- EDP Renováveis reported a net income of EU68 million in the first quarter, up 4.6% from the same period last year.
- The company’s Ebitda stood at EU454 million, a slight increase of 1.3% year on year.
- The average price for selling electricity during the first quarter fell by 3% year on year due to lower market prices primarily in Europe.
- EDP Renováveis’ revenue declined by 11% year on year to EU632 million during the first-three month period.
- The company gained EU58 million from asset rotation deals in the United States and Canada.
- Net debt rose to EU6.7 billion in March from EU5.8 billion in December.
- Currently, there are 16 buy ratings, 8 hold ratings, and 2 sell ratings for the company.
A look at EDP – Energias de Portugal SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, EDP – Energias de Portugal SA has a positive long-term outlook, with its highest scores in Dividend and Value categories. A score of 4 in Dividend indicates the company’s strong performance in dividend payments, while a score of 3 in Value suggests that it is attractively priced relative to its fundamentals. However, EDP scored lower in Resilience and Momentum, which could signify some challenges in these areas. Overall, the company’s balanced scores across various factors point towards a solid foundation with room for improvement in certain aspects.
EDP – Energias de Portugal, S.A. operates in the energy sector, primarily involved in generating, supplying, and distributing electricity in Portugal and Spain. Alongside its core operations, EDP also has interests in electricity distribution in Brazil and wind power projects across several European countries. With a diverse portfolio spanning different regions, the company’s strategic positioning and focus on dividends and value could position it well for long-term growth and stability in the energy market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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