🚀 Jefferies Turns Bullish on EDP Renováveis (EDPR) — Sees Massive 59% Upside!
Big move from Jefferies! The brokerage has upgraded EDP Renováveis (EDPR) from “Hold” to “Buy”, calling it one of the top plays in U.S. power demand growth.
💡 Jefferies now sets a €15.6 price target, signaling nearly +59% upside potential for the Spanish renewable giant.
🔋 Why the optimism?
EDPR is Europe’s most exposed to rising U.S. power prices.
EPS expected to grow 28% CAGR (2025–2028) — a stunning turnaround from the prior -23%.
Around 50–60% of earnings will come from the U.S. market.
Even a small $5/MWh rise in U.S. power prices could boost net income by ~5% by 2030!
📈 Jefferies calls it a “narrative shift” — from years of downgrades to a strong growth story, driven by higher PPA pricing, efficiency, and U.S. policy support via the Inflation Reduction Act.
🔥 Next catalyst: EDPR’s Capital Markets Day on Nov 6, where investors expect bold growth targets and improved profitability focus.
Meanwhile, Jefferies raised parent firm EDP’s target to €4.55, keeping a “Hold” stance, noting slower EPS momentum.
Bottom Line: EDPR is emerging as a defensive yet high-growth renewable play, riding the U.S. energy wave! 🌎⚡
#EDPR #Jefferies #RenewableEnergy #Stocks #Investing #CleanEnergy
#USPower