EDP-Energias de Portugal S.A.

EDP Energias de Portugal is a utility company engaged as a generator, distributor and supplier of electricity in Portugal, and as an electricity generation company and a gas distributor in the Iberian Peninsula. In addition, Co. is a wind power operator with windfarms for energy generation in the Iberian Peninsula, the U.S., Canada, Brazil, France, Belgium, Italy, Poland and Romania and is engaged in developing wind projects in the U.K. Co. is also engaged in generating solar photovoltaic energy in Portugal, Romania and the U.S, and in Brazil it is engaged as an operator in electricity generation. As of Dec 31 2015, Co. had 9.7 million electricity customers and 1.4 million gas customers.
  • TickerEDP
  • ISINPTEDP0AM0009
  • ExchangeEuronext Lisbon
  • SectorElectricity
  • CountryPortugal

Analysts

Alfred Glaser ...
  • Anis Zgaya
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Louis Boujard
  • Philippe Ourpatian

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/16/2018

...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

ODDO : UK capacity market suspended!

>A surprise for operators in the UK - According to UK daily The Guardian, the UK plan to secure electricity supplies on the UK market in the winter months has been suspended after a ruling by the European Court of Justice that it constitutes illegal state aid following a complaint by an alternative electricity operator in the UK based on the methodology applied to determine the parameters of the capacity mechanism. Payments under the capacity market scheme representin...

Alfred Glaser ...
  • Anis Zgaya
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Louis Boujard
  • Philippe Ourpatian

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/11/2018

...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

ODDO : Marché du paiement de capacité britannique suspendu !

>Une surprise pour les opérateurs en GB - Selon le quotidien britannique The Guardian, le projet du Royaume-Uni visant à sécuriser l’alimentation en électricité du marché britannique durant les mois d’hiver a été suspendu par un jugement de la Cour de justice européenne fondée sur la caractérisation d’une aide d’État illégale, suite à la plainte d’un opérateur alternatif d’électricité au Royaume-Uni motivée par la méthodologie appliquée pour déterminer les paramètres ...

Helena Barbosa

EDP - 9M18 results affected by extraordinary provision

EDP - Energias de Portugal, S.A.: Semi-annual update to credit analysis

INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 5 January 2018 Update RATINGS EDP - Energias de Portugal, S.A. Domicile Portugal Long Term Rating Baa3 Type LT Issuer Rating Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Niel Bisset +44.20.7772.5344

Moody's: El fortalecimiento de las energias renovables en Iberia compensara la reduccion de la potencia instalada de las centrales electricas de carbon y estabilizara los precios

Announcement: Moody's: El fortalecimiento de las energías renovables en Iberia compensará la reducción de la potencia instalada de las centrales eléctricas de carbón y estabilizará los precios. Global Credit Research- 22 Nov 2017. London, 22 November 2017-- La capacidad eólica y solar en la Península Ibérica tiene perspectivas de crecimiento para los próximos años a medida que España reanude sus inversiones en energías renovables, compensando el cierre de...

Moody's: Reinvigorated Iberian renewables market to offset shrinking coal capacity, stabilize prices

Announcement: Moody's: Reinvigorated Iberian renewables market to offset shrinking coal capacity, stabilize prices. Global Credit Research- 22 Nov 2017. London, 22 November 2017-- Wind and solar capacity in the Iberian Peninsula looks set to rise in coming years as Spain resumes investments in renewables, thereby offsetting coal power station closures and stabilizing regional power prices, says Moody's Investors Service in a report published today.

EDP - Energias de Portugal, S.A.: Tariff cut in 2018 reflects lower interest rates, lower tariff deficit

INFRASTRUCTURE AND PROJECT FINANCE ISSUER COMMENT 18 October 2017 RATINGS EDP - Energias de Portugal, S.A. LT Issuer Rating Baa3 Senior Unsecured Baa3 Outlook Stable Contacts Niel Bisset +44.20.7772.5344 Senior Vice President niel.bisset@moodys.com Neil Griffiths- Lambeth +44.20.7772.5543 Associate Managing Director neil.griffiths-lambeth@moodys.com Jonathan Dolbear +44.20.7772.1099 Associate Anal

Moody's: Spanish utilities Endesa, Gas Natural gain after scooping up new renewables capacity

Announcement: Moody's: Spanish utilities Endesa, Gas Natural gain after scooping up new renewables capacity. Global Credit Research- 14 Sep 2017. London, 14 September 2017-- Spain's latest series of renewables capacity auctions is credit positive for large utilities, which won almost a quarter of the new capacity, as it supports their strategies to expand emissions-free generation, says Moody's Investors Service in a report published today.

Alfred Glaser ...
  • Anis Zgaya
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Louis Boujard
  • Philippe Ourpatian

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/16/2018

...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

ODDO : UK capacity market suspended!

>A surprise for operators in the UK - According to UK daily The Guardian, the UK plan to secure electricity supplies on the UK market in the winter months has been suspended after a ruling by the European Court of Justice that it constitutes illegal state aid following a complaint by an alternative electricity operator in the UK based on the methodology applied to determine the parameters of the capacity mechanism. Payments under the capacity market scheme representin...

Alfred Glaser ...
  • Anis Zgaya
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Louis Boujard
  • Philippe Ourpatian

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/11/2018

...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

ODDO : Marché du paiement de capacité britannique suspendu !

>Une surprise pour les opérateurs en GB - Selon le quotidien britannique The Guardian, le projet du Royaume-Uni visant à sécuriser l’alimentation en électricité du marché britannique durant les mois d’hiver a été suspendu par un jugement de la Cour de justice européenne fondée sur la caractérisation d’une aide d’État illégale, suite à la plainte d’un opérateur alternatif d’électricité au Royaume-Uni motivée par la méthodologie appliquée pour déterminer les paramètres ...

Helena Barbosa

EDP - 9M18 results affected by extraordinary provision

A director bought 70,143,242 shares at 2.964EUR and

A director at Energias De Portugal Sa Edp bought 70,143,242 shares at 2.964EUR and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/09/2018

...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/11/2018

...

Fehmi Ben Naamane ...
  • Harald Eggeling
  • Johanna Jourdain
  • Louis Boujard
  • Philippe Ourpatian

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/28/2018

Given the differential between reported cashflows and cashflows really controlled, top management are going to have to offload the least cash-generative assets and reallocate capital. Following the steep drop in our stock sample’s share prices, we think it is (high) time to take up positions again in order to play the asset rotation theme. HeidelbergCement replaces CRH as our Top Pick. Cf. sector report published today. - ...

Fehmi Ben Naamane ...
  • Harald Eggeling
  • Johanna Jourdain
  • Louis Boujard
  • Philippe Ourpatian

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 28/09/2018

Face au différentiel entre les cash-flows publiés et réellement « contrôlés », la mission du management des sociétés consistera à se délester des actifs les moins générateurs de cash et à réallouer les capitaux. Après la forte baisse de notre échantillon de valeurs en Bourse, nous pensons qu’il est temps de se repositionner pour jouer les rotations d'actifs. HeidelbergCement remplace CRH comme Top Pick. Cf. étude publiée ce jour. - ...

EDP ENERGIAS DE PORTL.SA is downgraded to Slightly Positive due to increased risk

The independent financial analyst theScreener just slightly lowered the general evaluation of EDP ENERGIAS DE PORTL.SA (PT), active in the Conventional Electricity industry. As regards its fundamental valuation, the title confirms its rating of 2 out of 4 stars. Its market behaviour, however, has slightly deteriorated and can be now qualified as moderately risky. This risk increase, even if marginal, forces theScreener to slightly downgrade the title, which now displays an overall rating of Slightly Positive. As of the analysis date September 28, 2018, the closing price was EUR 3.18 and its po...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Proxy Report - 05/04/2018

In item 6, shareholders are called to an advisory vote on the remuneration policy for executive members. We have serious concerns over the possibility to award discretionary bonuses, also considering that a significant component of the variable remuneration (20% of the bonus and 35% of the long-term incentive) is based on a qualitative assessment of the Board. Furthermore, we note that 97% of the long-term incentive is based on the same performance metrics used to calculate the annual bonus (TSR, EPS, debt-to-EBITDA and OCF), so that executives are paid twice for achieving the same target. Hen...

Jérôme VINERIER

Analyse court terme - Energias De Portugal SA : La tendance est baissière.

La tendance est baissière. La reprise est une consolidation. La baisse risque de reprendre jusqu'à 2,939 €. La tendance de fond serait remise en cause en cas de franchissement de 3,549 €.

Jérôme VINERIER

Short term view - Energias De Portugal SA : The trend is bearish.

The trend is bearish. The recovery is a consolidation. The fall might resume toward €2.939. The background trend would be questioned should prices rise above €3.549.

Jérôme VINERIER

Short term view - Energias De Portugal SA : The recovery is a consolidation.

The trend is bearish. The recovery is a consolidation. Stochastics are at the overbought level. The fall can soon resume toward €2.939. The background trend would be questioned should prices rise above €3.549.

Jérôme VINERIER

Analyse court terme - Energias De Portugal SA : La reprise est une consolidation.

La tendance est baissière. La reprise est une consolidation. Les Stochastiques sont en zone de surachat. La baisse peut bientôt reprendre vers 2,939 €. La tendance de fond serait remise en cause en cas de franchissement de 3,549 €.

Valérie GASTALDY

Medium term view - Energias De Portugal SA : The trend is bullish.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €3.100. A break below €3.100 would challenge the trend.

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