🚀 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! 🌎⚡

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