What are the two energy stars to gain up to 27% on the Stock Exchange
The analysis firm considers that the market is pricing in an excessively negative scenario for the electricity companies. But it believes that Iberdrola and EDP Renováveis will be able to weather the storm and positions them as its preferred choices for investment in the sector due to their balance sheet solidity and financial immunity.
Iberdrola and EDP Renováveis are two electric utilities in Spain that analysts consider the best investment opportunities due to their solid balance sheets and financial immunity. The market currently undervalues these companies, presenting clear investment opportunities. Iberdrola is projected to reach 23.5 euros, a 15% upside from current prices, while EDP Renováveis has a price target of 16.7 euros, representing a 25% upside in a year.
Both companies are seen as natural shields in regulated networks, with Iberdrola being the least vulnerable to credit tightening. EDP Renováveis benefits from a majority of its assets in stable, long-term energy contracts in the US, providing reliable and stable income.
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