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EDP Renováveis, S.A. (EDPR.LS)
| Previous close | 12.97 |
| Open | 12.82 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 12.77 - 13.14 |
| 52-week range | 11.91 - 20.91 |
| Volume | |
| Avg. volume | 929,167 |
| Market cap | 13.271B |
| Beta (5Y monthly) | 0.57 |
| PE ratio (TTM) | 41.81 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 27 Apr 2022 |
| 1y target est | N/A |
- Reuters
Portugal's EDP to change its global structure, eyes relevant cost cuts
Portugal's main power utility EDP has launched an internal restructuring to streamline its worldwide organisation, focus on growth and achieve cost cuts in a challenging market environment, its CEO told Reuters on Wednesday. Miguel Stilwell d'Andrade said "the global context is more difficult than a year ago as energy prices are much lower now, reducing EDP's revenues, and interest rates are expected to remain higher for longer". "We have to act... it will be a deep internal restructuring that will simplify, streamline the organisation and increase efficiency," he said, adding that it was needed to help EDP meet its strategic goals.
- Reuters
EDP's 2023 profit rises 40%, misses forecasts due to one-offs
Portugal's largest utility EDP reported on Thursday a 40% jump in 2023 net profit, driven by higher hydroelectric production in Iberia and more earnings from its Brazilian business, but still missed expectations due to one-off losses. EDP-Energias de Portugal netted 950 million euros ($1.03 billion), while analysts polled by LSEG had expected, on average, a profit of 1.2 billion euros. Profit reported earlier by its wind and solar unit EDP Renovaveis plunged 50% to 309 million euros as revenues fell.
- Reuters SG
EDPR Sunseap seeks to more than double solar capacity in Asia-Pacific by 2026
Singapore-based renewables firm EDPR Sunseap has more than doubled its installed solar capacity in the Asia-Pacific region since last year and is looking at new investment opportunities to more than double it again to 2.4 gigawatts (GW) by 2026. Portugal's EDP Group, which acquired Sunseap in February 2022, said in a statement on Thursday the unit's capacity was now above 1 GW, which EDP Chief Executive Officer Miguel Stilwell called a "significant milestone" for growth.
