Barclays Expects 'Solid' Q2 Results for EDP Renováveis
Barclays expects EDP Renováveis (EDPR.LS) to report another "solid" three-month period when it releases its second-quarter results on July 29, leaving the company well-positioned to meet its full-year 2026 targets. For the first half, the Portuguese renewable energy company's recurring EBITDA and recurring net profit are projected to reach 990 million euros and 140 million euros, respectively, according to a Monday earnings preview note. "EDPR has highlighted that rising power demand, led largely by data-centre build-outs in the US and Europe, is supporting faster growth and underpinned by a diversified project pipeline. We also see upside from re-contracting its operational US fleet, as well as additional optionality from hybridisation, wind repowering and BESS," analysts said. "We expect EDPR to keep ramping [capital expenditure], particularly in US solar and storage, supporting higher operating profitability over the medium term. In our view, the Middle East crisis could also have positive longer-term implications for renewables policy support." As such, the research firm increased its EPS estimate by 10% for 2026, noting that the company is still among its preferred.
Barclays expects EDP Renováveis (EDPR.LS) to report another "solid" three-month period when it releases its second-quarter results on July 29, leaving the company well-positioned to meet its full-year 2026 targets.
For the first half, the Portuguese renewable energy company's recurring EBITDA and recurring net profit are projected to reach 990 million euros and 140 million euros, respectively, according to a Monday earnings preview note. "EDPR has highlighted that rising power demand, led largely by data-centre build-outs in the US and Europe, is supporting faster growth and underpinned by a diversified project pipeline.
We also see upside from re-contracting its operational US fleet, as well as additional optionality from hybridisation, wind repowering and BESS," analysts said. "We expect EDPR to keep ramping [capital expenditure], particularly in US solar and storage, supporting higher operating profitability over the medium term.
In our view, the Middle East crisis could also have positive longer-term implications for renewables policy support." As such, the research firm increased its EPS estimate by 10% for 2026, noting that the company is still among its preferred.