Berenberg keeps EUR 15.00 target for EDP Renovaveis stock

Published on 10/02/2026 at 15:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg kept Buy and its EUR 15.00 target on September 11, 2026. EDP Renovaveis stock costs EUR 12.83 on October 2, 2026 versus EUR 12.64, plus 1.50 percent.

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EDP Renovaveis stock was trading at EUR 12.83 at Lang & Schwarz on October 2, 2026 at 3:36 p.m. CEST, up 1.50 percent versus the prior close of EUR 12.64 on October 1, 2026. The latest analyst signal came on September 11, 2026, when Berenberg kept its Buy rating and EUR 15.00 target, as Finimize reported.

EUR 15 target meets stronger operations

Berenberg's unchanged EUR 15.00 target places the analyst view above the Lang & Schwarz price, while the bank also pointed to higher funding costs and currency effects that reduced its earnings per share estimates through 2028. The combination matters because stronger operating figures do not automatically translate into equal growth in net profit.

EDP Renovaveis reported first-half 2026 recurring EBITDA of EUR 1.033 billion, up 8.00 percent from the comparable period, while recurring net profit rose 33.00 percent to EUR 183 million, according to TS2.tech on September 7, 2026. Underlying profit excluding asset-rotation gains was EUR 117 million, which shows why the quality of earnings remains central to the valuation.

Guidance depends on asset rotations

Management raised 2026 recurring EBITDA guidance to EUR 2.2 billion-2.3 billion, with EUR 300 million expected from asset-rotation gains, the same report said. Generation increased 4.00 percent in the first half of 2026, but electricity sales fell 2.00 percent as European power prices and a weaker dollar offset additional capacity.

The Brazil transaction adds another balance-sheet test. EDP Renovaveis expects the disposal to reduce net debt while lowering future EBITDA, making the timing of the closing and the cash effect more important than the headline transaction value.

November results set the next test

Yahoo Finance lists November 5, 2026 as the next earnings date for EDP Renovaveis, giving investors a defined checkpoint for net debt, asset-rotation gains and underlying profit, according to Yahoo Finance. Those figures will indicate whether the upgraded operating outlook is converting into cash generation and recurring earnings.

EDP Renovaveis was trading at EUR 12.83 at Lang & Schwarz on October 2, 2026 at 3:36 p.m. CEST, plus 1.50 percent versus the prior close of EUR 12.64 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of EDP Renovaveis stock.