EDP Renovaveis stock fell 3.45 percent as profit grew 33 percent in H1 2026

Published on 10/05/2026 at 20:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EDP Renovaveis stock traded at EUR 12.33 on October 5, 2026, as its 52-week range stood at EUR 11.10 to EUR 14.67. First-half recurring profit reached EUR 183 million.

Aquarellgemälde von Madrids Hochhäusern mit Windturbinen am Horizont — Aquarell-Ansicht der Madrider Skyline mit fernen Windturbinen, thematisch verknüpft mit EDP Renováveis S.A., ISIN ES0127797019, Illustration mit AI erstellt.

EDP Renovaveis (ISIN ES0127797019) fell 3.45 percent to EUR 12.33 on Euronext Lisbon on October 5, 2026, leaving the share 15.95 percent below its 52-week high of EUR 14.67. The move contrasts with first-half recurring net profit of EUR 183 million, up 33 percent from the same period of 2025, according to TS2 Tech in its September 7, 2026 review of the company presentation dated July 29, 2026.

Profit rises while the stock retreats

The half-year operating figure was also higher. Recurring EBITDA reached EUR 1.033 billion, an 8 percent year-over-year increase, while underlying profit excluding asset-rotation gains was EUR 117 million and broadly flat after currency effects, TS2 Tech reported.

EDP Renovaveis raised its 2026 recurring EBITDA guidance to a range of EUR 2.2 billion to EUR 2.3 billion. Asset-rotation gains are expected to contribute EUR 300 million, making the quality of earnings as important as the headline profit increase.

Analysts see value above EUR 12.33

The analyst consensus remains Outperform, based on 23 analysts, with an average target price of EUR 14.90, according to MarketScreener on September 11, 2026. That target lies 20.84 percent above the October 5 price, although the consensus figure is not a guarantee of future performance.

Berenberg kept its Buy rating and EUR 15.00 target in September, while Morgan Stanley raised its target from EUR 13.50 to EUR 14.00 and retained an Equal Weight rating, according to Markets Insider on September 11, 2026.

Debt reduction is the next test

The Brazilian portfolio disposal is central to the next balance-sheet reading. EDPR agreed to sell its Brazilian operations to EDP Brasil for equity consideration of BRL 4.1 billion, with the transaction covering an installed base of 1.8 GW, TS2 Tech reported. Management expects the transaction to reduce net debt by EUR 1.5 billion while lowering 2027 EBITDA by EUR 100 million.

The balance between recurring operations, asset sales and financing costs now frames the investment case more clearly than the half-year profit headline alone. The next hard checkpoint is the nine-month update scheduled for November 5, 2026, as reported by TS2 Tech.

EDP Renovaveis stock stays below its high

EDP Renovaveis was last at EUR 12.33 on Euronext Lisbon on October 5, 2026 at 4:35 p.m. WEST, with a market capitalization of EUR 13.1 billion and volume of 1,073,843 shares. Its 52-week range was EUR 11.10 to EUR 14.67.