EDP Renovaveis stock rises 1.59 percent after strong H1 results

Published on 10/03/2026 at 23:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EDP Renovaveis stock carries a EUR 15 Berenberg target dated September 11, 2026. First-half recurring net profit reached EUR 183 million, up 33 percent year over year.

Pop-Art-Comic mit Windturbinen und Solarpanels, Bezug EDP Renováveis S.A., ISIN ES0127797019 — EDP Renováveis S.A. (ES0127797019) erscheint als Pop-Art-Comic mit Windturbinen, Solarpanels und Sonnenuntergang, Illustration mit AI erstellt.

EDP Renovaveis (ISIN ES0127797019) was last at EUR 12.77 on Euronext Lisbon on October 2, 2026 at 4:35 p.m. WEST, up 1.59 percent from EUR 12.57. The move came as investors weighed stronger first-half operating figures against financing and currency pressure.

First half raises the earnings bar

EDPR Investors says the company hosted its first-half 2026 results webcast on July 29, 2026. In the figures reported by TS2, recurring EBITDA for the first half rose 8 percent year over year to EUR 1.033 billion, while recurring net profit increased 33 percent to EUR 183 million.

The company also raised its 2026 recurring EBITDA guidance to EUR 2.2 billion to EUR 2.3 billion. The comparison matters because underlying profit excluding asset-rotation gains reached EUR 117 million and was broadly flat after currency effects, according to TS2.

Berenberg keeps EUR 15 target

On September 11, 2026, Berenberg kept its Buy rating and EUR 15 price target, as Finimize reported. The target lies 17.5 percent above the EUR 12.77 reference price.

Finimize also reported that Berenberg trimmed its 2026 to 2028 earnings-per-share estimates because of higher funding costs and foreign-exchange effects. That creates a clear split in the investment case: operating growth is improving, while the cost of financing renewable projects remains a valuation constraint.

November 5 brings the next test

The next nine-month results update is scheduled for November 5, 2026, according to Deco Proteste. Net debt, asset-rotation proceeds and underlying profit will show whether the first-half improvement is translating into cash generation.

Stock remains below yearly high

EDP Renovaveis was last at EUR 12.77 on Euronext Lisbon on October 2, 2026 at 4:35 p.m. WEST, with a session range of EUR 12.59 to EUR 12.92 and a 52-week range of EUR 7.92 to EUR 14.67. Its market capitalization was EUR 13.5 billion and volume was 1,019,234 shares on that session.