Goldman Sachs sees upside for EDP - Energias de Portugal stock
Published on 10/09/2026 at 12:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Goldman Sachs sees upside risk to EDP's 2026 outlook and projects third-quarter EBITDA of EUR 1.20 billion.
- EDP reported recurring net profit of EUR 753.0 million for the first half of 2026 and raised recurring net profit guidance to EUR 1.4 billion.
- The stock was unchanged at EUR 4.81 at Lang & Schwarz on October 9, 2026, versus a 52-week high of EUR 4.90.
- EDP is scheduled to report its nine-month 2026 results on November 6, 2026.
EDP - Energias de Portugal (ISIN PTEDP0AM0009) was unchanged at EUR 4.81 at Lang & Schwarz on October 9, 2026 at 12:24 p.m. CEST, matching the prior close of EUR 4.81. Goldman Sachs sees upside risk to the companys full-year outlook and projects third-quarter EBITDA of EUR 1.20 billion, as Yahoo Finance reported on October 5, 2026.
Three steps in EDP's 2026 story
On August 4, 2026, EDP's first-half results showed recurring net profit of EUR 753.0 million, broadly flat year over year, according to the Yahoo Finance transcript.
On the same date, management raised recurring net profit guidance for fiscal year 2026 to EUR 1.4 billion and recurring EBITDA guidance to EUR 5.3 billion. The net profit guidance represented a 12.00 percent increase versus the Capital Markets Day guidance range, according to Yahoo Finance.
On October 5, 2026, Goldman Sachs projected third-quarter EBITDA of EUR 1.20 billion and nine-month EBITDA of EUR 3.9 billion. The bank also cited expected asset-rotation gains of EUR 200 million to EUR 250 million for the remainder of the year, according to Yahoo Finance.
What supports the 2026 outlook?
The first-half transcript points to recurring EBITDA of EUR 2.7 billion, up 5.00 percent year over year, with electricity-networks EBITDA rising 14.00 percent to EUR 874.0 million. That mix gives the guidance a measurable operating base rather than relying only on asset sales.
EDP also reported 4.6 GW of Portuguese data-center grid connection requests and 500 MW of powered-land capacity already secured. The figures connect the companys networks investment cycle with a potential source of future electricity demand, while the second-half outcome still depends on hydro generation, power prices and asset-rotation timing, according to Yahoo Finance.
EDP approaches November results
At EUR 4.81, the stock stood 1.84 percent below its 52-week high of EUR 4.90 on October 9, 2026. Market capitalization was EUR 19.9 billion on the same date, while the next reporting date is November 6, 2026, when EDP is scheduled to present its nine-month 2026 results, according to EDP.
The further course of trading is shown by the continuously updated real-time quote of EDP - Energias de Portugal stock.
EDP - Energias de Portugal stock facts
- Company: EDP - Energias de Portugal, S.A.
- ISIN: PTEDP0AM0009
- Ticker: EDP.LS
- Primary exchange: Euronext Lisbon
- Price Lang & Schwarz (as of October 9, 2026, 12:24 p.m. CEST): EUR 4.81
- Change versus prior close: unchanged
- Prior close Lang & Schwarz (October 8, 2026): EUR 4.81
- Market capitalization: EUR 19.9 billion (as of October 9, 2026)
- 52-week range: EUR 3.69-EUR 4.90 (as of October 9, 2026)
- Sector / Industry: Utilities / Electric Utilities
- Index membership: PSI 20
- Next earnings date: November 6, 2026
Market context: Market report PSI 20.
