Goldman sees upside for EDP - Energias de Portugal stock
Published on 10/07/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
EDP - Energias de Portugal (ISIN PTEDP0AM0009) was trading at EUR 4.78 at Lang & Schwarz on October 7, 2026 at 10:32 a.m. CEST, down 0.42 percent versus the prior close of EUR 4.80. As Guavy reported on October 6, 2026, Goldman Sachs sees clear upside risk to EDP's full-year EBITDA guidance.
Guidance faces an earnings test
Goldman Sachs estimates third-quarter EBITDA at EUR 1.20 billion and nine-month EBITDA at EUR 3.90 billion, according to the October 6, 2026 report. The bank says expected asset rotation gains of EUR 200.00 million to EUR 250.00 million could make EDP's EUR 5.30 billion full-year EBITDA guidance conservative.
The interpretation matters because the expected nine-month EBITDA of EUR 3.90 billion represents 73.58 percent of the EUR 5.30 billion full-year guidance. That leaves the final quarter responsible for EUR 1.40 billion, a concrete hurdle for the November update.
Results provide the operating baseline
EDP's investor-relations page schedules the 9M26 results presentation for November 6, 2026, after the company released its first-half results presentation on July 30, 2026. The date gives the market a defined checkpoint for testing the Goldman Sachs scenario and management's guidance.
Investing.com reports Q2 2026 revenue of EUR 3.71 billion against consensus of EUR 3.61 billion, a 2.77 percent difference, and net income of EUR 354.00 million. The revenue comparison gives investors a measured baseline rather than relying only on the forward EBITDA scenario.
Investing.com also reports that networks EBITDA rose 14.00 percent year over year to EUR 874.00 million in the first half of 2026. That figure supports the strategic argument behind the outlook, while the 9M26 release will show whether generation and asset rotation add to the networks contribution.
Stock stays below its yearly high
EDP's EUR 4.78 Lang & Schwarz price is 2.45 percent below the 52-week high of EUR 4.90 and sits within the EUR 3.69 to EUR 4.90 52-week range on October 7, 2026. Market capitalization was EUR 19.7 billion on the same date, while the primary listing is Euronext Lisbon in EUR.
The modest daily decline leaves the guidance debate as the central near-term valuation test. A confirmation of the EUR 5.30 billion EBITDA path would need to be weighed against the EUR 1.40 billion implied fourth-quarter requirement and the timing of the November 6 results.
November supplies the next test
EDP was trading at EUR 4.78 at Lang & Schwarz on October 7, 2026 at 10:32 a.m. CEST, down 0.42 percent versus the Lang & Schwarz prior close of EUR 4.80. The further course of trading is shown by the continuously updated real-time quote of EDP - Energias de Portugal stock.
EDP - Energias de Portugal market data
- Company: EDP - Energias de Portugal, S.A.
- ISIN: PTEDP0AM0009
- Ticker: EDP
- Primary exchange: Euronext Lisbon
- Price Lang & Schwarz (as of October 7, 2026, 10:32 a.m. CEST): EUR 4.78
- Change versus prior close: minus 0.42 percent
- Prior close Lang & Schwarz (October 6, 2026): EUR 4.80
- Market capitalization: EUR 19.7 billion (as of October 7, 2026)
- 52-week range: EUR 3.69-EUR 4.90 (as of October 7, 2026)
- Sector / Industry: Utilities / Diversified Utilities
- Index membership: PSI 20
- Next earnings date: November 6, 2026
