EDP - Energias de Portugal, PTEDP0AM0009

Jefferies lifts EDP forecast 6 percent for EDP - Energias de Portugal stock

Published on 10/21/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies projects EUR 521.00 million net income in the third quarter. EDP - Energias de Portugal stock costs EUR 4.70 on October 21, 2026.

Forecasts and operating scale

Jefferies lifted its 2026 net income forecast by 6 percent on October 20, 2026.
EDP distributed 70.2 TWh of electricity in the first nine months of 2026, up 3 percent year over year.
EDP - Energias de Portugal stock traded at EUR 4.70 at 10:37 a.m. CEST at Lang & Schwarz on October 21, 2026.

Watercolor painting of Lisbon skyline with Tagus estuary and 25 April Bridge at golden sunset — EDP PTEDP0AM0009 watercolor painting Lisbon skyline Tagus estuary 25 April Bridge golden sunset, Illustration mit AI erstellt.

EDP - Energias de Portugal stock was trading at EUR 4.70 at Lang & Schwarz on October 21, 2026, as Jefferies lifted its 2026 net income forecast by 6 percent on October 20, 2026. The bank kept its price targets for EDP and cited stronger FlexGen performance ahead of the third-quarter figures, according to Jornal Economico.

Jefferies sees stronger third quarter

Jefferies projected third-quarter net income of EUR 521.00 million, up 115 percent from the prior-year quarter, and EBITDA of EUR 1.50 billion, up 26 percent year over year. The bank also raised its 2026 net income projection by 6 percent while leaving its price targets unchanged, according to the October 20, 2026 report.

The forecast rests partly on higher hydroelectric production. Jefferies estimated hydro output would rise 34 percent year over year and put 2026 EBITDA at EUR 5.40 billion, about 2 percent above its EUR 5.30 billion consensus estimate.

What does the operating data show?

EDP's operating preview showed 70.2 TWh of electricity distributed in the first nine months of 2026, up 3 percent from the same period of 2025. Renewable generation accounted for 92 percent, two percentage points more than a year earlier, while electricity generation reached 48.3 TWh, up 0.5 percent. These figures were published by MarketScreener on October 16, 2026.

Three dates frame the next update

EDP presented its first-half 2026 results on July 30, 2026, with the investor calendar showing the event date on the company's investor page. On October 16, 2026, EDP published its nine-month operating preview with 70.2 TWh distributed. On October 20, 2026, Jefferies raised its 2026 net income forecast by 6 percent. The chronology moves from reported results to operating data and then to the analyst view.

Reporting dates are approaching

EDP's investor calendar lists the nine-month 2026 results presentation for November 6, 2026. The operating-data release states that the results will be released after the Euronext market close on November 5, 2026, with the conference call scheduled for November 6, 2026, at 8:30 a.m. UK and Portugal time, according to EDP.

Stock valuation and the next catalyst

EDP's market capitalization was EUR 19.5 billion on October 21, 2026. The 52-week range was EUR 3.69 to EUR 4.94, placing the Lang & Schwarz quote within the range and leaving the November results as the next clearly dated company catalyst. EDP is listed on Euronext Lisbon under ticker EDP and operates in the Electric Utilities sector.

EDP was trading at EUR 4.70 at Lang & Schwarz on October 21, 2026 at 10:37 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of EDP - Energias de Portugal stock.