Enel will lift the veil on quarterly accounts on May 6 after the close of the markets and Barclays expects an unfavorable comparison with the first quarter of 2020, a quarter that recorded stronger activity before the start of the lockdown. In particular, Barclays experts expect an Ebitda of 4.192 million, down 12% year on year mainly due to a 33% contraction in the division of
energy generation and management and a weakness (-6%) in the renewable energy sector, which were also affected by the storm in Texas with an estimated negative impact of 40 million euros. As regards earnings per share, Barclays expects an Eps (earning per share) of € 0.53, down from the € 0.54 previously forecast. Experts reaffirm the Overweight rating on Enel and target price of € 10.1. “Enel remains our favorite utility in Southern Europe – say from the British company – About 76% of the new renewable capacity in the coming years will involve its key markets (Italy, Spain, Portugal, North and South America), strengthening thus the vertical integration of the group “.