- Enel (ENLAY, Financial) is expanding its U.S. renewable energy capacity through a strategic swap agreement.
- Analysts predict a price target of $8.69, implying a potential downside from the current price.
- The company holds a "Buy" recommendation based on brokerage consensus.
Enel SpA (ENLAY) is making significant strides in the renewable energy sector with a recent swap agreement with Gulf Pacific Power. This strategic move aims to increase Enel's U.S. renewable capacity by 285 MW, which is expected to enhance the company's EBITDA by $50 million. The agreement details include a $50 million cash payment and an asset exchange in wind farms, resulting in a $20 million increase in debt.
Analysts' Price Targets and Recommendations
According to the latest analysis from Wall Street, the one-year price targets provided by analysts suggest an average target price for Enel SpA (ENLAY, Financial) at $8.69. This target presents a high and low estimate of the same value, leading to an anticipated downside of 4.71% from the current trading price of $9.12. Investors seeking more precise data can explore the Enel SpA (ENLAY) Forecast page for additional insights.
The average brokerage recommendation for Enel SpA is 1.0, signifying a "Buy" status. This recommendation is part of a rating system where 1 stands for a Strong Buy and 5 indicates a Sell, positioning Enel favorably among investors looking for promising stocks.
GF Value Assessment
GuruFocus provides an estimated GF Value for Enel SpA (ENLAY, Financial) at $6.31, indicating a 30.81% downside from the current price of $9.12. This GF Value represents an estimate of the stock's fair trading value, calculated based on historical trading multiples, prior business growth, and future performance predictions. Investors can access more comprehensive data on the Enel SpA (ENLAY) Summary page.
