ENLAY - Enel Announces New Strategic Plan Buy Reaffirmed
2024-02-07 03:44:17 ET
Summary
- Enel has made good progress on its old strategic plan and has announced an ambitious update for 2024-2026.
- The company targets 5-6% earnings growth and aims to increase the share of renewables and reduce debt.
- With a dividend floor at a 7% yield and a potential 30% upside, ENLAY remains a highly attractive investment option.
Dear readers,
Enel (ENLAY) is an Italian-based global utility company with operations in Italy (30%), Latin America (28%), Spain (24%) and the U.S. (8%). The company is vertically integrated and therefore operates throughout the energy production sector from electricity production to distribution. Notably, Enel has a heavy exposure to renewables of 55% and is actively working on it increasing further....
Enel Announces New Strategic Plan, Buy Reaffirmed