ENIC - Enel Chile Stock: I Remain Bullish
2024-01-30 08:20:55 ET
Summary
- Enel Chile S.A. is a $4.2 billion electricity utility company based in Chile, involved in power generation from diverse sources and the distribution of electricity in the Santiago metropolitan region.
- Last quarter, the company successfully added new renewable energy capacity and saw a boost in hydro production.
- ENIC stock has an attractive valuation, with a high dividend yield and a low EV/EBITDA multiple, making it appealing to income-seeking investors.
- I remain bullish on ENIC in the long term and also expect the upcoming Q4 report to be stronger than the market expects.
Intro & Thesis
Enel Chile S.A. (ENIC) is a $4.2-billion electricity utility company based in Chile, involved in power generation from diverse sources and the distribution of electricity in the Santiago metropolitan region....
Enel Chile Stock: I Remain Bullish