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ENLAY - Enel Has Overdelivered In Q1 And Remains Attractive
Enel SpA ADR
2023-05-04 05:19:13 ET
Summary
Enel has outperformed by double digits since my last article.
During the first quarter, the company over-delivered on their disposals and is well on its way to achieve its debt-cutting target a year earlier than expected.
Even after a 50% rally since the October low, ENLAY stock remains reasonably priced and offers a 7% and growing dividend.
I present my updated thesis for one of my largest holdings.