- Enel is an Italian utility company with a global presence.
- The company is in the midst of a turnaround, shedding fossil-fueled assets and expanding into renewables.
- A massive €160Bn investment plan was launched this year focusing on growth of the most profitable segments - Renewables and Networks.
- The stock currently has a rather high PE ratio of 30, and it remains to be seen how the execution of the investment plan will affect financial performance.
- Patience will be rewarded before a position is initiated.
For further details see:
Enel: Green Expansion Plans Are Already Priced In