Enel: Most Preferred Utilities With Improved Capital Allocation
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Enel is focusing on maximizing shareholder returns with a strategic plan that includes €43 billion in CAPEX towards grids and renewables. Despite no short-term catalysts, its discount to peers and higher dividend yield make it a compelling buy.
December 10, 2024 | 4:15 pm
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Enel's strategic plan involves €43 billion in CAPEX focusing on grids and renewables, aiming to maximize shareholder returns. Despite no short-term catalysts, its discount to peers and higher dividend yield make it attractive.
Enel's strategic focus on CAPEX in grids and renewables is expected to contribute significantly to its EBITDA by 2027. The lack of short-term catalysts is offset by its attractive valuation compared to peers and a higher dividend yield, making it a compelling buy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100