Barclays bets on European utilities as they outperform market
16/10/2025 08:07
** Barclays sees considerable upside potential for European utilities as it anticipates their earnings bottoming out in 2025, followed by robust growth ** "(We) reiterate our positive view on the sector, driven by power and investment demand growth, supportive macro and undemanding valuation," Barclays says ** The brokerage says the sector is entering an "unstoppable super-cycle", fuelled by demand growth and electrification ** It turns positive on European renewables for the first time in three years, it says, upgrading EDP Renovaveis EDPR.LS and Centrica CNA.L to "overweight" from "equal weight" ** It double downgrades Redeia REDE.MC from "overweight" to "underweight"
| COMPANY | RATING | OLD RATING | PT | OLD PT |
|---|---|---|---|---|
| Centrica CNA.L | Overweight | Equal weight | 210p | 180p |
| EDPR EDPR.LS | Overweight | Equal weight | 15 euros | 9.4 euros |
| Endesa ELE.MC | Equal weight | Overweight | 28.6 euros | 28.6 euros |
| HidroelectricaROH2O.BX | Underweight | Equal weight | 120 euros | 120 euros |
| Redeia REDE.MC | Underweight | Overweight | 14 euros | 20.3 euros |
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