Berenberg Sticks to Buy Rating on EDP Renovaveis Amid Stock Decline

EDP Renovaveis' stock price slipped by 0.76% to close at EUR 13.02 on September 11, 2026, on Euronext Lisbon.

This decline was despite Berenberg maintaining its 'Buy' rating and EUR 15 target for the Portuguese renewable power producer.

The German investment bank highlighted rising electricity demand from data centers and wider electrification trends, as well as firmer power pricing and a clearer project pipeline in the US and Europe.

However, Berenberg has modestly trimmed its earnings per share forecasts to reflect higher funding costs and currency effects.