Enel: Higher-Quality Earnings Support Further Upside
Enel's first-quarter results indicate a 4% growth in EBITDA and net profit, driven by regulated networks. This shift towards an infrastructure platform may allow Enel to achieve a higher valuation multiple in the future. The company is also engaging in ongoing buybacks to support its stock value.
- ▪Enel's Q1 results showed a 4% increase in EBITDA and net profit.
- ▪Regulated networks now account for 42% of Enel's EBITDA.
- ▪The company is transitioning towards an infrastructure platform rather than a traditional utility.
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