EDP (EDP.LS) shares rose 3.2% to €4.66 on August 18, 2026. Bank of America issued a double upgrade on the stock, moving its rating from underperform to buy.
Analysts cited expected upside to the company's 2028 guidance as the primary catalyst. Bank of America’s net income estimates for 2027-2028 are more than 15% above the pre-results consensus.
The revision reflects strong confidence in EDP's strategic direction and renewable energy growth potential.