Citi initiated coverage of Enel Chile (ENIC) with a Buy rating and CLP 62 price target The firm says high levels of hydro generation thanks to stored energy in dams will keep easing pressure on spot prices, reducing spot purchase costs, resulting in an improved margin EBITDA for the company. Enel Chile’s stable cash generation provides room for future renewable projects and its 8.5% dividend yield is attractive relative to peers, the analyst tells investors in a research note.
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Read More on ENIC:
- Enel Chile downgraded to Sector Perform from Outperform at Scotiabank
- Enel Chile Announces Interim Dividend Amid Strong Financials
- Enel Chile Announces Ambitious 2025-2027 Strategic Plan
- Enel Chile to Adopt U.S. Dollar as Functional Currency
- Enel Chile Reports Strong Earnings Growth in 2024
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
