Sign in

    Manuel Palomo

    Research Analyst at BNP Paribas

    Manuel Palomo is an Equity Analyst at Exane BNP Paribas, specializing in utilities sector research with a particular focus on Spanish energy companies. He covers firms such as Naturgy Energy, providing detailed price targets and investment recommendations; for example, he recently upgraded Naturgy Energy to Neutral with a revised price target of EUR 24.80. Palomo has built a reputation for rigorous coverage and accurate forecasting, with his calls on Naturgy drawing attention from investor platforms like TipRanks. His career at Exane BNP Paribas includes sector-specific expertise and ongoing recognition for his thorough analysis, supported by professional credentials in equity research.

    Manuel Palomo's questions to EDP ENERGIAS DE PORTUGAL (EDPFY) leadership

    Manuel Palomo's questions to EDP ENERGIAS DE PORTUGAL (EDPFY) leadership • Q3 2023

    Question

    Asked about the sustainability of the high integrated margin in Iberia, the reason for the increase in assets held for sale, and the expected impact on minorities from the buyout of the Brazilian subsidiary in 2024.

    Answer

    The sustainability of the Iberian margin is supported by rebounding forward prices and a 50% hedge for 2024. Assets held for sale include the Pecém coal plant, a transmission line, and a wind asset in Brazil. The Brazil buyout is expected to reduce minorities by EUR 120 million in 2024, excluding synergies.

    Ask Fintool Equity Research AI