EDP stock gains on Jefferies upgrade and Lisbon trade

EDP stock held near EUR 4.72 on September 1, 2026 after Jefferies lifted its view to Buy and set a EUR 5.40 target for EDP - Energias de Portugal (PTEDP0AM0009). The move left the Lisbon-listed utility EUR 0.68 below that target, or 13.9 percent.

Lisbon trading stays firm

According to ad hoc news, the stock also traded at EUR 4.74 intraday on September 1, 2026, while the PSI stood at 9,491.43 points. A separate market note said EDP fell 1.12 percent to EUR 4.667 on September 2, 2026, showing how tightly the shares tracked Lisbon sentiment.

The same market snapshot put EDP's market capitalization at EUR 18.4 billion as of September 2, 2026 and its 1Y return at 19.9 percent. That makes the rating change a valuation story as much as a one-day market move.

Profit and guidance

Eco SAPO reported on September 3, 2026 that EDP closed the first half of 2026 with profit of EUR 732 million and now expects EUR 1.4 billion for full-year 2026. The same report said recurring EBITDA guidance was lifted to EUR 5.3 billion from EUR 4.9 billion.

Those figures matter because the new profit outlook is EUR 250 million above the 2025 result of EUR 1.15 billion, while the EBITDA target adds EUR 400 million to the prior estimate. For investors, that is the operating backdrop behind the analyst debate.

EDP solar and grids

EDP remains a vertically integrated utility with exposure to grids, conventional power and renewables, and that mix still shapes the market view on earnings quality. The fresh guidance lift points to improved profit momentum even as the stock trades only modestly below the new target.

EDP stock near EUR 4.67

EDP stock closed at EUR 4.667 on September 2, 2026 on Euronext Lisbon. At that level, the shares were 19.21 percent higher year to date and 13.9 percent below Jefferies' EUR 5.40 target.