Enlight Renewable Energy (NASDAQ:ENLT) vs. EDP Renováveis (OTCMKTS:EDRVF) Head to Head Review

EDP Renováveis (OTCMKTS:EDRVF) and Enlight Renewable Energy (NASDAQ:ENLT) are both utilities companies, but which is the superior investment? We will compare the two companies based on the strength of their analyst recommendations, dividends, valuation, earnings, profitability, risk and institutional ownership.

Analyst Ratings

This is a summary of recent recommendations for EDP Renováveis and Enlight Renewable Energy, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
EDP Renováveis	0	0	0	0	0.00
Enlight Renewable Energy	2	2	3	1	2.38

Enlight Renewable Energy has a consensus target price of $75.00, suggesting a potential downside of 11.58%. Given Enlight Renewable Energy’s stronger consensus rating and higher probable upside, analysts plainly believe Enlight Renewable Energy is more favorable than EDP Renováveis.

Profitability

This table compares EDP Renováveis and Enlight Renewable Energy’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
EDP Renováveis	N/A	N/A	N/A
Enlight Renewable Energy	12.35%	3.52%	0.86%

Valuation & Earnings

This table compares EDP Renováveis and Enlight Renewable Energy”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
EDP Renováveis	N/A	N/A	N/A	$0.10	164.76
Enlight Renewable Energy	$582.26 million	17.27	$132.10 million	$0.62	136.81

Enlight Renewable Energy has higher revenue and earnings than EDP Renováveis. Enlight Renewable Energy is trading at a lower price-to-earnings ratio than EDP Renováveis, indicating that it is currently the more affordable of the two stocks.

Institutional & Insider Ownership

14.0% of EDP Renováveis shares are owned by institutional investors. Comparatively, 38.9% of Enlight Renewable Energy shares are owned by institutional investors. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Summary

Enlight Renewable Energy beats EDP Renováveis on 10 of the 11 factors compared between the two stocks.

About EDP Renováveis

EDP Renováveis, S.A., a renewable energy company, plans, constructs, operates, and maintains electricity power stations. The company operates wind and solar farms. As of December 31, 2023, it had an installed capacity of 6,891 megawatts in the United States; 2,042 megawatts in Spain; 1,413 megawatts in Portugal; 1,165 megawatts in Brazil; 798 megawatts in Poland; 521 megawatts in Romania; 496 megawatts in Mexico; 427 megawatts in Canada; 412 megawatts in Italy; 402 megawatts in Vietnam; 315 megawatts in Singapore; 244 megawatts in France; 123 megawatts in China; 83 megawatts in Chile; 80 megawatts in Greece; 43 megawatts in Taiwan; 11 megawatts in Belgium; 9 megawatts in the Netherlands; 7 megawatts in Thailand; and 5 megawatts in the United Kingdom. The company was incorporated in 2007 and is headquartered in Madrid, Spain. EDP Renováveis, S.A. is a subsidiary of EDP – Energias de Portugal, S.A.

About Enlight Renewable Energy

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects. The company was incorporated in 1981 and is headquartered in Rosh Haayin, Israel.