BIT:ENELElectric Utilities
Enel (BIT:ENEL) Could Be 13% Undervalued Following Its São Paulo Grid Upgrade
Enel (BIT:ENEL) is back in focus after Enel São Paulo outlined new measures to reinforce its electricity grid ahead of an expected Super El Niño, including the expansion of operational bases, control structures and communications technology to support service continuity.
Enel’s share price has eased over the past month, with a 30-day share price return down 9.28% and a 90-day share price return down 8.79%. However, the 1-year total shareholder return of 20.20% and 5-year total shareholder...