EDP Renovaveis downgraded to Underperform from Outperform at Exane BNP Paribas

Exane BNP Paribas downgraded EDP Renovaveis (EDRVF) to Underperform from Outperform with a EUR 10 price target The firm thinks 2025 could provide a challenging year for European utilities and renewables and thinks integrated models, grids and storage are “more likely to survive.”