Goldman Sees Multi-Year Upside in U.S. Renewables, Raises EDPR to Buy
Goldman Sachs upgraded EDP Renovveis (EDPR) to Buy and moved EDP from Sell to Neutral, citing a structural improvement in U.S. renewable returns. The bank highlights historically high project returns, sharply higher U.S. power purchase agreement prices, and rising capital costs driven by domestic equipment sourcing as central forces that could sust…