Enel Remains My Favorite Renewable Energy Investment

Oct. 10, 2023 7:44 AM ETEnel SpA (ENLAY) StockENLAY4 Comments

Summary

  • Enel is my favorite renewable energy investment.
  • The company has an ambitious plan to increase its share of renewable energy to 75% and deleverage its balance sheet.
  • So far, they're on track to deliver double-digit returns.
  • Looking for a helping hand in the market? Members of High Yield Landlord get exclusive ideas and guidance to navigate any climate. Learn More »

Aerial view of electric poles in green wheat fields. Renewable energy.

Daniel Balakov

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This article was written by

4.76K Followers

David Ksir has extensive private equity experience in finance and European real estate. He manages a small 8-figure family office focused on generating reliable dividend income through value investing.

David also contributes to the High Yield Landlord which is led by Jussi Askola and has a team of 5 other top Seeking Alpha REIT and income analysts. They help investors become passive landlords with their 8% yielding real estate portfolio. Service features include: three portfolios (core, retirement, international), community through chat room, buy/sell alerts, and educational content.

Disclosure: I am associated with another SA contributor Deep Value Explorer.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ENLAY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I own the native shares - ticker ENEL

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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