EDP Renováveis (OTCMKTS:EDRVF) Stock Price Up 6.7% – Still a Buy?

EDP Renováveis, S.A. (OTCMKTS:EDRVFGet Free Report) shares rose 6.7% on Wednesday . The company traded as high as $15.8820 and last traded at $15.8820. Approximately 542 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 381 shares. The stock had previously closed at $14.89.

EDP Renováveis Price Performance

The company has a 50-day moving average of $14.44 and a 200 day moving average of $13.45.

EDP Renováveis Company Profile

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EDP Renováveis SA (OTCMKTS:EDRVF) is a global renewable energy company specializing in the development, construction and operation of wind and solar power projects. As a subsidiary of the Energias de Portugal (EDP) group, the company focuses on delivering clean electricity through onshore and offshore wind farms as well as increasingly integrating photovoltaic installations and energy storage solutions to support grid stability.

Founded as a spin-off from EDP in 2007 and headquartered in Madrid, Spain, EDP Renováveis has established a presence in multiple markets around the world.

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