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Here is how Energias de Portugal (EDPFY) and Telecom Italia (TIIAY) have performed compared to their sector so far this year.

Here is how Energias de Portugal (EDPFY) and MYR Group (MYRG) have performed compared to their sector so far this year.

EDP, S.A. (EDPFY) delivered flat EBITDA with some growth in volumes but lower prices. Expecting higher hydro generation and increased European electricity prices to benefit EDP's renewable-heavy asset base, with CCGT-heavy peers losing out. On the negative side, net debt continues to rise, limiting deleveraging and constraining dividend growth despite ongoing capacity expansion.

Energias de Portugal (EDPFY) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.