Equity research - EDP renováveis S.A : leading the transition into renewables

This is the second part, out of two, of an equity research into EDPR. This section includes the DCF valuation, the calculation of the WACC and its respective components, forecasted values for the main drivers and the final recommendation. Final expected share price for end of year 2022 is of 22.34€, as of 17/12/2021