12 Popular Penny Stocks on Robinhood to Watch

6. Enel Chile S.A. (NYSE:ENIC)

No of hedge fund holders: 9

Enel Chile S.A. (NYSE:ENIC) is an electricity utility company specializing in the generation, transmission, and distribution of electricity across Chile.

On March 11, 2025, Enel Chile S.A. (NYSE:ENIC)’s subsidiary, Enel Generación Chile, commenced commercial operations of the Los Cóndores Hydroelectric Power Plant. Located in the Maule Region, this plant boasts a net capacity of 153 MW and was constructed with advanced technology, including specialized tunnel boring machinery, to address geological challenges. It contributes approximately 350 GWh of renewable energy annually to Chile’s National Electric System.

For FY 2024, Enel Chile S.A. (NYSE:ENIC) reported a decline in its reported EBITDA, which decreased by 31% year-over-year to $764 million. However, adjusted EBITDA showed an improvement, up by 29% to $1.42 billion. The company also saw a 22% increase in adjusted Group Net Income, which reached $622 million, compared to $508 million in FY 2023. The company’s renewable energy projects, including the Los Cóndores Hydroelectric Power Plant, are expected to enhance future cash flow and support continued growth in the coming years.