Morgan Stanley’s 15 Best European AI Stocks

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14. EDP, S.A. (OTC:ELCPF)

Number of Hedge Fund Holders: N/A 

EDP, S.A. (OTC:ELCPF) engages in the generation, transmission, distribution, and supply of electricity in Europe, South America, North America, and internationally. It is based in Portugal. The firm has demonstrated a strong financial performance in recent periods, with a notable 14% increase in net consolidated profit for the first nine months of 2024, reaching €1.08 billion. A significant aspect of EDP’s strategy involves the integration of AI to enhance operational efficiency and support the global energy transition. Since 2019, EDP has identified 239 initiatives related to data analytics and AI, underscoring its commitment to technological innovation. These AI initiatives are designed to optimize various facets of EDP’s operations, including predictive maintenance, energy distribution, and customer engagement.

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