UBS’ Top Tech Based Disruptive Stocks For 2030: Top 29 Stocks

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25. Enel SpA (OTCPK:ENLAY)

YTD Share Price Gain: 8.07%

Enel SpA (OTCPK:ENLAY) is one of the biggest electricity and gas companies in the world. The firm produces and sells electricity, builds generation plants, and also operates in the renewable energy generation business. Its power generation business means that when power demand is high and prices are rising, Enel SpA (OTCPK:ENLAY) benefits from higher revenues. Consequently, its shares on the OTCPK market have gained 3.62% year to date. However, with economic conditions in Europe improving, power generation demand can pick up and lead to catalysts for the share price. Enel SpA (OTCPK:ENLAY) is also currently focused on expanding its grid generation capacity and is shifting attention away from renewable power generation. The firm expects its capital expenditure to average €11.9 billion per year between 2024 and 2026. This will mark a drop over the previous average of €13.7 billion. Over the same time period, while Enel SpA (OTCPK:ENLAY) aims to reduce its power generation spending by €5 billion, it aims to grow grid investments by €4 billion. Consequently, the ability to use high power rates to recuperate its grid investments should play a key role in the stock’s future.

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