'Best EU play on US power demand,' EDPR rises after Jefferies upgrade

** Shares in EDP Renovaveis (EDPR) EDPR rise around 3% after Jefferies upgrades the Portuguese wind energy producer to "buy" from "hold"

** "We see EDPR as the best way across EU Utilities to play US power demand upside," the broker says in a note

** Jefferies says it believes that power scarcity driven by AI/data centers demand in the U.S. could drive up offtake prices and EDPR could benefit the most given its highest US renewables exposure across European utilities

** It estimates the company's EPS growing 28% CAGR in 2025-2028

** Out of 25 analysts that cover EDPR, 16 rate the stock "strong buy" or "buy", ​seven rate it "hold" and two​ rate it "strong sell" or "sell" - LSEG data