At around 09:50 in Lisbon, the PSI was maintaining its initial upward trend, advancing 0.96% to 8,150.46 points, against a new high since January 2010, of 8,484.01 points recorded on November 5, with nine stocks rising, five falling, and two remaining steady (Corticeira Amorim at 6.51 euros and Sonae at 1.41 euros).
On Wednesday, EDP announced it had signed a $500 million agreement (approximately 433 million euros) to develop and construct a solar project in the USA for the American group WEC Energy.
The operation, conducted through EDP Renewables North America, will involve “building and developing a 225 MWac [megawatts of alternating current] solar project,” according to a statement sent to the Securities Market Commission (CMVM).
The project, equivalent to approximately 300 MWdc [megawatts of direct current], will be located in Wisconsin and is expected to commence operations in 2028, the same year the transaction will be completed, pending final approval from the Wisconsin Public Service Commission.
This marks the fourth such agreement EDP has secured in the USA since 2019, strengthening, according to the company, the group’s strategic positioning in the American green energy market through its renewables arm (EDP Renováveis).
Following the two EDP stocks, BCP, Altri, and Galp also saw increases, specifically 1.04% to 0.80 euros, 0.78% to 4.53 euros, and 0.59% to 17.89 euros.
Teixeira Duarte, Jerónimo Martins, and Ibersol shares also climbed, by 0.59% to 0.65 euros, 0.56% to 21.66 euros, and 0.48% to 10.45 euros, respectively.
Similarly, REN shares appreciated 0.45% to 3.32 euros.
Conversely, Mota-Engil, Navigator, and Semapa shares fell 0.59% to 5.08 euros, 0.40% to 2.96 euros, and 0.23% to 17.08 euros, respectively.
The remaining two stocks that declined were CTT (-0.14% to 7.07 euros) and NOS (also -0.14% to 3.69 euros).
Major European stock exchanges opened higher today, buoyed by the surprising results posted by tech company Nvidia, which exceeded expectations and alleviated fears of an Artificial Intelligence (AI) bubble.
Nvidia announced on Wednesday, after markets closed, that it had achieved a profit of $31.91 billion in the first nine months of the fiscal year, from February to October, a 65% increase over the previous year, thereby soothing concerns about the potential AI bubble.
Wall Street futures rose with significant gains of 1.73% for the Nasdaq and 0.61% for the Dow Jones, following Nvidia’s results that surpassed market expectations.
At this moment, Nvidia’s stock is up 5.48% in futures trading, with the share price at $196.68.
Wall Street will also interpret the outcomes of the minutes from the last U.S. Federal Reserve (Fed) monetary policy meeting, released on Wednesday, which highlighted the division among its members regarding a potential new rate cut in the upcoming December meeting.
The official U.S. employment report for September, which will be published today, will be critical for the Fed’s next monetary policy decision.
Brent crude, the European oil benchmark for January 2026 delivery, is advancing to $63.90, up from $63.51 on Wednesday.
The euro fell to $1.1518 in the Frankfurt foreign exchange market, down from $1.1576 on Tuesday and the new four-year high of $1.1865 recorded on September 16.
