Terna TERRF TRN IM Harry Wyburd Veolia VEOEF VIE FP Pinaki Das Veolia VEOEY VEOEY US Pinaki Das Vestas VWSYF VWS DC Pinaki Das NEUTRAL Acciona ACXIF ANA SM Pinaki Das Drax Group Ltd DRXGF DRX LN Fraser McLaren E.ON ENAKF EOAN GR Peter Bisztyga E.ON EONGY EONGY US Peter Bisztyga Gas Natural Fenosa GASNF G

(up) ••• Citi upgrade SESG FP,UBS upgrade GFC FP, downgrade LAD LN, CS downgrade LRE LN, upgrade TSCO LN ••• GS upgrade SPM IM, EMGS NO, downgrade ANA SM, BofAML downgrade ASELS TI, Shorcap upgrade TSCO LN EFTA00394117 • SocGen upgrade YKBNK TI, initiate GIB GY (b), Natixis downgrade EDP PL, upgrade