2016 Earnings Preview
Gamesa will report its 12M16 results on 23rd February after the close, to be followed by a conference call.
We are expecting a continuation of the impressive growth rates witnessed in the last quarters. Our estimates have been slightly revised upwards to reflect the new guidance. This minor revision does not alter our target price, that stays unchanged at €21.16 and combines a stand-alone valuation (DCF based using a 7.9% WACC) of €19.3 per share and €1.86 per share for SIE Wind and merger synergies.
Siemens Gamesa Renewable Energy is a holding company. Through its subsidiaries, Co. is engaged in the business of renewable energy sources, primarily wind power but also including solar energy where its acts as a supplier and manufacturer of technological products, installations and services. Co. is organized along the lines of: promotion, construction and sale of wind farms, engineering, design, manufacture and sale of wind turbines, manufacture of thermic and photovoltaic solar components, promotion and sale of photovoltaic solar farms. Co. also participates in both Spanish and European working groups aimed at establishing priorities for its sector's research & development work.
Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.
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