Saeta Yield: We expect a strong RECAFD in the 9M17 results
Saeta Yield: We expect a strong RECAFD in the 9M17 results
- Expect lower generation and higher sales
- … and sound operating results
- The strong RECAFD is the name of the game
- Our Buy recommendation is unchanged
The expected strong 9MH17e results and the recent acquisitions demonstrate the success of Saeta’s business model and equity story and reinforce our Buy recommendation. Our target price is unchanged at €12.65.
Saeta Yield SA is a Spain-based company engaged in the utility industry. The Company specializes in the production of energy from renewable sources. Its business activities are divided into two segments: Solar thermal plants and Wind farms. The Solar thermal plants segment comprises solar energy generation installations in Spain. The Wind farms sector is responsible for the operation of a range of wind farms located in various countries, including Spain, Uruguay and Portugal. It cooperates with Actividades de Construccion y Servicios SA (ACS). Furthermore, the Company is a parent of a number of entities, such as Extresol 1 SL, Al-Andalus Wind Power SL, Parque Eolico Valcaire SL, which are active within the energy production sector.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.