Renewable Weekly – 20 February 2025

This week, we summarise this week's most important newsflow on the companies under our coverage.

From recovery to acceleration

Ceres Power: Bosch exits strategic partnership

Ceres Power announced yesterday that its partner and major shareholder Bosch intends to end its partnership after a broad revision of its strategic focus and a thorough realignment regarding fuel cell technologies. As a consequence, Bosch is planning to (i) discontinue its operations and investment

Delivery Hero: Southeast Asia remains an issue

The recent Momentum Works' annual Asian update showed a continuous market share loss across Southeast Asia for Delivery Hero, reviving debate about this underperforming and loss-making unit. We continue to believe that a sale at any price or even a pure exit would eventually be positive for Deliver

Schneider: strong Q4 beat, FY25 guidance above consensus on growth and margin

Schneider exceeded Q4 revenue expectations, posting 12.5% organic growth vs css at +7.9%, driven by a broad-based regional outperformance, EM strength and softer-than-expected IA weakness. H2 2024 adj. EBITA margin landed 40bps above css at 18.5%, bringing FY24 to 18.6%, 30bps ahead of the upper-en