Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Acciona Energia : More bark than bite

>Outperform recommendation maintained. TP adjusted to € 45.0 from € 42.3 - 1H results came in well above our estimates and the consensus, propelled mostly by a price effect. Despite 290MW that were supposed to come onstream in 2022 being pushed back to 2023, resulting in installed capacity growth of +540 MW (vs +830 MW previously expected), 2022 should see an exceptional performance thanks to energy prices. Management is still guiding for 20 GW by 2025 and more than 3...
Underlying
CORPORACION ACCIONA ENERGIAS RENOVABLES SA

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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