EDP Renovaveis : A rather orthodox Christmas present
>Neutral recommendation and target price unchanged at € 18.80 - Yesterday morning the group announced its estimate for the fiscal impact of the windfall taxes put in place in Poland and Romania. All told, before the factoring in of any compensation, the impact on EBITDA is -€ 300m. We have factored this impact into our estimates for 2023 (i.e. an impact on EPS of -61.3%), which will inevitably be revised at the new strategic update at the time of the publication of 20...EDP Renovaveis is a renewable energy company based in Spain. Co. is engaged in activities related to the electricity sector, namely the planning, construction, operation and maintenance of electricity generating power stations, especially hydroelectric, mini-hydroelectric, wind, solar, thermal solar, photovoltaic, biomass and waste plants, among others. Co. designs, develops, manages and operates power plants. Co. generates electricity using renewable energy sources mostly wind energy. Co. owns EDP Renewables Europe that operates in several European countries and Horizon Wind Energy, which operates in the United States. Co. is a part of the Energias de Portugal group.
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.
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