EDP Renovaveis : A road show that leads us to adjust our model
>Neutral rating maintained, 2024-2026 EPS lowered and target price adjusted to € 17.0 - We took the opportunity of a road show in Paris with the CFO and investor relations team to adjust our model and fine-tune our 2024-2026 in order to factor in the latest elements related to this trajectory. As the group mentioned at the 2023 earnings publication, the 2024 guidance is based on production of 40-42 TWh and an average captured price of € 53-55/MWh. For 2025 and 2026, w...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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