EDP Renovaveis : Adjustment to our 2022 expectations ahead of the earnings release
>Neutral rating and target price of € 18.80 maintained - Ahead of the 2022 results release scheduled for 28 February 2023, we take advantage of the publication of the operating performances and the group most recent press releases from January 2023 to adjust our estimates for 2022. Several factors lead us to lower our estimates by 42.7%. As well as the real production figures published on 25 January, this revision also takes into account the impact of additional taxes...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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