EDP Renovaveis : Ahead of the 2 March CMD, good news on taxes
>Neutral rating confirmed; target price unchanged at € 18.80 - Following the conference call to present the 2022 results, which came in slightly above our expectations, and pending the strategic update on 2 March, we note two major features of management’s message, namely a downward revision of the negative impact (-€100m vs -€300m) of the price cap measures in Poland and Romania, sparking a significant revision of our 2023e EPS (a tax considered by the group as an op...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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