EDP Renovaveis : H1 2020 broadly in line with no change in trajectory
>Reduce recommendation maintained and target price adjusted to € 11.0 (vs € 10.0) - EDPR’s H1 2020 results on a recurring basis were broadly in line with our forecasts. Note that the scope of consolidation had a significant impact, since as part of its asset rotation policy and EDPR sold 949 MW in Europe and 137 MW in Brazil. The group suffered in H1 2020 from wind conditions close to those in H1 2019, with a capacity utilisation rate stable down 100bp to 32%, i.e. a ...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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