EDP Renovaveis : H1 results in line with the consensus and focus on growth
>Underperform maintained but TP raised to € 16.3 vs € 15.3 - Following the release of H1 2021 results in line with consensus estimates but below our forecasts (shortfall in the US EBITDA margin), we are maintaining our Underperform recommendation based on potential relative to the sector but raising our target price to € 16.3 vs € 15.3, the average of our DCF of € 15.7 (WACC of 5.39% and perpetual growth of 1.8% unchanged) and our sum-of-parts of € 16.9. At the curren...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.