EDP Renovaveis : Q1 2020 broadly in line, 2020 with no change in trajectory
>Reduce recommendation and target price of € 10.0 maintained - Q1 2020 performances, on a recurring basis, were broadly in line with our estimates. Note that the scope of consolidation had a significant impact on the quarter in terms of operating performance in July 2019, since as part of its asset rotation policy it sold 997 MW in Europe, 199 MW in the US and 137 MW in Brazil. The group suffered in Q1 2020 from wind conditions comparable to those in Q1 2019, with a c...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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