EDP Renovaveis : Real light at the end of the tunnel
>Neutral rating and target price of € 16.5 maintained - The H1 2024 performance was in line with forecasts. As expected, the first half was marked by the decline in production, which nonetheless suggests an improvement in operating conditions in North America and in Europe in a price environment that has stabilised at last. The group has confirmed its guidance for 2024. In the medium term, the increase in forward prices in the Iberia zone is firming up, the group coul...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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