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Louis Boujard, CFA ...
  • Philippe Ourpatian

EDP Renovaveis : Un exercice 2020 en recul, mais des espoirs pour le CMD de ce jour

>Recommandation Sous-performance maintenue et OC ajusté à 12.5 € - Les performances récurrentes du 2020 sont ressorties en deçà de nos attentes. Notons que les effets de périmètre sont significatifs, puisque dans le cadre de sa politique de rotation d’actifs, EDPR a enregistré 434 M€ de plus-values intégrées à l’EBITDA récurrent. Ces éléments concernent des cessions de parcs renouvelables aux Etats-Unis et en Espagne mais aussi le transfert de projets éoliens maritime...
Underlying
EDP Renovaveis SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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