Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

EDP Renovaveis : Un S1 20 globalement en ligne, 2020 sans changement de trajectoire

>Opinion Alléger maintenue et OC ajusté à 11.0 € vs 10.0 € - Les performances récurrentes du S1 20 sont ressorties globalement en ligne avec nos estimations. Notons que les effets de périmètre sont significatifs, puisque dans le cadre de sa politique de rotation d’actifs, EDPR a cédé 949 MW en Europe et 137 MW au Brésil. Le groupe a pâti sur le S1 20 de conditions de vent proches de celles du S1 19, avec un taux d’utilisation des capacités en baisse 100 pb à 32%, soit...
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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