Elia Group : Time is right to look at upside potential again
Elia Group is on track with its large capex (€ 4.7bn) and funding roll-out for 2024, making it also lift in its earnings outlook for the year. Having underperformed the general equity market year-to-date by around 23%, the time in our view now is right to start looking again at the Elia Group share. Assuming that (1) the new CEO will be presented before end of 24Q3, (2) an updated larger capex plan in 24Q4, and (3) the long awaited equity raise to be government supported in 25H1...Elia System Operator develops, operates and maintains very-high-voltage (380 kV, 220 kV and 150 kV) and high-voltage (70 kV, 36 kV and 30 kV) networks, providing its customers with consultancy and engineering services. Whether in Belgium, Germany or elsewhere in Europe or the U.S., Co. ensures that electricity flows reliably from energy producers to distributors and large corporate customers. Co.'s main activities include transmission operator, system operator and market facilitator, developing and maintaining grid infrastructure, connecting electrical installations to grids, providing transparent access to grids, while taking initiatives to improve electricity market operations.
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.