Report
Anis Zgaya ...
  • Louis Boujard, CFA

ENGIE : Company contact. Temporary constraints

>Tough period after the summer break - In an environment of rising energy and CO2 prices, Engie has delivered a disappointing m-o-m performance with a 8.6% decline in the share price, whereas the utilities sector as a whole showed a decline of 4.3% and whilst the sub-segment sensitive to market prices (EDF, Verbund, Fortum and RWE) delivered an average performance of +3.2%. In our view, economic uncertainty in Brazil, which is leading to pressure on forex, as well as ...
Underlying
ENGIE Brasil Energia S.A.

Engie Brasil Energia is a power plant operating and development group based in Brazil. Co. is engaged in developing and operating power plants, as well as operations in active energy trading. Co. maintains plants installed in Brazil's five regions, namely in the following states: Rio Grande do Sul, Santa Catarina, Parana, Sao Paulo, Minas Gerais, Mato Grosso do Sul, Mato Grosso, Goias, Tocantins, Maranhao, Piaui and Ceara. The installed capacity of Co.'s generating complex is 7,024 MW. The complex is composed of 26 plants; Nine hydroelectric power plants, five thermoelectric and twelve complementary plants: three biomass, six wind and three Small Hydroelectric Power Plants.

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
Anis Zgaya

Louis Boujard, CFA

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