Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

E.ON : The risks now look to be on the downside

>A performance well below its benchmark to date - After company contact, we think that the decisions that are currently being taken at a European level are heading in the right direction to limit risk on E.ON’s investment case. After a decline of 25% YTD, whereas the utilities sector has lost just 11.5% since the beginning of the year, we do not think that investors have sufficiently factored in the positive developments planned for the coming winter and we recommend ...
Underlying
E.ON SE

E.ON is an investor-owned energy company. The Generation global unit consists of all Co.'s existing (fossil and nuclear) generation assets in Europe. The Renewables unit is engaged in managing Co.'s carbonsourcing and renewables businesses. The Global Commodities unit buys and sells electricity, natural gas, liquefied natural gas, oil, coal, freight, biomass, and carbon allowances. The Exploration & Production unit is a active in the focus regions of the North Sea (U.K., Norway), Russia and North Africa. The New Build & Technology unit include Co.'s project-management and engineering operations to support the construction of new power plants and the operation of existing 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
Louis Boujard, CFA

Philippe Ourpatian

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