Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

ERG : Energie Renouvelable Gagnante

Avec un profil opérationnel reposant sur un développement plus mesuré que ses concurrents (+600 MW d’ici à 2022 pour atteindre 3.6 GW), une résilience de ses performances et une structure financière peu leveragée, ERG est un groupe d’énergies renouvelables différent. Il offre une sécurité avec sa présence uniquement en Europe, ainsi que le rendement le plus élevé du segment (3.9%) grâce à un couple croissance/rentabilité qui lui permet une véritable politique de dividendes. Par a...
Underlying
ERG S.p.A.

ERG is engaged in the generation of energy from renewable sources and from thermoelectric plants, in the marketing of electricity, steam and gas, in the refining, marketing and distribution of petroleum products both in Italy and abroad. Co., also through its own subsidiaries and joint ventures with primary international operators, operates in the following segments: renewable energy sources, under which Co. operates through its ERG Renew S.p.A. subsidiary in the wind power generation business; power and gas, which includes the production and marketing of electric energy, steam and gas; and refining and marketing, which includes the results of Coastal Refining and Integrated Downstream.

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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