NEOEN : A good first quarterly publication in line with 2021 targets
>Neutral recommendation and target price of € 19.7 maintained - The group’s first quarterly revenue publication was in line with our forecasts. With regards to the MW under construction at end-March 2019 vs 2018 (1.1 GW vs 0.7 GW) and the group’s capacity to continue to develop its portfolio of projects (0.9 GW vs 31 December 2018), the 2019-2021 business plan appears to be on track. Note that the guidance for 2019 and 2021 has once again been confirmed. This reassuri...Neoen SA Formerly known as Neoen Sas. Neoen SAS is a France-based company specialized in the renewable energy sector. The Company operates, finances and develops a number of power plants from a variety of energy sources, including Solar, wind and Biomass. Its portfolio of power plants includes providencia, ombrineo, degrussa, cestas, ygos, luxey, geloux, seixal, cabrela, coruche, hornsdale I, bussy-lettree, raucourt II, villacerf, bais et trans, reclainville, chapelle vallon and la montagne. Apart from France, the Company is present in many other countries such as Portugal, Australia, Australia, Jordan, Zambia, Mozambique, Argentina, Jamaica, Mexico, Egypt and El Salvador, among others.
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.
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