NEOEN : 2019 in line, but the health care crisis is delaying operations
>Neutral rating maintained but target price adjusted to € 26.7 vs € 28.0 - Despite 2019 results being fully in line with our estimates, in the trajectory outlined for 20201e2022, the group factored in the consequences of the current public health crisis for its operations. It changed the balance of its guidance for 5 GW in operation or under construction in 2022, reducing the volume of installed capacity at the end of 2021, and put back the € 400m EBITDA target to 2022...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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