Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

NEOEN : 2019 revenues in line and a solid commissioning trajectory

>Neutral rating maintained and target price increased to € 28.0 vs € 23.6 - The group’s 2019 revenues were broadly in line with our expectations at € 253.2m vs our estimate of € 258.9m est. Note that the group has deconsolidated its biomass business under discontinued activities. At the end of 2019, in view of the net MW in operation (1,610 MW) and the capacity under construction that will be commissioned in 2020, i.e. 1.152 GW, the group should have close to 2.8 GW i...
Underlying
Neoen S.A.

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.

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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