Neoen : 2024 trajectory in line with our estimates
>Outperform rating and target price of € 35.5 maintained - Neoen reported performances that fell slightly short of our expectations but which were in line with the consensus. The group is rolling out its strategic plan for increasing installed capacity in operation (5 GW end-2023), signing contracts for its volumes (89% of capacities in operations) and increasing its project portfolio (18.6 GW vs 11.9 GW end-2022). The group has secured 90% of its 2025 target of 10 GW...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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