NEOEN : 9M 2019 revenues a shade above forecasts and tightening of 2019 guidance
>Neutral recommendation and target price of € 23.6 maintained - The group’s 9M 2019 revenues came in a shade above our forecasts. Note that the group deconsolidated its biomass business under discontinued activities. In view of the MW under construction at end-September 2019 vs 2018 (1.118 GW vs 0.764 GW) and the group’s capacity to continue to develop its portfolio of projects (2.1 GW vs 31 December 2018), the 2019-2021 business plan is on track. Note that guidance f...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.