NEOEN : 9M 2021 sales in line and delay to target for 5 GW in operation to 2023 vs 2022
>Outperform recommendation and € 41.5 target price maintained - 9M 2021 sales were broadly in line with our forecasts despite the absence of the publication of operational data ahead of the quarterly release. Whilst the group has confirmed its guidance for 2021, it has pushed back to 2023 vs 2022 its target to achieve 5 GW of installed capacity in operation in order to factor in the risks inherent in inflation on construction costs (generation assets and transport) st...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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