NEOEN : 9M 2022 sales boosted by pre-PPA and prices, 2022 EBITDA guidance upgraded
>Outperform recommendation and € 44.5 TP maintained - After 9M 2022 sales beat our estimates and the consensus, boosted by volumes produced in assets that came on stream ahead of schedule and high market prices, we maintain our Outperform recommendation and target price of € 44.5. The group is executing its strategy in terms of installed MW development as well as geographic and technological coverage with storage. Management raised its 2022 EBITDA guidance range by € ...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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