Neoen : A CMD which clarifies the 2025 trajectory, but leaves uncertainties
>Outperform recommendation maintained and target price unchanged at € 44.5 - Operational results for 2022 were in line with our forecasts and those of the consensus, even though attributable net profit came in below forecasts due to the increase in financial charges. In addition to this publication was the anticipated strategic update. We think that the strong negative reaction (-13.9%) was due to three reasons: 1/ the second tranche of the capital increase has been i...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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