NEOEN : A reassuring message in our virtual roadshows
>Neutral rating and target price of € 26.7 maintained - Following two virtual road shows held with the management, we maintain our Buy rating and our target price of € 26.7. Our target price is based on the average between a sum-of-the1eparts (€ 28.8) and a DCF (€ 24.5, WACC of 5.9% and perpetual growth rate unchanged at 1.80%) which factors in the entire 5 GW development plan out to 2022 (WACC changed to 5.9% in line with that used at the IPO).A reassurin...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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