Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

NEOEN : First asset rotation operation

>Outperform recommendation and target price of € 41.5 maintained - The group has just announced its first asset rotation operation (farmdown) which concerns two small solar farms in France with cumulative installed capacity of 11 MWc. This deal is in line with the group’s strategic guidance. This has no impact on our Outperform recommendation still due to our expectation of a return to a flight to quality in the renewable energy segment. Our target price remains at € ...
Underlying
Neoen S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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