Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Neoen : Go for 2025

>Outperform rating maintained, 2023-2027e EPS -23.4% and target price adjusted to € 35.5 vs € 44.5 - Following the completion of the € 750m capital increase, we have adjusted our estimates and target price for the dilution in the number of shares. This fund raise is part of the 2023-2025 strategic plan which, at this horizon, aims to achieve 10 GW in operation or under construction for a cumulative equity contribution of € 1.35bn. Factoring in the creation of new shar...
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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