NEOEN : H1 2020 sales, lights nearly all on green!
>Neutral rating and target price of € 26.7 maintained - Following the publication of H1 2020 sales that were broadly in line with our expectations and were buoyed by an exceptional event, we maintain our Neutral rating and our target price of € 26.7. Our target price is based on the average of a sum-of-the-parts (€ 28.8) and a DCF (€ 24.5, WACC of 5.9% in line with that used at the date of the IPO and an unchanged rate of perpetual growth at 1.80%) which factors in al...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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