Neoen : H1 2023 bang in line with our estimates, 2023 guidance reiterated
>Outperform recommendation and € 35.5 TP maintained - H1 2023 performances were bang in line with our estimates, boosted by the addition of new capacity and the advantage of pre-PPA sales and despite a lower level of wind and solar power, a return to normal in the storage business, and some technical difficulties. Management confirmed its 2023 and 2025 guidance with development progress that supports its targets. We maintain our target price of € 35.5 which is still ...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.
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