NEOEN : Q1 2020 sales boosted by turbulent weather in Australia
>Neutral recommendation and target price of € 26.7 maintained - Following the publication of Q1 2020 sales that beat our expectations and were buoyed by an exceptional event, we are maintaining our Neutral recommendation and our target price of € 26.7. Our target price is based on the average between a sum-of-the-parts (€ 28.8) and a DCF (€ 24.5, WACC of 5.9% and perpetual growth rate of 1.80%) which factors in the entire 5 GW development plan out to 2022 (WACC chang...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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