Neoen : Q1 2023 sales in line, guidance for 2023 and 2025 confirmed
>Outperform recommendation and target price of € 35.5 confirmed - Following the Q1 2023 sales publication which was broadly in line with our estimates (no FactSet or Visible Alpha consensus, no preliminary publication of operating data), we are sticking with our Outperform recommendation and target price of € 35.5, still based on an average between a SOTP (€ 35.4) and a DCF (€ 35.6 and perpetual growth rate unchanged at 1.80%). Management’s confirmation of the 2023 an...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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