NEOEN : Q1 in line, 2021 targets confirmed, an attractive entry point
>Upgrade to Outperform vs Neutral, target price raised to € 39.5 vs € 46.6 - We take advantage of the publication of the Q1 2021 performance to raise our rating to Outperform from Neutral. For a segment hit by the bursting of the EFT bubble, the current legitimate fears on the medium-term return and the supply risk, we are thus now materialising our view of a return of flight-to-quality in the renewable segment. We have also taken into account the result of the capita...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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