NEOEN : Revision to the model linked to the calendar of service launches and the reduction in the cost of financing
>Target price raised to € 43 (vs € 32.7) and Underperform maintained - Following our discussions with management at the ODDO BHF Forum and the sales release at end-September 2020, we have revised our forecast model based on the latest operational data. The factoring in of delays on a number of projects, resetting of investment and the changes to the financing rate prompts us to revise our forecasts for 2020-2023 EPS by an average of +1.0%. In terms of valuation, we ha...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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