Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

NEOEN : Second asset rotation

>Outperform rating and € 41.5 target price maintained - Following the announcement on 23 September, the group has just issued a press release concerning its second asset rotation deal (farmdown) which relates to two small solar plants in France with 21.7 MWp of cumulative installed capacity, in line with its strategic guidance. This does not alter our Outperform rating which is still based on a renewed flight to quality in the renewables segment, along with potential ...
Underlying
Neoen S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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