Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

NEOEN : Third upgrade to EBITDA guidance for 2022

>Outperform rating and € 44.5 target price maintained - Neoen has for the third time raised its 2022 EBITDA guidance, to slightly above € 410m (vs a previous range of between € 390m and € 410m). In its press release, the group also mentioned an acceleration in its developments with, in Q4 2022, the launch of the construction of 1 GW of solar, wind and battery projects. We have upgraded our EPS estimate by 5.2% to take account not only of the EBITDA guidance upgrade, b...
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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