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Louis Boujard, CFA ...
  • Philippe Ourpatian

NEOEN : Un bon S1 22, mais une valorisation qui tangente le plafond de verre

>Opinion Neutre vs Surperformance et OC ajusté à 44.5 € vs 41.5 € - A l’issue de la publication des résultats semestriels, qui sont ressortis au-dessus de nos attentes, portés par la croissance organique et dans un moindre mesures la trajectoire haussière des prix de gros, nous abaissons notre recommandation à Neutre vs Surperformance. En dépit de notre vision d’un retour au « fly to quality » dans le segment renouvelable, nous considérons que la valorisation actuelle...
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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