NEOEN : Volume effect in Q1 2022 confirms growth focus
>Outperform rating and € 41.5 target price maintained - Following Neoen’s Q1 2022 sales which were broadly in line with our expectations (no FactSet or Visible Alpha consensus), we maintain our Outperform rating which is still based on our vision of a return to flight to quality in the renewables segment plus the potential for M&A in the wake of the recent movements impacting Solarpack, Falck Renewables and Eolia Renovables. After updating our market metrics, our targ...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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