Report
Bruno Cavalier

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/01/2022

Acciona is an infrastructure operator that is mainly focused on renewable energy. It holds an 82.7% stake in Acciona Energía and a 41% stake in Nordex, both listed companies. The company maintains a strong financial situation and high financial flexibility thanks to the nature of the assets, especially regarding Acciona Energía. We believe the non-quoted businesses, the so-called ‘stub’, are undervalued by c. €150m, something that could be taken advantage of by structuring a long posi...
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
Bruno Cavalier

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