PNE AG : Revision of our estimates. Buy reiterated, target price lowered
>Update to the calendar for the sale of major projects - After the publication of 9M 2018 results and ahead of the Oddo-BHF Midcap Forum in Lyon, which will be held on 10-11 January 2019, we are adjusting our estimates for PNE by integrating the group’s latest forecasts regarding the timeframe for the sale of major projects (the Chilocco portfolio of 200 MW in the US and the European portfolio of 200 MW). We are also integrating the 174 MW project in Poland announce...PNE Wind is engaged in the development of wind farm projects in several countries in Europe, South Africa and North America. In addition to developing wind farm projects on land (onshore), Co. is also engaged in the development of wind farm projects at sea (offshore). As a project developer, Co. is involved in various stages of the development of a wind farm: from the identification of a site to the realization and operation of the wind power turbines. For offshore wind farms, Co. develops them up to the point where they are ready to construct and then sell them prior to construction. Co. operates in two segments, projecting of wind power turbines and electricity generation.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.