Report
Anis Zgaya ...
  • Philippe Ourpatian

Solaria : Q1 2022 buoyed by capacity and prices, 2025 trajectory confirmed

>Neutral recommendation unchanged but target price raised to € 23.2 vs € 18.9 - At the publication of the Q1 2022 performance, which beat our forecasts and the consensus, we reiterate our Neutral recommendation based on caution with regards to the group’s medium-term ambitions. The update to installed capacity prompts us to adjust our target price to € 23.2 vs € 18.90, which factors in a target of 6.2 GW in Spain in 2025, based on a DCF (€ 20.6) and a sum-of-the-parts...
Underlying
Solaria Energia y Medio Ambiente S.A.

Solaria Energia y Medio Ambiente manufactures both solar and thermal cells and panels, rolls out turnkey projects for large installations, operates solar plants and generates electricity through its owned plants.

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
Anis Zgaya

Philippe Ourpatian

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