Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Uniper : Market conditions that change the economic balance

>Momentum on the thermal market - Conditions on the German market at the year-end were exceptional in terms of both price and volatility. While this situation was judged to be temporary, it is persisting and starting to impact earnings forecasts for the coming years. In December alone in a context of very high prices, renewable energy production in Germany was up just 2% thanks to a contribution of +7% from onshore activities and +5% from solar, but penalised by weak ...
Underlying
Uniper SE

Uniper SE is a Germany-based energy generation and energy trading company. The Company operates through three segments: European Generation, Global Commodities and International Power Generation. The European Generation segment generates power and owns coal, gas, oil and combined gas and steam power plants, hydroelectric power plants, nuclear power stations in Sweden, a biomass plant in France, as well as solar and wind power facilities; the Global Commodities segment bundles the Company's energy trading activities, as well as its gas storage and supply business, and the International Power Generation segment comprises equity investments in energy generation companies in the Russian Federation and Brazil.

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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