Verbund : A merchant profile that is well-adapted to meet “green” targets
After an atypical year marked by an unprecedented slump in electricity consumption, the conditions have come together for electricity prices to resume an upward trajectory. In our view, the ecological shift enshrined in the European stimulus plans will be conducive to a return to earnings growth. The “green” premium is set to underpin the stock, bearing in mind that consensus revisions are now geared more to the upside. Rating raised to Buy from Reduce, with the target price rais...Verbund is a public utility company engaged in the generation and transmission of electricity from subsidiaries' hydro and thermal power stations located throughout Austria. Through its subsidiaries, Co. is involved in the planning and construction of water systems, hydroelectric power plants, river structures, sewage disposal systems, and high voltage transmission towers and lines. Co. generates, trades and sells electrical energy to power exchange buyers, traders, energy supply companies and industrial companies as well as households and commercial customers.
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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