Verbund : Too soon to return to the stock
>Fall in prices in Europe... uncertainty focuses on 2021 - Verbund is currently (as of mid-March) 75%-hedged at € 44.5/MWh for 2020 and 27%-hedged at € 44.1/MWh for 2021. Electricity prices in Austria (and throughout Europe) are currently under pressure: deliveries in Austria at € 27.1/MWh for Q2 2020 and € 31.7/MWh for Q3 2020, while CAL 21 for 2021 stands at just € 39/MWh). A substantial part of the price decrease is linked to the drop in demand which is estimated a...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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