Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Voltalia : A road show that confirms the 2023 trajectory

>Neutral recommendation and target price of € 22.0 maintained - After the virtual road show that we organised with management and aimed at non-French speaking European clients (Swiss, German and Belgium), we are maintaining our Neutral recommendation and our target price of € 22.0. This is based on a DCF approach with medium-term growth of 400 MW per year beyond 2023 (€ 23.4/share) and an SOTP (€ 20.7/share) factoring in the 2.6 GW strategic trajectory. At the current...
Underlying
Voltalia

Voltalia. Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes in carbon credit trading activities. The Company operates several subsidiaries, including Anelia and Bio-Bar in France, Voltalia Guyane, SIG Kourou, SIG Mana and SIG Cacao in French Guyana, Voltalia Energia do Brasil in Brazil, Thegero in Greece and Alterrya Maroc in Morocco, among others. The Company is owned by Voltalia Investissement SA.

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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