Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Voltalia : Clarifying the parameters of the 2027 trajectory and restoring confidence

>Outperform rating maintained but target price adjusted to € 20.3 vs € 23.7 - The publication of 2022 performances below our forecasts and those of the consensus has triggered an understandable negative reaction from the market. Although at the two conference calls (for investors and analysts covering the stock), the group provided some clarity, many questions about the 2022 accounts remain unanswered. It seems to us that management has a good understanding of the nee...
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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