Voltalia : Turbulence!
>Rating downgraded to Neutral (vs Outperform) and target price adjusted to € 13.2 (vs € 20.3) - After H1 2023 revenues that came in slightly ahead of our expectations (€ 198.9m vs € 188.7m) last July, driven by growth in installed capacities (+38.5% vs H1 2022), and by better wind power resources in Brazil (utilisation rate of 34.9% vs 30.2%) and to a lesser extent in France, the first-half earnings report is disappointing on several levels. It reflects a lack of int...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.
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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