Report

Encavis Company News - Capital Markets Day: outlook confirmed, pipeline update

Management confirmed the 2025 targets, would see some upside if high electricity prices persist for longer than this winter
1.5 GW of mid- and late-stage projects onboarded, could be realised until 2025
Lower end of full pipeline (3.5 GW) probability weighting (1.1 GW) in line with RBIe 2025/26e mid-range of 1,083 MW, higher end of probability weighted pipeline of 1.85 GW a significant upside
So far PPA price increases cover for higher module and logistics cost
Underlying
Provider
Raiffeisen Bank International AG - Institutional Equity
Raiffeisen Bank International AG - Institutional Equity

The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.

The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

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