(News Bulletin 247) – Oddo maintains its ‘outperformance’ rating for Neoen shares, with a price target lowered from 44.5 to 35.5 euros, following the €750 million capital increase and the dilution it engenders.
This fundraising falls within the framework of the 2023-2025 strategic plan which expects, by this horizon, to reach 10 GW in operation or under construction for a cumulative equity contribution of 1.35 MdE.
‘Taking into account the creation of new titles leads us to adjust our 2023/2027 EPS sequence by -23.4%’, indicates Oddo
According to the analyst, the finalization of this fundraising will allow investors to refocus on the operational trajectory by 2025.
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