Accueil > Actualité
Actualite financiere : Actualite bourse

Neoen: stock up on broker comments

(CercleFinance.com) - The Neoen share is in the lead in the SBF 120 index on Thursday following positive comments from JPMorgan, which added the stock to its list of stocks to watch ("catalyst watch").


While it acknowledges that it does not necessarily prefer renewable energy specialists at the moment, the broker highlights its positive trend, thanks to projects delivered on time and rising electricity prices.

Renewable electricity operators will be able to sell their electricity on the markets, which are currently at their highest, for 18 months in order to be able to make returns on their investments.

JPMorgan says that this could support Neoen's share price until the release of its 2022 annual results on 28 February.

In general, the analyst notes that the current energy crisis and its repercussions on electricity tariffs are beneficial for the company.

Although it has raised its target price for the stock from 37.5 euros to 41 euros, JPMorgan nevertheless maintains a "neutral" rating on the share, explaining that it currently prefers integrated energy players such as Engie or RWE.

The stock is currently up 3.5% in Paris.


Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.