EDF: BarCap keeps 'Overweight' rating before PPE law
(CercleFinance.com) - Barclays Capital (BarCap) reiterates its "overweight" recommendation on the EDF stock, along with its target price of 13.
5 euros, while a first outline of the Multiannual Energy Plan (PPE) is set to be introduced in the coming weeks.
The broker stresses that this new regulation will lay down the rules for the French electricity sector for the next 10 years, including specific targets for the generation capacity of different sources of electricity (nuclear, coal, gas, renewable).
It believes that the advantage and clarity in the life of nuclear assets, as well as opportunities presented by renewable energy, should act as positive catalysts and remove political and regulatory uncertainties, the broker said.
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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.
5 euros, while a first outline of the Multiannual Energy Plan (PPE) is set to be introduced in the coming weeks.
The broker stresses that this new regulation will lay down the rules for the French electricity sector for the next 10 years, including specific targets for the generation capacity of different sources of electricity (nuclear, coal, gas, renewable).
It believes that the advantage and clarity in the life of nuclear assets, as well as opportunities presented by renewable energy, should act as positive catalysts and remove political and regulatory uncertainties, the broker said.
Copyright (c) 2018 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.