(CercleFinance.com) – The stock ended the day down 2%. AlphaValue today downgraded its recommendation on the stock to ‘reduce’ versus ‘accumulate’ so far, following the downgrade of the electrician’s nuclear production estimate in France for 2023 .
‘Although significant, the impact for 2023 is much less than that of the downward revision of its nuclear generation forecast for 2022, which dates from a few weeks ago, due to a lower proportion of production already sold in the future’, explains the design office.
However, with an impact estimated at 0.4 euro per share, its recommendation is mechanically lowered, underlines AlphaValue, which believes that EDF shares are now well valued at their current levels.
For the Parisian firm, a restructuring has now become necessary in order to be able to reveal ‘hidden’ value within the group.