(Boursier.com) — Oddo BHF remains cautious on Haffner Energy the day after the announcement of the acquisition of Jacquier, a family business specializing in the manufacture and assembly of equipment for hydrogen and renewable gas production modules. The sectoral environment remains under pressure with, for its reference sample, an average drop of 42% in 2021, 31% in 2022 and 15.5% Ytd. The roadmap is postponed with a 2023 financial year which will again reflect the increase in costs to structure the company. Mainly based on a DCF, its target price therefore comes out at 2.5 euros, against 4 euros previously, on the basis of a WACC of 16.5% in order to take into account the vagaries linked to the timing of realization of projects.
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