Neoen: +20% bonus

Electricity. We did well to return to purchasing on Neoen just after the publication of the annual results last February at 23.40 Euros. The stock has since rebounded by 20%… Over the last year, the activity of the renewable energy specialist has increased by +8% at constant exchange rates. We may be surprised by this figure given that Neoen’s electricity production has increased by +27% in the meantime. The difference comes from the lower performance of the storage division which had benefited from particularly favorable pricing conditions in 2022. The fall in electricity market prices also had a negative impact…