Neoen: on the rise, a broker raises its target

( – Neoen gained just under 1% in Paris, supported by an analysis by AlphaValue which raised its price target on the stock from 29.2 to 32.6 euros, which it describes as ‘Hermès du renewable energy sector.

In a research note, the independent research firm explains that it has revised upwards its earnings forecast for the energy producer for the financial years 2022, 2023 and 2024 due to its ambitious production objectives and the surge. electricity prices.

AlphaValue, however, maintains its ‘sell’ recommendation on the stock, which it considers overvalued given the buyback premium already priced in and the low potential for upside surprises compared to current forecasts.

The Parisian firm says it sees more potential in the Italian energy company Erg while continuing to consider the German RWE as the preferred stock in the electricity production sector.

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