Rubis: Oddo maintains its buy rating, target set at 35 E

(CercleFinance.com) – Oddo BHF confirms its Surperformance recommendation with a target of 35 E after the group presented its objectives.

‘We will first retain objectives for 2027 with a secure portfolio greater than 2.5 GWc (compared to 1 GW at the end of June 2024) and an EBITDA of 50-55 ME (compared to 55 ME estimated by Oddo BHF)’ indicates the analysis office.

‘Given the lengthening of connection times, a warning is issued unsurprisingly on the initial objective of 1 GWc of capacity in operation in 2025 (compared to 460 MWc at the end of June 2024) without calling into question the objective of 3.5 GWc in 2030’.

The analyst believes that the Capital Market Day organized today is important in the sense that the leaders must convince on the development strategy in renewable energies which is criticized by some shareholders given its high cost.

‘This meeting also comes after the publication of half-year results below expectations, which led to a further drop in the stock market price and could encourage shareholders with an activist profile to increase their pressure,’ Oddo BHF underlines.

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