NEOEN : Oddo lowers target after capital increase
This fund-raising is part of the company's 2023-2025 strategic plan, which aims to reach 10 GW in operation or under construction by this date, for a cumulative equity contribution of €1.35 billion.
Taking into account the creation of the new shares, we are adjusting our 2023/2027 EPS sequence by -23.4%", says Oddo
According to the analyst, the completion of this fundraising will enable investors to refocus on the operational trajectory to 2025.
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