Citation :
Neoen reported record annual revenue of EUR 524.4m (USD 567.7m) today. Earnings before interest, taxation, depreciation and amortisation (EBITDA) grew 15% to EUR 474.8m.
The Paris-listed developer has 8 GW of projects in operation or construction, and is on course to reach its previously disclosed target of 10 GW in 2025.
Despite the seemingly strong figures, Neoen’s share price traded down to EUR 22.12 last night, down more than 5% from EUR 27.15 a year ago. In the same period, France’s equity index, the CAC 40, has traded up just under 10% from 7,234.25 points to 7,954.39 points.
Most renewable energy stocks have been negatively impacted by bearish views on supply chains and cost inflation, one source said.
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