Listed since 2018, Neoen is a French renewables developer. The historic shareholder is Impala S.A.S., which holds 42% of the capital. This is the holding of French businessperson Jacques Veyrat. As he might eventually sell the stake, Neoen is suitable for a takeover, which fuels a speculative premium.
Neoen stands out from peers due to its large footprint in solar and batteries. The young age of its assets warrants a higher valuation than peers.
Neoen has tapped the stock markets in 2021 and 2023. It could do it again to reach its 2030 target of 20 GW of capacity in operation and under construction.
|
Metric
|
NEOEN
|
ANE
|
EDPR
|
|---|---|---|---|
Price/Earnings (Normalized) | 50.12 | 16.94 | 91.50 |
Price/Book Value | 1.69 | 1.20 | 1.38 |
Price/Sales | 8.10 | 1.97 | 6.72 |
Price/Cash Flow | 14.71 | 9.63 | 23.16 |
|
Metric
|
NEOEN
|
ANE
|
EDPR
|
|---|---|---|---|
Quick Ratio | 1.14 | 0.82 | 0.47 |
Current Ratio | 1.26 | 1.10 | 0.66 |
Interest Coverage | 2.14 | 6.98 | 1.85 |
|
Metric
|
NEOEN
|
ANE
|
EDPR
|
|---|---|---|---|
Return on Assets (Normalized) | 1.17% | 3.50% | 1.08% |
Return on Equity (Normalized) | 3.34% | 8.00% | 2.97% |
Return on Invested Capital (Normalized) | 3.47% | 5.50% | 3.35% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
CEG
| Constellation Energy Corp | — | Qbmzk | $67.8 Bil | |
GEV
| GE Vernova Inc | Tdtqdqf | Xyqv | $44.1 Bil | |
OEZVF
| Verbund AG Class A | — | Hwfx | $28.1 Bil | |
OEZVY
| Verbund AG ADR | — | Txc | $27.7 Bil | |
DOGEF
| Orsted A/S | — | Xclwfqq | $26.5 Bil | |
DNNGY
| Orsted A/S ADR | — | Yhjsh | $25.7 Bil | |
CZAVF
| CEZ a.s | — | Ddyclq | $21.6 Bil | |
EDRVF
| EDP Renovaveis SA | — | Zmcx | $16.6 Bil | |
BEP
| Brookfield Renewable Partners LP | Lsyfflpyq | Wjlm | $8.0 Bil | |
BEPC
| Brookfield Renewable Corp Ordinary Shares - Class A (Sub Voting) | Cmxvsygjk | Jgx | $5.6 Bil |
