Analysts have slightly raised their price target for Engie from €21.47 to €21.48, citing modest improvements in expected revenue growth. This comes despite only minor changes to profit margin and valuation assumptions.
What's in the News
- Engie is expanding its renewable energy portfolio in Italy by installing 173 MW of new capacity, including two wind farms, one wind repowering, and two agrivoltaics plants (Key Developments).
- 80% of the green energy from Engie's new Italian renewables will be supplied to Apple under a 15-year Power Purchase Agreement. The remainder will benefit the public grid and approximately 30,000 households (Key Developments).
- The initiative will prevent more than 160,000 tons of CO2 emissions annually, which is equivalent to the emissions of nearly 70,000 cars (Key Developments).
- Engie has entered a new Power Purchase Agreement with Meta for the 600 MW Swenson Ranch solar farm in Texas. The project is scheduled for commissioning in 2027 and will be Engie's largest U.S. asset (Key Developments).
- The Swenson Ranch project will create 350 construction jobs and generate close to $160 million in local tax revenues. Meta will purchase all of the site's output to power U.S. data centers (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has increased slightly, moving from €21.47 to €21.48 per share.
- The Discount Rate is nearly unchanged and remains at 5.98%.
- Revenue Growth expectations have risen modestly from 0.95% to 0.97%.
- Net Profit Margin has declined marginally, moving from 5.93% to 5.93%.
- The Future P/E ratio is essentially stable, changing from 13.82x to 13.82x.
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