Neoen SA ( (FR:NEOEN) ) just unveiled an update.
Neoen reported its unaudited estimated full-year results for 2024, showing a 2% increase in revenue and a 1% rise in adjusted EBITDA, despite a 72% drop in adjusted net income. The company secured 1.9 GW of new projects, bringing its total secured portfolio to 10.8 GW, and anticipates an adjusted EBITDA of over €700 million in 2025. Additionally, Brookfield Renewable Holdings acquired a majority shareholding, launching a public tender offer for all outstanding shares, indicating significant changes in Neoen’s shareholding structure.
More about Neoen SA
Neoen is a leading independent producer of exclusively renewable energy, focusing on developing and operating solar, wind, and storage projects globally. The company is committed to accelerating the energy transition in the countries where it operates.
YTD Price Performance: -0.75%
Average Trading Volume: 742
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €6.09B
Find detailed analytics on NEOEN stock on TipRanks’ Stock Analysis page.