Voltalia: Invest Securities remains Buy

(CercleFinance.com) - Invest Securities reiterates its 'buy' opinion and 11.
6 euro price target on Voltalia, while pointing to 'a cautious approach that seems to have been instilled by the new CEO' on the occasion of the announcement of annual sales at the end of January.

'It is common for caution to be the order of the day when a new CEO takes office, which goes hand in hand with the desire not to disappoint. With this in mind, we are adopting a conservative stance", says the analyst.

Pending the publication of annual results on March 13, he leaves his 2024 expectations unchanged, lowers reported 2025 EBITDA to 237 million euros and adjusts 2026-27 EBITDA and FCF, without calling into question the 2023-27 financing plan.

Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.