Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes in carbon credit trading activities. The Company operates several subsidiaries, including Anelia and Bio-Bar in France, Voltalia Guyane, SIG Kourou, SIG Mana and SIG Cacao in French Guyana, Voltalia Energia do Brasil in Brazil, Thegero in Greece and Alterrya Maroc in Morocco, among others. The Company is owned by Voltalia Investissement SA.
  • TickerVLTSA
  • ISINFR0011995588
  • ExchangeEuronext Paris
  • SectorElectricity
  • CountryFrance

Analysts

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Emmanuel Matot
  • Louis Boujard
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 09/04/2019

...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Emmanuel Matot
  • Louis Boujard
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 04/09/2019

...

Louis Boujard ...
  • Philippe Ourpatian

Voltalia : Potential still intact

>Buy, revised target price of € 13.30 (vs € 15.80) - Following the capital increase carried out in July 2019, we are resuming coverage of the stock with a Buy recommendation and target price of € 13.30 (vs € 15.80 previously). Our model includes aspects of the strategic review of June 2019 with the target of 2.6 GW in operation or under construction in 2023 vs the previous target of over 1 GW in 2020, along with the new number of shares. We are leaving our methodolog...

Louis Boujard ...
  • Philippe Ourpatian

Voltalia : Un potentiel toujours intact

>Achat, OC revu à 13.30 € (vs 15.80 €) - A l’issue de l’augmentation de capital réalisée en juillet 2019, nous reprenons la couverture du titre avec une recommandation Achat et un objectif de cours de 13.30 € (vs 15.80 € précédemment). Nous avons intégré dans notre modèle les éléments de la mise à jour stratégique de juin 2019 avec l’objectif de 2.6 GW en opération ou en construction en 2023, contre plus de 1 GW en 2020 précédemment, ainsi que le nouveau nombre de ti...

Increased risk weighs on VOLTALIA, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of VOLTALIA (FR), active in the Conventional Electricity industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date August 30, 2019, the closing price was EUR 9.90 and its target price was estimated at EUR 8.89.

Louis Boujard ...
  • Philippe Ourpatian

Voltalia : Potential still intact

>Buy, revised target price of € 13.30 (vs € 15.80) - Following the capital increase carried out in July 2019, we are resuming coverage of the stock with a Buy recommendation and target price of € 13.30 (vs € 15.80 previously). Our model includes aspects of the strategic review of June 2019 with the target of 2.6 GW in operation or under construction in 2023 vs the previous target of over 1 GW in 2020, along with the new number of shares. We are leaving our methodolog...

Louis Boujard ...
  • Philippe Ourpatian

Voltalia : Un potentiel toujours intact

>Achat, OC revu à 13.30 € (vs 15.80 €) - A l’issue de l’augmentation de capital réalisée en juillet 2019, nous reprenons la couverture du titre avec une recommandation Achat et un objectif de cours de 13.30 € (vs 15.80 € précédemment). Nous avons intégré dans notre modèle les éléments de la mise à jour stratégique de juin 2019 avec l’objectif de 2.6 GW en opération ou en construction en 2023, contre plus de 1 GW en 2020 précédemment, ainsi que le nouveau nombre de ti...

Johann Carrier

INVEST SECURITIES - VOLTALIA (ACHAT, OC 13,6€) : Un T2 plus consistant après un T1 terne

Louis Boujard ...
  • Philippe Ourpatian

Voltalia : Un chiffre d’affaires du T2 2019 porté par des éléments de périmètre

>CA S1 2019 en baisse de 8% - Le chiffre d’affaires du S1 2019 est ressorti à 68.8 M€. Il confirme la tendance liée à la fin des suspensions de contrats au Brésil. Les conditions de vent nettement moins favorables essentiellement ai Brésil expliquent également la baisse « faciale » du chiffre d’affaires. La guidance d’EBITDA 2020 (160 M€/180 M€) est une nouvelle fois réaffirmée et illustre le savoir-faire du groupe dans la conduite de ses projets et la relution de ses...

Louis Boujard ...
  • Philippe Ourpatian

Voltalia : Q2 2019 sales driven by scope effects

>H1 sales down -8% - H1 19 sales came in at € 68.8m. This confirms the trend linked to the end of the suspension on contracts in Brazil. Less favourable wind conditions essentially in Brazil are also responsible for this apparent decline in sales. Guidance for 2020 EBITDA (€ 160m-€ 180m) has been reaffirmed and reflects the group’s expertise in the execution of its projects and the accretion of its project IRR thanks to their early rollout.Sales buoyed by...

1 director bought

A director at Voltalia bought 35,154 shares at 8.424EUR and the significance rating of the trade was 81/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Emmanuel Matot
  • Louis Boujard
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 09/04/2019

...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Emmanuel Matot
  • Louis Boujard
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 04/09/2019

...

Charles Lepetitpas ...
  • Christophe-Raphaël Ganet
  • Louis Boujard
  • Nicolas David
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 06/07/2019

...

Charles Lepetitpas ...
  • Christophe-Raphaël Ganet
  • Louis Boujard
  • Nicolas David
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 07/06/2019

...

Alain William ...
  • Benoit Valleaux
  • Jean-François Granjon
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 06/06/2019

...

Increased risk weighs on VOLTALIA, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of VOLTALIA (FR), active in the Conventional Electricity industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date August 30, 2019, the closing price was EUR 9.90 and its target price was estimated at EUR 8.89.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

Voltalia - Assemblée Générale des actionnaires du 20 Mai 2019

Comme les années précédentes, la société propose l'approbation de chaque nouvelle convention réglementée dans des résolutions spécifiques, ce qui est une pratique soutenue par Proxinvest afin de permettre aux actionnaires de se prononcer sur chacune d'elle. Cependant, nous regrettons que la société prenne le parti de ne pas soumettre au vote les conventions approuvées antérieurement par l'assemblée et continuant à produire leurs effets. Nous portons également l'attention des actionnaires sur la pratique consistant à rémunérer Le Directeur Général et la Présidente du Conseil par l'attribution ...

Charles Pinel

Proxy Report - 24/05/2018

La société propose l'approbation de chaque nouvelle convention réglementée dans des résolutions spécifiques, ce qui permet aux actionnaires de les approuver une par une. En revanche, les anciennes qui continuent de poursuivre leurs effets ne sont pas soumises au vote des actionnaires alors que l'assemblée générale doit statuer sur le rapport spécial selon le Code de commerce, ce qui est regrettable. Le conseil comprendra un seul membre libre de conflits d'intérêts potentiels selon les critères de Proxinvest grâce à la nomination d'Evelyne Tall (résolution 17). Cet effort est cependant insuffi...

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