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

VOLTALIA is slightly downgraded to Slightly Positive due to an increasingly adverse environment

The independent financial analyst theScreener just slightly lowered the general evaluation of VOLTALIA (FR), active in the Conventional Electricity industry. As regards its fundamental valuation, the title confirms its rating of 4 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis date May 14, 2019, the closing price was EUR 10.65 and its potential was estimated at EUR 11.54.

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 ...

Johann Carrier

INVEST SECURITIES - VOLTALIA : CA T1 2019 terne mais objectif 2020 rehaussé - ACHAT, OC 13,6€

Alain William ...
  • Aurelien Sivignon
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard
  • Nicolas David
  • Philippe Ourpatian
  • Roland Pfaender
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 04/25/2019

...

Louis Boujard ...
  • Philippe Ourpatian

Voltalia : Q1 2019 revenue slightly short, but nice surprise on 2020 guidance

>Buy recommendation and TP of € 15.8 maintained - Q1 2019 revenue came in a little below our expectations, but as expected includes the end of contract suspensions in Brazil. Much less favourable wind conditions also help explain the “apparent” decline in revenue. But the tightening of the 2020 EBITDA guidance at the upper end of the range (€ 160m-180m, vs € 140m-180m) illustrates the group’s know-how in project management and the accretion of project IRRs through ear...

Johann Carrier

INVEST SECURITIES - VOLTALIA : CA T1 2019 terne mais objectif 2020 rehaussé - ACHAT, OC 13,6€

Louis Boujard ...
  • Philippe Ourpatian

Voltalia : Q1 2019 revenue slightly short, but nice surprise on 2020 guidance

>Buy recommendation and TP of € 15.8 maintained - Q1 2019 revenue came in a little below our expectations, but as expected includes the end of contract suspensions in Brazil. Much less favourable wind conditions also help explain the “apparent” decline in revenue. But the tightening of the 2020 EBITDA guidance at the upper end of the range (€ 160m-180m, vs € 140m-180m) illustrates the group’s know-how in project management and the accretion of project IRRs through ear...

Louis Boujard ...
  • Philippe Ourpatian

Voltalia : CA T1 19 un peu inférieur, mais une bonne surprise sur la guidance 2020

>Opinion Achat et OC 15.8 € maintenus - Le chiffre d’affaire du T1 19 est ressorti un peu en deçà de nos attentes mais enregistre, sans surprise, la fin des suspensions de contrats au Brésil. Les conditions de vent nettement moins favorables expliquent également la baisse « faciale » du chiffre d’affaires. En revanche, le resserrement vers le haut de la guidance d’EBITDA 2020 (160 M€/180 M€ vs 140 M€/180 M€) illustre le savoir-faire du groupe dans la conduite de ses p...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

Voltalia : Target for 2020 secured but what growth profile thereafter?

At 9.7x 2020e EBITDA the market is yet to factor in Voltalia’s short-term growth targets (1 GW at end-2020). However, at only eighteen months from this deadline, the majority of the projects that will be necessary to achieve this target are under already construction and the pipeline of 6.2 GW guarantees continued growth beyond 2020. After two years of stock market stability we think that the short-term acceleration in installed capacity will lead to a revaluation in the multiple...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

Voltalia : L’objectif 2020 est sécurisé, quel profil de croissance au-delà ?

A 9.7x l’EBITDA 2020e, le marché ne valorise toujours pas les objectifs de croissance de CT de Voltalia (1GW fin 2020). Pourtant, à seulement 18 mois de l’échéance, la plupart des projets nécessaires à leur atteinte sont en construction et le pipeline de 6.2 GW garantit la poursuite de la croissance au-delà de 2020. Nous pensons que l’accélération des mises en service attendue sur 2019 et surtout 2020 va inexorablement entrainer une revalorisation des multiples. Nos valorisations...

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...

Alain William ...
  • Aurelien Sivignon
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard
  • Nicolas David
  • Philippe Ourpatian
  • Roland Pfaender
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 04/25/2019

...

Alain William ...
  • Aurelien Sivignon
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard
  • Nicolas David
  • Philippe Ourpatian
  • Roland Pfaender
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 25/04/2019

...

Anis Zgaya ...
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Jeremy Garnier
  • Louis Boujard
  • Nicolas Thorez
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 03/22/2019

...

Anis Zgaya ...
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Jeremy Garnier
  • Louis Boujard
  • Nicolas Thorez
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 22/03/2019

...

Baptiste Lebacq ...
  • Hana Maalej
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 01/24/2019

...

VOLTALIA is slightly downgraded to Slightly Positive due to an increasingly adverse environment

The independent financial analyst theScreener just slightly lowered the general evaluation of VOLTALIA (FR), active in the Conventional Electricity industry. As regards its fundamental valuation, the title confirms its rating of 4 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis date May 14, 2019, the closing price was EUR 10.65 and its potential was estimated at EUR 11.54.

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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