HDF Energy: Oddo BHF lowers its target price

(CercleFinance.com) - While maintaining its 'underperform' rating on HDF Energy, Oddo BHF has lowered its target price drastically from 15 to 8.
5 euros, following a downward revision of its estimates after the company shifted its 2025 targets to 2027.

This is clearly a disappointment, but not a surprise", says the research department, recalling that it had downgraded its opinion following the publication of the half-yearly results of this company specialized in electricity from hydrogen.

It leaves its estimates for 2023 unchanged, with EBITDA expected at -8.4 million euros and net income, group share at -6 million, but revises downwards its 2024 sales estimate to 24 million, with EBITDA at -4 million and a breakeven target in 2025.

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