Verbund is up by more than 45% ytd, comfortably outperforming the Stoxx600 and the evolution of the baseload, its core business. Its almost 100% green energy mix makes Verbund the perfect proxy to play the rise in the price of carbon. However, the market seems to be ignoring the negative operating aspects. Based on fundamentals, we confirm our negative view on the stock.
10 Sep 2019
Is Verbund a carbon call option?
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Is Verbund a carbon call option?
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
10 Sep 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
4
Verbund is up by more than 45% ytd, comfortably outperforming the Stoxx600 and the evolution of the baseload, its core business. Its almost 100% green energy mix makes Verbund the perfect proxy to play the rise in the price of carbon. However, the market seems to be ignoring the negative operating aspects. Based on fundamentals, we confirm our negative view on the stock.