The results are slightly above consensus, with the recovery in refining margins visible now that the turnaround at Porvoo is ended. The stock is down 5% at pixel time nonetheless, in a similar fashion as with the Q2 earnings, which highlights, once more, that with a high price tag comes high expectations. In our view, the market shows disappointment over the level of margins in renewables, which have been stable since Q1.
27 Oct 2021
Q3: stable margins in renewables
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Q3: stable margins in renewables
Neste Corporation (NESTE:HEL) | 0 0 0.5% | Mkt Cap: 14,943m
- Published:
27 Oct 2021 -
Author:
Kevin VO -
Pages:
2
The results are slightly above consensus, with the recovery in refining margins visible now that the turnaround at Porvoo is ended. The stock is down 5% at pixel time nonetheless, in a similar fashion as with the Q2 earnings, which highlights, once more, that with a high price tag comes high expectations. In our view, the market shows disappointment over the level of margins in renewables, which have been stable since Q1.