Engie released a set of very strong Q1 22 results, above expectations, driven by its thermal, nuclear and trading activities. As a result, the guidance is improved by more than 20% on the back of more realistic assumptions thus correcting the black spot in the FY21 results.
The lower exposure to Russian gas is also worthy of note to reassure investors and to bring some confidence back into an over-sanctioned stock for several months.
More than ever, Buy.
17 May 2022
Q1 22: confirmation of what the market expected, and even more
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Q1 22: confirmation of what the market expected, and even more
Engie (ENGI:EPA), 0 | ENGIE SA. (ENGI:PAR), 0
- Published:
17 May 2022 -
Author:
Nicolas Bouthors -
Pages:
3
Engie released a set of very strong Q1 22 results, above expectations, driven by its thermal, nuclear and trading activities. As a result, the guidance is improved by more than 20% on the back of more realistic assumptions thus correcting the black spot in the FY21 results.
The lower exposure to Russian gas is also worthy of note to reassure investors and to bring some confidence back into an over-sanctioned stock for several months.
More than ever, Buy.