Neoen Reports Revenue Decline Amid Portfolio Expansion
Company Announcements

Neoen Reports Revenue Decline Amid Portfolio Expansion

Neoen SA (FR:NEOEN) has released an update.

Neoen has reported a revenue of €378.4 million for the first nine months of 2024, marking a 5% decline from last year’s figures due to changes in PPAs. However, the company continues to expand its portfolio, securing 1.4 GW of new projects and maintaining confidence in meeting its financial targets. The acquisition by Brookfield is progressing well, with regulatory approvals expected by the end of 2024.

For further insights into FR:NEOEN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks European Auto-Generated NewsdeskNeoen’s First Phase of Collie Battery Powers Up Western Australia
TipRanks European Auto-Generated NewsdeskNeoen Expands Renewable Energy Portfolio in Ireland
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App