Uniper SE (UNPRF) Receives a Hold from Bernstein markets.co - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from markets.co Daily Mail and Mail on Sunday newspapers.
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In a report issued on April 21, Ingo Becker from Kepler Capital upgraded Uniper SE (UNPRF – Research Report) to Buy, with a price target of EUR35.00. The company’s shares closed last Wednesday at $37.00, equals to its 52-week high of $37.00.
According to TipRanks.com, Becker is a 4-star analyst with an average return of 5.8% and a 53.2% success rate. Becker covers the Utilities sector, focusing on stocks such as ENGIE SA, Endesa, and EON SE.
Uniper SE has an analyst consensus of Hold, with a price target consensus of $34.35.
Based on Uniper SE’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $20.14 billion and net profit of $10 million. In comparison, last year the company earned revenue of $18.95 billion and had a GAAP net loss of $324 million.
Message :
Required fields Uniper s highly efficient coal fired power station MPP3 at Maasvlakte close to Rotterdam was officially opened in 2016 and its techniques meet the world s highest standards. The Dutch Coal Prohibition Act puts an end to the use of coal for the production of electricity for Uniper s MPP3 by 1
st of January 2030. This means a forced closure after only roughly fifteen years of operation without any compensation. A conversion of MPP3 is unrealistic. Uniper has consistently expressed its concerns to the ministry and members of Parliament and the Senate about the fact that the law is lacking sufficient compensation. In Uniper s view, this law is unbalanced as Uniper cannot execute its ownership rights, but is also not compensated. In the interest of its customers and employees Uniper is now seeking for a judgement from independent courts about the question whether the law is legitimate in view of this lacking compensation.
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The move follows a similar challenge by RWE in February over early closure of its 1.56 GW Eemshaven coal plant. RWE is seeking Eur1.4 billion ($1.7 billion) in damages. The Dutch Coal Prohibition Act puts an end to the use of coal for the production of electricity for Uniper s MPP3 by Jan. 1, 2030, Uniper said. This means a forced closure after only roughly 15 years of operation without any compensation.
Conversion of MPP3 to a less carbon-intensive fuel such as natural gas was unrealistic , while the phase-out law prevented Uniper from executing its ownership rights without compensation, the Fortum subsidiary said.
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