UNPRF - Uniper - The Headwinds Make This Utility Unattractive

2024-06-20 09:21:08 ET

Summary

• Analyst consensus is negative on Uniper, with no "BUY" recommendations and a target price considered too high, making it unattractive at the current valuation.
• Uniper is facing challenges and issues that make its current valuation difficult to justify, despite some positive operating performance.
• The company has seen a significant drop in stock price, and the outlook for future earnings is poor, leading to a "HOLD" rating.

Dear readers/followers,

Typically, I am very positive about investing in utilities across the spectrum. Good valued renewables, legacy players, infrastructure players, NatGas, even legacy oil companies. One company where I am not all that interested unfortunately, even as it continues to drop, is Uniper ( UNPRF ). This is not because Uniper is a bad business - it's not. Anything generating or working with power in Europe or the West these days at least has some sort of fundamental appeal, and I can even put a value on it.

The problem is the company does have some headwinds and issues which make the valuation it's currently trading at difficult to "swallow"....

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