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"....
Read the full article on Seeking Alpha
For further details see:
Uniper - The Headwinds Make This Utility Unattractive