(ADPnews) - Nov 18, 2010 - Genesta Equity & Bond Research on Wednesday reiterated its "neutral" rating on the stock in French wind energy group Theolia (EPA:TEO).
On Monday, the company unveiled a 38% year-on-year drop in revenue for the first nine months of 2010 to EUR 143.1 million (USD 193.4m).
Analyst Nicolas David said the financial figures were in line with the group's strategy to slow the pace of asset disposals and focus on electricity generation for own account instead.
Genesta Equity & Bond Research has a share price target of EUR 1.30 on Theolia, giving an upside potential of 4.4%.
(EUR 1.0 = USD 1.360)
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Mariyana is a founding member of the Renewables Now team. With nine years of professional experience in renewables she has built strong expertise in the wind industry and French-speaking markets.