Opportunities this week:
- Last week, ahead of its NAV release later today, Greencoat Renewables announced the signing of a new 10-year Power Purchase Agreement (‘PPA’) with Keppel DC REIT. OVERWEIGHT PT: €1.10.
- The seasonally less important Q1 results of CRH hit the tape after markets opened in the US yesterday, in which EBITDA grew by 11% YoY to $495m, beating expectations by 3%. OVERWEIGHT PT: £89.50.
- We recently downgraded Roche to neutral following its Q1 results, where the company announced in-line results and mid-single digit revenue growth guidance for the full year. Today we are discontinuing coverage of the stock.