France's Waga Energy H1 revenue jumps on recurring sales growth
France's Waga Energy H1 revenue jumps on recurring sales growth
Overview
France RNG producer's H1 2026 revenue rose 22% yr/yr, driven by recurring revenue growth
EBITDA turned positive at €0.5 mln
Company reported net loss of €12.8 mln, reflecting continued portfolio expansion
Outlook
Waga Energy expects ~€200 mln 2026 revenue and 4 TWh capacity targets to be reached by mid-2028
Company says target of over €400 mln signed annual recurring revenues now likely in H2 2027
Waga Energy sees commissioning delays for US units due to local permitting and interconnection issues
Result Drivers
RECURRING REVENUE GROWTH - Co said H1 2026 revenue rose due to a 27% yr/yr increase in recurring revenues, more than offsetting lower equipment sales
RNG PRODUCTION VOLUME - RNG produced in H1 2026 rose 31% yr/yr to 426 GWh, contributing to revenue growth
US TAX CREDITS - Co recognized US Production Tax Credits for the first time, boosting project EBITDA
Company press release: ID:nEQ10GPHja
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Net Loss |
| EUR 12.8 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the renewable fuels peer group is "buy"
Wall Street's median 12-month price target for Waga Energy SA is €25.00, about 8.2% above its September 28 closing price of €23.10
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)