Renault Group and STMicroelectronics enter vital cooperation on power electronics

  • Renault (OTCPK:RNLSY) and STMicroelectronics (NYSE: STMicroelectronics ) enter a strategic cooperation on the design, development, manufacturing, and supply to Renault Group of STMicroelectronics ' products and related packaging solutions for the power electronics systems of battery-operated and hybrid vehicles.
  • Under the partnership, STMicroelectronics will develop custom-made products and solutions to further improve the efficiency of Renault Group's electric and hybrid vehicles.
  • Both parties will work together with the objective of improving the power performance of Renault 's Group's applications for electric and hybrid vehicles, based on STMicroelectronics ' wide bandgap semiconductor technologies and products.
  • The companies will collaborate on the development of efficient, rightsized, and modular components based on the understanding of Renault Group's technology needs for Silicon Carbide, or SiC, devices, Gallium Nitride (GaN) transistors, along with related packages and modules.
  • As Renault 's innovation partner, STMicroelectronics will benefit from significant volumes guaranteed for the annual usage of these power modules and transistors from 2026-2030 , securing the supply of electric and hybrid vehicle advanced power semiconductors to be produced from 2026.

    Over the current book year the total revenu from the company based in Boulogne-Billancourt will be 48.14 billion euros (consensus estimates). This is hugely more than 2020's revenue of 43.47 billion euros.

    Historical revenues and results Renault plus estimates 2020

    financiële analyse

    The analysts expect for 2021 a net profit of 588 million euros. For this year the consensus of the result per share is a profit of 2.32 euros. So the price/earnings-ratio equals 14.53.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the automobile producers is a relatively high 2.75 percent.

    Most recent target prices around 36 euros

    The most recent recommendations for the automobile producer are from Barclays , HSBC and Bank of America Merrill Lynch.

    Based on the current number of outstanding shares Renault 's market capitalization 9.82 billion euros. The Renault stock was the past 12 months quite volatile. Since last July the stock is even 46 percent higher. This year the stock price moved between 20 and 41 euro.

    Historical stock prices Renault

    equity research renault

    At 16.01 the stock trades 0.61 percent lower at 33.72 euros.

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