We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Energiser Investments Plc | LSE:ENGI | London | Ordinary Share | GB00B06CZD75 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.65 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.60 | 0.70 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.65 | GBX |
Energiser Investments (ENGI) Share Charts1 Year Energiser Investments Chart |
|
1 Month Energiser Investments Chart |
Intraday Energiser Investments Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/7/2024 | 12:44 | ENGIE ex GDF SUEZ | 2,833 |
| 22/7/2020 | 09:32 | ENGI - picking up distressed housing stock | 318 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 19/7/2024 20:30 by waldron The Deacon19 Jul '24 - 20:20 - 2828 of 2828 0 1 0 Engie hedges 89% of 2024 output at EUR 110/MWh (Montel) French energy utility Engie had hedged 89% of its expected nuclear and hydropower output this year at EUR 110/MWh by the end of June, down EUR 8 from the previous quarter, it said on Thursday. Reporting by: Sophie Tetrel 18 Jul 2024 | 10:16 From 2026, the output only included French generation as Belgian nuclear production would be sold under a regulated tariff, Engie said in a preliminary financial report. Last year, the firm sold its power output at EUR 98/MWh, up from EUR 90/MWh in 2022. French spot prices had averaged about EUR 46/MWh since the beginning of the year on the Epex exchange, nearly half of last year’s EUR 97/MWh level and six times less than in 2022 during the energy price crisis. Lower nuclear output Meanwhile, Engie’s nuclear output in France and Belgium rose 0.6 TWh year on year to 7.5 TWh in the April-June period, though it was down 0.3 TWh overall to 16 TWh in the first half of 2024 due to the lower availability of Belgian reactors in Q1. Engie operates five reactors in Belgium at the Doel and Tihange sites with a total capacity of 3.9 GW. It also owns 1.2 GW stakes in the Chooz (3 GW) and Tricastin (3.7 GW) nuclear plants in France. Meanwhile, the utility’s hydropower production rose 1.1 TWh year on year to 5 TWh in the second quarter, while it was up 2.3 TWh in H1 compared to the same period last year. Engie is due to publish its H1 financial report on 2 August. Edited by: Robin Newbold |
Posted at 17/5/2024 06:03 by the grumpy old men Engie Chile hikes 2024 capex estimate, rules out coal-fired plant biomass conversion projectBnamericas Published: Thursday, May 16, 2024 Market Prices and Forecasts Biomass Onshore Wind Photovoltaic Energy Storage Engie Chile hikes 2024 capex estimate, rules out coal-fired plant biomass conversion project Chilean power generator Engie has increased its 2024 capex estimate to US$555mn, up from an earlier forecast of US$530mn. Forecast outlay for this year corresponding to renewables and battery energy storage, or BESS, systems is now US$235mn and US$170m, respectively. Earlier in the year, the generator estimated renewables/BESS capex of US$380mn, relating to the under-construction Lomas de Taltal wind park (342MW, US$468mn) and to the BESS Tamaya (68MW, US$128mn) and BESS Capricornio (48MW, US$76mn) storage projects. The US$25mn upward renewables/BESS revision reflects the recently announced 116MW BESS Tocopilla project, which is due online in 4Q25 and will ramp up the company’s installed energy storage capacity to 371MW. With a price tag of US$180mn, BESS Tocopilla is being built at Engie’s former Tocopilla thermoelectric complex, taken offline in September 2022. “One of the reasons we’re building storage, BESS, at existing sites, is of course, there are synergies,” Engie Chile CFO Eduardo Milligan said. "That's why, today, we’re building BESS first in all our existing sites." Citing the Tamaya and Capricornio battery systems, installed at company solar PV parks, he underscored the benefits in terms of reducing curtailment, a situation impacting multiple renewables generators. "Adding batteries in this context makes a lot of sense, because we’re able to charge these batteries during the day and to use them during non-solar hours when spot prices are not set by renewables but are set by thermal power plants like natural gas or coal." Engie has 574MW of renewables/BESS capacity under construction, which will boost its clean energy park to 1.5GW. The company has 584MW of further capacity – wind, solar and battery storage – in the development phase. Engie is looking to expand its generation footprint in the center-south part of the country, which tends to have a different wind generation profile compared with the north. The investment outlook hinges on successful monetization of around US$333mn of receivables owed under an end-user price stabilization mechanism, the call was told. In 2026, Engie expects to have, overall, 3.1GW of installed capacity, with renewables/BESS accounting for 66% and natural gas the balance. COAL RETIREMENT The company has sought the green light from national energy commission CNE to take the Andina (CTA) and Hornitos (CTH) units at its CTM complex, for a combined 350MW, offline by end-2025. This would result in Engie fully exiting the coal-fired generation segment. Fellow generator Enel has exited coal and AES Andes is working to achieve this by the end of 2027 at the latest. CNE has authorized Engie to retire two other CTM units, for a combined 334MW, and convert its 377MW IEM plant to natural gas, a project due to be carried out in 2026, the company’s 1Q24 results call heard. BIOMASS CONVERSION RULED OUT Engie has also been given the environmental nod to convert units CTA and CTH to biomass. That was an original plan, from 2019. Milligan said, however, biomass conversion was not viable. "The biomass market is not sufficiently developed to reconvert both units to biomass now; this is why what we have today in our pipeline is to disconnect them in coal mode, and to continue evaluating other alternatives for them,” Milligan said. "We might keep them mothballed; we will continue keeping them, let's say, under maintenance with limited capex per year until we find other options for them, which could be conversion to other technology, which could be to provide ancillary services to the system, or if we don't find any alternatives for them after some years, we will completely disconnect them." |
Posted at 19/4/2024 15:58 by waldron ENGIE FY 2023 resultsAnother year of strong growth in results underpinned by successful execution of our strategy Proposed dividend of €1.43 per share for 2023 Robust medium-term outlook 2024 – 2026 |
Posted at 16/4/2024 07:30 by waldron ENGIE : Deutsche Bank keeps its Buy ratingApril 15, 2024 at 05:42 am EDT James Brand from Deutsche Bank retains his positive opinion on the stock with a Buy rating. The target price has been raised to EUR 16.50 from EUR 16.00. |
Posted at 22/2/2024 08:35 by waldron Engie raises targets for 2024February 22, 2024 at 03:20 am EST On the occasion of the publication of its 2023 results, Engie has raised its targets for 2024, now aiming for recurring net income, group share, of between 4.2 and 4.8 billion euros, and EBIT excluding nuclear power of between 7.5 and 8.5 billion. For the year just ended, the energy group posted recurring net income, group share of 5.4 billion euros and EBIT excluding nuclear power of 9.5 billion, representing organic growth of 2.7% and 18.3% respectively. These results testify to the progress we have made in executing our strategy, and confirm our ability to evolve in a volatile energy market environment", comments CEO Catherine MacGregor. For 2023, the Board of Directors proposes to distribute 65% of the Group's recurring net income, representing a dividend of 1.43 euros per share. This proposal will be submitted to the AGM on April 30. CercleFinance.com. |
Posted at 07/11/2023 08:25 by adrian j boris Engie Upgrades Outlook on Positive Performance, Reduced Risks07/11/2023 8:00am Dow Jones News Engie (EU:ENGI) Tuesday 7 November 2023 By Andrea Figueras Engie raised its full-year guidance after what it called a continued good performance with reduced risks as it approaches the end of the year. The French power utility on Tuesday said that it now expects recurring net income in a range of 5.1 billion euros to 5.7 billion euros ($5.47 billion-$6.11 billion), up from a prior forecast between EUR4.7 billion and EUR5.3 billion. It now sees non-nuclear earnings before interest and taxes of EUR9 billion to EUR10 billion, while it previously anticipated EBIT excluding nuclear between EUR8.5 billion and EUR9.5 billion. The company posted earnings before interest, taxes, depreciation and amortization of EUR11.9 billion, compared with EUR10.67 billion for the same period last year, while revenue fell to EUR61.8 billion in the period, down 10.2% organically on-year. Non-nuclear EBIT was EUR8 billion, up from EUR6.3 billion, mainly driven by the units global energy management and sales as well as renewables. Engie backed its dividend policy with a 65% to 75% payout ratio based on net recurring income and a floor of EUR0.65 a share for the 2023 to 2025 period. Write to Andrea Figueras at andrea.figueras@wsj. (END) Dow Jones Newswires November 07, 2023 02:45 ET (07:45 GMT) |
Posted at 24/10/2023 10:07 by grupo guitarlumber French Utility Engie to Report 'More Normalized' Q3 Results, Barclays SaysOctober 24, 2023 at 03:14 am EDT (MT Newswires) -- Engie (ENGI.PA) is expected to post results showing a "more normalized" performance in the third quarter following the lack of unforeseen items in its pre-release, Barclays analysts said in a Tuesday note. Based on the pre-release, Engie saw slightly milder weather in the third quarter, with improved nuclear availability in Belgium and marginally better hydrogen volumes in France. Barclays believes that the "extraordinary high" EBIT at Engie's global energy management and sales, or GEMS, segment in the first half will not be repeated in the third quarter. The research firm forecasts a third-quarter group EBIT including nuclear of 1.28 billion euros, lower than the previous two quarters amid the assumption that Engie's GEMS business will contribute a 250 million-euro EBIT. For the first nine months of 2023, Barclays estimates Engie's group EBIT excluding nuclear at 7.96 billion euros, benefiting from "good" organic growth rates in its renewables segment, flex gen and retail businesses. Consequently, the analysts expect the French utility to reiterate its full-year guidance. Engie will publish its third-quarter report on Nov. 7. Barclays maintained its equal-weight rating on the stock, with a price target of 18 euros. |
Posted at 20/3/2023 15:00 by waldron ENGIE adds more than 650 MW to U.S. operationsWind and solar projects bring ENGIE’s renewable capacity to more than 4.8 GW across North America March 20, 2023 09:05 ET | Source: ENGIE North America HOUSTON, March 20, 2023 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced four projects reached commercial operation at the end of December 2022 with a total production capacity of 651 MW. The addition of these projects brings ENGIE’s renewable operations to more than 4.8 GW across the U.S. and Canada. The portfolio additions include two Texas projects, the 300 MW Limestone Wind project in Navarro and Limestone counties alongside the 250 MW Sun Valley Solar project in Hill County northeast of Waco. Dedication ceremonies to formally inaugurate Limestone and Sun Valley were held earlier this month, bringing together some 200 people including customers, landholders, local, state and federal representatives, community members and development partners, reflecting both the addition of 550 MW of clean energy to the grid, as well as the long-term commitments to the three counties which are expected to generate around $88 million in tax revenues over the life of the projects. A further two solar projects totaling 101 MW came online in Halifax County, Virginia and New Castle County, Delaware, which was ENGIE’s first grid-scale project in that state. “Maintaining momentum with our projects and meeting the expectations of our customers to help them deliver on their own Net Zero journey was and remains our key focus. Our proven ability to deliver consistently in a dynamic environment will be a critical differentiator over the next few years,” said Dave Carroll, Chief Renewables Officer of ENGIE North America. “Last year was a volatile one for the renewables industry, including sector-wide supply chain challenges, a rapidly evolving incentives landscape, inflation and all coupled with an accelerating commitment to a Net Zero future made for a lively twelve months, but one where our breadth and depth of the ENGIE team came through.” Earlier in 2022, Procter and Gamble (P&G) announced a Power Purchase Agreement (PPA) with ENGIE for production from Sun Valley. Jack McAneny, P&G Vice President Global Sustainability said at the time: “Partnering on new renewable power projects brings long-term, zero emissions renewable electricity on-line and is an important strategy to help us achieve our goal of purchasing 100% renewable electricity. We are excited to work with ENGIE on projects like Sun Valley that progress our strategy and provide benefits to the local community.” Last year also saw three customers announce PPA’s for Limestone – LyondellBasell, Stanley Black and Decker and Whirlpool Corporation. LyondellBasell commented: “LyondellBasel Stanley Black and Decker commented previously: “Creating a more sustainable world and achieving carbon neutrality by 2030 requires a transition to renewable energy,” said Deb Geyer, Corporate Responsibility Officer for Stanley Black & Decker. “This project, operational by the end of 2022, will continue to support Stanley Black & Decker’s strategy to source 100 percent of its United States and Canada electricity needs from renewable power.” Whirlpool Corporation commented: “This latest wind project is an important part of our ongoing sustainability initiatives, adding additional clean, renewable energy to the electrical grid while helping to reduce the company’s carbon footprint,” said Whirlpool Corp. Sr. Director of Sustainability Beat Stocker. “Now that Limestone Wind is becoming fully operational, we have achieved an important step in matching 100% of our U.S. plant electricity emissions, taking us closer to our Net Zero by 2030 goal for our operations." ENGIE has established a large and growing pipeline of wind, solar and storage projects across the U.S. and Canada, including two acquisitions last year that added some 50 early, mid and late-stage development projects to the portfolio. “Globally ENGIE aims to add an average 4 GW of renewable capacity each year through 2025 and North America is poised to be a material contributor to that aspiration. We plan to almost double production capacity by 2025 across the U.S. and Canada,” said Carroll. “We are already in construction for many of our 2023 projects, including storage, which will become an increasing element of our portfolio.” ### About ENGIE ENGIE is a global leader in low-carbon energy and services. With its 96,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-frie |
Posted at 24/8/2021 09:00 by la forge ENGIE: Medium Term Transformation In ProgressAug. 24, 2021 1:56 AM ETENGIE SA (ENGIY), ENGQF Summary ENGIE has agreed to the sale of its 11.5% stake in GRTgaz at an attractive RAB premium of c. 48%. With other planned disposals also in progress, the strategic shift appears to be on track. Yet, shares trade well below EU peers despite the re-rating potential and the c. 4% yield on offer. ENGIE (OTCPK:ENGIY), a French-based global utility company supplying electricity, gas, and energy services, may have outperformed yet again at its H1 '21 results, but the key highlight was the disposal of its stake in GRTgaz for a c. €1.1 billion price tag (implying a considerable premium to the RAB ("regulated asset base"). Beyond the highly favorable valuation benchmark the sale provides for Engie's gas infrastructure assets, it also illustrates that management is progressing well on its medium-term strategy to simplify the company. As such, I am bullish on Engie's plans to create a more straightforward infrastructure/renew Making Progress on GRTgaz with Latest Stake Sale Alongside its earnings results, Engie has signed a binding agreement with Caisse des Dépôts and CNP Assurances (both already minority shareholders) for the sale of its 11.5% stake in GRTgaz (gas transmission in France). The agreement values the GRTgaz group's total equity at €9.75 billion or an enterprise value of €14.6 billion, implying a c. 12x EV/ EBITDA valuation. In turn, the sale price also implies a RAB premium of c. 48%, which is certainly impressive for a minority stake in gas networks. In addition to the partial reduction in Engie's holding, the transaction will also feature a simplification of the GRTgaz group structure, which will lead to GRTgaz taking full ownership of Elengy (up from c. 82% currently). I view the transaction as a significant positive – not only does it represent another value crystallizing disposal for the group (implying a 1-2% positive impact on Engie's market cap), but it also helps to reduce Engie's net financial debt by c. €1.1 billion. From a broader perspective, the accretive sale also validates the case that there is value in the rest of the gas networks assets in the Engie portfolio despite the market remaining unwilling to capitalize the remaining c. 64% stake in GRTGaz at the implied deal multiple (note shares were slightly down post-announcement). Nonetheless, the deal is on track to close by year-end, and with similar disposals in the pipeline, I remain optimistic on a re-rating of the gas assets down the line. Medium Term Disposal Plan on Track Since the strategic shift outlined by management at its previous investor day, Engie has made impressive progress, disposing of its 29.9% stake in Suez for €3.3 billion and signing the sale of EVBox for c. €200 million, leading to a total of €3.6bn in the last year. Engie has since guided for a €9-10 billion disposal plan from 2021-2023, including Customer Solutions business Equans and another c. €2 billion tranche of disposals. On the former, expect steady news flow over the upcoming month – per recent news reports, Engie is kicking off an auction process for some of its services assets, with initial bids (expected in September) already valuing Equans in the €5-6 billion range. On the other hand, there will be some dilution at the EBIT level from the medium-term disposal plan – management has guided for a c. €700 million EBIT dilution scenario over the 2021-2023 period, mainly from the planned Equans sale. On balance, however, I view the disposals as a net positive, as it helps to de-risk the overall group, and depending on how the sale of Equans is structured, Engie still has options to manage the dilution side of the rotation (e.g., by executing in stages). With commodity prices also on the rise, expect higher profitability for Engie's supply activity and potentially its IPP business as well, both of which should help offset any earnings headwinds ahead. Strategic Transition to Infrastructure Underpins Incremental Upside In addition to the disposal plans, shareholders also stand to gain from a focus on infrastructure-like activities such as regulated networks, renewables developed on the balance sheet, along with contracted heating/cooling and cogeneration. A simpler group structure producing a visible and steady earnings stream on which the market can apply similar multiples to other bond proxy utilities in the sector (e.g., renewables peers) would likely be accretive. Assuming successful execution, the strategic shift should support a material re-rating of Engie's other activities, supporting the case for value unlocking ahead. Source: Engie Strategic Update Presentation Slides (2021) Alternatively, the planned transition would also make Engie a compelling M&A target for infrastructure or oil & gas funds/companies (with a lower cost of capital) looking to redeploy capital away from fossil fuels. Furthermore, Engie is currently trading at a considerable valuation discount to peers Enel (OTCPK:ESOCF) and Iberdrola (OTCPK:IBDRY) despite operating out of northern Europe. Considering Enel and Iberdrola are tied to higher Italian and Spanish underlying sovereign yields, I think Engie should instead trade at a premium multiple (note French 10-year bonds are negative yielding while similar durations in Italy and Spain offer modest positive yields). Final Take Overall, I like where Engie is going with its strategy, and considering its progress on the planned disposals, I see further positive catalysts ahead. Yet, Engie shares have been range-bound in recent months, even moving down slightly after an excellent quarterly earnings release. This seems unjustified, especially with earnings already growing ahead of expectations, disposals coming in at good valuations, and a near-term catalyst in the form of the Equans sale ahead (targeted before year-end). Trading well below peers at the current EV/EBITDA of c. 7x despite a dividend yield of c. 4%, Engie remains a great pick in the EU utilities space. |
Posted at 01/3/2021 08:44 by ariane ENGIEMultimedia content Links (1) All (1) Source: ENGIE | 15 minutes ago ENGIE acquires 100 MW Concentrated Solar Power plant in South Africa The plant is located in the Northern Cape of South Africa, which is also the location of ENGIE’s 100 MW Kathu CSP plant Share Favourite Copy text Get source logo Egalement disponible en Français JOHANNESBURG, South Africa, March 1, 2021/APO Group/ -- ENGIE (ENGIE-Africa.com) is pleased to announce that it has reached an agreement to acquire from Abengoa a 40% equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, as well as 46% of the Operations & Maintenance Company. The plant is equipped with parabolic trough technology and a molten salt storage system that allows for 5.5 hours of energy storage to provide reliable electricity during peak demand. Power is contracted through a 20 years Power Purchase Agreement with Eskom (South African Electricity Public Utility). Xina Solar One is supplying clean energy to more than 95,000 South African households and prevents the emission into the atmosphere of approximately 348,000 tons of CO2 each year. The plant is located in the Northern Cape of South Africa, which is also the location of ENGIE’s 100 MW Kathu CSP plant. Xina Solar One increases ENGIE’s renewable footprint and is a further step to cementing its position as the leading Independent Power Producer in the country. Synergies between Xina and Kathu will be developed to further enhance the operational efficiency of both plants. “With the acquisition of this project, ENGIE is pursuing its low carbon strategy. Xina augments the country’s installed peaking power and reduces its dependence on coal-fired electricity. The 100 MW CSP plant also contributes to ENGIE’s geographic rationalization by expanding its footprint in South Africa, where it is the leading Independent Power Producer with 1,320 MW of installed capacity.” says Sébastien Arbola, CEO of ENGIE MESCATA. With the acquisition of this project, ENGIE is pursuing its low carbon strategy Mohamed Hoosen, CEO of ENGIE Southern Africa commented: “ENGIE is valued as a highly skilled IPP and a long-term player in the South African power industry. We are adding an innovative high-performing plant and are increasing our CSP capacity. This investment will create value over the longer term while accelerating impact on the energy transition of our customers.” Co-shareholders on Xina Solar One include Public Investment Corporation, a pension fund manager and a shareholder on ENGIE’s Kathu project (20%); Industrial Development Corporation, a development finance institution wholly- owned by the South African Government (20%); and Xina Community Trust, funded by the IDC (20%). Xina Solar One, which started commercial operation in August 2017, was built by Abengoa. Completion of the transaction is subject to the fulfillment of certain conditions including merger control clearance from relevant competition authorities. In South Africa, ENGIE has interests in a CSP plant (100 MW Kathu), a wind farm (94 MW Aurora), 2 solar photovoltaic plants (21 MW) and 2 thermal power peaking plants (670 MW Avon and 335 MW Dedisa). Distributed by APO Group on behalf of ENGIE. Press Contact: Email: engiepress.mescat@en About ENGIE MESCATA: ENGIE (ENGIE.com) has a presence of almost 30 years in the Middle East, South & Central Asia, Turkey and Africa region. In the Middle East, it is the regional leading independent power & water producer with a gross capacity of 30 GW of power and 5.5 million m3/day of water production, serving over 40 million people daily with power and 10 million with potable water from desalination. In Africa, the Group has 3.15 GW of power generation capacity in operation or construction and is South Africa’s first Independent Power Producer. It is a leader in the decentralized energy market, providing clean energy to more than five million people through domestic solar installations and local microgrids. ENGIE’s renewable portfolio exceeds 2,300 MW of power in India and Africa. In the Middle East, the Group is a regional leader in district cooling through Tabreed, in which it has a 40% stake, and which currently delivers over 1.4 million tons of cooling across 86 plants in the GCC. ENGIE is also a leading provider of Customer Solutions in the Gulf region and Morocco. For more information : ENGIEMiddleEast.com and ENGIE-Africa.com. About ENGIE: Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-frie |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
