Centrica plc American Depositary Receipt (CPYYY)
Centrica's long-term attraction would be boosted by Sizewell B deal, says Citi
Centrica PLC's (LSE:CNA) long-term value could receive further support from a reported agreement to extend the life of the Sizewell B nuclear power station, according to Citi. A Bloomberg report suggested that EDF and the owner of British Gas Centrare close to agreeing heads of terms with the UK government for a 20-year extension of the plant's operating life.
British Gas owner Centrica to pay $27 million after prepay meter probe
British Gas owner Centrica has agreed to pay 20 million pounds ($26.69 million) into a redress fund after investigators found the utility installed prepayment meters in the homes of vulnerable customers without their consent, regulator Ofgem said.
Is Centrica (CPYYY) Outperforming Other Utilities Stocks This Year?
Here is how Centrica PLC (CPYYY) and MYR Group (MYRG) have performed compared to their sector so far this year.
Centrica snaps up gas-fired power plant after mixed quarter for sales
British Gas owner Centrica PLC (LSE:CNA) has completed the £370 million acquisition of a gas-fired power station in south Wales, as it flagged strong infrastructure earnings but weaker retail performance in its latest trading update. The FTSE 100 energy supplier said the 850MW Severn power plant lifts its power portfolio to 4GW, including assets in development.
Ceres Power shares more than double in a month as Delta-Centrica data centre deal adds to momentum
Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) shares rose 2.6% to 640p on Thursday, extending a remarkable run that has seen the Horsham-based clean energy technology developer's stock more than double in the past month, valuing the company at £1.24 billion. The immediate catalyst was the announcement of an infrastructure partnership between Delta Electronics and Centrica, targeting the data centre market and energy-intensive industries across the UK and Europe, with solid oxide fuel cells (SOFCs) providing off-grid energy generation.
Centrica (CPYYY) Upgraded to Buy: What Does It Mean for the Stock?
Centrica (CPYYY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Are Utilities Stocks Lagging Centrica (CPYYY) This Year?
Here is how Centrica PLC (CPYYY) and MYR Group (MYRG) have performed compared to their sector so far this year.
Are Investors Undervaluing Centrica (CPYYY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Centrica sell-off overdone as short nuclear lifespan limits delink exposure, says Citi
Centrica PLC (LSE:CNA) shares have been caught up in a sector-wide sell-off following press reports of potential government action to delink power and gas pricing in the UK, but Citi argues the market has overreacted and reiterates its 'buy' rating on the stock. The broker contends that investors are focusing too narrowly on earnings per share impact and failing to account for the limited remaining lifespan of Centrica's nuclear generation assets.
The 'halo effect' sees utilities like Centrica and SSE regain shine for JPMorgan
JPMorgan has turned more constructive on European utilities, highlighting SSE PLC (LSE:SSE) and Centrica PLC (LSE:CNA) among its preferred names as higher commodity prices and geopolitical tensions boost the sector's defensive appeal. The bank said the conflict in Iran has shifted the outlook for gas and power markets, with prices now expected to remain structurally higher in both the short and medium term.
Ceres Power surges on Centrica partnership and resilient cash position
Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) shares jumped over 14% after it revealed a new strategic partnership with British Gas owner Centrica PLC (LSE:CNA) and reported full-year results broadly in line with expectations. The hydrogen and fuel cell technology developer said the partnership will combine its solid oxide fuel cell technology – currently able to generate electricity from natural gas and designed to also use other fuels such as biogas and hydrogen in the future – with the British Gas owner's energy supply and trading platform, targeting businesses struggling to secure grid connections fast enough to meet growing power demands.
Centrica and Ceres Power partner to accelerate fuel cell deployment amid grid delays
British Gas owner Centrica and Ceres Power announced a partnership on Thursday to deploy solid oxide fuel cell power solutions to meet the multi-gigawatt demand from commercial and industrial customers across the UK and Europe.
