Engie S.A. Sponsored ADR (ENGIY)
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Are Investors Undervaluing ENGIE - Sponsored ADR (ENGIY) 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.
Engie: Investing For Growth With A Tasty Dividend Yield
Engie is well-positioned to benefit from its renewable energy capacity growth and energy infrastructure. The EU Commission has approved Engie's nuclear deal with the Belgian. This approval fully confirms Engie's de-risking strategy and offers downside protection. Beat in DPS (with an 8.5% dividend yield) while investing for growth makes Engie a Buy. The company's valuation is also at a discount compared to its peers.
Engie SA (ENGIY) Q4 2024 Earnings Call Transcript
Engie SA (OTCPK:ENGIY) Q4 2024 Earnings Conference Call February 27, 2025 9:00 AM ET Company Participants Delphine Deshayes - Investor Relations Catherine MacGregor - Chief Executive Officer Pierre-François Riolacci - Executive Vice President, Finance, ESG and Procurement Paulo Almirante - Senior Executive Vice President, GBU Renewable & Flex Power Conference Call Participants Harry Wyburd - Exane Ajay Patel - Goldman Sachs Louis Bourjard - ODDO Meike Becker - HSBC Bartlomiej Kubicki - Bernstein Juan Rodriguez - Kepler James Brown - Deutsche Bank Delphine Deshayes Good afternoon, everyone. It's a great pleasure to welcome you to Engie's 2024 full year results and Market Update presentation.
Engie's net operating profit for 2024 down 6.2%
French utility Engie posted a 6.2% fall in 2024 operating profit excluding nuclear on Thursday, due to a decline in gas prices, the impact of an energy tax in France and a decrease in gas-fired power plant usage in Europe.
EU regulators clear aid for Engie's Belgian nuclear reactors
EU competition regulators on Friday approved Belgium's plan to grant state aid to French energy company Engie's Belgian unit to extend the lifespan of two nuclear reactors, closing an in-depth investigation opened last July.
Saudi Arabia's ACWA Power to buy Engie's share in Kuwait and Bahrain assets
Saudi Arabia's ACWA Power plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer ENGIE , according to a joint statement on Wednesday.
Engie: Earnings Reversal Could Bring About Excellent Returns
Engie is a complex integrated utility with significant regulated exposure, including the French gas network, and is transitioning towards regulated electricity and renewables. The company is expected to see earnings declines in 2024-2025, but stabilization is forecasted for 2026-2027, with a dividend yield around 5-9%. Engie trades at a discounted valuation with a BBB+ rating and a P/E of 7.3x, presenting a market-beating return potential.
Engie still sees strong US appetite for renewables
French power group Engie still sees strong appetite in the U.S. for renewable energy projects and expects the country to remain an integral part of the company's portfolio, Executive Vice President Edouard Neviaski said on Monday.
Italy's ERG to supply 220 GWh of wind power to France's ENGIE
Italian renewable energy company ERG said on Monday it had signed a power purchase agreement with ENGIE to supply the French energy firm with 220 gigawatt hours (GWh) of electricity over a five-year period.
Best Income Stocks to Buy for December 24th
ENGIY, NJR and PINC made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 24, 2024.
Engie: Supportive Earnings And Yields
Engie's Q3 results exceeded expectations, with EBIT at €8.1 billion and net recurring income projected at the upper end of guidance ranges. The company's strong cash flow and lower-than-anticipated financial costs support a positive outlook, with a dividend yield of 7–10% until 2027. Despite regulatory risks in France and the USA, ENGIY's growth strategy in renewable energy and robust operational performance drive our buy rating.
Best Income Stocks to Buy for November 8th
FFIC, SPPJY and ENGIY made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 8, 2024.
