Engie S.A. Sponsored ADR (ENGIY)
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.
Engie reports 11% fall in nine-month earnings
French utility Engie said on Thursday its nine-month earnings fell 11% from a year earlier, as higher hydropower and renewable energy output failed to fully offset lower income from its gas trading business.
Engie to provide Meta with 260 MW of renewable energy from US solar plant
Engie has signed a deal with Facebook owner Meta Platforms for the U.S. social media group to buy 100% of the output from its U.S. Sypert solar power plant, the French utility said on Thursday.
Engie and Morocco's OCP renewables deal worth billions, says source
Morocco's phosphates and fertilizer giant OCP and French energy firm Engie signed a preliminary agreement on Monday for projects that could generate investments in Morocco worth up to 17 billion euros ($18 billion) in desalination, renewable energy and green hydrogen, a source close to the deal said.
Engie: Finding More Value In France With A 'Buy'
Engie SA has derisked its business significantly over the past 24 months, offering solid yield and potential upside. Lower interest rates make utilities like ENGIY more attractive, with stabilized power prices and falling government bond yields. Engie's valuation and yield patterns are appealing, especially given the current state of the French market.
Engie the big winner of Brazil's second power transmission auction of 2024
Engie Brasil was the big winner of a power transmission auction held by Brazil on Friday, securing a contract to build transmission lines and substations in five states with investments of 2.9 billion reais ($533.8 million).
Engie: 2024 Guidance Upgraded, Buy Reconfirmed
The new upgraded guidance is not reflected in the consensus. This is supportive of the company's equity story. We see support from Engie's renewable capacity addition and lower debt. The company trades at a significant discount to peers. Therefore, we confirm our buy rating.
