Engie S.A. Sponsored ADR (ENGIY)
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.
Engie CEO: we made an offer to buy a UK asset but this was rejected
Engie CEO Catherine MacGregor said on Friday that Engie had submitted an offer to buy a UK asset but that the French company's offer was ultimately not retained.
France's Engie says profits fall 16% in first half
French power company Engie said on Friday its first-half earnings fell 16% as a warmer winter reduced demand for gas to heat Europe's homes, yet the firm lifted its guidance for the full year.
Engie Q1 income drops on warmer winter, steady market
French energy company Engie on Friday said first-quarter earnings fell 3.2% due to a warmer-than-usual winter depressing natural gas demand and less volatile prices.
