Enel posts 6.5% rise in 9-mth core profit on renewable power growth
Italy's biggest utility Enel said on Wednesday its nine-month core profit rose 6.5% year on year, on the back of strong renewable power production, which more than compensated a fall in retail energy prices in its home country.
Enel: Impressive Performance, Cautious Strategy
Enel posted impressive results in the first half of 2024, with earnings growing by 9% despite a reduced growth plan. The company's strategy now focuses on investing in Regulated Assets over Renewables, aligning with impending national regulation and aiming for consistent returns. Shareholder returns are prioritized with a set dividend floor and potential for growth, but risks include political interference, concentration in Southern Europe, and macroeconomic conditions.
Enel wins 11.5 GW in Italy's capacity market auction for 2025
Italy's biggest utility Enel has won contracts to supply 11.5 gigawatt (GW) of power capacity to be delivered in 2025 under the country's capacity market auction, the company said on Wednesday.
Amid Massive Market Rotation, Where Are The NEXT Big Profit Plays?
This was a week of massive market ROTATION – Out of big-cap technology stocks and into everything from small caps to precious metals and mining shares. Is this just a blip?
Locals help Enel launch northern Italy's largest solar plant
The renewable unit of energy group Enel has started up a solar plant with an installed capacity of around 87 megawatt (MW), making it the biggest in northern Italy, the company said on Tuesday.
