Enel: Most Preferred Utilities With Improved Capital Allocation
Enel's strategic plan aims to maximize shareholder returns while pivoting the company's new CAPEX towards developed geographies. The company plans €43 billion in CAPEX, focusing on grids and renewables, which will contribute by 70% of the 2027 EBITDA projection. Despite no short-term catalysts, Enel's unjustified discount to peers and higher dividend yield make it a compelling buy.
Italy's Enel to invest over $45 bln by 2027
Italy's Enel plans to invest 43 billion euros ($45.30 billion) in the next three years, of which 26 billion euros will be allocated for power grids and the remainder for renewable projects, the utility said on Monday.
Enel SpA (ENLAY) Nine-Month 2024 Results Earnings Conference Call Transcript
Enel SpA (OTCPK:ENLAY) Nine-Month 2024 Results Earnings Conference Call November 6, 2024 ET Company Participants Omar Al Bayaty – Head-Investor Relations Stefano De Angelis – Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to the Enel Nine-Month 2024 Results Conference Call.
Brazil sues Italy's Enel for power outage reparations
Brazil's solicitor general's office said on Friday that it is suing Italy's Enel for 260 million reais ($45.12 million) in collective restitution due to damages caused by last month's power outage in Sao Paulo, Latin America's largest city.
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.
