|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.8400 - 2.8550|
|52 Week Range||1.9200 - 3.0300|
|Beta (5Y Monthly)||0.89|
|PE Ratio (TTM)||15.80|
|Forward Dividend & Yield||0.07 (2.33%)|
|Ex-Dividend Date||Dec 04, 2019|
|1y Target Est||N/A|
China's announcement of more than 5,000 new coronavirus cases and 121 new deaths indicate the epidemic hasn't peaked yet. A pan-European index is in fact opening at record highs, buoyed by … answers on a postcard. The thinking appears to be the virus impact will not last, it’s not spreading outside China as fast as feared and above all, central banks can step in -- slower growth will bring more stimulus, or at least lower interest rates for longer.
(Bloomberg) -- Electricite de France SA said higher retail power prices will drive further profit growth this year after 2019 earnings beat estimates.Earnings before interest, taxes, depreciation and amortization may rise as much as 7.8% from the 16.7 billion euros ($18.1 billion) it reported for last year, the state-controlled utility said Friday.Key InsightsLast year’s results reflect higher prices in France and the U.K. and a capital gain from the sale of renewable assets, which offset prolonged maintenance shutdowns and unplanned halts at EDF’s aging nuclear plants.In 2020, the company expects to benefit from an increase in French regulated electricity tariffs and a potential rebound in domestic nuclear output.Yet mild first-quarter temperatures and the retirement of two reactors at Fessenheim could hurt profit margins. That makes it crucial to maintain cost savings as EDF struggles to cover hefty capital-spending commitments with cash flow.To keep a lid on debt, EDF has pledged to sell as much as 3 billion euros of assets in the two years to 2020, adding to a previous four-year divestment program. The target includes the sale of shares in CENG, decided on last year and potentially completed in 2021.Know MoreEDF sees 2020 Ebitda in the range of 17.5 billion to 18 billion euros, while analysts estimate 17.6 billion euros.The company expects French nuclear production to be between 375 terawatt-hours and 390 terawatt-hours this year, compared with 379.5 terawatt-hours in 2019.EDF will pay a 2019 dividend of 48 euro cents a share.For more detailed earnings data, click here.To contact the reporter on this story: Francois de Beaupuy in Paris at firstname.lastname@example.orgTo contact the editors responsible for this story: James Herron at email@example.com, Amanda JordanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Electricité de France S.A. (EPA:EDF) shareholders should be happy to see the share price up 24% in the last quarter...
(Bloomberg) -- Death threats, random power cuts, tossed boots and blockades.Those are the methods being used by hard-line French unions protesting President Emmanuel Macron’s pension reform as a record-long transport strike fizzles out and a bill on the new system heads to parliament.The country is “seeing violent behavior, blockades and sometimes acts that are completely opposed to the spirit of public service, totally illegal and, in reality, totally unacceptable,” Prime Minister Edouard Philippe told the French Senate on Wednesday.With the transport strike that hit the Paris region particularly hard all but over, the government has been emboldened. It will press ahead with its project for a universal pension plan, presenting a bill in a cabinet meeting on Friday.Pushing through the reform will be a major win for Macron, who will have shaken up a special-regimes system, especially in the public sector, that allowed some people to retire in their early 50s. He will have succeeded where his predecessors failed.Radical ActionFrustrated at concessions made by their more moderate counterparts, far-left unions -- especially the largest public sector group, CGT -- have hit out.On Tuesday, the Paris headquarters of the moderate CFDT union were stormed by activists from more militant groups. Finance Minister Bruno Le Maire and Budget Minister Gerald Darmanin received death threats in letters that included bullets, a spokesman for the ministries said.Units of the communist-backed CGT union cut off power in parts of the country, such as around Paris’ Orly airport, impacting local inhabitants and businesses, and shut down France’s largest hydro-power plant. Sewage workers, teachers and other public servants downed their tools in front of the finance ministry.Some universities -- in Tours and Paris -- were barricaded and some roads in Normandy were blocked, prompting the police to intervene, Agence France-Presse reported.Punishment SoughtCGT, which has been at the forefront of the strikes and has demanded that the reforms be abandoned, said it plans similar actions in coming days.“These are targeted actions; we don’t target citizens, even if there could be some collateral damage,” the CGT’s leader Philippe Martinez said on BFM TV on Wednesday. “It’s not destroying the economy.”The government will push ahead with the reforms that seek to merge about 42 different regimes into one points-based system, Prime Minister Philippe told the National Assembly on Tuesday, adding that all protests deemed illegal will be punished.Two employees from power distribution group Enedis, a unit of EDF SA, were placed in custody for cutting power to a high-risk industrial plant in Dordogne, south of France, according to AFP. More could face legal action.‘We Massacre’Following seven weeks of disruptions, French railways and the Paris metro have resumed operations, while turnout in recent street demonstrations has been falling.That’s after Philippe made temporary concessions on the retirement age, prompting France’s biggest private sector union CFDT to suspend its strike. Discussions on pension details are ongoing.Macron should take into account opposition to his reforms and withdraw the proposals, according to 61% of the French surveyed in an Elabe poll published on Wednesday.Still, the pension bill will be reviewed during a cabinet meeting on Friday before being sent to parliament for debate.Hard-line unions say they won’t give up easily.“Either you convince Macron that this is enough, that he spikes his reform, or we massacre,” according to one of the death-threat letters sent to the finance and budget ministers.\--With assistance from James Regan.To contact the reporters on this story: Geraldine Amiel in Paris at firstname.lastname@example.org;Rudy Ruitenberg in Paris at email@example.comTo contact the editor responsible for this story: Vidya Root at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg Opinion) -- Everywhere you look, it seems there’s another ad trying to persuade people that natural gas is the key to a clean energy future. The American Petroleum Institute (API) is running a seven-figure campaign touting its climate benefits, despite the fact that natural gas is a fossil fuel with a significant carbon footprint.The industry conducts misleading campaigns like this one because pressure to reduce greenhouse emissions is building. People are coming to realize that we need a 100% clean economy, and they increasingly want pollution-free energy.To be sure, gas can be lower-emitting than other fossil fuels: For example, gas releases about half as much carbon dioxide as coal during combustion. But natural gas is made of the potent greenhouse gas methane, and methane leaks are far too common across the industry. The result is emissions that can be staggeringly large, threatening to undermine whatever near-term climate advantages gas offered in the first place.And even as the industry promotes natural gas as an eco-friendly alternative to coal, it’s fighting rules to curb those harmful leaks. Groups like the API are championing the Trump administration’s plans to abolish EPA regulations on methane emissions across the oil and gas supply chain, and to remove all federal air pollution rules for pipeline and storage facilities. Together, that could result in 5 million metric tons of methane entering the atmosphere each year — equivalent to the emissions from 109 coal plants. So much for that clean energy future.Fortunately, not everybody wants to roll back the environmental clock. Leading producers like Shell, BP, Equinor, Pioneer and Jonah Energy have indicated opposition to Trump’s proposal, with some even calling for stronger federal regulation. Leading gas customers — more than a dozen electric and gas utilities, including Calpine and Exelon — support the standards, too.But the vast majority of American oil and gas companies, collectively responsible for nearly 90% of total U.S. production, have stayed conspicuously quiet in the face of a rollback that will make their product dirtier.Consider the implications for climate change. Methane from human activities is responsible for more than a quarter of the global warming we’re experiencing today, and the oil and gas industry is responsible for a quarter of that. Each pound of methane released has more than 80 times the warming power of the same amount of carbon dioxide the first 20 years after it is released.That means every company with an interest in natural gas — producers, users, distributors — has a vital stake in reducing methane emissions and supporting the policies necessary to do the job. This includes the electric utilities banking on gas to meet their own climate targets, along with investors in each of these areas.Worldwide, oil and gas companies release an estimated 79 million metric tons of methane each year. A five-year series of studies organized by EDF recently concluded that emissions from the U.S. oil and gas sector were a full 60% higher than EPA estimates. And much of that research predates the massive production boom in the Permian Basin, where research suggests the amount of methane escaping has tripled in just the past two years.Some operators are setting targets and implementing straightforward measures like replacing leaky valves and inspecting more regularly for leaks. But in a fragmented industry with thousands of companies, regulations are essential to raise the bar for everyone.The best science tells us that to have a fighting chance at climate stability, the U.S., European Union and other advanced economies need to reach net-zero greenhouse gas emissions by mid-century, with the rest of the world following soon after. While there are different scenarios for achieving that goal, there’s no doubt industry’s methane pollution must be virtually eliminated.And there’s no doubt it can be done.The International Energy Agency estimates that oil and gas methane emissions can be cut by 75% using technologies available today, and that two-thirds of that can be achieved at no net cost. And according to the IEA, the environmental upside is staggering: Those no-cost reductions alone would have the same climate benefit as immediately shutting all the coal-fired power plants in China.That’s one reason why investors managing more than $5.5 trillion across both sides of the Atlantic have opposed the rollback, and have called on the industry to speak up in support of the U.S. methane rules. A growing number of leading oil and gas firms have acknowledged that methane is a major challenge, but also an important opportunity to demonstrate real, measurable climate progress.The private sector has a critical role to play in opposing rollbacks in the U.S., and supporting new policy in the EU, which has a unique opportunity to leverage its role as a major gas buyer. If oil and gas companies really want to be part of a cleaner global energy future, it’s time for them to step up and support strong methane rules.To contact the author of this story: Fred Krupp at email@example.comTo contact the editor responsible for this story: Tracy Walsh at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Fred Krupp is the president of Environmental Defense Fund and has guided EDF for three decades.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Jean-Bernard Lévy became the CEO of Electricité de France S.A. (EPA:EDF) in 2014. This analysis aims first to contrast...
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at...
Moody's Investors Service ("Moody's") has today assigned a Baa3 long-term rating to the Reset Perpetual Subordinated Notes (the junior subordinated "Hybrid") to be issued by Electricite de France (EDF, the Group or the Company). The Baa3 rating assigned to the Hybrid is one notch lower than EDF's baa2 standalone Baseline Credit Assessment (BCA), and three notches lower than EDF's A3 senior unsecured rating. It is perpetual, deeply subordinated and EDF can opt to defer coupons on a cumulative basis; and (2) that the A3 senior unsecured rating benefits from two notches of uplift based on our expectations for potential extraordinary support from the French government (rated Aa2 with a positive outlook).
British Prime Minister Boris Johnson promised on Sunday "to get Brexit done", with his Conservative Party making an election pledge to bring his deal to leave the European Union back to parliament before Christmas. With Britain heading to the polls on Dec. 12, the governing Conservatives rolled out an election manifesto that promised more public sector spending and no further extensions to the protracted departure from the EU.
British Prime Minister Boris Johnson will promise to bring his Brexit deal back to parliament before Christmas when he launches his manifesto on Sunday, the cornerstone of his pitch to voters to "get Brexit done". Voters face a stark choice at the country's Dec. 12 election: opposition leader Jeremy Corbyn's socialist vision, including widespread nationalisation and free public services, or Johnson's drive to deliver Brexit within months and build a "dynamic market economy". Opinion polls show Johnson's Conservative Party commands a sizeable lead over the Labour Party, although large numbers of undecided voters means the outcome is not certain.
Today we'll evaluate Electricité de France S.A. (EPA:EDF) to determine whether it could have potential as an...
Brazil's state nuclear power company Eletronuclear plans to complete its long-delayed Angra 3 plant by partnering with either China's National Nuclear Corporation (CNNC), France's EDF or Russia's Rosatom, its president Leonam Guimaraes told Reuters. Eletronuclear will decide by the end of the year whether to create a subsidiary joint venture or if the foreign partner will become a minority shareholder in the state company, which would entitle it to a stake in its existing Angra 1 and 2 nuclear power plants, Guimaraes said.
U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though a global task force called on them to do so two years ago, Moody's Investors Service said in a report on Monday. The analysis of the public filings of 28 building materials, oil and gas and utility companies comes after the Financial Stability Board's Task Force on Climate-Related Financial Disclosures in 2017 recommended voluntary disclosure by companies of the financial impact of climate change.
The decline of nuclear in the global energy mix poses a threat to economies and efforts to reduce carbon emissions, International Energy Agency (IEA) Executive Director Fatih Birol said on Wednesday. Safety concerns, soaring costs and technological setbacks have slowed nuclear projects since the Fukushima nuclear plant disaster in Japan in March 2011. At the same time, despite governments setting ambitious targets to cut green house gas emissions responsible for global warming, emissions hit a record high in 2018.
Is Electricité de France S.A. (EPA:EDF) a good dividend stock? How can we tell? Dividend paying companies with growing...
French utility EDF faces an additional 1.2 billion euros in costs to repair faulty weldings at the nuclear reactor it is building in northern France, bringing the total budget to more than 12 billion euros, news daily Le Figaro reported on Tuesday, citing sources. The French Nuclear Safety Authority (ASN) said earlier this year that EDF faced new cost overruns and delays of up to three years at the nuclear reactor in Flamanville after the regulator ordered repairs. ASN has said EDF would have to repair eight faulty weldings in the reactor's containment building, adding that it had rejected a request to delay repairs until 2024, after its start-up.