EDF.PA - Electricite de France S.A.

Paris - Paris Delayed Price. Currency in EUR
10.79
+0.10 (+0.89%)
At close: 5:39PM CEST
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Previous Close10.69
Open10.66
Bid0.00 x 0
Ask0.00 x 0
Day's Range10.64 - 10.80
52 Week Range9.89 - 15.89
Volume2,124,179
Avg. Volume2,132,739
Market Cap32.797B
Beta (3Y Monthly)-0.05
PE Ratio (TTM)22.34
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.31 (2.90%)
Ex-Dividend Date2019-05-22
1y Target EstN/A
  • Moody's

    Edison S.p.A. -- Moody's changes Edison's rating outlook to positive ; affirms Baa3 rating

    Moody's Investors Service ("Moody's") has today affirmed Edison S.p.A.'s Baa3 issuer rating and changed the outlook to positive from stable. The change in outlook to positive reflects the expected improvement in Edison's business risk profile following the divestment of the E&P business expected to close at the end of 2019. The sale is expected to decrease net debt by $750 million this year which will materially reduce Edison's debt leverage.

  • Reuters

    UPDATE 2-European shares tread water with Fed decision looming

    European shares ended flat on Wednesday, as gains for the defensive real estate and utilities sectors were countered by losses in luxury good makers, with caution prevailing ahead of the U.S. Federal Reserve's interest rate decision. After flitting between small gains and losses during the session, the pan-European STOXX 600 closed with a tiny 0.02% gain as investors awaited the U.S. central bank's monetary policy statement due at 1800 GMT. With a rate cut from the U.S. central bank near-certain investors will be focussed on forward guidance, as policymakers are deeply divided on the need for further easing amid improving U.S. economic data.

  • MarketWatch

    EdF climbs after saying faults in nuclear components won't require immediate action

    Electricite de France rose over 3% after saying faults found in nuclear reactor components made by its mostly held Framatome unit do not adversely affect the components' fitness for service and do not require immediate action. EDF and Framatome have since identified 16 steam generators installed on six operating reactor units that deviate from a post-weld detensioning heat-treatment process applied to certain nuclear-reactor components.

  • Financial Times

    France’s EDF sees no need to close problematic nuclear reactors

    “At this stage of the technical investigations being carried out on these components, EDF believes that the observed deviations do not adversely affect the components’ fitness for service and do not require immediate action,” the group, which is majority owned by the French state, said in a statement on Wednesday. The news sent EDF shares up 2.3 per cent as markets opened in Paris. EDF said it had identified issues with “16 steam generators installed on six operating reactor units: reactors no. 3 and 4 at Blayais, reactor no. 3 at Bugey, reactor no. 2 at Fessenheim, reactor no. 4 at Dampierre-en-Burly and reactor no. 2 at Paluel”.

  • Reuters

    Luxury stocks push European shares lower, all eyes on Fed

    Losses in luxury stocks dragged European shares lower on Wednesday, while investors remained wary of making big bets ahead of a widely expected interest rate cut by the U.S. Federal Reserve. Swiss luxury goods group Richemont fell nearly 5%, weighing the most on the pan-European STOXX 600 index, while Swatch declined 2.4% after a bearish note by UBS. The benchmark European index dipped 0.1%, with Paris-listed shares lagging the most.

  • World’s Biggest Crane Gets to Work at British Nuclear Plant
    Bloomberg

    World’s Biggest Crane Gets to Work at British Nuclear Plant

    (Bloomberg) -- The world’s largest crane is getting ready to hoist more than 700 of the heaviest pieces of the first new nuclear plant being built in Britain in decades. The machine, affectionately known as “Big Carl” after an executive at Belgian owner Sarens NV, is in place at Electricite de France SA’s 19.6 billion-pound ($24.1 billion) Hinkley Point C project in southwest England. It can carry as much as 5,000 tons, or the same weight as 1,600 cars, in a single lift and arrived on 280 truck loads from Belgium. It has taken about three months to build.Nuclear power makes up about a fifth of Britain’s electricity. Most of those plants are near the end of their lives and will close in the next decade. Replacing them won’t be easy—as the scale of the project shows. Earlier this year, EDF poured 9,000 cubic meters of cement, the biggest single biggest pour of concrete ever recorded in Britain. It was reinforced by 5,000 tons of steel built into a nest 4 meters high that’ll serve as the base of the first new reactor in the U.K. since 1995.Big Carl in numbers:Stands 250 meters tallPowered by 12 enginesCapable of lifting 5,000 tons at a radius of 40 metersSupported by 52 counterweights each weighing 100 tonsRuns on 96 individual wheels as it moves between 3 locationsThe new Hinkley plant is the biggest engineering project in the U.K. by some distance. It will cost more than the tunnel under the English channel, use enough steel for a railway from between London to Rome and require enough concrete to build 75 sports stadiums.The plant won’t produce any electricity for at least six years. When it does, contracts signed between EDF, its partner China General Nuclear Power Corp., and the U.K. government will result in payments of almost double of what offshore wind developers will get in the coming years.(Fixes nationality of company owning the crane in the second paragraph.)To contact the author of this story: Jeremy Hodges in London at jhodges17@bloomberg.netTo contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • French Nuclear Giant EDF Warns of Substandard Reactor Parts
    Bloomberg

    French Nuclear Giant EDF Warns of Substandard Reactor Parts

    (Bloomberg) -- Electricite de France SA, which dominates the nation’s power production, said some of its reactors may contain substandard components. The utility’s shares tumbled.EDF didn’t say if any of the country’s 58 reactors will have to be halted, but electricity prices surged in anticipation of shutdowns. The announcement is another blow to the nuclear industry in France, which is more dependent on atomic energy than any other nation.EDF’s repeated problems with the quality of reactor components, which include faulty welds in its flagship Flamanville project and anomalies in manufacturing records at the Creusot forge, add to growing global concerns about the suitability of nuclear energy as an alternative to polluting fossil-fuel plants. Beyond the longstanding questions about reactor safety after the Chernobyl and Fukushima accidents, there are doubts about its economic viability as the cost of renewable energy plunges.“Post-Fukushima, safety rules are so stringent that unplanned halts are becoming more and more frequent,” said Tancrede Fulop, an analyst at Morningstar. “That is undermining the nuclear case for a low-cost, baseload production of low-carbon electricity.”Technical StandardsFramatome, a French supplier of atomic equipment taken over by EDF and some partners almost two years ago, has informed the utility “of a deviation from technical standards governing the manufacture of nuclear-reactor components,” Paris-based EDF said in a statement on Tuesday. “It concerns in-service components as well as new components which have not yet been installed on any sites.”The companies are looking at a process first introduced more than a decade ago at the Saint-Marcel plant in Burgundy, Framatome’s head of communications Remi Calvet said by phone.Three years ago, EDF had to check almost a third of its nuclear reactors after uncovering manufacturing problems in key components made by Framatome, then called Areva, at the Creusot forge. That forced longer-than-planned maintenance outages, reducing the utility’s output. A new reactor under construction in Flamanville, western France, is also marred by construction delays.This latest incident doesn’t help EDF’s image as it seeks to build nuclear plants abroad, Bloomberg Intelligence analyst Elchin Mammadov said in a note. “The technical issues related to the manufacturing of nuclear-reactor components by Framatome could affect EDF’s nuclear output,” similar to the impact of Creusot irregularities, he said.Shares of the company fell as much as 8.8%, the biggest drop in almost two years, and were 7% lower at 10.095 euros at 2:03 p.m. in Paris. French power prices for the fourth quarter rose as much as 11% to 56.90 euros a megawatt-hour, a record jump for the contract.The deviation in technical standards “concerns an excursion from temperature ranges in certain areas during manufacturing operations, more specifically involving detensioning heat treatment on some steam generator welds,” EDF said. It has alerted the French nuclear safety authority, and will provide additional information as checks progress, it said.Framatome and EDF are making “very complex calculations” to find out if the deviation will have an impact on the “integrity” of the components, Calvet said. Some equipment produced at the Saint-Marcel facility used different manufacturing processes, which aren’t in question, he said(Updates with Framatome comment in sixth paragraph.)To contact the reporter on this story: Francois de Beaupuy in Paris at fdebeaupuy@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Christopher SellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    EDF shares tumble on reports of nuclear component issues

    EDF’s shares fell by the most in nearly two years on Tuesday after the nuclear-focused utility said it had been informed of problems with some of its nuclear components. The French energy company said in a statement that Framatome, an engineering and construction firm majority owned by EDF, had informed it “of a deviation from technical standards governing the manufacture of nuclear-reactor components”. “EDF informed the French nuclear regulatory authority of its initial investigations,” said the company, adding it “will provide additional information as characterisation work progresses”.

  • Reuters

    CORRECTED-UPDATE 2-European stocks close tad higher, led by gains in banks, energy

    A rally in banking shares and other recently battered sectors such as oil and gas and automakers kept the mood buoyant in European stock markets on Tuesday, as investors speculated over policy measures by the European Central Bank later this week. The pan-European STOXX 600 index, after opening in the red, closed 0.1% higher as the banking index climbed for a fifth session, its best five-day rally since April 2017. Oil and gas, basic resources and automakers - among the worst-hit sectors this year on worries over the U.S.-China trade war, Brexit and a global slowdown - gained between 0.2% and 2%.

  • MarketWatch

    EdF shares tumble after saying it's found faults in part manufacturing

    Shares of Electricite de France dropped sharply in early action, losing nearly 8%, after saying its majority-owned nuclear reactor construction firm Framatome had found anomalies in its part manufacturing. The faults concerns in-service components as well as new components which have not yet been installed on any sites.

  • Financial Times

    EDF nuclear blow sparks share price meltdown

    French energy giant EDF’s nuclear programme was dealt a further blow on Tuesday as welding problems at some of its plants sparked the biggest daily fall in the company’s shares in nearly two years. The components are made by Framatome, EDF’s majority-owned nuclear reactor construction unit. It is too early to tell whether reactors at some of EDF’s 58 nuclear power stations will be shut, but the problems caused a sharp rise in gas prices in the UK, which imports electricity from France.

  • Financial Times

    EDF/French nuclear: pressurised decisions

    EDF of France has discovered flaws in the manufacture of nuclear reactor parts . Details are scant. It looks like a significant setback for a nuclear-focused energy utility plagued by cost overruns and ...

  • Financial Times

    How can we pay for new nuclear power stations?

    The basic issue is whether nuclear power can be provided at a cost that does not damage industrial competitiveness or impose an unacceptable burden on consumers. Despite a long standing commitment to build 16GW of new nuclear capacity, only one new plant is under construction — Hinkley Point C in Somerset — which will, when eventually brought on stream, impose a long-term burden on UK consumers. The latest attempt to reduce this headline price slipped out in a consultation paper from the department for business, energy and industrial strategy in the dying hours of former UK prime minister Theresa May’s administration.

  • Financial Times

    Adrian Montague to take top role at City lobby group

    Financial services lobbying group TheCityUK has appointed Aviva chairman Adrian Montague to chair its advisory council, one of the highest-profile roles in the Square Mile. The advisory council’s 70-plus members are drawn from the top ranks of the financial services industry and steer the lobby group’s policy positions along with its board, which guides the trade association’s day-to-day activities. Sir Adrian will take the role at the end of September, a month before the UK’s scheduled departure from the EU.

  • A Closer Look At Electricité de France S.A.'s (EPA:EDF) Uninspiring ROE
    Simply Wall St.

    A Closer Look At Electricité de France S.A.'s (EPA:EDF) Uninspiring ROE

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Reuters

    Russia, China and S.Korea vie for Bulgarian nuclear project

    State run energy companies from Russia, China and South Korea are among seven groups interested in becoming strategic investors in Bulgaria's Belene nuclear power project, the Balkan nation's energy minister said on Tuesday. Neighbouring North Macedonia has also expressed an interest in a minority stake and long-term contracts to buy electricity from the 2,000 megawatt project on the river Danube, estimated to cost 10 billion euros ($11 billion), Temenuzhka Petkova said.

  • Reuters

    UPDATE 1-Bulgaria nuclear project attracts China and S.Korea interest-sources

    SOFIA/MOSCOW, Aug 19 (Reuters) - State-run companies from China and South Korea have applied to be strategic investors in Bulgaria's revived Belene nuclear project, two industry sources familiar with the process said on Monday after Russia's Rosatom said it wanted to take part. Sofia plans to pick a strategic investor or investors by May 22 next year to install and run two Russian-made 1,000 megawatt reactors at Belene project on the river Danube. Energy Minister Temenuzhka Petkova will announce the bidders on Tuesday morning, the energy ministry said, a move preempted by Russia's state-owned Rosatom which said it had applied to take part in the project.

  • How Electricité de France S.A. (EPA:EDF) Could Add Value To Your Portfolio
    Simply Wall St.

    How Electricité de France S.A. (EPA:EDF) Could Add Value To Your Portfolio

    Attractive stocks have exceptional fundamentals. In the case of Electricité de France S.A. (EPA:EDF), there's is a...

  • Thomson Reuters StreetEvents

    Edited Transcript of EDF.PA earnings conference call or presentation 26-Jul-19 6:30am GMT

    Half Year 2019 Electricite de France SA Earnings Call