|Bid||0.000 x 130100|
|Ask||0.000 x 267700|
|Day's Range||8.075 - 8.191|
|52 Week Range||6.695 - 10.810|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.33|
E.ON (EONGn.DE) aims to offset a looming drop in profit from its German nuclear plants, which are being phased out by 2022, by increasing earnings from networks, renewables and retail, one of its board members said. Germany is getting out of nuclear power after Japan's Fukushima disaster and E.ON's legacy business contributed 357 million euros (312.57 million pounds), or about a sixth, to its operating profit in the first nine months. "We aim to compensate the expected profit deficit in the area of nuclear power by growing our other three divisions," Leonhard Birnbaum, chief operating officer for E.ON's networks and renewables, told Reuters.
will likely seek talks with Fortum (FORTUM.HE) after the Finnish group's current takeover offer expires on Feb. 2, the chief executive of E.ON (EONGn.DE) said. E.ON earlier this month agreed to sell its remaining 46.65 percent stake in Uniper, which it retained following a spin off of the unit in 2016, for 22 euros (19.32 pounds) per share, lower than Uniper's current price of 24.72 euros. Hedge Fund firm Knight Vinke and activist investor Elliott Management both disclosed stakes in Uniper in December, with the former saying it would not tender its stake under Fortum's current offer.
The Zacks Analyst Blog Highlights: E.ON SE, American Water Works, NextEra Energy, Atmos Energy and Consolidated Edison
E.ON SE (EONGY) is a pretty good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
The first turbine has come online at E.ON's Rampion wind farm off the coast of southeast England, the German utility said on Monday. The 400 megawatt project is being built off the Sussex coast by E.ON, UK Green Investment Rampion Ltd and Canadian energy infrastructure company Enbridge. "Over the coming weeks and months the turbines will one-by-one begin to be turned on and generate power as they are brought online.
Categories: Europe Value Analsysis Yahoo FinanceClick here to see latest analysis Capitalcube gives E.ON SE a score of 25. Our analysis is based on comparing E.ON SE with the following peers – RWE AG Sponsored ADR, CEZ as, Endesa S.A., EDP-Energias de Portugal SA and National Grid plc (RWEA-DE, CEZ-DE, ENA-DE, EDP-DE and NG-GB). Investment Outlook E.ON SE has a ... Read more (Read more...)
German energy group E.ON (EONGn.DE) said operating profit at its retail business fell by more than a third in the first nine months, singling out difficulties in Britain, where key peers announced plans to merge their struggling customer units. Nine-month adjusted earnings before interest and tax (EBIT) at E.ON's customer solutions segment fell by 36 percent to 353 million euros (310.88 million pounds), slightly missing the 362 million average analyst forecast in a Reuters poll. In Britain, where fierce competition and a looming cap on prices have eroded margins and caused established power retailers to bleed customers, adjusted EBIT fell 37 percent to 144 million euros for a profit margin of 2.8 percent.
Britain's energy regulator Ofgem said on Wednesday it would work with the government on Prime Minister Theresa May's plan to cap the most common form of gas and electricity tariffs, after it moved to protect the most vulnerable households. May stunned the industry last week when she announced a plan to impose price caps on standard variable tariffs (SVT), the basic rate that energy suppliers charge if a customer does not opt for a specific fixed-term deal. Around 70 percent of households are on SVTs.
Draft legislation on the British government's plans to cap energy prices will be published on Thursday, a spokesman for Prime Minister Theresa May said on Monday. Last week, May said she would impose a ...
There is a strong consensus within the British parliament that the energy market needs to be restructured and lawmakers will act to give the regulator the necessary power to impose price caps if needed, business minister Greg Clark said. Prime Minister Theresa May stunned the energy market on Wednesday when she announced a plan to impose price caps on standard variable tariffs, the basic rates that energy suppliers charge if a customer does not opt for a specific plan. "If they (the regulator) need legal back-up there is a strong consensus in parliament for this, so we will publish legislation and we'll invite the whole house to endorse this so that they have the legal certainty," Clark told BBC Radio 4 on Thursday.
The British government has a duty to act to stop energy companies taking advantage of their loyal customers by overcharging them, business minister Greg Clark said on Thursday. "A lot of people see themselves as loyal customers and because the companies know that they're loyal ... they are overcharging them," Clark told Sky News.
British Prime Minister Theresa May showed guts and grace by continuing with her keynote Conservative Party conference speech despite a repeated coughing fit and an interruption by a prankster, business minister Greg Clark told Sky on Thursday. "She showed guts and grace," Clark told Sky News.
British business leaders reacted warily to Prime Minister Theresa May's plan for more government intervention in power and housing markets, and said big unanswered questions about Brexit would drag on the economy. In an attempt to counter Britain's left-wing Labour Party, May's speech to her Conservative Party on Wednesday balanced emphasising the importance of free markets with a pledge to cap what she called "rip-off" energy prices. The Institute of Directors, another employer group, said businesses were worried by the signs of more state involvement in the economy from the Conservatives, a week after resurgent Labour proposed bringing billions of pounds worth of private contracts under state control and higher taxes for companies.
A price cap on the British energy market would apply to all standard variable tariffs, Prime Minister Theresa May's office said on Wednesday, in a move that could lower prices for millions of households. ...
British Prime Minister Theresa May said on Wednesday she would impose a price cap on the domestic energy market. "While we are in favour of free markets we will always take action to fix them when they are broken, we will always take on monopolies and vested interests when they are holding people back," May told the Conservative Party's annual conference.
Rating Action: Moody's reviews Fortum's Baa1 ratings for possible downgrade. Global Credit Research- 03 Oct 2017. London, 03 October 2017-- Moody's Investors Service has today placed the Baa1 issuer and ...
German utility E.ON (EONGn.DE) has good reason to try and sell its remaining stake in Uniper, the mainly fossil-fuels based power stations and trading business it spun off last year, to Finland's Fortum (FORTUM.HE), its chief financial officer Marc Spieker said in an interview with Boersenzeitung (BoeZ). "Fortum has spoken positively about Uniper and its management and declared its intention to be a strategic, constructive investor," he added. Analysts have said Uniper fears it could be broken up by Fortum, which focuses on carbon-free power.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Indian billionaire Anil Agarwal is ...
Rating Action: Moody's changes outlook to positive on ENTEGA Netz's Baa3 rating. Global Credit Research- 23 Aug 2017. London, 23 August 2017-- Moody's Investors Service has today affirmed the Baa3 long-term ...
European equities turned positive after a damp start on Tuesday as strong gains in utilities, auto and energy stocks outweighed losses from Pandora after disappointing results. Investors pointed to strong ...