Previous close | 15.20 |
Open | 15.35 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 15.35 - 15.66 |
52-week range | 15.15 - 23.18 |
Volume | |
Avg. volume | 797,987 |
Market cap | 17.285B |
Beta (5Y monthly) | 0.54 |
PE ratio (TTM) | 35.26 |
EPS (TTM) | 0.44 |
Earnings date | 31 Oct 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 09 May 2023 |
1y target est | 21.90 |
SINGAPORE (Reuters) -The renewables unit of Portugal's largest utility, EDP, is in talks to sell power directly to Japanese and Korean companies as a way to boost growth in Asia, an official said, a departure from its traditional contracts with state entities. The unit, EDP Renovaveis SA (EDPR), aims to invest 21 billion euros ($23.12 billion) in renewables over the next four years, 80% in North America and Europe, but is betting on deals with corporates to break into the Asia-Pacific region. "We're actually in negotiation.. and actually starting to open up to the Japanese and South Korean corporates, which can itself be a huge enabler for growth," Pedro Vasconcelos, the chief operating officer for Asia-Pacific, said in an interview.
Portugal's largest utility EDP is committed to keeping more than 70% of its wind and solar unit EDP Renovaveis, its chief executive told a news conference on Thursday. Earlier on Thursday it said EDPR, in which it holds a 75% stake, intended to raise 1 billion euros through a share sale, and Lisson Grove Investment, an affiliate of Singapore sovereign wealth fund GIC, had committed to subscribe to the issue at between 19.25 euros and 20.5 euros per share. EDPR is worth 19.5 billion euros ($21 billion) and the share sale would equate to slightly less than a 5% stake, said Chief Executive Miguel Stilwell de Andrade.
Portugal's largest utility EDP is committed to keeping more than 70% of its wind and solar unit EDP Renovaveis, its chief executive told a news conference on Thursday. Earlier on Thursday it said EDPR, in which it holds a 75% stake, intended to raise 1 billion euros through a share sale, and Lisson Grove Investment, an affiliate of Singapore sovereign wealth fund GIC, had committed to subscribe to the issue at between 19.25 euros and 20.5 euros per share. EDPR is worth 19.5 billion euros ($21 billion) and the share sale would equate to slightly less than a 5% stake, said Chief Executive Miguel Stilwell de Andrade.