Previous close | 19.74 |
Open | 19.98 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 19.64 - 19.98 |
52-week range | 18.68 - 26.87 |
Volume | |
Avg. volume | 749,810 |
Market cap | 20.301B |
Beta (5Y monthly) | 0.52 |
PE ratio (TTM) | 31.29 |
EPS (TTM) | 0.63 |
Earnings date | 03 May 2023 |
Forward dividend & yield | 0.09 (0.45%) |
Ex-dividend date | 27 Apr 2022 |
1y target est | 23.30 |
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.
Portugal's largest utility, EDP said it will step up investment and spend 25 billion euros ($27 billion) over four years to nearly double its renewable energy capacity to 33 gigawatts (GW) by 2026. In its strategic plan through 2026, unveiled on Thursday, EDP said 21 billion euros would be invested by its wind and solar unit EDP Renovaveis - the world's fourth-largest renewable energy producer - and 4 billion euros would be directed towards electricity grids. This would increase average annual investment to 6.2 billion euros, 30% above what it projected in a previous plan that ran to 2025.