|Bid||20.62 x N/A|
|Ask||20.65 x N/A|
|Day's range||20.58 - 20.92|
|52-week range||17.06 - 23.77|
|Beta (5Y monthly)||0.52|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||1.87 (9.46%)|
|Ex-dividend date||29 Jun 2022|
|1y target est||N/A|
Surging European gas prices and high demand for electricity in the cold winter months have granted a reprieve to a coal plant in northwest Spain, but its workers' future is unclear. Set to close under Spain's efforts to cut carbon emissions, the As Pontes plant in Galicia was idled for several months last year by power company Endesa but it restarted in November as soaring gas prices made coal an attractive option. The constant back and forth leaves employees like Marcos Higinio Prieto, who has worked at the 1,400 megawatt (MW) for 13 years, in limbo.
Several European power firms have been shut out of bumper revenues from record high gas and electricity prices as their sales are largely locked in at lower prices, and face extra pressure from governments acting to protect consumers. Power generators say government intervention could prevent longer-term investment needed to drive the bloc's energy transition plans, while smaller retail suppliers without the capital to hedge could go bust - limiting choice for consumers. Benchmark European gas prices have soared some 250% this year due to a number of factors such as low stock levels, high demand in Asia and infrastructure outages, taking power prices to record highs across Britain and Europe.