|Bid||5.34 x 115200|
|Ask||5.39 x 1940200|
|Day's range||5.31 - 5.39|
|52-week range||3.82 - 5.59|
|PE ratio (TTM)||22.38|
|Earnings date||14 Feb 2018|
|Forward dividend & yield||0.21 (3.37%)|
|1y target est||5.71|
Italian energy firm Enel SpA said it was looking to collaborate with Israeli startups to develop new technologies to make traditional and renewable energy production more cost-effective. Enel, Europe's biggest utility, is teaming up with Israeli construction firm Shikun & Binui in opening an innovation lab in May that will look for companies to develop projects. "We don't want to be the Kodak or Nokia of the energy industry," Fabio Tentori, head of Enel's innovation hubs, told Reuters on the sidelines of a business conference.
MILAN/LONDON, Dec (Shanghai: 600875.SS - news) 19 (Reuters) - European shares pulled back on Tuesday in a broadly weaker market as a rally inspired by investor optimism about a tax reform in the United States lost its strength. Traders said there was no clear catalyst but that jitters on the bond market, where Germany's 10-year government bond yield hit a three-week high with its biggest one-day jump in more than three months, had weighed.
BRUSSELS, Dec (Shanghai: 600875.SS - news) 13 (Reuters) - A group of big technology, industry and power companies have called on the European Union to set a target for renewables of at least 35 percent when EU energy ministers meet next week. , IKEA, Microsoft (Euronext: MSF.NX - news) , Philips (Amsterdam: PHIA.AS - news) and Unilever (NYSE: UL - news) , say an ambitious target would encourage their investment in multi-year wind and solar power supply contracts, known as Power Purchase Agreements (PPAs). In a letter, the 50 big firms called on EU energy ministers to lift all regulatory barriers to PPAs, to which firms are increasingly turning to source electricity needed for energy-intensive data centres or to run heavy machinery.
Russia's ESN Group, controlled by businessman Grigory Berezkin, is considering buying the Reftinskaya coal power plant from Italy's Enel, Berezkin told Reuters late on Monday. Enel, Italy's biggest utility, has mandated Sberbank to arrange the sale of the plant as it was switching to the renewable business, including the wind power.
The Italian utility company said it will sell an 80% stake in its subsidiary that owns the 200-megawatt Caney River and 150-megawatt Rocky Ridge wind farms.
MILAN/LONDON, Nov 30 (Reuters) - Private equity (IOB: 0QLS.IL - news) investor Terra Firma is gearing up to launch a $1.2 billion sale of its Italian solar-power assets, a deal that could pave the way for more consolidation in European solar energy, sources said. The sale of RTR Rete Rinnovabile should kick off in January and its solar farms, scattered across 132 locations, will be sold as one block, the sources said. If successful, the deal will be Italy's largest solar energy sale in a fragmented industry under pressure to consolidate with the end of generous state subsidies.
LONDON/MILAN (Reuters) - Europe's biggest utility Enel will ramp up spending on digital networks to offer smart meters, remote home appliance controls and car charging points, the Italian company said on Tuesday. Electricity networks and telecom services are starting to converge as utilities use digital technology to more closely manage power supply and consumption in homes, offices and factories. Enel is building a fibre optic network in Italy to rival former monopoly Telecom Italia (TLIT.MI).
MADRID/FRANKFURT/MILAN (Reuters) - German utility RWE (RWEG.DE) is looking at ways to cut its 16.8-billion euro (15.00 billion pounds) stake in retail business Innogy (IGY.DE), several banking sources told Reuters, adding this could involve a deal with Italy's Enel (ENEI.MI). RWE said last week there was no need to sell the 76.8 percent stake, given the steady dividend it gets from Innogy's networks, renewables and retail businesses that were carved out last year. RWE is being advised by Bank of America Merrill Lynch (BAC.N) on its strategic options, while Enel's advisers include JP Morgan (JPM.N), the people said.
Enel SpA, Europe’s biggest utility by market value, started work on a 320-megawatt wind farm in Nebraska to power a new Facebook Inc. data center in the state.
Europe's biggest utility, Enel (ENEI.MI), left its full-year targets unchanged after core earnings in the first nine months fell on weaker production in Iberia due to drought conditions. The state-controlled company, which holds a majority stake in Spanish utility Endesa (ELE.MC), said ordinary earnings before tax, depreciation and amortisation fell 4.7 percent to 11.3 billion euros, in line with expectations. The company, which is targeting core earnings this year of 15.5 billion euros, said it expected EBITDA growth to accelerate further in the final quarter.
In Perugia, crews from Telecom Italia (TIM) and Enel's rival broadband divisions have been working side by side, digging cable trenches along the same roads, sometimes inches apart. At times, hundreds of workers vied for space across the medieval Umbrian city, the first battleground between the corporate heavyweights as they race to roll out superfast broadband networks across Italy.