ELECTRICITE DE FRANC Stock News

As we head into New Year 2023, there are clear indications that these top nuclear energy stocks to buy will continue to be attractive. Nuclear energy is one of the few renewable resources available fo

The best nuclear energy stocks represent companies that have a future as world seems to be fast approaching an energy crisis. Oil prices soared during the better part of the year, while natural gas pr

Electricité de France S.A (OTCPK:ECIFF) Q2 2022 Results Conference Call July 28, 2022 2:30 AM ET Company Participants Jean-Bernard Levy - Chairman & CEO Xavier Girre - Group Senior EVP of Group Finan

A new policy from the European Union will boost nuclear power producers. Here are the nuclear energy stocks to buy to profit from it.

Electricite de France SA’s U.K. division reported millions of pounds in lost earnings as nuclear plant outages and the impact of the pandemic added to the burgeoning woes of France’s largest utility.

Electricite de France SA announced measures to bolster its battered finances as a combination of reactor shutdowns and government policies to cap power prices slash its earnings this year.

General Electric Co. said Thursday it expects to book a charge of $700 million to $800 million related to the sale of part of GE Steam Power''s nuclear business to French utility Électricité de France S.A. That transaction, which is expected to close in the first half of 2023, "will result in a reclassification of that business to "held for sale" in the first quarter of 2022," GE said in a regulatory filing. The overall deal is expected to result in a "significant gain," said the filing. EDF said earlier it has signed an exclusive agreement with GE to buy the business, which includes conventional island equipment for new nuclear-power plants as well as steam turbine technology for future plants. Terms were not disclosed. GE shares were down 0.3% premarket, but have gained 7.5% in the last 12 months, while the S&P 500 has gained 17%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

BOSTON--(BUSINESS WIRE)--GE (NYSE:GE) and EDF announced today that they have signed an exclusive agreement for EDF to acquire part of GE Steam Powers nuclear power activities. The proposed transaction would bring together GEs nuclear steam turbine technology and services expertise with EDF strengthening its commitment to the nuclear power sector, creating an industry-leading global steam turbine equipment and services provider within EDF Group. Today, GE Steam Powers nuclear steam turbines a

(Bloomberg) -- Behind Saipem SpA’s shock profit warning last week lurks a huge loss on a contract to supply wind-turbine foundations for an Electricite de France SA project off the east coast of Scotland.

European Electricity Prices Soar After France Cuts Nuclear Output Forecast When we first heard yesterday that Europe''s largest energy producer, French EDF (Electricite de France) had paradoxcially again cut its nuclear output target for a second time in a month - despite already ridiculously high energy costs in France and across the continent - we had a very quick reaction: this would make Putin very happy as Europe would become even more reliant on Russian gas. *EDF CUTS 2022 NUCLEAR OUTPUT TO 295–315 TWH, SAW 300–330 TWH pic.twitter.com/4xMaxFGlBt — zerohedge (@zerohedge) February 7, 2022 EDF said nuclear output is expected to fall to 295 and 315 terawatt-hours in 2022, down from an earlier forecast of 300 and 330 terawatt-hours. The last time the company’s nuclear production fell below 300 terawatt-hours was more than three decades ago. Further cuts to next year’s output could come when EDF reports results later this month, Morgan Stanley said in a report. “When the target is close to or under 300 terawatt-hours, it starts to raise concerns for next winter in terms of supply and demand,” said Emeric de Vigan, chief executive officer at French energy analysis firm COR-e.

Electricite de France (ECIFF) will buy General Electric''s <> France-based unit that makes and maintains turbines for nuclear power stations, French Minister of the Ecological…

Futures Slide After Disappointing JPMorgan Earnings, Tech Rout Worsens After trading flat for much of the overnight session, S&P futures slumped to session lows shortly after JPM reported earnings that disappointed the market (see our full write up here ) and were last trading down 30 points or 0.64%, with Dow futures down 0.3% and Nasdaq futures taking on even more water as the "sell tech" trade was back with a bang. Treasury yields rose 3bps to 1.74% and the dollar reversed an overnight loss. The VIX jumped above 20 and was last seen around 21. The Nasdaq 100 fell to the lowest in almost three months yesterday as tech came under pressure after Fed Governor Lael Brainard said officials could boost rates as early as March. It looks like the selling will continue today. Market sentiment has been shaken by concerns over the prospect of imminent Fed tightening along with record global Covid-19 infection rates, but we dont expect either of these factors to end the equity rally, said UBS Wealth Management CIO Mark Haefele in a note. The fourth-quarter U.S. earnings season, which started this week, could turn investor attention back to strong fundamentals. JPMorgan shares dropped in premarket trading after revenues and EPS beat thanks to a $1.8 billion reserve release while FICC trading revenue missed expectations even as its dealmakers posted their best quarter ever and Chief Executive Officer Jamie Dimon gave an upbeat assessment of prospects for growth.

France''s EDF Crashes Most On Record After Macron Demands Price Caps Electricite de France SA, also known as EDF, is a state-owned electric utility company that the French government has instructed to sell power at a steep discount versus market prices to shield households from soaring electricity prices. The unprecedented decision could cost EDF $8.8 billion. Shares in the utility crashed as much as 25% (most on record) on the news and were trading -16% around 8.70 euros (as of 0640 ET). Francois Breton, a fund manager at Edmond de Rothschild Asset Management, told Bloomberg that EDF is "the first victim" of the country''s upcoming presidential elections in April. French President Emmanuel Macron is relatively unpopular, and the move to counter energy inflation by capping power bills is his attempt to win the support of households. JPMorgan said the utility might have to raise capital on secondary markets to mitigate losses of selling discounted power. It''s "from heaven to hell" for EDF, with a tariff intervention, outages, and imminent capital increase, JPM commodity analysts wrote in a Friday note.

Electricite de France (ECIFF) plunges more than 20% in Paris after warning that the French government''s new measures to limit the impact of soaring power prices on consumers would cost

Europe On Edge Of Energy Disaster As Power Prices Smash All Records Europe''s energy crisis got even worse on Tuesday as a shortage of natural gas, nuclear outages, declining wind power output, and cold weather boosted prices. The gas price at the Dutch TTF hub, the benchmark gas price for Europe, soared 10% to a new record high of 165 euros per megawatt-hour after gas entering Germany at the Mallnow compressor station plunged to zero. Flows were diverted eastward to Poland. European gas prices hit a record high. For some context, European NatGas is trading at an oil-barrel-equivalent price of $340 (why aren''t more producers shifting?) Compared to US NatGas, which has traded in an arbitrageable range for15 years, things are out of control And all of this as gas flows into Europe plummet. Russia''s Gazprom PJSC has steadily reduced gas flows to Europe as the controversial Nord Stream 2 pipeline had its certification delayed until possibly July . No new flows into Europe are forcing utilities to drain their gas storages (already at seasonal lows).