{ }
An explosion at a storage facility owned by Italian energy group Eni near Florence has left two individuals in life-threatening condition and five others hospitalized. The incident occurred on Monday, prompting a response from local authorities and emergency services.
Eni S.p.A is a global energy company engaged in the entire value chain, from oil and natural gas exploration to electricity production from renewable sources. It serves local markets with gas, electricity, and energy efficiency services, while focusing on innovative business models and sustainability to address the energy trilemma.
Eni SpA has agreed to sell an additional stake in its renewables unit, Plenitude, to Energy Infrastructure Partners AG, increasing EIP's ownership to 10%. This transaction involves a capital increase of approximately €209 million ($224 million), raising EIP's total investment in Plenitude to around €800 million, which includes €588 million from a previous acquisition in March.
UBS has raised its target price for Eni, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA acting solely as a distribution channel and maintaining a conflict of interest management policy to ensure objectivity.
UBS has reaffirmed its 'buy' recommendation for Eni, raising the target price from €15 to €15.5, indicating a 7% upside potential for the company's shares. The broker notes a positively skewed risk outlook, anticipating a decline in debt and potential asset sales by the Group.
Eni S.p.A is a global energy company engaged in the entire value chain, from oil and natural gas exploration to renewable energy generation and bio-refining. It markets gas, electricity, and products to local markets while offering energy efficiency and sustainable mobility services. Through technological innovation and strategic partnerships, Eni addresses the energy trilemma and continues to create value.
UBS has increased its price target for Eni from 15 to 15.50 euros while maintaining a "Buy" rating, citing strong quarterly results and an increase in share buybacks. Analyst Joshua Stone believes there is still potential for growth in Eni's shares despite some skepticism about current pricing.
UBS has increased its target price for Eni from €15 to €15.50 while maintaining a "Buy" rating. Analyst Joshua Stone highlighted the company's strong quarterly results and the positive impact of increased share buybacks, suggesting there is still potential for growth in the shares.
Ares Management Corp. and a consortium of banks are financing KKR & Co.'s acquisition of a minority stake in Italy's Enilive. KKR plans to utilize approximately €1.5 billion ($1.6 billion) in debt, with Ares contributing €700 million in infrastructure financing, while the remaining amount will be underwritten by various international and Italian banks.
UBS has maintained its "Buy" rating for Eni, setting a target price of 15 euros following the company's strong third-quarter results that surpassed profit expectations. Analyst Joshua Stone noted an increase in share buyback targets but also highlighted a reduced forecast for operating profit due to energy price fluctuations.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.