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UBS has maintained a "Buy" rating on Eon with a target price of 16.20 euros. Analyst Mark Freshney noted that the European utility sector has lagged behind the market due to rising bond yields and concerns over capital needs, despite stable earnings momentum and low valuations that suggest growth potential. Freshney's top picks include Iberdrola, Eon, National Grid, and SSE, while he holds a negative outlook on Severn Trent, Uniper, and Verbund.
Green reforms to the Energy Charter Treaty (ECT) have advanced, allowing member states to remove protections for fossil fuel investments while maintaining them for renewables. This change, driven by the European Commission, aims to prevent fossil fuel companies from suing governments over climate policies. However, significant divisions remain among member states, with several EU countries already planning to exit the treaty.
The $7 billion Regional Clean Hydrogen Hubs program, initiated by the US Department of Energy, aims to enhance the domestic hydrogen supply chain, focusing on both green hydrogen from renewable sources and fossil-sourced hydrogen with carbon capture. While the program's future remains uncertain under the incoming administration, several hubs, including the HyVelocity Hub in Texas and the Midwest Hydrogen Hub, have received funding, indicating a potential shift towards green hydrogen as costs decrease and demand rises. Globally, initiatives in Europe and Canada are advancing, with countries like Germany and Belgium exploring integrated hydrogen networks and export opportunities.
Liquid Wind AB has secured €44 million ($46 million) from investors including Uniper SE and Samsung Ventures to develop green fuel for the shipping industry. The company plans to launch its first e-methanol plant in Sweden by 2027, with ambitions for nine additional plants in the Nordic region.
Uniper SE
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs maintains buy rating on eon with target price of 16.20 euros
Euro
VERBUND AG
SSE plc
National Grid plc
Uniper SE
Iberdrola, S.A.
Severn Trent PLC
DEU
Mark Freshney
Show more
14:06 09.01.2025
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23:11 03.12.2024
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02:09 21.11.2024
liquid wind secures 46 million for green fuel production in sweden
20:00 20.11.2024
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