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STX:ENGI, Nov 15, 03:34 UTC

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Engie signs 25-year PPA for two solar PV projects in Senegal

ENGI

Global energy and services company Engie has signed a 25-year power purchase agreement (PPA) with Senegalese off-taker Senelec for two solar PV projects in Senegal, Africa. In addition to Engie, its investment partner Meridiam consortium and Fonsis, as well as the Senegalese Sovereign Fund, are part of the deal. Developed by the Senegalese Government and the International Finance Corporation (IFC), construction and operation of the two projects will be managed and executed by Engie. "We have been able to capitalise on our experience of developing and operating renewable energy projects in Africa, in particular in Senegal. "In addition, the projects are part of the wider Scaling Solar initiative in Senegal to provide energy across the region.

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Saturday, November 10


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Engie to Finance Brazil Wind Farms with Forward Sales - AOG Digital

ENGI

The Brazilian unit of French gas and power group Engie SA is in negotiations to set up contracts forward-selling wind power that would allow it to build wind farms with 300 megawatts of capacity, its chief financial officer said on Friday. Engie Brasil Energia is negotiating the contracts on the so-called free market that would allow it to build new wind farms without going through Brazilian government auctions, its CFO Carlos Freitas told Reuters in an interview. Fierce competition in Brazil's regulated energy market depressed wind power contracts last year to record lows of 67.60 reais per MWh. But on the free market, medium-term contracts can be signed for 170 reais per MWh, according to the BBCE electronic trading platform. "The prices from the auctions on the regulated market are not attractive for us, so we prefer to focus on the free market where we are have the advantage of being the biggest player in Brazil," Freitas said.

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Friday, November 09


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Engie's Brazil unit to finance wind farms through forward sales -executive

ENGI

Engie's Brazil unit to finance wind farms through forward sales -executive. Nov 9 (Reuters) - The Brazilian unit of French energy giant Engie SA is in negotiations to set up contracts forward selling wind power that would allow it to build wind farms with at least 300 megawatts of capacity, the unit's chief financial officer said on Friday. Engie Brasil Energia is negotiating the contracts on the so-called free market that would allow it to build new wind farms without going through Brazilian government auctions, its CFO Carlos Freitas said in an interview. India's Royal Enfield targets tripling of U.S. sales this year.

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Thursday, November 08


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Engie (ENGI) Given a €13.20 Price Target at UBS Group – Fairfield Current

ENGI

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. set a €19.50 ($22.67) price objective on shares of Engie and gave the stock a buy rating in a report on Wednesday. Societe Generale set a €16.00 ($18.60) price objective on shares of Engie and gave the stock a buy rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. 13,380,000 shares of the company’s stock were exchanged, compared to its average volume of 8,250,000.

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Wednesday, November 07


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JPMorgan Chase & Co. Analysts Give Engie (ENGI) a €19.50 Price Target – PressOracle

ENGI JPM

Engie (EPA:ENGI) has been given a €19.50 ($22.67) price target by JPMorgan Chase & Co. in a note issued to investors on Wednesday. Finally, Goldman Sachs Group set a €14.70 ($17.09) price target on Engie and gave the company a “neutral” rating in a research note on Monday, July 23rd. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of €15.31 ($17.81).

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Engie (ENGI) Given a €19.50 Price Target by JPMorgan Chase & Co. Analysts – Fairfield Current

ENGI JPM

Engie (EPA:ENGI) received a €19.50 ($22.67) price objective from equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, October 31st. BNP Paribas set a €17.00 ($19.77) price target on shares of Engie and gave the stock a “buy” rating in a research note on Monday, September 10th. Societe Generale set a €18.50 ($21.51) price target on shares of Engie and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Engie has a 12 month low of €12.16 ($14.14) and a 12 month high of €15.16 ($17.63). It engages in the generation and sale of power through nuclear, thermal, and biomass resources; and seawater desalination activities, as well as offers engineering services in the areas of energy, hydraulics, and infrastructure.

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Utility Engie says outlook depends on Belgian nuclear outage calendar

ENGI

Nov 7 (Reuters) - French gas and power group Engie confirmed its 2018 earnings guidance but said this would depend on being able to restart its Belgian nuclear reactors as scheduled. Core earnings before interest, tax, depreciation and amortisation (EBITDA) slipped 0.3 percent to 6.5 billion euros, although they were up 5 percent on an organic basis. Engie confirmed its guidance for net recurring income between 2.45-2.65 billion euros, albeit one expected at the low end of that range, but added this was based on the assumption of a scheduled restart of the Belgian nuclear. The availability of its seven Belgian reactors will be just 52 percent in 2018, compared to 75 to 80 percent in a normal year, which will cut Engie core earnings by 600 million euros this year.

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Friday, November 02


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Equifax (NYSE:EFX) Given a $128.00 Price Target at Deutsche Bank – Fairfield Current

ENGI DBK +1 more ENGI DBK EFX

Wells Fargo & Co reduced their price objective on Equifax from $145.00 to $137.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. The stock has a consensus rating of “Hold” and a consensus target price of $126.09. During the same quarter in the prior year, the firm posted $1.53 earnings per share. As a group, research analysts forecast that Equifax will post 5.73 EPS for the current fiscal year. Homrich & Berg now owns 5,502 shares of the credit services provider’s stock worth $688,000 after buying an additional 438 shares in the last quarter. Butensky & Cohen Financial Security Inc. increased its stake in Equifax by 4.1% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 11,375 shares of the credit services provider’s stock worth $1,423,000 after buying an additional 450 shares in the last quarter.

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Engie stays focused on gas for power generation despite divestment

ENGI

The company, which generates half of its electricity globally from natural gas and the rest from renewables, sees a strong global movement to tap biogas for power generation, Engie's Senior Vice President Didier Holleaux told the Reuters Commodities Summit. These include a project in Indonesia with Perusahaan Gas Negara and Perusahaan Listrik Negara, the state-owned gas and power companies, to supply LNG to 10 different power plants, said Holleaux, who was attending the Singapore International Energy Week. "LNG globally will be growing, short-term trading will be growing because there are needs for adjustment (to supplies) for this market. We'll just be a small part of this business." For renewables, Engie is seeking to expand its market share in selling electricity directly to corporations instead of grids and it is working with partners such as French retailer Casino and Unisun in China. Engie will exit the coal-fired power business in Asia once it completes the sale of its Thai subsidiary Glow Energy, part of the company's two-year plan to sell off coal, upstream oil and gas businesses and to invest in areas such as renewable energy, power grids and energy services.

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Thursday, November 01


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Petrobras, Engie Unlikely to End TAG Talks Before Feb -Engie CEO - AOG Digital

ENGI

Petrobras, Engie Unlikely to End TAG Talks Before Feb -Engie CEO. Talks between Brazil's Petroleo Brasileiro SA and France's Engie over the latter's acquisition of pipeline company TAG are not expected to end before February or March of next year, the chief executive of Engie's Brazilian unit said in a conference call with analysts. Eduardo Sattamini said even if Petrobras, as the oil company is known, were successful in overturning an injunction blocking the sale and resumed talks with Engie immediately, a deal could not be reached this year. Engie had been in exclusive talks to acquire the pipeline company, worth more than $7 billion, when a Supreme Court injunction in July suspended the process.

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