ENXTPA:ENGIIntegrated Utilities
Engie (ENXTPA:ENGI) Lifts Income Outlook After U.K. Power Networks Bet
Engie came into this earnings season with a stock that had slipped about 2.4% over the past week, yet still sat near €27, carrying a P/E below both its global utilities peers and the wider sector. The headline today is not the share price; it is Engie lifting full year net recurring income guidance to €4.9b to €5.5b after reporting roughly €3.0b for the first half and absorbing a heavy €19b outlay for U.K. Power Networks.
Love Engie’s upgraded income guidance but cautious about the capital...