But an IPO of the business also presents longer-term issues for Genworth, CreditSights analyst Josh Esterov noted, as it is the company’s “crown jewel” and “the only thing keeping [Genworth’s] stock price from zero.”…
While that transformation is still far from complete, the course has largely been set, said Andrew Moulder, an analyst at CreditSights who covers the European utility sector. “I don’t think the transition…
“In a market where upstream and downstream fundamentals remain under siege and COVID is again surging, this deal is consistent with the pre-COVID consolidation trends that are much more logical…
“I don’t see who the logical buyers are,” DeVries said. “No one wants to do the long power price risk and you’re still years away from a potential CO2 tax…
CreditSights analyst Andrew DeVries said that “on the surface” the prospect of NextEra, with a market cap of about $139 billion, acquiring Duke Energy, with a market cap of $61…
Dominion, which aims to be a net-zero carbon emitter by 2050, plans to invest $9 billion in wind and solar plants and energy storage facilities through 2023, 35% of total capital expenditures during…
CreditSights, meanwhile, said that "while industrial sales are more vulnerable during economic events, they rarely translate into a big move in earnings as they are not high margin customers like…
The charge "will leave goodwill of $5.7 billion on the balance sheet pro forma as of end 2019," independent researcher CreditSights said April 13.
Nearly all the large-cap utilities have raised new debt in the past two weeks, CreditSights analyst Andrew DeVries said. Several of these companies, including Exelon Corp. and Southern Co., ended the first…