ESSEN (dpa-AFX) - RWE AG (RWEOY.PK), a German energy firm, said it has agreed to buy Con Edison''s Clean Energy Businesses for an enterprise value of $6.8 billion. Closing of the transaction is exp…
BERLIN: German energy firm RWE AG said Saturday it had signed a purchase agreement for the Clean Energy Business affiliate of New York-based Con Edison, a deal valued at $6.8 billion that would significantly boost its US renewables portfolio. RWE is one of Germany''s main energy providers with production historically linked to coal, which placed it among the country''s largest CO2 polluters. The group has accelerated its diversification into renewables in recent years. In a statement, RWE said the transaction almost doubles the company''s renewables portfolio in the United States and, once completed, will make it "the number 4 renewable energy company and the second largest solar operator" in that country. Con Edison''s clean energy division "is a leading operator and developer of renewable energy plants in the United States, with about 3 gigawatts (GW) of operating capacity, thereof 90 percent in solar energy, and a strong development pipeline of more than 7 GW," RWE said. Marcus Krebber, the German firm''s CEO, said the deal was a "major boost" for RWE''s green energy expansion. "The unique combination of complementary portfolios in onshore wind, solar and batteries creates one of the leading renewable companies in the US market," he said in a statement.
Closing the deal “amidst the biggest energy crisis Germany has ever seen" earned buyer RWE harsh criticism.
BERLIN — German energy utility RWE said on Saturday it would buy Con Edison’s Clean Energy Businesses subsidiary in a transaction valuing the unit at $6.8 billion. RWE said the acquisition would add some $600 million in earnings before interest, tax, depreciation and amortization (EBITDA) to its results annually. It would also double RWE’s renewables […]
In trading on Tuesday, shares of Consolidated Edison Inc (Symbol: ED) entered into oversold territory, changing hands as low as $90.61 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure mom
US Home Heating Costs Set To Surge 17%, Says Energy Group Authored by Bryan Jung via The Epoch Times, Winter is coming, and experts are predicting that it will be an expensive one for American households nationwide. The average U.S. household heating bill is expected to increase by 17.2 percent this winter compared to last year, according to a forecast by the National Energy Assistance Directors Association (NEADA). Families had already faced higher than average electric bills last winter due to inflation and this year provides no improvement. NEADA assists state agencies under the Low Income Home Energy Assistance Program, (LIHEAP) in distributing federal assistance to help low-income families pay their utility bills. The energy association expects that the average winter heating bill will increase from $1,025 to $1,202. Heating prices have risen over the past two years to more than 35 percent, the highest rate increase in more than 10 years, according to NEADA data. Lower-Income Households Will Struggle The total cost of heating would increase from $127.9 billion to an estimated $149.9 billion, with lower-income households facing the brunt of the burden. “The rise in home energy costs this winter will put millions of lower-income families [at] risk of falling behind on their energy bills and having no choice but to make difficult decisions between paying for food, medicine and rent,” said Mark Wolfe, executive director of NEADA. “As a result, NEADA sent a letter last week to the Congressional Leadership asking for a supplemental increase in LIHEAP of $5 billion to cover the higher cost of home heating and cooling as a result of [an] increased number of summer heat waves,” Wolfe added.
The utilities sector has historically attracted investors looking for low-volatility returns and above-average dividend yields. Two utilities stocks that are likely to serve investors satisfactorily in the current environment are Consolidated Edison (NYSE: ED) and Atmos Energy Corporation (NYSE: ATO). They are the sixth-largest and second-largest players in the regulated electric and regulated gas industries, respectively. Utilities stocks usually have a solid advantage. The utilities sector''s constituents are generally regulated, and their business models are very capital intensive. This ensures that each major utility is the dominant player in its area of operations, which translates to a great moat and minor competitive forces affecting its performance.
Consolidated Edison with ticker code (ED) have now 16 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 99 and 75 with a mean TP of 89.25. With the stocks previous close at 97.41 this would indicate that there is a downside of -8.4%. The 50 day moving average now sits at 97.47 and the 200 moving average now moves to 91.74. The market capitalisation for the company is $34,916m. Visit the company website at: https://www.conedison.com [stock_market_widget type="chart" template="basic" color="green" assets="ED" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $31,991m based on the market concensus. Consolidated Edison, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan.
Consolidated Edison is a top-quality utility with a great set of assets and a good set of fundamentals. Check out my target price and why I consider ED a Hold.
With Nearly 50,000 Reservations for the Critically Acclaimed B1 and B2 Consumer Trucks, with Potential Customers and Upfitters Like Con Edison and Wabash, with Medium Duty Trucks Across Classes 3-6…
With Nearly 50,000 Reservations for the Critically Acclaimed B1 and B2 Consumer Trucks, with Potential Customers and Upfitters Like Con Edison and Wabash , with Medium Duty Trucks Across Classes 3-6; Acquisition Accelerates Bollinger’s Delivery of Class 4 EV Trucks to 2023
Consolidated Edison found using ticker (ED) have now 16 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 99 and 75 and has a mean target at 89.25. Given that the stocks previous close was at 99.44 this is indicating there is a potential downside of -10.2%. The day 50 moving average is 96.33 and the 200 moving average now moves to 90.69. The market cap for the company is $34,919m. Find out more information at: https://www.conedison.com [stock_market_widget type="chart" template="basic" color="green" assets="ED" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $31,341m based on the market concensus. Consolidated Edison, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan.
Though any hopes of a quick recovery may be dashed, investors may want to recharge with forever stocks to buy. While many companies – including robust ones with fundamentally sound businesses – have struggled recently, certain organizations are built for the long haul. Therefore, if you’re a patient investor with a long-term horizon, the below ideas could be enticing. To be sure, the market environment presents a tricky conundrum. Heading into the annual economic symposium at Jackson Hole, Wyoming, some analysts anticipated the Federal Reserve might take a slightly less aggressive approach to monetary policy. Unfortunately, Fed chair Jerome Powell quickly dismissed those notions, instead committing to tackling inflation through higher rates . While initially bearish for equities, it presents discounts for certain forever stocks to buy. Indeed, if you approach the market as a marathon runner instead of a sprinter, the red ink shouldn’t displease you. On the contrary, it’s a chance to pick up solid companies dragging through near-term challenges.
Consolidated Edison with ticker code (ED) have now 16 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 99 and 75 calculating the mean target price we have 89.25. Given that the stocks previous close was at 98.53 this would indicate that there is a downside of -9.4%. There is a 50 day moving average of 95.56 and the 200 day MA is 90.27. The company has a market cap of $35,178m. You can visit the company''s website by visiting: https://www.conedison.com [stock_market_widget type="chart" template="basic" color="green" assets="ED" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $31,865m based on the market concensus. Consolidated Edison, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan.
Consolidated Edison (ED) -0.7% in Tuesday''s trading following a New York Times report that the utility has been dumping millions of gallons of wastewater, some containing toxic metals…
Consolidated Edison found using ticker (ED) now have 16 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 99 and 75 calculating the mean target price we have 88.81. Given that the stocks previous close was at 100.55 this now indicates there is a potential downside of -11.7%. The 50 day MA is 94.68 and the 200 moving average now moves to 89.74. The company has a market cap of $35,653m. Visit the company website at: https://www.conedison.com [stock_market_widget type="chart" template="basic" color="green" assets="ED" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $31,490m based on the market concensus. Consolidated Edison, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan.
According to Benzinga Pro, during Q2, Consolidated Edison (NYSE: ED ) earned $254.00 million, a 54.15% increase from the preceding quarter. Consolidated Edison''s sales decreased to $3.42 billion, a 15.89% change since Q1. In Q1, Consolidated Edison earned $554.00 million, and total sales reached $4.06 billion. What Is ROCE? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth … Full story available on Benzinga.com
Consolidated Edison found using ticker (ED) now have 15 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 99 and 75 with a mean TP of 88.67. Now with the previous closing price of 97.19 this is indicating there is a potential downside of -8.8%. The 50 day MA is 94.4 while the 200 day moving average is 88.55. The market capitalisation for the company is $34,926m. Visit the company website at: https://www.conedison.com [stock_market_widget type="chart" template="basic" color="green" assets="ED" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $31,865m based on the market concensus. Consolidated Edison, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan.
The following slide deck was published by Consolidated Edison, Inc.
Consolidated Edison''s (ED) planned sale of its renewable energy assets is attracting interest from European energy giants TotalEnergies (TTE) and RWE (RWEOY), Bloomberg…
WASHINGTON (dpa-AFX) - Consolidated Edison Inc. (ED) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates.The company''s earnings tot…
Consolidated Edison press release (ED): Q2 Non-GAAP EPS of $0.64 beats by $0.05.Revenue of $3.42B (+15.2% Y/Y) beats by $300M.For the year of 2022, Con Edison reaffirmed its…
Consolidated Edison Tops Q2 EPS by 6c
Consolidated Edison with ticker code (ED) have now 15 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 99 and 75 with the average target price sitting at 88. Given that the stocks previous close was at 99.27 this would indicate that there is a downside of -11.4%. The 50 day MA is 94.39 and the 200 day MA is 87.97. The market capitalisation for the company is $34,838m. Visit the company website at: https://www.conedison.com [stock_market_widget type="chart" template="basic" color="green" assets="ED" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $30,883m based on the market concensus. Consolidated Edison, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan.
The best utility stocks offer excellent defensive plays in riding out today’s volatile markets. The demand for utility services remains relatively insulated from broad market downturns. As a result utility shares can add stability to portfolios due to lower-risk business models and stable cash flows that are less susceptible to market fluctuations. The Bureau of Labor Statistics recently reported that the consumer price index ( CPI ) saw an annual increase of 9.1% in June, the highest rate in four decades. As the cost of energy increases, utilities stocks may serve as a defensive hedge against inflation as they pass along rising energy costs to consumers. Additionally, their stable dividends also attract income investors to utility stocks, especially in today’s inflationary market. Utility stocks have shown significant resilience amid today’s volatile stock market. The Utilities Select Sector SPDR Fund (NYSEARCA: XLU ) is down only 2.4% year-to-date (YTD), an impressive performance given that the S&P 500 index is currently down by more than 18% so far in 2022. 7 Nasdaq Stocks to Buy on the Dip With that information, here are the seven best utilities stocks to buy for the second half of 2022.
Consolidated Edison (ED) declares $0.79/share quarterly dividend, in line with previous.
Consolidated Edison Inc. (ED)’s stock is trading at $90.52 at the moment marking a fall of -0.13% from the last session close. As of this writing, shares are priced at -10.48% less than their 52-week high of $101.12, and 26.57% over their 52-week low of $71.52. Based on the past 30-day period, the stock price … Introducing Our Rant Against Consolidated Edison Inc. Read More »
Consolidated Edison found using ticker (ED) now have 15 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 99 and 72 and has a mean target at 88.13. With the stocks previous close at 95.1 this would indicate that there is a downside of -7.3%. The 50 day moving average now sits at 94.72 and the 200 day moving average is 85.95. The company has a market capitalisation of $34,452m. Visit the company website at: https://www.conedison.com [stock_market_widget type="chart" template="basic" color="green" assets="ED" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $31,927m based on the market concensus. Consolidated Edison, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan.
Consolidated Edison (ED) has a strong track record of outperforming the broader market during times of low consumer confidence.
Today, we’ll introduce seven defensive stocks to buy for a bear market. As broader indices try to stabilize, investors are looking for robust shares that could hold up well in current volatility. InvestorPlace readers are keeping a close eye on the S&P 500 index, which has declined roughly 18% in 2022. Earlier in June, markets plunged after the U.S. Bureau of Labor Statistics (BLS) announced an inflation rate of 8.6% over the past 12 months. It was above the 40-year high of 8.5% recorded in March. In 2022, the severe macroeconomic climate increased market volatility and forced investors look toward defensive plays. These companies typically operate in sectors like healthcare, utilities, consumer staples, real estate and precious metals. Many of them also come with good dividend yields. In early May, data released by Morningstar revealed that the net inflows into defensive exchange-traded funds (ETFs) have jumped to roughly $50 billion year-to-date (YTD). That amount is already up more than $8 billion from the net inflows into defensive ETFs seen in 2021. 7 Warren Buffett Stocks to Buy for a Bear Market With that information, here are seven defensive stocks to buy that could generate consistent returns throughout 2022 despite the market selloff.
Consolidated Edison with ticker code (ED) now have 15 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 100 and 72 and has a mean target at 88.33. With the stocks previous close at 87.67 this would indicate that there is a potential upside of .8%. The 50 day moving average now sits at 95.58 and the 200 moving average now moves to 85.16. The market capitalisation for the company is $30,781m. Visit the company website at: https://www.conedison.com [stock_market_widget type="chart" template="basic" color="green" assets="ED" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $31,013m based on the market concensus. Consolidated Edison, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan.
Consolidated Edison (ED) has hired Barclays to launch a sale process for its renewable energy portfolio, which could be valued at as much as $4B, Bloomberg reported on Thursday.The…
Consolidated Edison Inc. has hired an adviser to kick-off the sale of its renewable energy portfolio, which could be valued at as much as $4 billion, according to people familiar with the matter.
Consolidated Edison Inc. has hired an adviser to kick-off the sale of its renewable energy portfolio, which could be valued at as much as $4 billion, according to people familiar with the matter.
Consolidated Edison with ticker code (ED) now have 15 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 100 and 72 calculating the mean target price we have 88.33. Given that the stocks previous close was at 95.15 this would imply there is a potential downside of -7.2%. The 50 day moving average now sits at 96.34 while the 200 day moving average is 84.84. The company has a market capitalisation of $33,711m. Company Website: https://www.conedison.com [stock_market_widget type="chart" template="basic" color="green" assets="ED" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $31,295m based on the market concensus. Consolidated Edison, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan.
So far, 2022 has been a rocky year for the U.S. stock market. All major stock indices have losses, and a plethora of stocks lost a lot of ground as well. Looking for stable income amid the high volatility is not an easy task. However, it can become easier if you focus on dividend stocks that can generate that stable income for you. No, they are not high-growth stocks or meme stocks. The names to focus on are called dividend aristocrats — high-quality stocks dedicated to growing their payouts to shareholders. Dividend aristocrats are those with a remarkable dividend history. “There are 65 members of the S&P 500 that haven’t just paid dividends for at least 25 consecutive years – they’ve raised their dividends for a minimum of 25 straight years.” You could choose all these stocks for stable income, though today we’ll focus on seven. These are top brands, though buying shares when they are declining or have reached a price level you consider is attractive for your risk tolerance is better than chasing them higher. 7 Great Dividend Stocks Under $25 So let’s get into the dividend stocks on today’s list: KO The Coca-Cola Company $61.01 CLX The Clorox Company $131.31 CL Colgate-Palmolive Company $76.18 ED Consolidated Edison $93.57 EMR Emerson Electric $88.81 XOM Exxon Mobil Corporation $101.94 FRT Federal Realty Investment Trust $103.20 The Coca-Cola Company (KO) Source: MAHATHIR MOHD YASIN / Shutterstock.com Dividend Yield: 2.9% The Coca-Cola Company (NYSE: KO ) is one of the most well-known beverage companies worldwide.
Consolidated Edison, Inc. (ED) shares closed today at 0.9% below its 52 week high of $100.76, giving the company a market cap of $35B. The stock is currently up 19.7% year-to-date, up 33.9% over the past 12 months, and up 44.3% over the past five years. This week, the Dow Jones Industrial Average rose 1.8%, and the S&P 500 rose 1.4%. Trading Activity Trading volume this week was 5.1% lower than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 0.2. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Utilities industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 363.2% The company's stock price performance over the past 12 months beats the peer average by 192.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 67.2% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Upgrades According to Morgan Stanley, the prior rating for Motorola Solutions Inc (NYSE: MSI ) was changed from Equal-Weight to Overweight. Motorola Solns earned $1.70 in the first quarter, compared to $1.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $273.65 and a 52-week-low of $198.61. Motorola Solns closed at $210.28 at the end of the last trading period. According to Morgan Stanley, the prior rating for Zebra Technologies Corp (NASDAQ: ZBRA ) was changed from Underweight to Equal-Weight. For the first quarter, Zebra Technologies had an EPS of $4.01, compared to year-ago quarter EPS of $4.79. At the moment, the stock has a 52-week-high of $615.00 and a 52-week-low of $309.00. Zebra Technologies closed at $325.37 at the end of the last trading period. Morgan Stanley upgraded the previous rating for Trimble Inc (NASDAQ: TRMB ) from Underweight to Equal-Weight. For the first quarter, Trimble had an EPS of $0.73, compared to year-ago quarter EPS of $0.66. At the moment, the stock has a 52-week-high of $96.49 and a 52-week-low of $59.89.
Consolidated Edison (NYSE: ED ) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 4 3 1 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 1 2 1 3M Ago 1 0 0 1 0 In the last 3 months, 9 analysts have offered 12-month price targets for Consolidated Edison. The company has an average price target of $87.11 with a high of $100.00 and a low of $72.00. Below is a summary of how these 9 analysts rated Consolidated Edison over the … Full story available on Benzinga.com
Consolidated Edison, Inc. (NYSE:ED) has stakes in the electric, gas, and steam delivery businesses.
A Con Edison representative said the increase for its customers in New York City and Westchester could be "in the range" of 11 to 12 percent.
On Thursday, 95 companies set new 52-week highs. Interesting Highlights From Today''s 52-Week Highs: The largest company by market cap to break to a new 52-week high was Chevron (NYSE: CVX ) . The smallest company by market cap to hit a new 52-week high was Center Coast Brookfield (NYSE: CEN ) . Indonesia Energy Corp (AMEX: INDO ) ''s stock made the biggest move upwards, moving 45.82% to reach a new 52-week high. Here are all the stocks that set new 52-week highs during the first half-hour of trading on Thursday: Chevron (NYSE: CVX ) shares hit a new 52-week high of $157.11. The stock traded up 1.21% on the session. Coca-Cola (NYSE: KO ) stock set a new 52-week high of $62.92 Thursday morning. Over the session, the stock traded up 0.4%. Union Pacific (NYSE: UNP ) stock on Thursday broke to a yearly high of $261.45. Shares traded up 3.43%. Altria Group (NYSE: MO ) shares hit a new 52-week high of $53.32. The stock traded up 0.37% on the session. Enbridge (NYSE: ENB ) shares hit a yearly high of $44.71.
Con Edison is sponsoring Arts Al Fresco, an extraordinary free and safe outdoor arts experience in the Bronx, Westchester County and the other boroughs. Saturday, July 24, 2021 Stage Garden Rumba Organization: Pregones/PRTT Find Out More Visit ConEd.com/ArtsAlFresco for information on all events. All events will adhere to Covid-19 health and safety protocols. For the most… Read More
Today, Con Edison announced that together with its partners it completed a major energy-efficiency upgrade at the One Court Square skyscraper in Long Island City, Queens. As a result, it cut the buildings carbon emissions, and further eased demands on the local power grid, and saving the customer money. Read The post Con Edison Energy-Efficiency Upgrades One Court Square Skyscraper appeared first on Energy Capital Media .
July 22, 2021: New Yorks Queens borough is to get a 100MW/400MWh battery after the citys Public Service Commission, which directed utility Con Edison to deploy 300MW of storage systems in New York by 2023, approved the project on July 15. The battery, to be installed on a site in Astoria once occupied by the [] The post New York Queens borough to get 100MW/400MWh storage appeared first on Energy Storage Journal .
Related Stocks: ED ,
A spokesperson says it coats transmission cables to keep them cool, describing it like a mineral oil and nonhazardous.
NEW YORK--(BUSINESS WIRE)--174 Power Global today announced that the New York State Public Service Commission (PSC) approved a Certificate of Public Convenience and Necessity for its 100-megawatt (MW) energy storage project in Astoria, Queens, under development by its indirect wholly-owned subsidiary, East River ESS, LLC. The East River Energy Storage Project was selected, and subsequently contracted, by Con Edison for an energy supply agreement after the PSC directed the utility to procure and
Consolidated Edison found using ticker (ED) have now 15 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 83.78 and 67 calculating the mean target price we have 75.79. With the stocks previous close at 72.54 this would indicate that there is a potential upside of 4.5%. The day 50 moving average is 76.12 while the 200 day moving average is 73.38. The market cap for the company is $25,932m. Company Website: /> [stock_market_widget type="chart" symbol="ED" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Consolidated Edison, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,576 customers in parts of Manhattan.
Skadden advised Starwood Energy Group Global, while Paul Hastings LLP represented the bank lenders on the deal. Starwood Energy Group Global, LLC (Starwood Energy), a leading []