Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  AT&T    T

AT&T

(T)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

AT&T Signs New Renewable Power-Purchase Agreements -- Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/20/2019 | 01:35pm EDT

By Chris Wack and Dave Sebastian

AT&T Inc. (T) said Friday that its renewable energy purchases will surpass 1.5 gigawatts of clean energy capacity with the addition of new virtual power purchase agreements with Invenergy and Duke Energy Renewables, a business unit of Duke Energy.

At the Climate Week NYC event, the company said the new deals will support new wind and solar projects, and make AT&T one of the largest corporate purchasers of renewable energy in the U.S.

The telecommunications and media company said the new renewable energy purchases will support wind and solar projects, developed by Invenergy, delivering 800 megawatts of sustainable energy, as well as 160 MWs of wind energy generated by the Frontier Windpower II project, developed by Duke Energy Renewables. The new purchase agreements build upon AT&T's existing agreements supporting wind energy centers already operational or under development.

AT&T has signed a 15-year contract with Duke Energy Renewables for the wind power project in Kay County, Okla., Duke Energy said Friday.

Duke Energy Renewables is building the 350-megawatt Frontier II project through the virtual power purchase agreement, it said.

The project's construction is under way and will start operating in December 2020, Duke Energy said.

Duke Energy said the project is an expansion of Frontier Windpower, which has been operating since 2016. The first and second parts of the project would generate 550 megawatts of wind energy, which could power about 193,000 homes, the company said.

Ball has also committed to the Frontier II project with a 15-year, 161-megawatt project, Duke Energy said.

AT&T said its renewable energy purchases to date are expected to reduce greenhouse gas emissions by an amount equivalent to providing electricity for more than 560,000 homes or taking 690,000 cars off the road for one year. The total annual energy produced is also enough to power New York City for one month, the company said.

The projects will create hundreds of construction jobs and dozens of permanent jobs in the clean energy field, AT&T said.

Write to Chris Wack at chris.wack@wsj.com and Dave Sebastian at dave.sebastian@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
AT&T -0.29% 37.47 Delayed Quote.31.67%
BALL CORPORATION 0.43% 72.92 Delayed Quote.57.92%
DUKE ENERGY CORPORATION -0.88% 95.13 Delayed Quote.11.21%
WTI -2.43% 53.45 Delayed Quote.14.98%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AT&T
10/11AT&T : Changes Date of 3Q19 Earnings Release to Oct. 28
DJ
10/11AT&T : The third edition of the Iberic-American Congreso Escuela+ Begins
PU
10/11AT&T : to Release Third-Quarter 2019 Earnings October 28
BU
10/10AT&T Sheds Puerto Rican Unit -- WSJ
DJ
10/10AT&T : set to sell certain assets in $1.95bn deal
AQ
10/09AT&T : to Sell Puerto Rico Business--2nd Update
DJ
10/09AT&T : TitleAT&T to Sell its Operations in Puerto Rico and the U.S. Virgin Islan..
PU
10/09AT&T : to Sell its Operations in Puerto Rico and the U.S. Virgin Islands to Libe..
PR
10/09AT&T to Sell Puerto Rico Business--Update
DJ
10/09AT&T : to Sell Puerto Rico and U.S. Virgin Islands Operations
DJ
More news
Financials (USD)
Sales 2019 182 B
EBIT 2019 30 651 M
Net income 2019 18 365 M
Debt 2019 155 B
Yield 2019 5,44%
P/E ratio 2019 15,2x
P/E ratio 2020 12,9x
EV / Sales2019 2,36x
EV / Sales2020 2,31x
Capitalization 275 B
Chart AT&T
Duration : Period :
AT&T Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AT&T
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 37,31  $
Last Close Price 37,58  $
Spread / Highest target 27,7%
Spread / Average Target -0,72%
Spread / Lowest Target -46,8%
EPS Revisions
Managers
NameTitle
Randall L. Stephenson Chairman, President & Chief Executive Officer
John J. Stephens CFO, Principal Accounting Officer & Senior EVP
Laura D'Andrea Tyson Independent Director
Matthew K. Rose Lead Independent Director
Scott T. Ford Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AT&T31.67%274 597
CHINA MOBILE LIMITED-10.54%173 849
NTT DOCOMO, INC.18.47%87 488
SOFTBANK GROUP CORP.-40.67%79 279
T-MOBILE US25.03%67 955
KDDI CORPORATION14.28%63 900