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MarketScreener Homepage  >  Equities  >  Xetra  >  E.ON SE    EOAN   DE000ENAG999

E.ON SE

(EOAN)
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E.ON Switches All U.K. Customers to Renewable Tariffs

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07/09/2019 | 05:30am EDT

By Nathan Allen

E.ON SE (EOAN.XE) said Tuesday that it will provide U.K. customers with renewable electricity across all its tariffs without increasing charges.

The German utility said it will supply a large proportion of the power through its own renewable-generation capacity and purchase agreements with independent wind generators.

Where E.ON can't directly supply renewable power, the company plans to match the amount supplied through non-renewable sources with guarantee certificates. The certificates, issued by solar, wind or biomass producers, ensure an equivalent amount of renewable electricity is produced.

"Climate change is the defining issue of our era, and one that energy customers are increasingly concerned about," said E.ON UK's Chief Executive Michael Lewis.

Write to Nathan Allen at nathan.allen@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE 1.17% 8.287 Delayed Quote.-3.94%
FIRST SOLAR, INC. 4.10% 61.69 Delayed Quote.45.31%
WTI 0.07% 54.77 Delayed Quote.20.64%
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Financials (EUR)
Sales 2019 30 534 M
EBIT 2019 2 985 M
Net income 2019 1 407 M
Debt 2019 3 954 M
Yield 2019 5,74%
P/E ratio 2019 12,9x
P/E ratio 2020 12,6x
EV / Sales2019 0,72x
EV / Sales2020 0,43x
Capitalization 17 996 M
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Technical analysis trends E.ON SE
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Mean consensus HOLD
Number of Analysts 22
Average target price 9,67  €
Last Close Price 8,30  €
Spread / Highest target 56,6%
Spread / Average Target 16,4%
Spread / Lowest Target -6,67%
EPS Revisions
Managers
NameTitle
Johannes Teyssen Chairman-Management Board & CEO
Karl-Ludwig Kley Chairman-Supervisory Board
Karsten Wildberger Chief Operating Officer-Commercial
Marc Spieker Chief Financial Officer
Ulrich Lehner Deputy Chairman-Supervisory Board
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ELECTRICITÉ DE FRANCE-23.62%34 868