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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Electricité de France    EDF   FR0010242511

ELECTRICITÉ DE FRANCE

(EDF)
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Delayed Quote. Delayed Euronext Paris - 02/27 11:35:26 am
12.99 EUR   -1.59%
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Electricite de France : France could shut next two nuclear reactors sooner than expected

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01/21/2020 | 04:40am EST
FILE PHOTO: Cooling towers of Electricite de France (EDF) nuclear plant are seen in Saint-Laurent-Des-Eaux near Orleans

France could shut down its next two nuclear reactors in 2025-2026 if market conditions are right, earlier than expected as it presses ahead with plans to close 14 reactors by 2035, a government consultation document showed on Tuesday.

Nuclear-dependent France aims to reduce the share of atomic power in its electricity generation to 50% by 2035 from 75% currently.

France's oldest two reactors at the Fessenheim nuclear plant will stop production in February and June this year. The next closures had been expected in 2027-2028.

"If certain conditions relating to electricity prices and the evolution of the European electricity market are met, the closure of two additional reactors could happen in 2025-2026," the public consultation document on energy policy said.

It added the decision on the early shutdowns would be made in 2023.

State-controlled utility EDF, which operates France's 58 nuclear reactors, has proposed to the government that it studies the shutdown of pairs of reactors at its Blayais, Bugey, Chinon, Cruas, Dampierre, Gravelines and Tricastin plants as part of the nuclear phase out.

(Reporting by Bate Felix; Writing by Matthieu Protard; Editing by Louise Heavens and Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE -1.59% 12.99 Real-time Quote.30.84%
ENGIE 2.33% 16.005 Real-time Quote.11.15%
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Financials (EUR)
Sales 2020 73 316 M
EBIT 2020 7 465 M
Net income 2020 3 399 M
Debt 2020 46 168 M
Yield 2020 3,30%
P/E ratio 2020 14,0x
P/E ratio 2021 14,3x
EV / Sales2020 1,18x
EV / Sales2021 1,24x
Capitalization 40 252 M
Chart ELECTRICITÉ DE FRANCE
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Technical analysis trends ELECTRICITÉ DE FRANCE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 14,46  €
Last Close Price 12,99  €
Spread / Highest target 54,0%
Spread / Average Target 11,3%
Spread / Lowest Target -28,4%
EPS Revisions
Managers
NameTitle
Jean-Bernard Lévy Chairman & Chief Executive Officer
Xavier Rene Louise Girre Senior Executive Vice President-Group Finance
Christophe Salomon Head-Information Systems
Jacky Chorin Director
Jean-Paul Rignac Director
Sector and Competitors
1st jan.Capitalization (M$)
ELECTRICITÉ DE FRANCE30.84%44 494
NATIONAL GRID PLC10.11%47 531
ORSTED AS4.44%44 803
SEMPRA ENERGY-6.64%41 402
ENGIE11.15%41 025
E.ON SE13.94%31 170