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    EOAN   DE000ENAG999

E.ON SE

(EOAN)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 06/17 03:58:01 pm
10.08 EUR   -1.22%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

E.ON sold German nuclear power forward at below market prices

03/24/2021 | 03:06am EDT

FRANKFURT (Reuters) - Utility company E.ON said on Wednesday it had sold forward 92% of its German nuclear power generation in 2021 and 57% of its 2022 output at prices below the current wholesale market from remaining reactors ahead of their pending closure.

The company has to date also sold 100% of output in the current year from the reactors at its Preussen Elektra unit, it showed in presentation slides as it reported 2002 financial results.

Hedge rates of forward production volumes are tracked by wholesale power market traders and analysts to assess volumes tied up with counterparties and the value of future production.

As for achieved prices, E.ON's 2021 and 2022 nuclear delivery was sold at 44 euros ($52.08) per megawatt hour (MWh) and at 45 euros/MWh respectively, the slides showed. Production in 2020 had fetched 45 euros/MWh.

By comparison, wholesale over-the-counter prices for German round-the-clock power from all conventional energy sources to be delivered in 2022 stands at 56.4 euros/MWh, according to Refinitiv Eikon data, which showed day-ahead power at 59.3 euros[EL/DE].

E.ON retained its Brokdorf, Grohnde and Isar 2 reactors after an asset swap deal in which it transferred minority interests held by Preussen Elektra in the RWE-operated Emsland and Gundremmingen C plants.[POWER/DE]

Under Germany's nuclear exit plan, Grohnde, Brokdorf and Gundremmingen C will close at the end of 2021.

Isar 2 and Emsland will close at the end of 2022.

Sector peer Uniper recently also reported some hydropower hedging results as part of its earnings.

($1 = 0.8448 euros)

(Reporting by Vera Eckert; Editing by Edmund Blair)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE -1.00% 10.102 Delayed Quote.11.45%
RWE AG -1.74% 31 Delayed Quote.-10.33%
UNIPER SE -0.36% 30.13 Delayed Quote.6.69%
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06/15DGAP-PVR : E.ON SE: Release according to Article -4-
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06/15DGAP-PVR : E.ON SE: Release according to Article -3-
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06/15DGAP-PVR : E.ON SE: Release according to Article -2-
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06/15DGAP-PVR : E.ON SE: Release according to Article 40, Section 1 of the WpHG [the ..
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06/15E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
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06/10DGAP-PVR : E.ON SE: Release according to Article -4-
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06/10DGAP-PVR : E.ON SE: Release according to Article -3-
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06/10DGAP-PVR : E.ON SE: Release according to Article -2-
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06/10DGAP-PVR : E.ON SE: Release according to Article 40, Section 1 of the WpHG [the ..
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06/10E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
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Financials
Sales 2021 62 165 M 74 014 M 74 014 M
Net income 2021 1 538 M 1 831 M 1 831 M
Net Debt 2021 32 940 M 39 218 M 39 218 M
P/E ratio 2021 16,6x
Yield 2021 4,83%
Capitalization 26 340 M 31 383 M 31 360 M
EV / Sales 2021 0,95x
EV / Sales 2022 0,93x
Nbr of Employees 76 086
Free-Float 83,7%
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Technical analysis trends E.ON SE
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 11,32 €
Last Close Price 10,10 €
Spread / Highest target 31,7%
Spread / Average Target 12,1%
Spread / Lowest Target -12,9%
EPS Revisions
Managers and Directors
NameTitle
Leonhard Birnbaum Chairman-Management Board
Marc Spieker Chief Financial Officer
Karl-Ludwig Kley Chairman-Supervisory Board
Markus Nitschke Head-Technology & Innovation, Sustainable Cities
Karen Maria Alida de Segundo Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
E.ON SE11.45%32 241
NATIONAL GRID PLC7.68%46 701
ELECTRICITÉ DE FRANCE-7.72%45 526
SEMPRA ENERGY10.79%42 738
ENGIE-2.20%35 860
PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED5.03%30 927