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Eni (E)-Falck Renewables to Buy Savion's Virginia Solar Project
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Eni SpA (E - Free Report) announced that along with Falck Renewables SpA, it has signed an accord with renewable energy company Savion to buy a solar project in Virginia. The transaction value has not been specified.
Through the joint venture of Eni and Falck Renewables, named Novis Renewables Holdings LLC, the companies intend to invest $35 million on constructing and developing the 30-megawatt (MW) Westmoreland Solar development. Eni expects the project to generate sufficient clean energy that will reduce annual carbon dioxide emissions by more than 33,000 tonnes.
It is to be noted that Eni expects the acquisition to close by November-end and the solar development to commence commercial operations by the third quarter of 2021. Overall, the accord signifies Eni’s strong focus on renewable energy since it has been a challenge for energy companies to supply sustainable cleaner energy and combat climate change. Thus, Eni is focused to create long-term value for shareholders while capitalizing on the energy transition.
Headquartered in Rome, Italy, Eni currently carries a Zacks Rank #3 (Hold). Meanwhile, better-ranked players in the energy space include PDC Energy Inc. , Matador Resources Company (MTDR - Free Report) and Antero Resources Corporation (AR - Free Report) . While PDC Energy sports a Zacks Rank #1 (Strong Buy), Matador and Antero carry a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
PDC Energy is likely to see earnings growth of 13.3% in 2020.
Matador has seen upward estimate revisions for its 2020 bottom line in the past 30 days.
Anterohas seen upward estimate revisions for 2020 bottom line in the past 30 days.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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Eni (E)-Falck Renewables to Buy Savion's Virginia Solar Project
Eni SpA (E - Free Report) announced that along with Falck Renewables SpA, it has signed an accord with renewable energy company Savion to buy a solar project in Virginia. The transaction value has not been specified.
Through the joint venture of Eni and Falck Renewables, named Novis Renewables Holdings LLC, the companies intend to invest $35 million on constructing and developing the 30-megawatt (MW) Westmoreland Solar development. Eni expects the project to generate sufficient clean energy that will reduce annual carbon dioxide emissions by more than 33,000 tonnes.
It is to be noted that Eni expects the acquisition to close by November-end and the solar development to commence commercial operations by the third quarter of 2021. Overall, the accord signifies Eni’s strong focus on renewable energy since it has been a challenge for energy companies to supply sustainable cleaner energy and combat climate change. Thus, Eni is focused to create long-term value for shareholders while capitalizing on the energy transition.
Headquartered in Rome, Italy, Eni currently carries a Zacks Rank #3 (Hold). Meanwhile, better-ranked players in the energy space include PDC Energy Inc. , Matador Resources Company (MTDR - Free Report) and Antero Resources Corporation (AR - Free Report) . While PDC Energy sports a Zacks Rank #1 (Strong Buy), Matador and Antero carry a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Eni SpA Price
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PDC Energy is likely to see earnings growth of 13.3% in 2020.
Matador has seen upward estimate revisions for its 2020 bottom line in the past 30 days.
Anterohas seen upward estimate revisions for 2020 bottom line in the past 30 days.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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