Stocks in action: NextEra Energy, Scotiabank, Volvo, …

Here are a selection of announcements that have (or will) change the prices of these companies:

(Come back from time to time to read us
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The Ontario Teachers Pension Planning Board announced Tuesday that it has signed an agreement with an affiliate of next era energy (NEE, US$88.32) to acquire a 50% interest in a portfolio of 13 wind, solar and energy storage assets in the United States for US$849 million. The pension fund manager has also committed to buying at least a 25% stake in the US$824 million convertible equity portfolio financing announced by NextEra Energy in October. NextEra Energy owns and manages contracted clean energy projects. Chris Ireland, Educators Managing Director for Renewable Energy, said the investment marked the beginning of a long-term partnership with the company. The deal is expected to close later this year or early 2022, subject to customary closing conditions and regulatory approvals. The pension fund manager had earlier this year promised to keep his entire portfolio carbon neutral by 2050.

NS Bank Scotia (BNS.TO, $81.43) reports that its fourth-quarter net income in one year jumped from $1.899 billion, or $1.42 per diluted share, in 2020 to $2.559 billion, or $1.97 per diluted share, this year. Adjusted net income also rose to $2.716 billion, or $2.10 per diluted share, from $1.938 billion, or $1.45 per diluted share, in the same period. Scotiabank reports that for the full 2021 fiscal year, net income was $9.955 billion; It was $6.853 billion in 2020. Diluted earnings per share were $7.70, compared to $5.30 a year earlier. Adjusted net income increased from $6.961 billion in 2020 to $10.169 billion in fiscal 2021 as diluted earnings per share stood at $7.87, compared to $5.36 in the prior year. Brian Porter, President and CEO of Scotiabank observed that the institution has exceeded its medium-term financial targets for FY 2021. In his view, a significant investment in digital tools places Scotiabank in a favorable position to build a bright future. Brian Porter expects 2022 to experience strong growth across all areas of the bank’s business.

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schneider Lightning (SU.PA, €155), the French giant in energy equipment and solutions, aims to enhance its growth and profitability in its roadmap for 2022/2024, published on Tuesday in its Investors’ Opportunity of the Day. During this period, the group has set a target of annual growth of between +5% and +8% in its organic business. In the long term, Schneider Electric wants to achieve “over 5% on average” growth, he said in a press release. On the profitability side, the company is targeting “annual organic improvement” in its adjusted operating margin (EBITDA) of between 0.3 and 0.7 percent. In 2020, it had reached 15.6% of the turnover as in 2019. At the end of its third quarter of 2021, the group reaffirmed its annual objectives, despite supply problems and rising energy costs. Its objectives specifically included organic growth of between +11% and +13% this year, excluding any disruptions associated with the pandemic.

Volvo cars (VOLCAR-B.ST, SEK $71.30) The third quarter suffered the effects of semiconductor supply shortages, resulting in sharply lower sales and profits, a Swedish automaker announced Tuesday. Sales declined by 17% to 149,900 vehicles. But the drop in turnover was small (-7%) due to higher selling prices made possible by continued consumer demand, Volvo explains. Turnover fell to 60.8 billion crowns (about 5.9 billion euros). Net profit fell 31% to 2.3 billion crowns. At the same time, the number of cars coming out of Volvo factories declined by 31% during the quarter, due to supply issues. According to Volvo Cars, the decline in sales was particularly visible in Europe and China, which is still owned by Chinese jellies, despite the capital’s share listing for a few weeks on the Stockholm stock exchange. Volvo Cars remains well oriented over the nine months, with a strong rebound in turnover and net profit up 14% to 202 billion. The latter has reached 11.9 billion since the start of the year, a fivefold increase since the first nine months of 2020 marked by the biggest economic impacts of the pandemic.

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airline company Easyjet (EZJ.L, £497.90) lowered its annualized net loss for the fiscal year ended September, lauding a good start to the new fiscal year, but saying it still anticipated the impact of the Omicron version It’s too early to set up. According to a statement released on Tuesday, the company’s net loss stood at 858 million pounds, up from about 1.1 billion a year ago. Revenue was more than half that of £1.46 billion, but there were significant reductions in operating and financial costs. The “low-cost” carrier still suffered from the pandemic and restrictions on international travel during the year under review. If the British company looks at the “decline in sales for the first quarter”, that is, the period from October to December, “it is really encouraging to see that we are maintaining a good level of new bookings for the second half”. In mid-October, the company warned that it was still going to have a strong loss, but had seen a strong improvement in traffic since the summer. However, a company executive previously condemned that the United Kingdom “missed the boat” of the holiday season this summer, especially on returnees from many countries maintaining mandatory hotel quarantine and costly tests upon return. By applying. European Union countries.

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About the Author: Forrest Morton

Organizer. Zombie aficionado. Wannabe reader. Passionate writer. Twitter lover. Music scholar. Web expert.

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