Streetbeat News

CPYYY

Centrica plc

https://www.centrica.com/

CEO

Chris O' Shea

Industry

Electric Power Distribution

Open

5.97

Mkt cap

7.9B

Volume

957

High

6.18

P/E Ratio

5.52

52-wk high

8.13

Low

5.97

Div yield

0.03

52-wk low

5.80

STMicroelectronics N.V. (NYSE:STM) has signed a ten-year Power Purchase Agreement (PPA) with Centrica plc (OTC:CPYYY) to supply renewable energy to its Italian operations from January 2025. The deal involves approximately 61 GWh of renewable energy annually from a new solar farm in Italy, supporting STM's goal to become carbon neutral by 2027. This agreement follows a previous 15-year PPA with ERG for renewable energy supply. STM's Q1 2024 results will be announced on April 25, 2024. Investors can also engage with STM through ETFs like Veridien Climate Action ETF (NYSE:CLIA) and Columbia Seligman Semiconductor And Technology ETF (NYSE:SEMI). STM's stock saw a slight increase of 0.09% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 11, 2024 | 10:41 am

STMicroelectronics (STM) and Centrica Energy have signed a ten-year Power Purchase Agreement (PPA) for the supply of approximately 61 GWh of renewable energy annually from a new solar farm in Italy. This agreement aids STM's goal to become carbon neutral and source 100% renewable energy by 2027 for its operations, including two large-volume semiconductor manufacturing sites in Agrate and Catania, Italy.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:20 am

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