Streetbeat News

EDN

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

https://www.edenor.com

Industry

Regulated Electric

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima engages in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is a subsidiary of Empresa de Energía del Cono Sur S.A.

Open

34.94

Mkt cap

1.8B

Volume

160K

High

35.40

P/E Ratio

12.45

52-wk high

35.40

Low

33.42

Div yield

N/A

52-wk low

10.92

Argentine stocks listed in the US are seeing a rise in share prices following Banco de la Nacion's announcement of its intention to issue debt and re-enter international capital markets after 30 years.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 4:14 pm

Edenor (NYSE: EDN), the largest electricity distribution company in Argentina, has appointed Daniel Marx as Chairman and CEO, effective August 31. This follows the resignation of Neil Bleasdale from these roles for personal reasons, though he remains a regular Director.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:45 am

Argentina's President Javier Milei's reform bill has led to protests and a planned general strike by the CGT union. The bill includes controversial measures such as government employee layoffs, privatization of public companies, and constitutional reforms. The market has reacted negatively, with the S&P Merval index falling 2.5% and 17 out of 23 companies losing ground. However, individual stocks like Edenor (EDN) have seen significant gains year-to-date. The Global X MSCI Argentina ETF (ARGT) initially rose 24% post-election but may be impacted by the current unrest.

Portfolio Pulse from Neil Dennis

December 29, 2023 | 3:41 pm

Javier Milei was inaugurated as Argentina's president, promising radical economic changes amid a hyperinflationary crisis. Milei plans to cut government spending to combat inflation projected to potentially reach 15,000%. U.S. officials attended the inauguration, indicating potential for improved U.S.-Argentina relations. Since Milei's election, Argentine stocks have surged, with the Global X MSCI Argentina ETF (ARGT) up 20%, and companies like EDN, YPF, TEO, and MELI showing significant gains.

Portfolio Pulse from Piero Cingari

December 11, 2023 | 5:12 pm

In 2023, three country ETFs outperformed the S&P 500 and Nasdaq 100, offering beneficial diversification for U.S.-based investors. The top performers were iShares MSCI Poland ETF (NYSE:EPOL), iShares MSCI Mexico ETF (NYSE:EWW), Global X MSCI Greece ETF (NYSE:GREK), Global X MSCI Argentina ETF (NYSE:ARGT), and Global X MSCI Nigeria ETF (NYSE:NGE). These ETFs track the performance of their respective country's stock market and are not currency hedged, exposing them to local currency fluctuations.

Portfolio Pulse from Piero Cingari

June 27, 2023 | 4:32 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.