Streetbeat News

NOSPF

Neoen S.A.

https://www.neoen.com

CEO

Xavier Barbaro

Open

31.00

Mkt cap

6.4B

Volume

2.8K

High

42.00

P/E Ratio

73.68

52-wk high

42.00

Low

31.00

Div yield

0.00

52-wk low

31.00

Brookfield Asset Management Inc (NYSE:BAM), along with its partners, has entered exclusive negotiations to acquire a 53.32% stake in Neoen (OTC:NOSPF) for EUR 39.85 per share. The acquisition price represents a significant premium over recent prices. The deal is expected to close by Q4 2024, with a tender offer to follow in Q1 2025. Brookfield also recently agreed to supply Microsoft Corporation (NASDAQ:MSFT) with over 10,500 megawatts of renewable power.

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 3:39 pm

Tesla (TSLA) has been notified by French renewable company Neoen SA (NOSPF) to start making megapack units for a 197 MW storage capacity project in Western Australia. The project, expected to be operational in Q4 2024, aims to transition the region from coal to clean energy.

Portfolio Pulse from Anan Ashraf

June 20, 2023 | 7:39 am

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