Previous Close | 166.46 |
Open | 167.38 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 166.10 - 167.38 |
52 Week Range | 112.50 - 186.20 |
Volume | |
Avg. Volume | 749 |
Market Cap | 93.159B |
Beta (5Y Monthly) | 0.98 |
PE Ratio (TTM) | 22.48 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 3.46 (2.08%) |
Ex-Dividend Date | May 09, 2023 |
1y Target Est | N/A |
Schneider Electric and solar startup GreenYellow will target small- and medium-sized European companies hurting from high electricity prices with previously out-of-reach energy saving technology, the firms said on Thursday. While large energy-intensive businesses have long invested in demand management and so-called "microgrid" systems - which reduce energy use through automated controls, batteries and integrated solar panels - high costs have been a barrier for the smaller firms that are now bearing the brunt of Europe's energy crisis. Betting that energy price spikes seen in 2022 will be repeated in winters to come, Schneider and GreenYellow are launching a pay-as-you-go system for smaller clients to access the necessary equipment and a supply of renewable electricity at a guaranteed fixed price below predicted market rates.
France's Schneider Electric won control of Aveva, one of Britain's biggest tech companies, on Friday after minority shareholders approved an offer valuing the industrial software firm at 9.9 billion pounds ($11.9 billion). France's Schneider, which already owned nearly 60% of Aveva, upped its offer to 3,225 pence earlier this month after several major investors threatened to reject its previous 3,100 pence offer, which they termed "opportunistic".
Schneider, which already owns nearly 60% of the London-listed firm, in September offered to fully take over Aveva for 3,100 pence per share. Aveva's shares were up 0.6% at 3,162 pence, below the new offer price, by 1345 GMT. Schneider said Friday's sweetened bid was its final offer and it will not be increased further.