Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Emera ( (TSE:EMA) ) has provided an update.
Emera reported a successful 2024 financial year, with a 33% increase in quarterly adjusted EPS to $0.84, attributed to strong performance across its regulated utilities. Despite a decline in reported EPS due to various charges, the company executed its largest annual capital plan of $3.2 billion, driving a 7% rate base growth. The completion of Tampa Electric’s rate case is expected to significantly boost revenues in the coming years. Emera is strategically positioned to capitalize on organic growth opportunities, particularly in Florida, with a focus on a $20 billion capital plan over five years aimed at improving reliability, grid modernization, and infrastructure expansion.
More about Emera
Emera is a company operating in the energy sector, primarily focusing on regulated utilities. It is engaged in providing electricity and natural gas services, with a significant market presence in Florida and other regions.
YTD Price Performance: 7.83%
Average Trading Volume: 65,257
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $11.69B
For an in-depth examination of EMA stock, go to TipRanks’ Stock Analysis page.
