Canadian Utilities buys Suncor’s wind and solar assets for $536 million

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(Reuters) – Canadian Utilities Ltd said on Wednesday it would buy Suncor Energy Inc.’s wind and solar assets and projects in Alberta and Ontario for C$730 million ($536.17 million).

(Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj Kalluvila)

Reuters 2022

All news from CANADIAN UTILITIES LIMITED

Analyst Recommendations for CANADIAN UTILITIES LIMITED

2022 sales 3,850M
2,816 million
2,816 million
Net income 2022 674 million
493M
493M
Net debt 2022 9,220M
6,743 million
6,743 million
PER 2022 ratio
2022 return 4.93%
Capitalization 9,719 million
7,109M
7,109M
EV / Sales 2022 4.92x
EV / Sales 2023 5.19x
# of employees 4,796
Floating 60.7%

Chart CANADIAN UTILITIES LIMITED


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Technical Analysis Trends CANADIAN UTILITIES LIMITED

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Tendencies Bearish Bearish Neutral




Evolution of the income statement

Sale

To buy

Medium consensus HOLD
Number of analysts 8
Last closing price $36.13
Average target price $39.44
Average Spread / Target 9.15%


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