Veolia Environnement SA

VIE: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€81.00	Jlczg	Scyxpwzt

European Utilities Sell Off in Q1 on Falling Power Prices; RWE, SSE, Centrica, and Orsted Top Picks

Tancrede Fulop

Mar 18, 2024

European utilities have reversed their outperformance in the fourth quarter of 2023 because of a fall in wholesale power prices in the wake of gas prices after a very mild winter, and a pickup in interest rates due to inflation receding more slowly than expected. The former led to some of the companies, most exposed to power prices, cutting their guidance for 2024.

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