Cleco Corporate Holdings Llc (CNL) |
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Cleco Corporate Holdings Llc
Cleco Corporate Holdings LLC is a publicly traded holding company that owns Cleco Power LLC, a regulated electric utility company that serves more than 290,000 customers in Louisiana.
Cleco Power LLC is the largest regulated electric utility in Louisiana in terms of customers served. The company operates a diverse mix of generation resources, including coal, natural gas, and renewable energy sources like solar and wind. It also owns and operates a transmission system that includes over 3,300 miles of high-voltage transmission lines, as well as over 680 distribution substations and more than 12,500 miles of distribution lines.
Cleco Corporate Holdings LLC was founded in 1935 as Central Louisiana Electric Company and was later renamed to Cleco Corporation. In 2015, the company was acquired by an investment group led by Macquarie Infrastructure and Real Assets. Under the new ownership, Cleco Corporate Holdings LLC continues to operate as a fully integrated electric utility company and maintains its headquarters in Pineville, Louisiana.
Cleco Corporate Holdings LLC is also committed to giving back to the communities it serves by supporting local organizations and charities through its Cleco Foundation. The foundation supports a wide range of programs, including education, health and human services, economic development, and cultural activities.
In recent years, Cleco Corporate Holdings LLC has been recognized for its commitment to sustainability and innovation. The company has invested in renewable energy sources and has implemented energy efficiency programs to reduce the environmental impact of its operations. Cleco Corporate Holdings LLC is also dedicated to advancing technology and innovation in the energy industry, including investments in electric vehicle charging stations and other clean energy solutions.
Overall, Cleco Corporate Holdings LLC is an innovative and socially responsible electric utility company that is committed to delivering reliable and affordable energy to its customers while also investing in the communities it serves.
Company Address: 2030 Donahue Ferry Road Pineville 71360 LA
Company Phone Number: 484-7400 Stock Exchange / Ticker: CNL
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Stock Performances by Major Competitors |
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Genie Energy Ltd
Genie Energy Ltd, a leading energy company, has experienced a significant drop in its share prices over the past three months. During March 2024 alone, GNE shares fell by 3.1%, and overall, they have dropped by 20.13% in the past quarter. Despite these declines, Genie Energy Ltd shares are currently trading on the NYSE at 7.5% above its 52-week average. One of the main factors contributing to the drop in share prices is the company's performance during the fourth quarter of 2023 earnings season. Genie Energy Ltd reported a shortfall of $-0.97 per share, a significant decrease compared to $0.58 per share a year ago. Furthermore, EPS fell from $0.53 per share from the prior quarter. However, it is important to note that the company's revenue grew strongly by 72.853% to $104.92 million from $60.70 million in the similar quarter a year ago. It is worth mentioning that while Genie Energy Ltd's top-line rose faster than most of its industry peers in the Electric Utilities sector, there was a significant decrease in revenue sequentially, falling by -16.097% from $125.05 million. Additionally, Genie Energy Ltd reported a net shortfall of $-23.651 million for the fourth quarter of 2023, as opposed to net earnings of $16.851 million in the similar quarter a year before.
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Altus Power Inc
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Brookfield Renewable Corporation
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Hawaiian Electric Industries Inc
The financial results of Hawaiian Electric Industries Inc for the year 2023, as well as the first quarter of 2024, paint a mixed picture. While the company saw some declines in income and revenue, it also experienced growth in sequential earnings per share (EPS). Understanding the repercussions of these financial outcomes is crucial to gain insights into how Hawaiian Electric Industries Inc may perform in the future. Revenue and Income: Hawaiian Electric Industries Inc faced a decrease in revenue by -6.157% to $956.37 million in the closing quarter of December 31, 2023, compared to the previous year. Sequentially, the revenue saw growth of 6.043% from $901.87 million. Similarly, the company's income fell by -15.39% to $0.44 per share, indicating a decline in profitability.
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Ameren Corporation
The financial results reported by Ameren Corporation for the most recent fiscal period paint a mixed picture for the company. While earnings and revenue have seen declines compared to previous periods, there are also positive indicators such as improving profit margins and a significant increase in the quarterly cash dividend. The decrease in earnings and revenue could be attributed to various factors, including a challenging economic environment, seasonal fluctuations in demand, and potentially slowing growth in the industry. However, Ameren Corporation has managed to maintain a relatively strong net margin of 9.83% and operating margin of 16.32%, indicating efficient cost management and profitability.
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