Centrica (OTC:CPYYY) Stock, Quote.Headers.trade-ideas

Centrica

Centrica is a diversified utility based in the U.K. with operations that produce oil and gas and supply natural gas and electricity. Its British Gas business unit is the largest residential supplier of natural gas and HVAC services in Britain.

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STMicroelectronics signs 10-year PPA with Centrica for renewable energy supply in Italy starting Jan 2025, aims for carbon neutrality by 2027.

STMicroelectronics Flips the Switch on Sustainability With Another Renewable Energy Agreement In Italy

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Companies around the globe have answered Russia’s invasion of Ukraine by putting a hold on business or fully exiting operations in Russia.

This comes in addition to the harsh economic sanctions recently imposed on Russia that have collapsed the ruble.

Below is a list of the companies by sector that are holding or retiring business operations in Russia.

The Companies Pulling Their Business From Russia After The Ukraine Invasion

Penny Stocks

WNS To Extend Partnership With Centrica

Centrica PLC

STMicroelectronics N.V.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) inked a ten-year Power Purchase Agreement (PPA) with Centrica plc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CPYYY#OTC">CPYYY</a>) unit Centrica Energy Trading A/S to supply renewable energy to its operations in Italy,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/g38195924/stmicroelectronics-and-centrica-energy-sign-long-term-agreement-for-the-supply-of-electricity-prod" rel="noreferrer noopener">starting January 2025</a>.&nbsp;
The agreement is based on the sale by Centrica Energy of around 61 GWh of renewable energy per year, produced by a new solar farm in Italy.&nbsp;
STMicroelectronics operates two high-volume semiconductor manufacturing sites in Agrate (near Milan) and Catania as well as multiple R&amp;D, design, and sales and marketing sites in Italy.
Geoff West, EVP and Chief Procurement Officer, said, &#8220;This second power purchasing agreement in Italy marks yet another important step towards ST&#8217;s goal of becoming carbon neutral in its operations (Scope 1 and 2 emissions, and partially scope 3) by 2027, including the sourcing of 100% renewable energy by 2027.&#8221;&nbsp;
&#8220;PPAs will play a major role in our transition. Starting in 2025, this PPA with Centrica will provide a significant level of renewable energy for ST&#8217;s operations in Italy, which includes R&amp;D, design, sales and marketing and large-volume chip manufacturing.&#8221;
In November, STM inked a fifteen-year PPA with&nbsp;ERG&nbsp;for the supply of renewable energy to its&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/23/11/35938470/semiconductor-firm-stmicroelectronics-pens-deal-with-erg-for-renewable-energy-supply-in-italy" rel="noreferrer noopener">operations in Italy during 2024-2038</a>.&nbsp;
The company will release its first quarter&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">2024 results on April 25, 2024</a>.
Investors can gain exposure to the stock via&nbsp;Return Stacked Bonds &amp; Managed Futures ETF Veridien Climate Action ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLIA#NYSE">CLIA</a>) and&nbsp;Columbia ETF Trust I Columbia Seligman Semiconductor And Technology ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMI#NYSE">SEMI</a>).
Price Action: STM shares are up 0.09% at $42.33 premarket on the last check Thursday.

<ul>
<li>10-year contract for energy produced by a new solar farm in Italy</li>
<li>PPA will support 2027 carbon neutral and&nbsp;100%&nbsp;renewable energy sourcing goals of semiconductor manufacturer with 2 large-volume manufacturing sites in Italy</li>
<li>The agreement is based on the sale by Centrica of approximately 61 GWh of renewable energy per year, produced by a new solar farm in Italy. In Italy, ST operates two high-volume semiconductor manufacturing sites in Agrate (near Milan) and Catania as well as multiple R&amp;D, design, and sales and marketing sites.</li>
</ul>

STMicroelectronics And Centrica Energy Ink A Ten-Year Power Purchase Agreement For The Supply Of Renewable Energy To Its Operations In Italy

<ul>
<li>WNS (Holdings) Limited&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wns#NYSE">WNS</a>) has&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/07/b22058120/centrica-plc-extends-partnership-with-wns" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">extended its partnership</a>&nbsp;with&nbsp;Centrica ADR&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cpyyy#OTC">CPYYY</a>) to help the utility company transform its customer experience delivery.</li>
<li>The financial terms of the deal were not disclosed.</li>
<li>WNS will continue to deliver a personalized customer experience shaped by real-time insights.</li>
<li>WNS co-created a transformation roadmap with Centrica to deliver a Unified Customer Experience (CX) across all channels, driving seamless omnichannel experiences.&nbsp;</li>
<li>WNS would maximize First Contact Resolutions to deliver enhanced customer lifetime value, reduced cost-to-serve, and improved customer retention.</li>
<li>Price action:&nbsp;WNS shares trading higher by 3.56% at $81.22 on the last check Tuesday.</li>
</ul>

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Centrica (OTC:CPYYY) Stock, Quote.Headers.trade-ideas