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MDLZ

Mondelez

$54.21

-1.01 (-1.83%)

09:08
06/27/19
06/27
09:08
06/27/19
09:08

Mondelez announces renewable energy partnership with Enel Green Power

Mondelez International and Enel Green Power North America announced the signing of a twelve-year power purchase agreement under which Mondelez International will purchase the energy delivered to the electricity grid from a 65 MW portion of Enel Green Power North America's Roadrunner project, a solar farm in Texas, United States. The agreement is Mondelez International's largest renewable energy partnership at a global level and their first renewable energy PPA signed in the U.S. The partnership enables Mondelez International to make substantial progress against its sustainability goals by reducing 80,000 metric tons of carbon dioxide emissions - that's 5% of the company's global manufacturing emissions. Enel Green Power North America, part of the Enel Group's global renewable energy business line Enel Green Power, owns and will operate the 497 MW Roadrunner solar farm currently under construction. Mondelez International will purchase the energy generated by a 65 MW portion of the project, which is enough to produce more than 50 percent of all the Oreo cookies consumed in the U.S. annually. The Roadrunner solar project, located in Upton County, Texas, is Enel Green Power's largest solar project in the U.S. Once fully operational, the solar plant will be able to generate approximately 1.2 TWh annually, while avoiding the emission of over 800,000 tons of CO2 per year.

MDLZ Mondelez
$54.21

-1.01 (-1.83%)

01/24/19
01/24/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Mondelez (MDLZ) downgraded to Hold from Buy at Berenberg. 2. Aratana (PETX) downgraded to Market Perform from Outperform at William Blair with analyst John Kreger saying in the last month the company disclosed two senior leadership departures while its activist investor disclosed a significant reduction in ownership. 3. Weibo (WB) downgraded to Hold from Buy at Jefferies with analyst Karen Chan saying Weibo remains an "irreplaceable" social media platform in China and mobile game approval resumption could be a catalyst, but the macro impact on handset, auto and entertainment could weigh on the company's overall advertising growth. 4. Mindbody (MB) downgraded to Market Perform from Outperform at JMP Securities with analyst Patrick Walravens citing the expiration of the 30-day go-shop period contained in the merger agreement with Vista Equity Partners. At this point, he thinks it seems unlikely that Mindbody will receive a superior proposal. 5. Canada Goose (GOOS) downgraded to Market Perform from Outperform at Wells Fargo with analyst Ike Boruchow saying while he remains confident on the trajectory of the Canada Goose brand and the fundamental story that has developed since their IPO in 2017, he feels the risk/reward is not as compelling as it once was. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/15/19
UBSW
04/15/19
NO CHANGE
Target $56
UBSW
Buy
Mondelez price target raised to $56 from $51 at UBS
UBS analyst Steven Strycula raised his price target on Mondelez (MDLZ) to $56 and kept his Buy rating, saying that while the stock has already outperformed the broader Consumer Staples ETF (XLP) by 14pts year-to-date, it can "rerate" further "if global organic sales trends grow over 2.5% and FY19 operating margin targets prove conservative." The analyst notes that while growth in U.S. food is scarce, he believes that Mondelez's relative price-to-earnings valuation can expand thanks to "relative sales outperformance and a pullback in rates."
05/01/19
FBCO
05/01/19
NO CHANGE
Target $59
FBCO
Outperform
Mondelez price target raised to $59 from $50 at Credit Suisse
Credit Suisse analyst Robert Moskow raised his price target for Mondelez to $59 from $50 after the company reported a high-quality Q1 EPS beat. The analyst reiterates an Outperform rating on the shares.
06/11/19
EVER
06/11/19
INITIATION
Target $62
EVER
Outperform
Mondelez initiated with an Outperform at Evercore ISI
Evercore ISI analyst David Palmer started Mondelez with an Outperform rating and $62 price target.

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