The stock of Enel Chile SA – ADR (NYSE:ENIC) is a huge mover today! The stock increased 4.44% or $0.2 on November 23, hitting $4.7. About 221,888 shares traded hands. Enel Chile SA – ADR (NYSE:ENIC) has declined 29.85% since April 22, 2016 and is downtrending. It has underperformed by 35.26% the S&P500.
The move comes after 7 months positive chart setup for the $4.73 billion company. It was reported on Nov, 24 by Barchart.com. We have $5.12 PT which if reached, will make NYSE:ENIC worth $425.70 million more.
According to Zacks Investment Research, “Enersis Chile S.A. is involved in the generation and distribution of electricity in Chile. The Company’s thermal electric generation facilities use liquefied natural gas, coal and diesel. Enersis Chile S.A. is headquartered in Santiago, Chile.”
More recent Enel Chile SA – ADR (NYSE:ENIC) news were published by: Marketwatch.com which released: “Enel Chile SA ADR” on May 02, 2016. Also Moodys.com published the news titled: “No immediate rating implications for Endesa Chile and Enersis from ENEL’s …” on April 29, 2015. Prnewswire.com‘s news article titled: “Enersis Chile Announces Spin-off By Enersis AmÃ©ricas Of Enersis Chile” with publication date: April 05, 2016 was also an interesting one.
ENIC Company Profile
Enersis Chile S.A. is engaged in the generation and distribution of electricity in Chile. The Company’s operating divisions are Generation and Distribution. The Firm has approximately 6,350 megawatt (MW) of installed capacity. The Firm owns and operates over 110 generation units through Endesa Chile, Pehuenche, Celta and GasAtacama. Of these generation units, approximately 40 are hydroelectric, with a total installed capacity of over 3,450 MW. The Firm has over 20 thermal generation units that operate with gas, coal or oil with an installed capacity of approximately 2,810 MW. The Firm has over 50 wind powered generation units with an installed capacity of approximately 90 MW capacity.
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