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ELECTRIC POWER DEVELOPMENT CO., LTD.

(9513)
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Electric Power Development : Execution of Joint Development Agreement with Fortress for New Solar Generation and Energy Storage Projects in USA

04/01/2021 | 08:59am EDT

Electric Power Development Co., Ltd. (headquartered in Chuo-ku, Tokyo; Toshifumi Watanabe, President, hereafter 'J-POWER') announces that it executed a Joint Development Agreement with Fortress Investment Group, LLC for new solar generation and energy storage projects through its 100%-owned subsidiary J-POWER USA Development Co., Ltd. ('J-POWER USA').

The purpose of the agreement is to cooperate in developing solar generation and energy storage projects in Virginia after closing Birchwood Power in March 2021, which is the coal-fired power plant and J-POWER has owned 50% of interest since 2007.

The Project is J-POWER's third solar projects in the United States.

J-POWER continues to pursue the growth of overseas power generation business including renewables.

Contact:

Tel: 03-3546-2211

Fax: 03-3546-9532

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ELECTRIC POWER DEVELOPMENT CO., LTD. -0.37% 1632 End-of-day quote.14.85%
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Financials
Sales 2022 865 B 7 838 M 7 838 M
Net income 2022 40 814 M 370 M 370 M
Net Debt 2022 1 556 B 14 105 M 14 105 M
P/E ratio 2022 7,32x
Yield 2022 4,60%
Capitalization 299 B 2 703 M 2 708 M
EV / Sales 2022 2,15x
EV / Sales 2023 2,13x
Nbr of Employees 7 156
Free-Float 90,2%
Chart ELECTRIC POWER DEVELOPMENT CO., LTD.
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Electric Power Development Co., Ltd. Technical Analysis Chart | 9513 | JP3551200003 | MarketScreener
Technical analysis trends ELECTRIC POWER DEVELOPMENT CO., LTD.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 1 632,00 JPY
Average target price 1 941,43 JPY
Spread / Average Target 19,0%
EPS Revisions
Managers and Directors
Toshifumi Watanabe President & Representative Director
Hitoshi Murayama Chairman
Go Kajitani Independent Outside Director
Tomonori Ito Independent Outside Director
John Buchanan Independent Outside Director
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