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OFFON

VERIZON COMMUNICATIONS

(VZ)
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Lightsource bp Signs Power Contract with Verizon for 152.5 Megawatt Solar Farm in Indiana

01/28/2021 | 10:30am EDT

Lightsource bp announced that it has entered into a virtual power purchase agreement (VPPA) with Verizon Communications Inc. that will enable construction of a new 152.5 megawatt ac solar farm in Indiana, furthering Verizon’s goal of being carbon neutral in its operations (scope 1 and 2) by 2035. The Bellflower solar farm, located about 40 miles east of Indianapolis in Henry and Rush Counties, is expected to become operational in 2022. Solar projects can help strengthen local rural economies. Bellflower Solar is expected to generate $30 million in property tax revenue to Rush and Henry Counties over its life, benefiting local schools and other community public services. The project will create about 250 jobs during construction, with local labor and service requirements included in construction contracts. The operations budget for the project of $2.4 million each year will be primarily spent in the region. An action plan is underway for Bellflower Solar that aims to enhance local biodiversity. The plan is to create a pollinator friendly solar farm, designed in collaboration with ecology experts to restore and conserve pollinator habitat. The project will be part of pioneering university research on the benefits of co-locating pollinator habitat and solar installations.


ę S&P Capital IQ 2021
All news about VERIZON COMMUNICATIONS
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10/13Verizon to Redeem Debt Securities on November 12, 2021
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Analyst Recommendations on VERIZON COMMUNICATIONS
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Financials (USD)
Sales 2021 134 B - -
Net income 2021 21 782 M - -
Net Debt 2021 144 B - -
P/E ratio 2021 9,98x
Yield 2021 4,85%
Capitalization 216 B 216 B -
EV / Sales 2021 2,69x
EV / Sales 2022 2,67x
Nbr of Employees 132 200
Free-Float 96,5%
Chart VERIZON COMMUNICATIONS
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Verizon Communications Technical Analysis Chart | VZ | US92343V1044 | MarketScreener
Technical analysis trends VERIZON COMMUNICATIONS
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Last Close Price 52,27 $
Average target price 60,20 $
Spread / Average Target 15,2%
EPS Revisions
Managers and Directors
Hans Erik Vestberg Chairman & Chief Executive Officer
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Technology Officer & Executive VP
Shankar Arumugavelu Global Chief Information Officer
Craig Silliman Chief Administrative & Legal Officer, Executive VP
Sector and Competitors