The global power industry experienced a 64% drop in company filings mentions of cybersecurity in Q4 2023 compared with the previous quarter, with the highest share accounted for by NextEra Energy with 425% year-on-year increase, according to GlobalData’s analysis of over 146 power company filings. GlobalData’s Power: Filings Trends & Signals Q4 2023 report delves into earnings call transcripts and quarterly reports within the power industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, cybersecurity was one of the most frequently referenced themes in Q4 2023, ranking highest in terms of mentions, ahead of digitalization and internet of things, according to GlobalData.
Of the top leading companies in the power industry, NextEra Energy had the greatest increase in references for cybersecurity in Q4 2023, compared with the previous quarter. GlobalData identified 21 cybersecurity-related sentences in the company's filings - 2% of all sentences - and a decrease of 9% in Q4 2023 compared with Q4 2022. Public Service Enterprise Group’s mentions of cybersecurity rose by 425% to 21 and DTE Energy’s by 11% to 8 and Siemens’s by 90% to 7 and PPL’s by 67% to 5.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cybersecurity in Q4 2023 was 107.
For further understanding of GlobalData's Power: Filings Trends & Signals Q4 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
