The global power industry experienced a 56% drop in company filings mentions of smart grid in Q1 2024 compared with the previous quarter, with the highest share accounted for by E.ON with 229% year-on-year increase, according to GlobalData’s analysis of over 97 power company filings. GlobalData’s Power: Filings Trends & Signals Q1 2024 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, smart grid was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of cloud and energy transition, according to GlobalData.
Of the top leading companies in the power industry, E.ON had the greatest increase in references for smart grid in Q1 2024, compared with the previous quarter. GlobalData identified 23 smart grid-related sentences in the company's filings - 0.4% of all sentences - and an increase of 229% in Q1 2024 compared with Q1 2023. Xylem’s mentions of smart grid dropped by 13% to 13 and CenterPoint Energy’s by 800% to 9 and AES’s by 133% to 7 and Exelon’s by 25% to 6.
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 smart grid in Q1 2024 was 105.
For further understanding of GlobalData's Power: Filings Trends & Signals Q1 2024, 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.
