The global power industry experienced an 80% drop in company filings mentions of COVID-19 in Q4 2023 compared with the previous quarter, with the highest share accounted for by Consolidated Edison with 50% year-on-year decrease, according to GlobalData’s analysis of over 211 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, COVID-19 was one of the most frequently referenced themes in Q4 2023, ranking highest in terms of mentions, ahead of robotics and cyber insurance, according to GlobalData.
Of the top leading companies in the power industry, Consolidated Edison had the greatest increase in references for COVID-19 in Q4 2023, compared with the previous quarter. GlobalData identified 40 COVID-19-related sentences in the company's filings - 5% of all sentences - and a decrease of 50% in Q4 2023 compared with Q4 2022. Avangrid’s mentions of COVID-19 dropped by 48% to 13 and Public Service Enterprise Group’s by 18% to 13 and FirstEnergy’s by 57% to 11 and American Water Works’s by 40% 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 COVID-19 in Q4 2023 was 76.
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.
