The global power industry experienced an 80% drop in company filings mentions of COVID-19 in Q2 2023 compared with the previous quarter, with the highest share accounted for by Consolidated Edison with 67% year-on-year decrease, according to GlobalData’s analysis of over 388 power company filings. GlobalData’s COVID-19 Cross-Sector Impact – Thematic Research report helps understand how the effect of COVID-19 on power sector compares with 17 other key sectors, in terms of equity indices, M&A volumes, jobs index, and filings. Buy the report here.
Notably, COVID-19 was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of governance and individualism & expression, according to GlobalData.
Of the top leading companies in the power industry, Consolidated Edison had the greatest increase in references for COVID-19 in Q2 2023, compared with the previous quarter. GlobalData identified 41 COVID-19-related sentences in the company's filings - 6% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. Avangrid’s mentions of COVID-19 rose by 100% to 29 and Centrais Eletricas Brasileiras’s by 100% to 23 and National Grid’s by 100% to 16 and Enel’s by 100% to 11.
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 Q2 2023 was 92.
To further understand GlobalData's analysis on COVID-19 Cross-Sector Impact - Thematic Research, buy the report here.