The global power industry experienced a 45% drop in company filings mentions of cybersecurity in Q3 2023 compared with the previous quarter, with the highest share accounted for by Enel Americas with 6000% year-on-year increase, according to GlobalDataâ€™s analysis of over 208 power company filings. GlobalData’s Power: Filings Trends & Signals Q3 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.
Notably, cybersecurity was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of future of work and governance, according to GlobalData.
Of the top leading companies in the power industry, Enel Americas had the greatest increase in references for cybersecurity in Q3 2023, compared with the previous quarter. GlobalData identified 61 cybersecurity-related sentences in the company's filings - 2% of all sentences - and an increase of 6000% in Q3 2023 compared with Q3 2022. WEC Energy Groupâ€™s mentions of cybersecurity rose by 1000% to 22 and American Water Worksâ€™s by 225% to 13 and Constellation Energyâ€™s by 350% to 9 and Power Grid Corporation of Indiaâ€™s by 40% to 7.
GlobalDataâ€™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 Q3 2023 was 144.
For further understanding of GlobalData's Power: Filings Trends & Signals Q3 2023, buy the report here.