VER 📈 VERBUND - Overview

VERBUND AG is a leading energy company that operates across multiple segments, including Hydro, New Renewables, Sales, Grid, and All Other. Through these segments, the company generates, trades, and sells electricity to a diverse range of customers, including energy exchange markets, traders, electric utilities, industrial companies, households, and commercial customers. With a strong focus on renewable energy, VERBUND AG operates an extensive portfolio of hydropower plants, with a total capacity of 8,417 megawatts (MW), as well as wind farms and solar power facilities, with capacities of 798 MW and 253 MW, respectively.

In addition to its renewable energy assets, the company also operates two thermal power plants, which provide a reliable source of electricity during periods of high demand. Furthermore, VERBUND AG owns and operates a comprehensive electricity transmission network, as well as a gas transmission pipeline and distribution network in Austria. This integrated approach enables the company to efficiently trade and sell gas, in addition to electricity, to its customers. With a history dating back to 1947, VERBUND AG has established itself as a major player in the European energy market, with its headquarters located in Vienna, Austria.

As a publicly traded company, VERBUND AG's common stock is listed under the ISIN code AT0000746409, and it is classified under the GICS Sub Industry category of Renewable Electricity. This classification reflects the company's commitment to generating electricity from renewable sources, such as hydropower, wind, and solar energy. With a strong online presence, VERBUND AG's website, https://www.verbund.com, provides investors and customers with access to a wealth of information about the company's operations, financial performance, and sustainability initiatives.