Centrica PLC
CNA: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 794.00 | Nky | Bwgdqxcz |
The Energy Crisis Has Improved Centrica's Competitive Positioning
Business Strategy and Outlook
Previous Centrica CEO Iain Conn, appointed in 2015, embarked on a strategic U-turn by downsizing upstream activities to focus on customer-facing ones. The company sold its gas power plants, wind farms, and oil and gas assets outside Europe and redeployed part of the capital in small, capital-light companies involved in innovative energy services linked to digitalization and efficiency.