Transelectrica traded at 96.40 this Tuesday June 23rd, increasing 0.90 or 0.94 percent since the previous trading session. Looking back, over the last four weeks, Transelectrica gained 7.23 percent. Over the last 12 months, its price rose by 74.32 percent. Looking ahead, we forecast Transelectrica to be priced at 94.45 by the end of this quarter and at 88.00 in one year, according to Trading Economics global macro models projections and analysts expectations.
Compania Nationala de Transport al Energiei Electrice Transelectrica SA is a Romania-based electric company. It is active in the electricity transmission, organization of the Romanian power system and electricity market management. Its activities are divided into four segments. The Transmission Services segment consists in ensuring the technical conditions and maintaining the parameters of electricity during the injection/extraction of energy in/from the transmission network. The Balancing Market is responsible for issuing green certificates on the energy market to the energy producers from regenerative energy source and settling the obligations derived from green certificate trade, repairs and maintenance of the transmission equipment. The Technological System Service provides technical services. The Technological System Services operates and maintenances its assets. In April 2014, a 58% of its stakes were transferred to the General Secretariat of the Romanian Government.