Verbund traded at 59.35 this Friday June 5th, increasing 0.55 or 0.94 percent since the previous trading session. Looking back, over the last four weeks, Verbund gained 2.70 percent. Over the last 12 months, its price fell by 10.35 percent. Looking ahead, we forecast Verbund to be priced at 55.97 by the end of this quarter and at 51.50 in one year, according to Trading Economics global macro models projections and analysts expectations.
VERBUND AG is an Austria-based energy company. The Company is engaged in the generation and transmission of electricity in Austria. It is also active in the energy trading markets. Through its trading platform, VERBUND Energy4Business GmbH, which trades power and energy derivatives over-the-counter and at the major power exchanges across Europe. VERBUND generates electricity via its large network of hydroelectric power plants, which accounts for approximately 90% of the power generated, supplemented by wind, solar and thermal power plants, powered by fossil fuels. The Company's transmission business is run by VERBUND-Austrian Power Grid AG, which operates, maintains and extends Austria's high-voltage and extra-high-voltage power grids. Verbund has further subsidiary operations in Germany, Italy, Poland, Hungary and Slovenia. Furthermore, the Company acquired Gas Connect Austria GmbH to operate its infrastructure.