GS Utilities Daily: Engie EPS Upgrades and AI-Driven Growth Catalyst (August 2026)

Key Takeaways

• 1.Engie raised its 2026 net recurring income guidance and is seeing datacenter co-siting projects as a major growth catalyst.
• 2.Veolia reported H1 2026 EBITDA growth and completed the Clean Earth acquisition, leading to EPS forecast upgrades.
• 3.European utility valuations are supported by an 'Earnings Super-Cycle' driven by AI power demand and electrification.

Table of Contents

• Research you can’t miss from past two weeks
• Engie: EPS upgrades and a new data center catalyst on the horizon
• Veolia Environnement: Update numbers post H1 results
• Elia and CPP to acquire Tarchon interconnector
• EDPR signs Asset Rotation deal for a 58 MW portfolio in Greece
• Other news
• Events to watch this week
• Research you need to read

Report data

Distribution of ratings/investment banking relationships

Reports in this series

GS Utilities Daily is shown in chronological order through this edition, published on August 3, 2026.

Part of the GS Utilities Daily series — view all 33 editions

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