The global power industry experienced a 76% drop in company filings mentions of smart grid in Q3 2023 compared with the previous quarter, with the highest share accounted for by American Water Works with 1300% year-on-year increase, according to GlobalData’s analysis of over 66 power company filings. GlobalData’s Power: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the power industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, smart grid was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of energy transition and cloud, according to GlobalData.
Of the top leading companies in the power industry, American Water Works had the greatest increase in references for smart grid in Q3 2023, compared with the previous quarter. GlobalData identified 14 smart grid-related sentences in the company's filings - 0.7% of all sentences - and an increase of 1300% in Q3 2023 compared with Q3 2022. WEC Energy Group’s mentions of smart grid rose by 100% to 10 and Power Grid Corporation of India’s by 20% to 8 and Enel Americas’s by 600% to 7 and FirstEnergy’s by 30% to 7.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for smart grid in Q3 2023 was 115.
For further understanding of GlobalData's Power: Filings Trends & Signals Q3 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
