STMicroelectronics Flips the Switch on Sustainability With Another Renewable Energy Agreement In Italy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 11 2024
0mins
Should l Buy STM?
Source: Benzinga
- STMicroelectronics PPA with Centrica: Signed a 10-year Power Purchase Agreement (PPA) with Centrica Energy Trading A/S to supply renewable energy to its operations in Italy from January 2025.
- Renewable Energy Supply: Centrica Energy will sell around 61 GWh of renewable energy per year, generated by a new solar farm in Italy, to STMicroelectronics.
- STMicroelectronics Operations: Operates semiconductor manufacturing sites in Agrate and Catania, along with various R&D, design, and sales/marketing sites in Italy.
- Carbon Neutrality Goal: STMicroelectronics aims to become carbon neutral in its operations by 2027, including sourcing 100% renewable energy by the same year.
- Investment Opportunities: Investors can access STM shares through ETFs like Veridien Climate Action ETF (CLIA) and Columbia Seligman Semiconductor And Technology ETF (SEMI).
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Analyst Views on STM
Wall Street analysts forecast STM stock price to fall
7 Analyst Rating
2 Buy
5 Hold
0 Sell
Moderate Buy
Current: 33.610
Low
25.00
Averages
33.25
High
45.00
Current: 33.610
Low
25.00
Averages
33.25
High
45.00
About STM
STMicroelectronics N.V. is a Netherlands-based semiconductor company. It designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company's segments include Automotive and Discrete Group (ADG), Analog, MEMS and Sensors Group (AMS), and Microcontrollers and Digital ICs Group (MDG). The ADG segment comprises all dedicated automotive Integrated Circuits (ICs), and discrete and power transistor products. The AMS segment includes low-power analog ICs for all markets, smart power products; Touch Screen Controllers, Low Power Connectivity solutions for Internet of Things (IoT), and power conversion products, among others. The AMS segment comprises general purpose and secure microcontrollers, and Electrically Erasable Programmable Read-Only Memory memories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Growth Forecast: Gartner forecasts that sovereign cloud IaaS spending will reach $80 billion in 2026, with Europe, the Middle East, and Asia-Pacific experiencing the highest growth, underscoring the urgency for enterprises to adapt to accelerating data residency mandates to maintain competitiveness.
- Educational Webinar: QSE Corp is set to host a webinar titled “The Post-Quantum Shift: What Changes? What Fails? What to Do Now?” on February 17, 2026, aimed at helping organizations understand the implications of quantum computing on traditional encryption, expected to attract significant participation from IT leaders and security professionals.
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See More
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- Shift in Security Focus: Gartner's report indicates that 75% of enterprise intrusions now involve compromised identity credentials, highlighting the need for companies to transition from traditional perimeter defenses to identity-first security measures to combat emerging cyber threats.
- Webinar Announcement: QSE is set to host a webinar titled “The Post-Quantum Shift: What Changes? What Fails? What to Do Now?” on February 17, 2026, aimed at helping organizations understand the impact of quantum computing on traditional encryption methods, expected to attract a wide audience of IT leaders and security professionals.
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- Revenue Forecast Upgrade: Analyst Didier Scemama raised revenue estimates for 2026 through 2028 by 1.4% to 1.7%, with the acquisition expected to contribute mid-$40 million in revenues to the company's first-quarter results, demonstrating the immediate financial benefits of the deal.
- Earnings Projection Adjustment: Scemama also increased earnings estimates by approximately 2% over the same period, reflecting market confidence in STMicro's future growth potential, while maintaining a Neutral rating on the stock.
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See More
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- Flexible Memory Solution: The Stellar P3E utilizes ST's xMemory technology, offering twice the density of traditional embedded flash memory, allowing dynamic expansion of software storage for OEMs to rapidly deploy new features and updates without hardware redesign, thus enhancing market competitiveness.
- Comprehensive Edge AI Ecosystem: This microcontroller is closely integrated with the ST Edge AI Suite, supporting the entire process from dataset creation to on-device deployment, combined with the NanoEdge AI Studio tool, aimed at streamlining the deployment of sophisticated edge AI solutions in demanding automotive environments, thereby improving development efficiency.
See More
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See More
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- Rising Lunar Launch Demand: As Musk shifts to a faster 10-day lunar launch cycle, the demand for reliable, power-efficient, and radiation-tolerant electronics is increasing, further solidifying STM's technological prowess in this critical area.
- Amazon's Strategic Investment: Amazon's AWS inked a multi-billion-dollar deal with STM, including warrants that could grant Amazon nearly a 3% stake, emphasizing STM's significance in securing supply for hyperscale AI data centers.
- Positive Market Reaction: Following the Amazon news, STM's stock jumped over 9% in pre-market trading on Monday, indicating market recognition of STM's transformation from an automotive chipmaker to a strategic linchpin, with investors optimistic about its dual opportunities in aerospace and AI.
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