Emera Renews C$600 Million ATM Program to Enhance Financing Flexibility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2025
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Source: Newsfilter
- Enhanced Financing Flexibility: Emera has renewed its at-the-market equity program, allowing for the issuance of up to C$600 million in common shares, thereby enhancing the company's flexibility to meet future financing needs and ensuring stability in its capital structure.
- Market Trading Channels: The program permits share issuance through various marketplaces, including the Toronto Stock Exchange and the New York Stock Exchange, enabling the company to adjust issuance timing and pricing based on market conditions, optimizing fundraising efficiency.
- Agreement Details: Emera has entered into an equity distribution agreement with multiple financial institutions, ensuring professional market support for future share issuances, which will enhance the success rate of offerings and reduce financing costs.
- Long-term Strategic Planning: The program is effective until January 2029, reflecting the company's proactive planning for future capital needs, aimed at supporting its ongoing growth in the North American energy services market.
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Analyst Views on EMA
Wall Street analysts forecast EMA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EMA is 51.11 USD with a low forecast of 48.95 USD and a high forecast of 54.71 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 50.270
Low
48.95
Averages
51.11
High
54.71
Current: 50.270
Low
48.95
Averages
51.11
High
54.71
About EMA
Emera Incorporated is a geographically diverse energy and services company. It invests in regulated electricity generation and electricity and gas transmission and distribution, with a strategic focus on transformation from high carbon to low carbon energy sources. Its segments include Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other. Florida Electric Utility consists of Tampa Electric, a vertically integrated regulated electric utility in West Central Florida. Canadian Electric Utilities includes Nova Scotia Power Inc., a vertically integrated regulated electric utility and the electricity supplier in Nova Scotia, and a 100% equity interest in NSP Maritime Link Inc. Gas Utilities and Infrastructure include Peoples Gas System, Inc., New Mexico Gas Company, Inc., Emera Brunswick Pipeline Company Limited, SeaCoast Gas Transmission, LLC and Maritimes & Northeast Pipeline, LLC.
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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