Emera Renews C$600 Million At-the-Market Equity Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2025
0mins
Source: Businesswire
- Enhanced Financing Flexibility: Emera has renewed its at-the-market equity program, allowing the issuance of up to C$600 million in common shares, thereby enhancing its ability to respond swiftly to future capital needs and market changes.
- Diverse Market Channels: The new program permits share issuance through various marketplaces, including the Toronto Stock Exchange and the New York Stock Exchange, which not only increases liquidity but also attracts a broader investor base, further strengthening the company's market position.
- Defined Agreement Duration: The equity distribution agreement is effective until January 5, 2029, ensuring a stable financing channel for the company over the coming years, which supports its long-term strategic goals and business expansion.
- Transparent Use of Proceeds: Emera intends to use any funds raised through this program for general corporate purposes, and this transparent funding strategy helps to boost investor confidence and facilitates ongoing investments in renewable energy initiatives.
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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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