EU to expedite power grid initiatives to address increasing energy costs
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
EU Energy Project Permits: The European Commission plans to propose legal changes to significantly reduce the approval deadlines for energy project permits across the EU, aiming to modernize power networks and address high industrial energy prices.
New Approval Timelines: Proposed deadlines for grid projects would be cut to two years, with automatic approval for permits if authorities do not respond within the new timeframes.
Centralized Infrastructure Plans: The EU will create centralized plans for cross-border electricity infrastructure and initiate a process to solicit project proposals if none are available.
Budget Allocation: The EU has allocated 30 billion euros from its 2028-2034 budget specifically for cross-border energy projects.
Analyst Views on USO
Wall Street analysts forecast USO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USO is USD with a low forecast of USD and a high forecast of 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.
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Current: 73.340
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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.
