BUZZ-Engie jumps to almost 10 yrs highs after 'strong' guidance

Shares in Engie ENGIE.PA rise 6% to its highest price since May 2015 after the French utility group upgraded its 2025 outlook thanks to reduced volatility in the energy market and lower energy prices

The company now expects its 2025 EBIT excl nuclear at 8-9 billion euros ($8.4-$9.4 billion) vs a previous forecast of 7.9-8.9 billion euros

It also raises expectations for net recurring income to between 4.4-5 billion euros, vs 3.6-4.5 billion euros previously

J.P. Morgan sees the set of results and guidance as very positive and reiterates its "overweight" rating

"With consensus below the bottom end of net income for the coming years, we think this guidance will come as a positive surprise", JPM says, describing the outlook as strong

The stock tops France's blue-chip index .FCHI

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($1 = 0.9545 euros)