Schneider Electric SE (EURONEXT:SU) reported flat Q1 revenue of $1.40B, slightly below estimates but beating on EPS and adjusted operating income, lifting shares about 17% to near $36.41. The company also struck a partnership with Southern California Edison to deploy SF6-free grid equipment from 2027, expanding capacity and sustainability credentials.
Previous Week Recap
- Schneider Electric Q1 Revenue Flat; EPS Beat: Schneider Electric (SU) Q1 revenue $1.40B, flat YoY and ~0.7% below estimates; beat on EPS and adjusted operating income. Shares jumped about 17.1%, trading near $36.41.
- Schneider Partners SF6-Free Grid Equipment: Schneider Electric (SU) partners with Southern California Edison to deploy SF6-free grid equipment, boosting capacity; installations start in 2027.
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