The global power industry experienced a 41% drop in company filings mentions of internet of things in Q1 2024 compared with the previous quarter, with the highest share accounted for by NRG Energy with 1863% year-on-year increase, according to GlobalData’s analysis of over 112 power company filings. GlobalData’s Power: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the power industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, internet of things was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of online travel and edtech, according to GlobalData.
Of the top leading companies in the power industry, NRG Energy had the greatest increase in references for internet of things in Q1 2024, compared with the previous quarter. GlobalData identified 157 internet of things-related sentences in the company's filings - 7% of all sentences - and an increase of 1863% in Q1 2024 compared with Q1 2023. E.ON’s mentions of internet of things rose by 43% to 20 and PPL’s by 167% to 8 and AES’s by 133% to 7.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for internet of things in Q1 2024 was 94.
For further understanding of GlobalData's Power: Filings Trends & Signals Q1 2024, buy the report here.
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