Sonoco Begins Virtual Power Purchase Agreement with Engie
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy SON?
Sonoco (SON) announced that delivery of the virtual power purchase agreement for production from Engie's (ENGIY) Big Sampson Wind Project, in Crockett County, Texas has commenced. Under the VPPA, Sonoco and Engie contracted an estimated 140 megawatts of electricity per year, representing approximately 83% of Sonoco's U.S. electricity consumption in 2025 and approximately 52% of the expected output capacity of Big Sampson, for a term of 15 years commencing upon Big Sampson's entry into commercial operation. The VPPA represents another step in Sonoco's integrated approach to corporate sustainability.
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Analyst Views on SON
Wall Street analysts forecast SON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SON is 52.71 USD with a low forecast of 47.00 USD and a high forecast of 60.00 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.
9 Analyst Rating
4 Buy
5 Hold
0 Sell
Moderate Buy
Current: 50.820
Low
47.00
Averages
52.71
High
60.00
Current: 50.820
Low
47.00
Averages
52.71
High
60.00
About SON
Sonoco Products Company is a global designer, developer, and manufacturer of a variety of highly engineered and sustainable packaging serving multiple end markets. Its segments include Consumer Packaging and Industrial Paper Packaging. Products within the Consumer Packaging segment consist of rigid packaging (paper, metal, and plastic), primarily serving the consumer staples market focused on food, beverage, household, personal, and pharmaceutical products. Its rigid paper containers are manufactured from 100% recycled paperboard provided primarily from Sonoco global paper operations. These paper products are primarily used in the food and beverage markets. Products within the Industrial Paper Packaging segment consist primarily of goods produced from recycled fiber including paperboard tubes, cores, cones and cans; partitions; paper-based protective materials, and uncoated recycled paperboard for high-end applications such as folding cartons, can board, and laminated structures.
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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- Leadership Enhancement: During his tenure at Timken, Kyle successfully drove financial transformation and strategic diversification, expanding the industrial motion product portfolio, and this experience will aid Sotera Health's continued growth and market expansion in the healthcare sector.
- Committee Involvement: As a board member, Kyle will participate in the Leadership Development and Compensation Committee and the Nominating and Corporate Governance Committee, enhancing Sotera Health's capabilities in corporate governance and talent management.
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- Rich Leadership Experience: Kyle previously served as CEO of Timken, where he drove financial transformation and strategic diversification, showcasing his strong background in global operations and financial management.
- Diverse Background: Before becoming CEO, Kyle held various senior leadership roles at Timken, accumulating extensive industry experience that will provide crucial support for Sotera Health's future growth.
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- Industry Contributions: During his tenure, Fuller has driven Sonoco's transformation in the metal and paper packaging sectors, enhancing the company's market position and demonstrating his influence and leadership within the industry.
- Community Engagement: Fuller has been actively involved in various industry and community organizations, including the Sonoco Foundation and the American Forest & Paper Association, reflecting his commitment to social responsibility, which could positively impact the company's image and brand value.
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- New Board Member: Sotera Health has appointed Richard G. Kyle as a new independent director, who previously served as CEO of Timken, bringing extensive global operations and financial management experience that is expected to positively impact the company's governance and strategic development.
- Leadership Enhancement: During his tenure at Timken, Kyle successfully drove financial transformation and strategic diversification, expanding the industrial motion product portfolio, and this experience will aid Sotera Health's continued growth and market expansion in the healthcare sector.
- Committee Involvement: As a board member, Kyle will participate in the Leadership Development and Compensation Committee and the Nominating and Corporate Governance Committee, enhancing Sotera Health's capabilities in corporate governance and talent management.
- Educational Background: Kyle holds a Bachelor of Science in Mechanical Engineering from Purdue University and an MBA from Northwestern University, providing a solid theoretical foundation for navigating complex business environments, further increasing his value on Sotera Health's board.
See More
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- New Board Member: Sotera Health Company has appointed Richard G. Kyle as a new independent director, who will serve on the Leadership Development and Compensation Committee and the Nominating and Corporate Governance Committee, enhancing the company's governance structure.
- Rich Leadership Experience: Kyle previously served as CEO of Timken, where he drove financial transformation and strategic diversification, showcasing his strong background in global operations and financial management.
- Diverse Background: Before becoming CEO, Kyle held various senior leadership roles at Timken, accumulating extensive industry experience that will provide crucial support for Sotera Health's future growth.
- Strategic Value: Sotera Health's CEO Michael B. Petras emphasized that Kyle's leadership experience and governance expertise will serve as valuable assets for the company's continued growth, further solidifying its market position in the healthcare industry.
See More
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- Analyst Rating Update: RBC Capital analyst Arun Viswanathan raised LyondellBasell's price target from $44 to $49 while maintaining a Sector Perform rating, reflecting confidence in the company's future performance.
- Executive Changes Impact: SunCoke Energy Inc announced the retirement of CFO Mark W. Marinko effective March 13, 2026, appointing Shantanu Agrawal as his successor, which may affect the company's financial strategy and market confidence.
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See More
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- Executive Retirement: Sonoco Products Company announced that COO Rodger Fuller will retire on February 28, 2026, concluding a 40-year career with the company, marking a significant leadership transition.
- Leadership Restructuring: Fuller has served as COO since 2020 and acted as interim CEO of the Metal Packaging EMEA business until the end of 2025; after his retirement, the company will not appoint a new COO, with business unit presidents reporting directly to President and CEO Howard Coker.
- Stock Price Reaction: Sonoco's shares fell by 2.07% following the announcement, reflecting market concerns regarding the uncertainties and potential impacts of the executive transition.
- Future Outlook: Despite the executive changes raising market concerns, analysts remain optimistic about Sonoco's long-term prospects, anticipating a rebound in containerboard in 2026, which could present new growth opportunities for the company.
See More
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- Executive Retirement: Sonoco's Chief Operating Officer Rodger Fuller has announced his retirement effective February 28, 2026, concluding a 40-year career with the company, marking a significant leadership transition.
- Leadership Change: Since becoming COO in 2020, Fuller has overseen global consumer and industrial operations, and moving forward, the presidents of each business unit will report directly to current President and CEO Howard Coker, which may impact operational efficiency.
- Industry Contributions: During his tenure, Fuller has driven Sonoco's transformation in the metal and paper packaging sectors, enhancing the company's market position and demonstrating his influence and leadership within the industry.
- Community Engagement: Fuller has been actively involved in various industry and community organizations, including the Sonoco Foundation and the American Forest & Paper Association, reflecting his commitment to social responsibility, which could positively impact the company's image and brand value.
See More
SONOCO PRODUCTS: COO POSITION TO REMAIN UNFILLED; PRESIDENTS OF EACH BUSINESS UNIT TO REPORT DIRECTLY TO CEO
- Succession Announcement: Sonoco Products will not appoint a successor to the current COO position.
- Leadership Communication: The President of Sonoco's Sea Coast Business Unit has reported this decision to the CEO.
See More
