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Norfolk Southern to present at Wolfe Research 18th Annual Global Transportation & Industrials Conference
Prnewswire· 2025-05-16 19:17
Core Insights - Norfolk Southern Corporation will participate in the Wolfe Research 18th Annual Global Transportation & Industrials Conference on May 20, 2025, at 11 a.m. ET [1] - The presentation will be available on the company's Investors page on its website [1] Company Overview - Norfolk Southern has been operational since 1827, focusing on freight transportation that supports the U.S. economy [2] - The company is committed to sustainability, helping customers avoid approximately 15 million tons of carbon emissions annually by utilizing rail transport [2] - Norfolk Southern handles over 7 million carloads each year, covering a wide range of goods from agriculture to consumer products [2] - It leads in automotive traffic among Class I Railroads and boasts the most extensive intermodal network in the eastern U.S. [2] - The company serves a significant portion of the U.S. population and manufacturing base, with connections to major container ports along the Atlantic coast, Gulf Coast, and Great Lakes [2]
KeyBanc唱空南方电力(SO.US)等多股:公用事业估值重构 风险偏好转向AI基建
智通财经网· 2025-05-15 06:54
智通财经APP获悉,美国南方电力公司(SO.US)周三收跌0.77%,遭遇KeyBanc证券分析师索菲·卡普 (Sophie Karp)的评级利空——该机构将其评级降至"减持",目标价设定为78美元。这场评级调整风暴席 卷整个公用事业板块,折射出机构投资者风险偏好的重大转向。 冰火两重天的是,阿曼瑞恩(AEE.US)和安特吉(ETR.US)双双获升至"增持",目标价分别上看103美元和 85美元。分析师看好这两家公司在中西部地区的基础设施升级潜力,特别是人工智能数据中心建设催生 的用电需求增长。同获青睐的埃克西尔能源(XEL.US)和威州能源(WEC.US)也印证着这一逻辑,这两家 公司也被给予"增持"评级。 这场评级洗牌背后,是华尔街对公用事业板块估值体系的重构。当美联储降息预期推动资金流向风险资 产,曾经备受追捧的稳定收益标的正在经历结构性重估。南方电力等传统公用事业巨头面临增长天花 板,而布局AI基建的电力企业则成为新宠,这种分化格局或将持续主导2025年行业走势。 卡普在研报中直指南方电力估值泡沫:当前股价较行业平均溢价13%,尽管佐治亚州优越的监管环境为 其提供支撑,但市场过于乐观的增长预期与实际存 ...
Southern Cross Gold Closes Second Tranche of Private Placement
Newsfile· 2025-05-14 13:57
Core Viewpoint - Southern Cross Gold Consolidated Ltd has successfully closed the second tranche of its private placement, raising approximately C$29.87 million to support the development of the Sunday Creek Gold-Antimony Project in Australia [1][4]. Group 1: Financial Details - The second tranche involved the issuance of 6,636,918 common shares, with 550,000 converted to Chess Depositary Interests (CDIs), at a price of C$4.50 (A$5.10) each [2][10]. - The total gross proceeds from the second tranche amounted to C$29,866,131 [2][7]. - A third tranche is anticipated to close around May 16, 2025, with expected gross proceeds of up to approximately C$24.44 million [4]. Group 2: Project Development - The net proceeds from the placement are earmarked for key milestones in the Sunday Creek project, including C$53 million for drilling to establish an Inferred Resource by Q1 2027, C$27 million for decline development, C$4 million for a Preliminary Economic Assessment, and C$59 million for exploration and working capital [11]. - The Sunday Creek project is located 60 km north of Melbourne and is recognized as one of the significant gold and antimony discoveries in the Western world, with a mineralization structure extending over 12 km [13][14]. Group 3: Strategic Importance - The dual-metal profile of the Sunday Creek project, with antimony contributing 20% of the in-situ value alongside gold, positions the company strategically, especially in light of China's export restrictions on antimony [14]. - Southern Cross Gold's inclusion in the US Defense Industrial Base Consortium and legislative changes related to AUKUS enhance its potential as a key supplier of antimony in the West [14].
ScaleReady awards multiple G-Rex® Grants to leading investigators at the University of Southern California (USC) and the Children's Hospital of Los Angeles (CHLA)
Prnewswire· 2025-05-14 11:00
ST. PAUL, Minn., May 14, 2025 /PRNewswire/ -- ScaleReady, in collaboration with Wilson Wolf Manufacturing, Bio-Techne Corporation (NASDAQ: TECH) and CellReady announced today three G-Rex Grants that have been awarded to faculty members at the University of Southern California (USC) and the Children's Hospital of Los Angeles (CHLA). The funding totaling $1,025,000 will support the translation of various cell and gene therapy initiatives into the clinic. Dr. Mohamed Abou-el-Enein, Executive Director of the US ...
The Alkaline Water Company Announces Return to Southern California Market Through Partnership with Santa Monica Distributors Corp
Prnewswire· 2025-05-13 10:00
Core Insights - The Alkaline Water Company Inc. has announced its return to the Los Angeles and Southern California market through a new distribution partnership with Santa Monica Distributors Corp [1][3] - The partnership aims to distribute WTER's flagship products, Alkaline88 one-gallon and 1.5-liter bottles, across various retail outlets in Southern California [2][4] - The distribution agreement is part of WTER's strategy to expand its market presence and enhance accessibility to its premium alkaline water products [4][5] Company Overview - The Alkaline Water Company Inc. is a leader in the premium beverage industry, focusing on superior hydration solutions with its flagship Alkaline88 brand [5][6] - Alkaline88 is known for its clean ingredient profile, created through a proprietary electrolysis process that infuses purified water with Himalayan rock salt, trace minerals, and electrolytes, achieving a balanced pH of 8.8 [4][5] - The company is led by co-founder Ricky Wright as CEO, implementing strategies for operational improvements, market expansion, and sustainable profitable growth [5][6] Distribution Partner - Santa Monica Distributors Corp is recognized as a top wholesale distribution company in the Los Angeles area, servicing a wide range of businesses [3][6] - SMDC's extensive distribution network and reputation for quality products make it an ideal partner for WTER's expansion strategy in Southern California [3][4]
Construction now underway on 765 MW of new battery energy storage systems across Georgia
Prnewswire· 2025-05-07 18:07
Core Viewpoint - Georgia Power is advancing the construction of new battery energy storage systems (BESS) across multiple counties in Georgia to enhance the reliability and resiliency of the electric grid as the state grows [1][4]. Group 1: Project Details - Construction is underway for 765 megawatts (MW) of new BESS projects in Bibb, Lowndes, Floyd, and Cherokee counties, authorized by the Georgia Public Service Commission [1]. - The Hammond Battery Facility, a 57.5 MW BESS, will store excess energy for use during peak demand periods and is expected to be operational by November 2026 [2][6]. - The McGrau Ford Battery Facility in Cherokee County will consist of two phases totaling 530 MW, with projected operation dates in October 2026 and September 2026 [3][6]. Group 2: Benefits and Strategic Importance - BESS projects support the reliability and resilience of the electric system while enhancing the value of renewable energy resources like solar [4]. - The Robins BESS (128 MW) and Moody BESS (49.5 MW) projects are strategically co-located with existing solar facilities, allowing for efficient use of infrastructure and expedited deployment [5][6]. - The integration of BESS is crucial for accommodating the variability of renewable energy sources and meeting capacity needs [5]. Group 3: Future Developments - Georgia Power plans to procure an additional 1,000 MW of BESS through competitive bidding processes in the coming years [7]. - A 13 MW demonstration project is in development at Fort Stewart Army Installation, showcasing the company's commitment to expanding battery storage capabilities [7]. - The 2025 Integrated Resource Plan includes enhancements to customer-sited generation resources, aiming to secure an initial 50 MW of capacity through a new Customer-Sited Solar Plus Storage Pilot [8].
Southern Cross Gold Closes First Tranche of Private Placement
Newsfile· 2025-05-07 05:18
Company Overview - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) has successfully closed the first tranche of its private placement, raising C$88,799,220 through the issuance of 19,733,160 common shares and Chess Depositary Interests (CDIs) at a price of C$4.50 (A$5.10) per share [1][2][4] Placement Details - The first tranche of the placement involved the issuance of 16,171,050 CDIs and 3,562,110 common shares, with gross proceeds of A$82,472,355 and C$16,029,495 respectively [5][8] - A second tranche is anticipated to close around May 14, 2025, aiming for additional gross proceeds of approximately C$54,308,502 [4] Use of Proceeds - The net proceeds from the placement are earmarked for key milestones in the development of the Sunday Creek Gold-Antimony Project, including: - C$53 million for drilling to establish an Inferred Resource by Q1 2027 - C$27 million for decline development to enhance access to mineralization - C$4 million for a Preliminary Economic Assessment - C$59 million for exploration target expansion and working capital over three years [9] Project Significance - The Sunday Creek project, located 60 km north of Melbourne, Australia, is recognized as a significant gold and antimony discovery, with a mineralization structure extending over 12 km [13][14] - The dual-metal profile of the project, with antimony contributing 20% of the in-situ value, positions it strategically in light of China's export restrictions on antimony, a critical metal for defense and semiconductor applications [14] Insider Participation - Mr. Darren Morcombe, an insider of the company, subscribed for 980,392 CDIs under the first tranche, increasing his total holdings to 28,991,112 common shares, representing approximately 11.91% of the outstanding shares [11][12]
Las Vegas Sands Continues Funding for Dress for Success Southern Nevada's Workforce Development Programs
Prnewswire· 2025-05-06 17:48
Core Viewpoint - Las Vegas Sands has made a $100,000 contribution to Dress for Success Southern Nevada to support programs aimed at empowering unemployed and underemployed women through job readiness and skills development resources [1][2]. Group 1: Contribution and Impact - The 2025 Sands Cares donation continues to support capacity-building initiatives for DFS Southern Nevada, enhancing services such as personalized suiting, job readiness, career coaching, and financial literacy programs [2][5]. - Sands was honored with the Community Impact Award by DFS Southern Nevada for its ongoing support, highlighting the positive impact on the community [3][4]. - Since its inception in 2009, DFS Southern Nevada has assisted over 13,000 women, with more than 50% of clients living below the poverty line [4][15]. Group 2: Program Details - The funding supports job readiness initiatives, including digital skills education, software for job applications, facility upgrades for client privacy, and resources for mentorship and training [5][6]. - The Sands Cares investment also backs the Styling for Success program, providing clients with professional attire to boost confidence during job searches [6][7]. - Financial and digital literacy programs are included, covering budgeting, saving, investing, and providing laptops to clients upon course completion [7][8]. Group 3: Strategic Alignment - The partnership aligns with Sands' focus on workforce development, aiming to empower women and enhance job skills within the local labor pool [8][9]. - The organization has a proven track record of transforming lives, benefiting not only the women served but also their families [8].
Southern Company's Valuations Not Enticing Now, And Stock Approaching Key Resistance Level
Seeking Alpha· 2025-05-06 13:11
Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I am a value focused investor, conducting fundamental research on sectors like but not limited to che ...
Southern Company Q1 Earnings Beat as Power Demand Grows
ZACKS· 2025-05-06 12:30
Earnings Performance - Southern Company reported first-quarter 2025 earnings per share (EPS) of $1.23, exceeding the Zacks Consensus Estimate of $1.20 and the adjusted profit of $1.03 from the previous year [1] - The utility's revenues reached $7.8 billion, a 17% increase compared to first-quarter 2024 sales, and surpassed the Zacks Consensus Estimate of $7 billion [2] Sales and Demand - Southern Company's wholesale power sales increased by 6.8%, with overall electricity sales rising by 4.2% year-over-year [3] - Total retail sales grew by 3.4%, with residential, commercial, and industrial sales increasing by 6.4%, 3.3%, and 0.5%, respectively [3] Expense Overview - Operations and maintenance (O&M) costs rose by 10% year-over-year to $1.6 billion, while total operating expenses increased by 16.6% to $5.8 billion, exceeding estimates [4] Future Guidance - Southern Company guided EPS for the year between $4.20 and $4.30, with a projection of 85 cents for the June quarter [2] - The management maintained a long-term EPS growth rate projection of 5-7% based on the 2024 adjusted EPS projection [2]