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Sierra Auction and GovDeals Expand to Southern California with New Montclair Location
Globenewswire· 2025-10-28 13:00
Core Insights - Sierra Auction has expanded its operations by opening a new location in Montclair, California, marking its first expansion outside Arizona [1][3] - The new facility will serve as the GovDeals Lot, enhancing Sierra Auction's presence in the Southwest [1][3] - This expansion increases Sierra Auction's total locations to three, alongside existing facilities in Phoenix and Tucson [3] Company Overview - Sierra Auction specializes in the sale of vehicles, equipment, and surplus assets for government agencies, commercial businesses, and charity organizations [2][8] - The company operates as a trusted marketplace within GovDeals, which is a subsidiary of Liquidity Services [2][8] Services Offered - The new location allows government and commercial fleet owners in California to sell retired fleet assets with zero commission and zero fees [4] - Auctions are accessible online, providing the general public with opportunities to bid on a variety of items, including vehicles and heavy equipment [5][7] Market Demand - Sierra Auction has experienced a significant increase in demand across various categories, including heavy equipment and passenger vehicles [6] - The company continues to see strong momentum as part of the GovDeals marketplace, reflecting its growth over the past year [6] About GovDeals - GovDeals is recognized as the world's leading marketplace for surplus government and educational assets, facilitating over $15 billion in sales to date [9] - The platform offers a transparent surplus disposition technology, allowing sellers to manage their listings with more control and lower fees compared to traditional auction solutions [9]
Southern Energy Announces Result Of Annual Meeting And Board Changes
Accessnewswire· 2025-10-28 06:02
Core Points - Southern Energy Corp. announced the re-election of four members to its Board of Directors during the Annual Meeting of shareholders [1] Group 1 - Shareholders approved the re-election of Bruce Beynon to the Board [1] - Shareholders approved the re-election of Ian Atkinson to the Board [1] - Shareholders approved the re-election of R. Steven Smith to the Board [1] - Shareholders approved the re-election of John Joseph Nally to the Board [1]
Southern Company (NYSE:SO) Price Target and Financial Performance Insights
Financial Modeling Prep· 2025-10-28 04:11
Core Viewpoint - Southern Company is a leading energy provider in the U.S., focusing on electricity generation, transmission, and distribution, with a competitive stance against major utilities like Duke Energy and NextEra Energy [1] Financial Performance - Southern Company is projected to report quarterly earnings of $1.50 per share for the quarter ending September 2025, reflecting a 4.9% increase year-over-year [3] - The company's revenues are expected to reach $7.57 billion, marking a 4.1% rise from the same quarter last year [3] - The consensus earnings per share (EPS) estimate has been revised upward by 9.3% over the past month, indicating positive analyst sentiment regarding the company's future prospects [4] Stock Performance - Currently, Southern Company's stock price is $95.40, showing a decrease of 0.50% or $0.48 [5] - The stock has traded between $94.78 and $95.70 today, with a one-year high of $100.84 and a low of $80.46 [5] - The market capitalization of Southern Company is approximately $104.94 billion, with a trading volume of 4,019,275 shares on the NYSE [5] Analyst Insights - Wells Fargo has set a price target of $97 for Southern Company, suggesting a potential increase of 1.68% from the current stock price [2][6]
Southern Company Q3 Earnings Preview: Another Beat in Store?
ZACKS· 2025-10-24 13:25
Core Viewpoint - Southern Company is expected to report third-quarter earnings of $1.50 per share on revenues of $7.6 billion, reflecting a year-over-year improvement in earnings and revenue despite potential cost pressures [1][8]. Group 1: Previous Quarter Performance - In the last reported quarter, Southern Company achieved adjusted earnings per share of 91 cents, exceeding the Zacks Consensus Estimate by 4 cents, with sales of $7 billion surpassing the consensus by 6.2% [2]. - The company has topped the Zacks Consensus Estimate for earnings in three of the last four quarters, with an average earnings surprise of 3.2% [3]. Group 2: Third Quarter Estimates - The Zacks Consensus Estimate for the third-quarter earnings has been revised 2% downward in the past week, indicating a 4.9% improvement year over year, while revenue estimates suggest a 4.1% increase from the previous year [3]. - The estimated net income for Southern Company is projected at $1.5 billion, reflecting a 0.9% decrease from the year-ago quarter [5]. Group 3: Market and Economic Factors - Southern Company serves 9 million customers in the Southeast, benefiting from strong regional economic growth and significant capital investments, with $2 billion in new projects and 6,000 jobs announced in the second quarter of 2025 [4]. - Demand from industrial and data center sectors is expected to continue driving long-term load expansion, positively impacting earnings and cash flows [4]. Group 4: Cost Pressures - The company has flagged risks related to timing and costs associated with new capacity delivery, with upward pressure on generation costs and higher operating expenses noted in the previous quarter [5]. - The increasing cost trend is anticipated to persist in the third quarter, potentially affecting overall earnings negatively [5]. Group 5: Earnings Prediction Model - The Zacks model does not predict a definitive earnings beat for Southern Company in the third quarter, with an Earnings ESP of -0.22% and a Zacks Rank of 3 [6][7].
Ironwood Stair & Rail Inc. Recognised With 2025 Consumer Choice Award for Stairs and Railings in Southern Alberta
Accessnewswire· 2025-10-24 12:10
Core Insights - Ironwood Stair & Rail Inc. has been awarded the 2025 Consumer Choice Award in the Stairs and Railings category for Southern Alberta, emphasizing its strong reputation in the industry [1] Company Summary - The award recognizes Ironwood's exceptional design, quality, and service in the custom-built stairs and railings market [1] - The company is noted for its craftsmanship and passion, which contribute to its success in transforming homes and businesses [1]
Union Pacific reports Q3 earnings beat as Northern Southern merger progresses
Proactiveinvestors NA· 2025-10-23 14:24
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Centuri Holdings, Inc. (CTRI): A Bull Case Theory
Yahoo Finance· 2025-10-23 00:05
Core Thesis - Centuri Holdings, Inc. is positioned to capitalize on growing power demand in North America following its spin-off from Southwest Gas Holdings, with a current share price of $20.19 and a forward P/E of 20.49 [1][2] Company Overview - Centuri Holdings is an infrastructure services company that provides maintenance, upgrades, and buildouts for electric and gas utilities, servicing over 400 customers, including major utilities like American Electric Power and Entergy [2][3] - The company operates under long-term master service agreements (MSAs) that account for 80% of its revenue, supplemented by bid contracts, which provides substantial flexibility and reduces exposure to cost overruns [3][4] Market Position and Growth Drivers - Centuri operates through four segments: US Gas, Canadian Gas, Union Electric, and Non-Union Electric, with US Gas being the largest revenue contributor and Canadian Gas delivering the highest margins [3] - Growth is expected to be driven by grid modernization, electrification, renewable energy, and the expansion of data centers, with U.S. capacity projected to rise from 56GW in 2024 to 122GW by 2030 [3] - Reindustrialization under new trade agreements is projected to increase power demand by 2.5–3% annually through 2035, expanding Centuri's addressable market [3] Financial Metrics and Opportunities - As of Q2 2025, Centuri had a backlog of $5.3 billion, supported by strong new order flow and a book-to-bill ratio of 2.3x, indicating high-margin opportunities ahead [4] - The company has $14 billion in pipeline opportunities and $200 billion identified across 20 customers over five years, positioning it to optimize margins, particularly in US Gas [4] - Centuri's resilient MSA structure, diversified customer base, and favorable market trends make it a compelling investment with multiple catalysts for long-term upside [4]
Xcel Energy (NASDAQ:XEL) Sees Price Target Increase by Morgan Stanley
Financial Modeling Prep· 2025-10-22 23:00
Core Viewpoint - Xcel Energy is positioned as a strong utility company with potential for earnings surprises, supported by recent analyst upgrades and market interest [2][3][6] Company Overview - Xcel Energy (NASDAQ:XEL) provides electricity and natural gas services across multiple states in the U.S., competing with major players like Duke Energy and Southern Company [1] Stock Performance - Morgan Stanley raised its price target for Xcel Energy to $86 from $80, indicating a potential increase of 6.32% from the current stock price of $80.97, which has seen a slight increase of 0.41% [2][6] - The stock has traded between $80.59 and $81.35 on the current day, with a market capitalization of approximately $47.89 billion [4] Earnings Outlook - Zacks Investment Research highlights Xcel Energy for its potential to exceed earnings expectations, suggesting that it could surprise investors in upcoming earnings reports [3][6] - Analysts adjusting earnings estimates may signal potential surprises, making Xcel Energy a stock to watch closely in the utility sector [5]
ZenaTech to Expand Drone as a Service (DaaS) for Public Works and Wildfire Management by Signing Offer to Acquire Southern California-Based Land Survey and Engineering Firm
Globenewswire· 2025-10-21 11:30
Core Insights - ZenaTech, Inc. has signed an offer to acquire a Southern California land survey engineering firm, enhancing its Drone as a Service (DaaS) presence in the region [1][2] - The acquisition aims to modernize surveying, inspection, and monitoring applications for government and commercial customers using drones, capitalizing on the growing public works and infrastructure market [2][3] Company Overview - ZenaTech specializes in AI drones, DaaS, Enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical business applications [4] - The company has completed 11 acquisitions with a goal of establishing 25 DaaS locations by mid-2026, providing flexible on-demand access to drone services [3][4] Market Opportunity - Southern California is identified as a dynamic region for public works and infrastructure, presenting significant opportunities for advanced surveying and rapid data delivery [2] - The acquisition will allow ZenaTech to integrate drone-based aerial data and analytics into existing government projects, addressing critical needs such as wildfire surveillance and environmental recovery [2][3] Technology and Services - ZenaTech's DaaS model eliminates capital costs for customers, allowing them to benefit from drone innovation without the need for pilots or maintenance [3] - The company’s subsidiary, ZenaDrone, develops autonomous drone solutions for various applications, including agriculture, defense, and logistics [5]
Georgia Power begins construction of newest battery storage system near Macon
Prnewswire· 2025-10-20 14:00
Core Insights - Georgia Power has commenced construction on a 200 MW battery energy storage system (BESS) in Twiggs County, aimed at enhancing reliability and meeting energy demands for the winter of 2027-2028 [1][3] - The project is part of the 2023 Integrated Resource Plan (IRP) Update and has been approved by the Georgia Public Service Commission [1][2] - The BESS will improve the efficiency of renewable energy by storing excess energy for use during peak demand periods [2][3] Project Details - The 200 MW BESS is designed to dispatch stored energy over a four-hour period, supporting the reliability and resilience of the electric system [2] - Construction is projected to be completed in 2027, with the project being built by Crowder Industrial Construction, LLC [3] - In addition to the Twiggs BESS, four other BESS facilities totaling 765 MW are under construction across Georgia, with completion expected in 2026 [4] Future Plans - Georgia Power is seeking approval for 10 new BESS facilities with a total capacity of 3,022.5 MW and two solar systems paired with BESS totaling 350 MW [5] - The company is also soliciting bids for an additional 500 MW of Energy Storage Systems (ESS) with a minimum two-hour discharge duration, targeting completion by 2031 [5]