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Chevron Acquires Lithium-Rich Acreage in Strategic Expansion
ZACKS· 2025-06-18 13:06
Key Takeaways CVX acquires 125,000 net acres in Smackover to launch its first domestic lithium operation. The deal includes assets from TerraVolta Resources and East Texas Natural Resources. CVX aims to use direct lithium extraction for faster, cleaner lithium production.Chevron Corporation’s (CVX) subsidiary, Chevron U.S.A. Inc., has significantly advanced its clean energy roadmap through the acquisition of approximately 125,000 net acres of leasehold positions across the Smackover Formation in Northeast ...
Solar stocks sink as Senate tax bill proposes cuts to renewable energy incentives
CNBC Television· 2025-06-17 14:47
insurance plan, visit pumpkin Dot care. >> Let's give you more on the Solar Sox. Of course, we discussed the fact that they are down sharply this morning that in reaction to the Senate version of President Trump's big, beautiful bill and the spending cuts that go along with it, let's get over to Pippa Stevens, who has more for us.Pippa. >> Hey, David. Well, clean energy stocks are getting crushed as the Senate's version of the tax bill would also eliminate or scale back many of the key credits that have bee ...
AgriFORCE (NASDAQ: AGRI) Ignites Energy-Led Digital Infrastructure Strategy with Launch of First Commissioned Site in Berwyn, Alberta and Execution of Strategic LOI for Alberta Expansion
Globenewswire· 2025-06-17 12:30
Core Insights - AgriFORCE Growing Systems Ltd. has announced significant advancements in its Power & Compute strategy, focusing on Bitcoin treasury accumulation, modular compute infrastructure, and energy-first monetization [1][5] Group 1: Operational Milestones - The Berwyn site is the first operational deployment under the Power & Compute Initiative, currently running with a capacity of over 425 kW, with plans to expand to over 625 kW [2][6] - A binding Letter of Intent (LOI) has been signed with BlueFlare Energy™ to develop an additional 1.3 MW of power and compute capacity at two new sites in Alberta [4][6] Group 2: Strategic Vision - The company aims to convert stranded gas into ESG-compliant digital compute rapidly, with a target of reaching 1 EH/s compute capacity by Q1 2026 [3][5][12] - The operational model includes a blended approach where up to 50% of capital raises are allocated to direct Bitcoin purchases, and up to 50% of mined Bitcoin is retained in the corporate treasury [9] Group 3: Infrastructure and Technology - The infrastructure includes high-efficiency mining pods and a proprietary operating system for telemetry and predictive maintenance, ensuring ESG compliance [7][10] - The company has exclusive access to over 50 MW of natural gas, with plans to expand to over 100 MW by 2026, utilizing mobile, off-grid systems to bypass utility delays [12]
Foremost Clean Energy Fortifies Its Treasury with over $4.5 Million in Warrant and Option Exercises and Extends Successful National Marketing Campaign
Globenewswire· 2025-06-16 13:00
VANCOUVER, British Columbia, June 16, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) is pleased today to announce a significant strengthening of its financial position and the continuation of its strategic national marketing initiative. As a result of recent exercises of warrants and options by warrant holders and insiders, the treasury has been bolstered by over $4.5 million. This substantial increase in capital provides a solid foundation for Fo ...
Amazon joins the big nuclear party, buying 1.92 GW for AWS
TechCrunch· 2025-06-13 17:16
Core Insights - Amazon is leveraging an emerging trend where major tech firms are purchasing power directly from existing nuclear power plants, specifically acquiring 1.92 gigawatts of electricity from Talen Energy's Susquehanna nuclear power plant in Pennsylvania [1][4] - This agreement modifies a previous arrangement that was halted by regulators due to concerns over unfair cost burdens on customers [2][3] - The revised power purchase agreement will now be billed like other grid-connected customers, with the deal extending through 2042 [4] Group 1: Amazon's Power Purchase Agreement - The new deal allows Amazon to power its AWS cloud and AI servers using electricity from the Susquehanna plant [1] - The previous arrangement involved building a data center next to the plant, which was rejected by regulators [2][3] - The current agreement will include transmission fees that support grid maintenance and development [3][4] Group 2: Industry Trends and Collaborations - Microsoft initiated this trend last year with a $1.6 billion project to restart a reactor at Three Mile Island, generating 835 megawatts [7] - Meta also joined the trend by purchasing clean energy attributes from a 1.1 gigawatt nuclear power plant in Illinois [7] - Amazon and Talen plan to explore building small modular reactors (SMRs) and expanding existing nuclear power generation [4][8] Group 3: Future Developments - The expansion of existing power plants is seen as a more feasible method to increase nuclear energy output [5] - Amazon has invested in an SMR startup, X-energy, which aims to add 300 megawatts of nuclear capacity in the Pacific Northwest and Virginia [8] - The goal of these initiatives is to add new energy to the PJM grid, addressing potential regulatory concerns [9]
WEC Energy Rides on Strategic Investments & Focus on Clean Energy
ZACKS· 2025-06-12 13:20
Core Insights - WEC Energy Group's strategic investments enhance infrastructure and cater to rising customer demand, with a strong emphasis on clean energy driving performance [1] - The company faces competitive risks in the electric and natural gas markets, impacting its ability to retain customers [5] Factors Acting in Favor of WEC - WEC Energy is experiencing increased demand from both commercial and industrial (C&I) customers, which constitutes over 60% of its electricity sales, positively influencing performance [2] - The company anticipates a 4.5-5% increase in weather-normalized electric sales and a 0.7-1% growth in gas sales in Wisconsin from 2027 to 2029 [3] Investment Plans - WEC Energy plans to invest $28 billion from 2025 to 2029, with $9.1 billion allocated to regulated renewable projects, aiming to enhance its renewable portfolio [4][7] - The company intends to develop nearly 4.4 gigawatts (GW) of renewable energy, including 2.9 GW of solar, 565 megawatts (MW) of battery storage, and 900 MW of wind generation [4] Challenges Faced by WEC - Increased competition from retail choice and alternative electric suppliers poses a challenge to WEC Energy's customer retention [5] - The company's operations are subject to extensive governmental regulations, which may impact cost recovery from utility customers [5] Stock Performance - Over the past six months, WEC Energy's stock has increased by 10.1%, outperforming the industry average growth of 5.4% [6]
uSmart Securities Updates Coverage of SAIHEAT Limited
Globenewswire· 2025-06-12 12:00
Reiterates BUY Rating and Raises Price Target to $31.32 Following SMR Breakthrough and Favorable Policy DevelopmentsSINGAPORE, June 12, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), today announces that uSmart Securities has updated its coverage of the Company, reaffirming its BUY rating on SAIHEAT and raising the 12-month price target to $31.32, up from $25.87. This revision reflects significant advancements in the Company’s nuclear technology, supportive U.S. ...
Tap into these big trends to grow your portfolio
Yahoo Finance· 2025-06-11 22:24
Thematic Investing - Tematica Research 的首席投资官 Chris Versace 加入 Yahoo Finance 的 "Stocks in Translation" 节目,讨论主题投资,即投资于受益于人工智能或清洁能源等长期结构性趋势的公司 [1] - Chris Versace 强调使用每日新闻信号来验证或重新评估主题风险敞口的重要性 [1] - Chris Versace 关注关税驱动的价格上涨可能导致的未来通货膨胀 [1] Podcast Overview - "Stocks In Translation" 旨在剖析市场混乱、嘈杂的数字和夸张言论,为投资者提供做出正确交易决策所需的信息 [1] - 该节目每周播出两次,可在 Apple Podcasts、Spotify 和其他平台收听 [1] - 可以在 Yahoo Finance 网站或流媒体服务上找到更多剧集 [1] Yahoo Finance - Yahoo Finance 提供免费的股票代码数据、最新新闻、投资组合管理资源、全面的市场数据和高级工具,以帮助用户管理财务生活 [1] - 用户可以在 finance.yahoo.com 获取最新新闻和数据,并在 Apple 或 Android 上下载 Yahoo Finance 应用程序 [1] - Yahoo Finance 在多个社交媒体平台(包括 X、Instagram、TikTok、Facebook 和 LinkedIn)上提供内容 [1]
CEG Stock Rises 30.1% YTD: What's the Best Investment Strategy?
ZACKS· 2025-06-11 14:46
Core Viewpoint - Constellation Energy Corporation (CEG) has experienced a 30.1% increase in share price year-to-date, outperforming the Zacks Alternate Energy – Other industry's growth of 17.2%, driven by strong nuclear operations and the growing demand for clean energy [1][9]. Group 1: Company Performance - CEG's primary power production is derived from its nuclear fleet, which is well-positioned regarding nuclear fuel supply, supported by long-term uranium contracts extending into the 2030s [4]. - The company accounts for approximately 10% of the nation's total clean energy production and has a nuclear fleet capacity factor of 94.1% in Q1 2025, up from 93.3% in the previous year [5][9]. - CEG's capital expenditures are projected to be nearly $3 billion and $3.5 billion for 2025 and 2026, respectively, with about 35% allocated for nuclear fuel acquisition [6]. Group 2: Strategic Developments - CEG has entered into a 20-year nuclear power purchase agreement with Meta, set to begin in 2027, which supports the relicensing of its Clinton nuclear facility [10]. - The Public Utility Commission of Texas approved CEG's acquisition of Calpine Corporation, enhancing its clean energy capabilities by merging Calpine's low-emission assets with CEG's nuclear fleet [11]. Group 3: Financial Metrics - The Zacks Consensus Estimate for CEG's earnings per share (EPS) indicates a growth of 0.43% for 2025 and 3.5% for 2026 [12]. - CEG has reported an average earnings surprise of 7.41% over the last four quarters, indicating consistent performance [14]. - The company's trailing 12-month return on equity stands at 21.93%, significantly higher than the industry average of 8.35% [19]. Group 4: Shareholder Returns - CEG has authorized a share repurchase program of up to $3 billion, with approximately $841 million remaining as of March 31, 2025 [17]. - The company aims to increase its quarterly dividend by 10% annually, subject to board approval [18].
NeoVolta Distributor Orders Top $3M in Single Quarter
Globenewswire· 2025-06-10 12:51
Core Insights - NeoVolta Inc. has achieved a record high in distributor purchase orders, exceeding $3 million in the current quarter, marking the highest quarterly total in the company's history [1][2] - The surge in orders indicates a significant milestone in NeoVolta's expansion strategy, reflecting growing demand for its energy storage systems across the U.S. through established installer networks [2][3] - The strength of the distributor channel highlights broader market traction, with sustained installer demand confirmed across diverse regions, particularly in markets like Puerto Rico where grid instability and rising electricity costs drive demand [3] Company Overview - NeoVolta is an innovator in energy storage solutions, focused on providing reliable and sustainable systems for residential and commercial applications [4] - The company aims to meet the increasing demand for efficient energy management, leveraging cutting-edge technology and strategic partnerships to enhance renewable energy storage and usage [4]