fix continues to be naive. Melissa. >> All right.Thank you, Pippa Stevens. Let's get more with Oppenheimer senior Research analyst Colin Rusch. Colin, great to have you with us.I first want to focus on the residential solar sector, which had already been under pressure because of consumer confidence, because of financing costs, so many other reasons. And now this. And I'm just wondering what what happens in this sector.It's been rerated obviously. Is it enough what happens to these stocks. >> Honestly this ...

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 ...

Financial Data and Key Metrics Changes - The company reported first quarter earnings of $0.83 per share, an increase from $0.62 per share in the same quarter of the previous year, reflecting strong performance despite adverse temperature impacts on sales [19][20] - The earnings for the first quarter represented more than 25% of the company's earnings guidance midpoint for 2025, reaffirming the guidance range of $3.15 to $3.25 per share [6][21] - The capital expenditure plan for 2025 through 2028 has been updated to reflect a nearly 26% increase from 18 months ago, translating into a forecasted investment CAGR of nearly 11% [11][24] Business Line Data and Key Metrics Changes - The company has secured energy supply agreements (ESAs) totaling 2.1 gigawatts of demand from three major data center developments, representing a greater than 30% increase in peak demand [10][12] - Retail electric sales margins improved compared to the first quarter of the previous year, driven by customer growth and increased usage per meter across all customer classes [20] Market Data and Key Metrics Changes - The company is actively participating in the MISO capacity auction, selling excess capacity to benefit customer bills, positioning itself favorably compared to competitors [80] - The company is experiencing strong interest in economic development opportunities in its service areas, particularly in Iowa and Wisconsin [11][15] Company Strategy and Development Direction - The company is focused on supporting economic development and growth in its states, with a commitment to customer needs and sustainable investor returns [6][8] - The capital plan includes investments in new natural gas resources to complement renewable energy sources, ensuring a balanced energy resource mix [12][17] - The company is taking a proactive approach to manage risks related to potential changes in tax legislation, emphasizing the importance of tax credits for economic growth [16][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2025 earnings objectives while advancing key strategic priorities, despite challenges in the macroeconomic environment [6][11] - The company is committed to maintaining a strong balance sheet and investment-grade credit ratings while navigating potential legislative changes [24][25] Other Important Information - The updated financing plan anticipates raising approximately $1.4 billion in new common equity through 2028, with flexibility in timing based on market conditions [74][76] - The company has completed nearly all planned safe harbor activities to preserve tax credits for future projects, significantly mitigating tariff exposure [22][25] Q&A Session Summary Question: Timeline for converting mature opportunities to contracts - Management indicated a high level of confidence in converting mature opportunities into contracts, with ongoing discussions and negotiations [35][36] Question: Impact of tax policy changes on rate case provisions - Management clarified that while there is a provision to revisit rate cases if significant legislative changes occur, the focus is on avoiding the need to do so through proactive growth strategies [40][42] Question: Long-term EPS CAGR outlook - Management reaffirmed a long-term EPS CAGR of 5% to 7%, with current plans indicating potential for growth towards the upper end of that range starting in 2027 [48][50] Question: Details on the CapEx increase - The increase in the capital expenditure plan was primarily driven by investments in natural gas generation to meet growing demand from data centers [76][77] Question: MISO capacity auction impact on consumer bills - Management noted that the company is well-positioned to leverage auction results to benefit customer bills, contrasting with competitors who may face challenges [80] Question: Regulatory filings for additional generation resources - Management provided insights into upcoming regulatory filings for new generation resources, emphasizing flexibility in their resource planning [67][69]

Alliant Energy (LNT) Q1 2025 Earnings Call May 09, 2025 10:00 AM ET Company Participants Susan Gille - Manager of Investor RelationsLisa Barton - Director, President & CEORobert Durian - EVP and CFOJames Kennedy - Vice PresidentNicholas Campanella - DirectorPaul Fremont - Managing DirectorAndrew Weisel - DirectorPaul Zimbardo - Managing Director Conference Call Participants Rinny Singh - Equity Research Analyst Operator Thank you for holding, and welcome to Alliant Energy Energy's First Quarter twenty twent ...

Financial Data and Key Metrics Changes - The company reported first quarter earnings of $0.83 per share, an increase from $0.62 per share in the same quarter of the previous year, reflecting a strong start to 2025 [17] - Earnings for the quarter accounted for more than 25% of the company's earnings guidance midpoint for 2025, reaffirming the guidance range of $3.15 to $3.25 per share [5][19] - The increase in earnings was driven by higher revenue requirements from capital investments, despite negative temperature impacts on electric and gas sales [17][18] Business Line Data and Key Metrics Changes - The company has secured energy supply agreements (ESAs) totaling 2.1 gigawatts of demand from three major data center developments, representing a greater than 30% increase in peak demand [8][9] - The capital expenditure (CapEx) plan has been updated to reflect a nearly 26% increase from 18 months ago, translating to a forecasted investment compound annual growth rate (CAGR) of nearly 11% from 2024 to 2028 [9][10] Market Data and Key Metrics Changes - The company is experiencing strong interest in economic development within its service areas in Iowa and Wisconsin, with ongoing efforts to support growth through new energy supply agreements [9][12] - The company has successfully sold existing capacity into the recent MISO capacity auction, which is expected to benefit customer bills [20][76] Company Strategy and Development Direction - The company is focused on an "all of the above" approach to new generation resources, including a mix of wind, batteries, and natural gas, to maintain a balanced energy resource mix [15] - The updated capital plan includes significant investments in natural gas generation to meet the growing demand from data centers, with a focus on enhancing reliability and affordability [10][72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2025 earnings objectives while advancing key strategic priorities, emphasizing the importance of supporting economic development [5][6] - The company is proactively managing risks related to potential changes in tax credits and tariffs, with a focus on maintaining a strong balance sheet and investment-grade credit ratings [24][52] Other Important Information - The company has completed nearly all planned safe harbor activities to preserve tax credits for future energy storage and renewable projects expected to be placed into service through 2028 [20] - The company is committed to ensuring that all individual customer rates achieve a win-win for existing customers, new customers, and shareholders [11] Q&A Session Summary Question: Timeline for converting mature opportunities to contracts and breakdown of serving those opportunities - Management indicated that they have high confidence in converting mature opportunities into contracts and are using existing resources to accelerate load growth [34][35] Question: Impact of safe harboring on the ability to go back for a rate case in Iowa - Management clarified that they are focused on activities to avoid the need to go back for a rate case and are advocating for beneficial legislative provisions [38][39] Question: Long-term EPS CAGR outlook - Management reaffirmed a long-term EPS CAGR of 5% to 7%, with current plans indicating potential for growth towards the top end of that range starting in 2027 [45][46] Question: Details on the CapEx increase - The increase in CapEx was primarily associated with natural gas generation to meet the peak demand from data center opportunities [72] Question: Impact of MISO capacity auction on consumer bills - Management stated that they are well positioned to utilize proceeds from the auction to help customer bills, contrasting with other entities that may face challenges [76] Question: Regulatory initiatives and filings in Iowa and Wisconsin - Management discussed ongoing regulatory filings for new generation resources and the potential for maintaining flat base rates through growth and cost reduction [60][61]

Financial Data and Key Metrics Changes - Revenues decreased to $42.9 million from $72.6 million year-over-year, primarily due to delayed biodiesel contracts in India [4] - Operating loss was $15.6 million, reflecting a $1.6 million increase in SG&A expenses, mainly from legal and transaction costs related to the sale of investment tax credits [5] - Net loss remained flat at $24.5 million compared to Q1 last year [5] - Cash at the end of the quarter was $500,000 after $15.4 million of debt repayment and $1.8 million invested in carbon intensity reduction and dairy RNG expansion [6] Business Line Data and Key Metrics Changes - The Quays ethanol plant experienced a revenue increase of $1.7 million due to stronger ethanol pricing [5] - RNG volumes increased by 17% year-over-year [5] - The dairy RNG business is scaling gas production, expecting to reach 550,000 MMBtu capacity this year and grow to 1,000,000 MMBtu annually by the end of 2026 [8] Market Data and Key Metrics Changes - The California Low Carbon Fuel Standard (LCFS) amendments are expected to tighten credit supply and increase credit prices significantly [12] - Aemetis anticipates generating over $60 million annually from LCFS credits once provisional pathways are approved [12] Company Strategy and Development Direction - Aemetis is preparing for an IPO of its India subsidiary targeting late 2025 or early 2026, while evaluating expansion into RNG and ethanol production in India [10] - The company is focused on sustainable aviation fuel and carbon capture projects, with significant regulatory support expected [11] - Aemetis plans to monetize tax credits and advance development projects, positioning for growth and improved cash flow in the second half of 2025 and into 2026 [16] Management's Comments on Operating Environment and Future Outlook - Management expects multiple revenue streams from India, LCFS credits, and federal tax incentives to ramp up as the year progresses, leading to a stronger second half of 2025 [6] - The company is optimistic about the impact of E15 ethanol blend expansion and the potential for increased domestic demand for ethanol [15] - Management highlighted the importance of the 45Z production tax credit starting January 2025, which is expected to significantly enhance revenue and debt repayment capabilities [22] Other Important Information - Aemetis received $19 million in cash from the sale of investment tax credits in Q1 2025, with expectations for additional sales throughout the year [14] - The company is actively working on financing structures for its sustainable aviation fuel project and awaiting clarity on tax credits to support project financing [10] Q&A Session Summary Question: Impact of tariffs on RNG production for 2025 and 2026 - Management indicated that the RNG value chain is primarily domestic, with no anticipated direct impact from tariffs [18] Question: Improvement in the balance sheet and debt outlook for 2025 - Management expects to continue paying down debt, with significant increases in LCFS revenues anticipated from approved dairy pathways [21] Question: Long-term target for dairy RNG OpEx - Management expects a dramatic decrease in OpEx per MMBtu as production increases, with seasonality also affecting costs [27] Question: California ethanol segment's EBITDA outlook - Management is optimistic about the potential for an EBITDA positive quarter, driven by E15 approval and improving ethanol margins [29] Question: Opportunities for RNG and ethanol in India - Management elaborated on the strong market position in India, with plans for diversification into RNG and ethanol production [36] Question: Potential hiccups due to geopolitical issues in India - Management stated that current geopolitical tensions have had no impact on operations or supply chains [41] Question: Opportunities for cheaper debt from EB-5 financing - Management confirmed approval for $200 million in EB-5 financing, which is expected to be a cost-effective funding source [45] Question: Progress on 45Z tax credits and timing - Management provided updates on the expected timeline for final rules from Treasury regarding 45Z tax credits [51] Question: Ethanol and corn crush margins outlook - Management expressed a positive outlook for ethanol margins, especially with the potential adoption of E15 across more states [60]

Ameresco, Inc. (NYSE:AMRC) Q4 2024 Earnings Call February 27, 2025 4:30 PM ET Company Participants Leila Dillon - Senior Vice President, Marketing and Communications George Sakellaris - Chairman and Chief Executive Officer Mark Chiplock - Chief Financial Officer Nicole Bulgarino - President, Federal and Utility Infrastructure Mike Bakas - President, Renewable Fuels Conference Call Participants Stephen Gengaro - Stifel Noah Kaye - Oppenheimer Craig Irwin - ROTH Capital Eric Stine - Craig-Hallum William Gripp ...