RIVERSIDE, Calif., Aug. 05, 2025 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) ("SolarMax" or the "Company"), an integrated solar energy company, today announced that its wholly owned subsidiary, SolarMax Renewable Energy Provider, Inc., has entered into an engineering, procurement and construction (EPC) agreement with Longfellow BESS I LLC for a new utility-scale battery storage project in Pecos County, Texas. The contract is expected to generate revenues of approximately $127.3 million. Sola ...

Core Viewpoint - New Jersey Resources reported a significant beat on non-GAAP earnings per share (EPS) for Q3 FY2025, but GAAP net income was negative and worse than the previous year, indicating mixed performance across its business segments [1][2]. Financial Performance - Non-GAAP EPS for Q3 FY2025 was $0.06, exceeding the consensus estimate of ($0.05) and improving from ($0.09) in Q3 FY2024, reflecting a year-over-year change of $0.15 [2]. - GAAP net income for Q3 FY2025 was ($15.1 million), a decline of 30.2% from ($11.6 million) in Q3 FY2024 [2]. - Revenue for Q3 FY2025 was $298.9 million, an increase of 8.4% from $275.6 million in Q3 FY2024, but below the estimate of $306.9 million [2]. Business Segment Developments - The utility segment's net financial earnings (non-GAAP) rose to $10.1 million in Q3 FY2025 from a loss of $6.1 million in Q3 FY2024, with a gross margin increase of 24.8% year-over-year [5]. - Clean Energy Ventures faced challenges, recording a net financial loss of $6.9 million (non-GAAP) for Q3 FY2025, unchanged from the prior year, despite adding 32.1 MW of capacity from five new solar projects [6]. - The Energy Services segment experienced a net financial loss of $3.7 million (non-GAAP) in Q3 FY2025, worsening from a loss of $2.2 million in Q3 FY2024, with total throughput declining to 18.6 billion cubic feet from 23.6 billion cubic feet [7]. - Storage and transportation operations improved, with net financial earnings (non-GAAP) increasing to $5.9 million in Q3 FY2025 from $4.1 million in Q3 FY2024 [8]. Strategic Focus and Future Outlook - The company aims to secure supportive regulatory decisions, expand its utility customer base, and invest in clean energy projects, with a focus on managing commodity price swings and infrastructure buildouts [4]. - Management raised the lower end of its FY2025 non-GAAP EPS guidance to $3.20 to $3.30, reflecting strong performance from Energy Services and gains from the sale of its residential solar portfolio [10]. - The utility segment is expected to contribute 64% to 67% of annual net financial earnings (non-GAAP) for FY2025, while Clean Energy Ventures is projected to account for about one-fifth [10].

Core Insights - VINCI has secured a significant contract for the construction of a second-generation biofuel plant in Spain, which is a strategic move towards energy transition in the region [2][6]. Group 1: Project Overview - The biofuel plant, located in Palos de la Frontera, Huelva province, has an estimated total cost of €1.2 billion [2]. - It will have an annual production capacity of 500,000 tonnes of sustainable fuels, including Sustainable Aviation Fuel (SAF) and renewable diesel (HVO100) [3]. Group 2: Environmental Impact - The plant's design incorporates advanced technologies aimed at minimizing environmental impact, utilizing exclusively recycled water [4]. - It is projected to reduce CO₂ emissions by 75% compared to traditional plants, preventing nearly 3 million tonnes of CO₂ emissions annually [4]. Group 3: Industry Positioning - This project is expected to strengthen Spain's position as a leader in clean energy and supports the decarbonization of transport in Europe [4]. - In 2024, the VINCI Group generated total revenue of €3.8 billion in Spain, with significant contributions from its subsidiaries [5].

Core Insights - PSE&G's energy efficiency programs are significantly benefiting New Jersey customers by saving money and energy, with nearly 465,000 participants saving over $720 million annually on utility bills [1][2][5] - The programs include home energy assessments, rebates for energy-efficient appliances, and support for businesses, leading to substantial energy savings and operational cost reductions [2][3][4] Customer Participation and Savings - Approximately 740 million dollars in rebates have been provided to customers, facilitating energy-saving upgrades [2] - More than 18,500 businesses have implemented around 28,000 projects to enhance operational efficiency and comfort [3] - The Small Business Direct Install program is projected to save over 19 million dollars annually for more than 1,500 small businesses [4] Energy and Environmental Impact - Residential and business customers are expected to save about 2.8 million megawatt-hours of electricity annually, enough to power over 406,000 homes [5] - Natural gas savings are anticipated to exceed 75 million therms per year, contributing to a reduction of approximately 2.1 million metric tons of carbon emissions annually [5] Workforce Development - The Clean Energy Jobs Program has placed over 4,100 individuals in clean energy roles, enhancing the skilled workforce in New Jersey [6] Program Recognition and Awards - PSE&G's energy efficiency programs have received 75 industry awards for excellence in program delivery, workforce development, and marketing [6] Affordability and Future Outlook - PSE&G emphasizes affordability as a priority, recognizing the challenges customers face in managing energy costs [7] - The company is prepared to collaborate with the state to address electricity supply challenges and expand reliable energy sources [9]

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Diggers & Dealers Mining Forum 4-6 August 2025 A CLEAR RESET FOR A BRIGHT FUTURE For personal use only Important information The information in this presentation is provided for general information regarding 29Metals Limited (the 'Company ') and its subsidiaries (together with the Company, '29Metals'). Material information in this presentation has been derived from information publicly released by the Company to the ASX announcements platform. Details regarding the source information released to the ASX ann ...

Uranium Market Outlook - Nuclear energy demand is increasing due to the need for clean and reliable baseload power[27] - There are 69 reactors under construction worldwide, which will add approximately 76 GW of power generation capacity[29, 30] - Global utilities have approximately 1 billion pounds of uncovered uranium requirements to 2035[34] Langer Heinrich Mine (LHM) - LHM produced 3 million pounds of U3O8 in FY2025 during the ramp-up phase[37] - The average plant overall recovery was 87% at the end of FY2025[37] - The cost of production in FY2025 was US$40.2 per pound of U3O8[37] - LHM has a 17-year mine life supported by 82.8 million pounds of uranium Ore Reserve[37] - 24.1 million pounds of U3O8 are contracted to 2030[53] - 87% of the LHM Ore Reserve is exposed to market-related prices or is uncontracted[53] Patterson Lake South (PLS) Project - PLS has a Probable Mineral Reserve of 93.7 million pounds of U3O8 at 1.41%[58] - A production target of approximately 9 million pounds of U3O8 per year is set over a 10-year mine life[58] - Paladin maintains a 100% controlling interest in the PLS Project throughout its commercial production[59]

Core Viewpoint - Constellation Energy operates as a competitive power producer, selling unregulated electricity directly to consumers and businesses, distinguishing itself from regulated utilities that have government-granted monopolies in their service areas [1][2]. Group 1: Business Model and Volatility - Constellation Energy's business model is characterized by volatility, contrasting with regulated utilities that experience slow and consistent growth due to government regulation [3]. - The company relies heavily on market rates for power, leading to potential fluctuations in revenue and earnings based on market conditions [5]. - Investments made by Constellation Energy carry greater risks without the safety net of government regulation [6]. Group 2: Nuclear Power Focus - Constellation Energy has a strong focus on nuclear power, which is carbon-free and provides consistent, high-level energy output, making it a reliable baseload power source [7][8]. - The company is capitalizing on the growing demand for clean energy, particularly in energy-intensive industries like data centers and AI, by securing significant nuclear power contracts with major tech companies [9]. Group 3: Valuation Concerns - Constellation Energy's current dividend yield is approximately 0.5%, significantly lower than the average utility stock yield of around 2.8%, raising concerns about its valuation [10]. - The price-to-earnings ratio exceeds 30x, which is considered high for a company in the electricity production sector [10]. - Historical trends indicate that the stock has experienced significant pullbacks, suggesting that potential investors should monitor valuation closely for better entry points [12][13].

Regulatory & Policy Changes - The Trump administration, through the EPA, is moving to revoke the endangerment finding, which forms the legal basis for regulating greenhouse gas emissions [1][2][3] - This action aims to undo the scientific and legal basis for existing and future regulations on greenhouse gas emissions [5][6] - Environmental groups, such as the Natural Resources Defense Council (NRDC), plan legal challenges if their concerns are not addressed [7] Environmental & Health Impacts - Repealing the endangerment finding endangers Americans' health due to increased pollution and adverse climatic events [9][10] - Scientific evidence conclusively demonstrates that greenhouse gas emissions endanger human health through pollution and climate change impacts [10] - The revocation could exacerbate issues like wildfires, floods, hurricanes, and respiratory problems such as asthma [7][9][10] Economic & Geopolitical Implications - The move could harm the clean energy industry, potentially benefiting the fossil fuel industry [14][15] - The policy shift may give China an advantage in clean energy technologies [19] - Subsidies for the oil and gas industry are seen as detrimental to the economy and public health [17][18] Political Motivations - The decision is perceived as fulfilling a promise made to oil companies in exchange for campaign contributions [13][15] - Critics argue the administration is prioritizing the interests of the fossil fuel industry over public health and environmental protection [15][16]

Core Insights - IDACORP reported Q2 2025 earnings per share (GAAP) of $1.76, missing Wall Street's expectation of $1.78, while net income increased to $95.8 million from $89.5 million in Q2 2024, reflecting a 7.0% year-over-year growth [1][2] - The company raised the lower end of its fiscal 2025 earnings guidance to $5.70 to $5.85 per diluted share, indicating confidence in customer growth despite ongoing cost pressures [1][10] Financial Performance - Q2 2025 EPS (GAAP) was $1.76, a 2.9% increase from $1.71 in Q2 2024 [2] - Net income for Q2 2025 was $95.8 million, up from $89.5 million in Q2 2024, marking a 7.0% increase [2] - Weighted average shares diluted increased by 4.1% to 54.38 million in Q2 2025 compared to 52.24 million in Q2 2024 [2] Customer Growth and Usage - IDACORP added approximately 16,000 new customers, a 2.5% increase year-over-year, contributing an additional $6.0 million in operating income [5] - Increased electricity usage per customer, particularly for irrigation due to low rainfall, added $5.5 million in operating income [5] - New base rates effective January 2025 contributed an additional $8.8 million in operating income for Q2 2025 [5] Cost and Expenses - Operating and maintenance expenses rose by $11.1 million in Q2 2025 due to higher performance-based pay, inflation, and wildfire mitigation spending [6] - Depreciation and amortization expenses increased by $6.4 million as new infrastructure was brought online [6] - Non-operating expenses rose by $7.0 million, primarily due to increased interest from a larger debt load [6] Regulatory and Tax Mechanisms - IDACORP utilized $17.2 million in additional accumulated deferred investment tax credits (ADITC) in Q2 2025, up from $7.5 million in Q2 2024 [7] - Regulatory tools like power cost adjustments and fixed cost recovery mechanisms were employed to manage expense volatility [7] Capital Projects and Clean Energy Initiatives - The company broke ground on the Boardman-to-Hemingway 500 kV transmission line, aimed at integrating renewables and meeting increased demand [8] - A new battery storage facility began operations, and the company continues to develop solar and wind power agreements [8] - IDACORP aims for a 100% clean energy supply by 2045 and an 88% reduction in carbon dioxide emissions by 2030 [9] Future Guidance and Considerations - Management raised the lower end of its 2025 earnings guidance, projecting full-year GAAP earnings per diluted share of $5.70 to $5.85 [10] - Operating and maintenance expenses are expected to remain between $465 million and $475 million for the full year [10] - Investors should monitor upcoming rate case filings and progress on transmission and renewable projects [11]