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Unitil Shareholders Elect Directors at Annual Meeting
Globenewswire· 2025-04-30 20:45
Corporate Governance - Shareholders elected four new members to the Board of Directors for a term of three years: Anne L. Alonzo, Katherine Kountze, Jane Lewis-Raymond, and David A. Whiteley [1] - The selection of Deloitte & Touche, LLP as independent registered public accountants for 2025 was ratified by shareholders [1] - An advisory vote on executive compensation received approval from 91% of shareholders [2] Strategic Direction - The Chairman and CEO, Thomas P. Meissner, Jr., highlighted the company's achievements in 2024 and discussed the strategic transition to a clean energy future aimed at creating long-term sustainable value [3] Company Overview - Unitil Corporation is a public utility holding company providing electricity and natural gas in New England, serving approximately 109,400 electric customers and 97,600 natural gas customers [4]
ExxonMobil Surges Ahead in Low-Carbon Push, BP and Shell Retreat
ZACKS· 2025-04-29 14:10
Group 1: ExxonMobil's Low-Carbon Strategy - ExxonMobil is set to surpass European rivals Shell and BP in low-carbon energy investments, indicating a significant shift in the clean energy race among major oil companies [1] - The company plans to invest up to $30 billion in low-emission projects from 2025 to 2030, with approximately 65% of this budget aimed at helping third-party customers reduce emissions [2] - ExxonMobil's Low Carbon Solutions business is focusing on carbon capture, low-carbon hydrogen, and lithium, aligning with its engineering and process expertise [2] Group 2: Competitors' Strategies - Shell and BP are scaling back their clean energy investments, with Shell limiting its capital in low-carbon businesses to below 10% of total capital employed [4] - BP announced an increase in upstream oil and gas investment to $10 billion annually while cutting clean energy spending by over $5 billion [5] - Equinor plans to nearly halve its renewables and low-carbon investments to $5 billion, citing inflation and regulatory uncertainty [5] Group 3: Market Position and Future Outlook - ExxonMobil's clean energy ambitions are heavily reliant on the Inflation Reduction Act (IRA) of 2022, which provides significant incentives for carbon capture and hydrogen projects [6] - Currently, ExxonMobil allocates 17% of its capital expenditures to low-carbon investments, similar to Shell, while TotalEnergies leads with 29% [7] - As European counterparts retreat from climate-focused investments, ExxonMobil is positioned to take the lead in the next phase of energy evolution [8]
Critical Metals Corp. Publishes New Presentation on Investor Website
Globenewswire· 2025-04-23 12:00
Core Insights - Critical Metals Corp is a leading mining development company focused on critical metals and minerals essential for electrification and next-generation technologies in Europe and its western partners [1][3] - The company's flagship project, Tanbreez, is one of the largest rare earth deposits globally, located in Southern Greenland, with year-round shipping access via deep water fjords [1][3] - The Wolfsberg Lithium Project in Austria is the first fully permitted mine in Europe, strategically positioned to become a major producer of lithium products for the European market [2][3] Company Overview - Critical Metals Corp is dedicated to becoming a reliable and sustainable supplier of critical minerals for defense applications, clean energy transition, and next-generation technologies [3] - The company has established partnerships for offtake and downstream operations, enhancing its strategic asset portfolio [2][3]
CAT Vs DE: Which Heavy Machinery Stock is the Better Bet Now?
ZACKS· 2025-04-17 17:00
Core Viewpoint - Caterpillar Inc. and Deere & Company are two leading heavy equipment manufacturers facing challenges in their respective markets, with Caterpillar experiencing revenue declines and Deere aligning production with demand due to weak market conditions [2][3][10]. Caterpillar Inc. (CAT) - CAT's revenues have declined for the past four quarters, with earnings falling in the last two quarters due to volume weakness in Resource Industries and Construction Industries [3][4]. - The company expects a slight revenue dip in 2025 from the 2024 reported number of $64.8 billion, driven by lower sales in Construction and Resource Industries [7]. - CAT anticipates its adjusted operating margin to be in the top half of its target range, with a broad revenue guidance of $42-$72 billion and margins between 10% and 22% [7]. - The U.S. Infrastructure Investment and Jobs Act is expected to create opportunities for CAT's construction equipment portfolio, while demand for mining equipment is anticipated to rise due to the shift toward clean energy [8]. - CAT is focused on doubling its service revenues from $14 billion in 2016 to $28 billion in 2026, capitalizing on growth in aftermarket parts and service-related revenues [9]. Deere & Company (DE) - DE has experienced top-line declines for the past six quarters and lower earnings over the last five due to weak farmer spending and rising costs [10][12]. - The company expects sales volumes to decline in 2025 across all segments, including Production & Precision Agriculture and Construction & Forestry [12]. - DE's fiscal 2025 net income is projected to be between $5 billion and $5.5 billion, indicating a 26% decline from the previous year's net income of $7.1 billion [13]. - Despite current weaknesses, long-term agricultural equipment demand is supported by global food demand and the need to replace aging equipment [15][16]. - DE is well-positioned for growth through consistent investments in innovation and geographic expansion, focusing on advanced technologies in agriculture [16]. Financial Comparisons - The Zacks Consensus Estimate for CAT's 2025 earnings is $19.32, reflecting an 11.8% year-over-year decline, while DE's estimate is $19.15, indicating a 25.3% decline [19][20]. - Year-to-date, CAT's stock has declined by 20%, while DE has gained 6.8%, outperforming the Industrial Products Sector and the S&P 500 [21]. - CAT is trading at a forward 12-month earnings multiple of 14.45X, lower than its five-year median, while DE is at 22.14X, higher than its five-year median [23]. - CAT's return on equity is 58.18%, significantly higher than DE's 27.31%, indicating more efficient use of shareholder funds [24]. - CAT's dividend yield of 1.94% surpasses DE's 1.43%, making it more attractive for income-focused investors [27]. Investment Considerations - Both companies currently hold a Zacks Rank 3 (Hold), indicating challenges in choosing between them [28]. - While DE has strong long-term prospects tied to food demand and agricultural technology, its current valuation is less favorable compared to CAT [29]. - CAT offers a higher dividend yield and more attractive valuation, benefiting from trends like infrastructure spending and AI-driven growth [30].
What If Trump's Energy Plan Fails? These 3 Energy Giants (and Their Dividends) Will Be Just Fine.
The Motley Fool· 2025-03-16 13:10
Donald Trump is a polarizing political figure, and he has come into office with a long list of plans. While not every president is as polarizing as Trump, every single president comes into office with plans. That's the key investment issue to think about, whether or not the current energy plan -- Trump's energy plan -- succeeds in its goals or fails. If you're looking to own an energy stock for more than the next four years, you'll probably want to consider these three energy giants.1. ExxonMobil's dividend ...
Advent Technologies and the European Climate, Infrastructure and Environment Executive Agency (CINEA) Sign €34.5 Million EU Innovation Fund Grant Agreement
Globenewswire· 2025-03-11 12:00
Core Insights - Advent Technologies Holdings, Inc. has secured a €34,534,318 grant from the EU Innovation Fund for its RHyno Project, aimed at developing innovative fuel cell and hydrogen technologies [1][2][5] - The RHyno Project is expected to establish infrastructure for advanced fuel cells and electrolysers, enhancing power density and lifespan while reducing weight and volume [3][4] - The project is positioned to decarbonize carbon-intensive industries such as aviation, maritime, and heavy-duty automotive sectors, contributing to the clean energy transition [4] Company Overview - Advent Technologies is a U.S. corporation specializing in fuel cell, methanol, and hydrogen technology, with a focus on Membrane Electrode Assembly (MEA) and fuel cell stack development [6] - The company holds approximately 150 patents related to HT-PEM fuel cell technology, enabling the use of green eFuels, renewable natural gas, or hydrogen [6] - Advent's fuel cells are designed for various applications, including stationary, portable, data center, off-grid power generation, and heavy-duty mobility [7] Project Significance - The RHyno Project is recognized as a significant achievement, ranking highest among 337 proposals submitted to the EU Innovation Fund 2023 Call [2] - The project is expected to foster strong industrial partnerships and collaborations with academic institutions, enhancing Advent's market position [2][4] - The funding will be received incrementally based on the completion of specific performance milestones, ensuring accountability and progress [1]
Centuri Holdings, Inc.(CTRI) - Prospectus
2024-03-22 20:07
FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Table of Contents As filed with the Securities and Exchange Commission on March 22, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Centuri Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 1623 93-1817741 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 1 ...