Core Insights - Darling Ingredients Inc. reported a decline in net income for the fourth quarter and fiscal year 2025, with net income of $56.9 million or $0.35 per diluted share compared to $101.9 million or $0.63 per diluted share in the same period of 2024 [1][2] - The company achieved total net sales of $1.7 billion in Q4 2025, up from $1.42 billion in Q4 2024, and total net sales for the fiscal year reached $6.1 billion, compared to $5.7 billion in 2024 [1][2] - Combined Adjusted EBITDA for Q4 2025 was $336.1 million, an increase from $289.5 million in Q4 2024, while for the fiscal year, it totaled $1.03 billion, down from $1.08 billion in 2024 [1][2] Fourth Quarter Highlights - Combined Adjusted EBITDA was $336.1 million, compared to $289.5 million for Q4 2024 [1] - Total net sales were $1.7 billion, an increase from $1.42 billion for Q4 2024 [1] - Net income was $56.9 million, or $0.35 per GAAP diluted share, down from $101.9 million, or $0.63 per GAAP diluted share in Q4 2024 [1][2] Fiscal Year Highlights - Bank leverage ratio declined to 2.90X, indicating a commitment to deleveraging [1] - The company monetized $255 million of the $285 million in Production Tax Credit sales, enhancing cash generation [1] - Total net sales for the fiscal year were $6.1 billion, compared to $5.7 billion for fiscal year 2024 [1][2] - Net income for fiscal year 2025 was $62.8 million, or $0.39 per GAAP diluted share, compared to $278.9 million, or $1.73 per GAAP diluted share for fiscal year 2024 [1][2] Segment Performance - For the three months ended January 3, 2026, total net sales by segment included $1.13 billion from Feed Ingredients, $429 million from Food Ingredients, and $152.6 million from Fuel Ingredients [2] - The company reported a gross margin of $429.2 million for Q4 2025, compared to $333.8 million in Q4 2024 [2] - Segment Adjusted EBITDA for Feed Ingredients was $193.4 million, for Food Ingredients was $82.4 million, and for Fuel Ingredients was $27.2 million [2] Cash and Debt Position - As of January 3, 2026, the company had $88.7 million in cash and cash equivalents, with $1.32 billion available under its committed revolving credit agreement [1] - Total debt outstanding was $3.94 billion as of January 3, 2026 [1] Future Outlook - The company anticipates core ingredients business adjusted EBITDA for Q1 2026 to be approximately $240-$250 million [1] - Management expressed confidence in building on operational excellence and core strengths moving into 2026 [1]

It's not just fusion. I think that let's start by you introducing us to inertia because the a fusionpowered plant is completely contingent in your case in you cracking extremely powerful lasers. A sentence I never thought I'd say on this show.Take it from there. >> Well, Inertia is the commercial fusion energy company. That's because in order to commercialize a technology, you need to prove the science.So, we are resting on the scientific proof that it was made several years ago. You probably read about it ...

Financial Data and Key Metrics Changes - In 2025, TotalEnergies generated $28 billion in cash flow from operations, exceeding initial expectations of $25 billion [21][24] - The net adjusted income reached $15.6 billion, with a return on equity of 13.6% and a return on average capital employed (ROACE) of 12.6% [24][36] - The company maintained a strong balance sheet with a gearing ratio of 14.7% [25] Business Line Data and Key Metrics Changes - Upstream production grew by 4%, surpassing the guidance of above 3%, with a total production increase of 150,000 barrels of oil equivalent per day [12][18] - Integrated power production saw over 20% growth, reaching approximately 50 terawatt-hours in 2025 [19][20] - LNG sales increased by 10% compared to the previous year, aligning with production growth [19] Market Data and Key Metrics Changes - The refining utilization rates were in line with targets after addressing technical incidents in the first half of the year [19] - The company reported a cumulative reduction of 38% in Scope 1 and 2 greenhouse gas emissions compared to 2020 [10] - The average operating expenditure (OpEx) per barrel was $5, the best among peers, which is crucial for maintaining competitiveness in a low-price environment [15][36] Company Strategy and Development Direction - TotalEnergies is focusing on a balanced strategy anchored on oil and gas, as well as gas and LNG, with significant achievements in Namibia and Brazil [12][14] - The company aims to establish a sustainable multi-FPSO hub in Namibia, with projects like Venus and Mopane expected to contribute significantly to production beyond 2030 [42][46] - The integrated power segment is expected to grow independently of oil and gas cycles, reinforcing the company's resilience [67] Management's Comments on Operating Environment and Future Outlook - Management anticipates a stable demand for oil, with no peak demand expected in the near future, despite some market volatility [68][70] - The company has launched a cash-saving program to strengthen resilience in a potentially challenging environment in 2026 [67] - The outlook for LNG prices is expected to be gradual, with a transition year anticipated in 2026 [73] Other Important Information - TotalEnergies has invested $1 billion in energy efficiency improvements from 2023 to 2025, resulting in a reduction of 2 million tons of CO2 equivalent emissions [10] - The company has signed significant agreements with major tech firms for data center power supply, enhancing its integrated power strategy [56][58] Q&A Session Summary Question: What are the key achievements in Namibia? - TotalEnergies confirmed substantial discovered resources in Namibia, with a focus on developing the Venus and Mopane projects, which are expected to establish a new deepwater hub [41][42] Question: How is the company addressing emissions? - The company has exceeded its methane emissions reduction target, achieving a 65% reduction compared to 2020, and aims for near-zero methane emissions by 2030 [8][10] Question: What is the outlook for LNG and gas prices? - Management expects gradual price changes in the LNG market, with a transition year in 2026, and anticipates increased demand in Europe due to the EU's decision to ban Russian gas by 2027 [73]

Core Insights - SunPower Inc. has announced the promotion of Kapil Rai to EVP of the New Homes division, which includes Multifamily and Light Commercial segments, aiming to strengthen partnerships across various stakeholders [1][3] - The New Homes division is expected to double in size in 2026, with a project pipeline projected to exceed $100 million by year-end, following a turnaround after losing customers due to the previous bankruptcy in 2024 [3] Company Developments - Kapil Rai brings over 20 years of global P&L leadership experience from the semiconductor industry, having worked with companies like Future Electronics and Microchip Technology [2] - The recent acquisition of Cobalt Power, a leading solar company in Silicon Valley, is seen as a key factor in the anticipated growth of the New Homes division [3] - SunPower's culture is shifting towards transparency, accountability, and zero-defects, which are viewed as essential for delivering long-lasting value to customers and shareholders [3] Market Position - SunPower is recognized as a leading residential solar services provider in North America, focusing on energy-efficient solutions for customers [4]

Core Insights - Canadian Solar has delivered its first grid-connected battery energy storage system (BESS) in Japan, with a rated output of 2 MW and an energy capacity of 8.25 MWh DC, marking a significant milestone in its commitment to the Japanese market [1] - The project is located in Sapporo City, Hokkaido, and is part of Hokkaido Electric Power Network Company's 2023 public land leasing initiative, aimed at enhancing grid flexibility and renewable energy integration [1] - e-STORAGE, a subsidiary of Canadian Solar, is responsible for the design, engineering, and long-term maintenance of the BESS, which is compliant with Japan's regulatory framework [1] Company Overview - Canadian Solar is one of the largest solar technology and renewable energy companies globally, founded in 2001 and headquartered in Kitchener, Ontario [1] - The company has delivered nearly 170 GW of solar photovoltaic modules and has a contracted backlog of $3.1 billion as of October 31, 2025 [1] - e-STORAGE operates with an annual battery energy storage system capacity of 15 GWh and battery cell capacity of 3 GWh, focusing on utility-scale applications [1] Market Impact - The BESS project is designed to participate in both the Japan Electric Power Exchange (JEPX) and the Balancing Market (EPRX), contributing to market stability in Hokkaido [1] - Canadian Solar's commitment to the Japanese energy transition is underscored by its delivery of reliable energy storage solutions that meet evolving market needs [1] - The company has developed approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects globally since entering the project development business in 2010 [1]

Core Insights - Infrastructure spending is currently a key driver of growth trends in global equities, with a focus on digital infrastructure providers like Equinix Inc. [1] - Infrastructure stocks are modestly priced compared to historical levels, despite typically trading at a premium to global equities [2] - Current valuations present an attractive entry point for investors seeking long-duration, cash-generative assets [3] Infrastructure Market Overview - There are 16 Canadian-listed infrastructure funds with combined assets of approximately $2.7 billion, with the largest being the $1.1 billion iShares Global Infrastructure Index ETF [3] - Infrastructure assets have historically provided attractive risk-adjusted returns, making them appealing during various economic conditions [4] Economic Impact on Infrastructure - Infrastructure spending is essential during economic growth and is a preferred vehicle for stimulating economies during downturns [5] - Major trends impacting infrastructure include the shift towards renewable energy and technological innovations like AI [6] Performance Metrics - Utilities are experiencing earnings-per-share growth rates exceeding 10% annually, indicating strong sector performance [7] - U.S. companies dominate infrastructure fund allocations, with 69% of the BMO Global Infrastructure Index ETF's assets in U.S. stocks [8] Investment Strategies - Active managers seek a balance between traditional dividend payers and newer growth opportunities in infrastructure [10] - The Brompton Global Infrastructure ETF has a diversified allocation, with 43% in industrials, 20% in energy, and 12% in utilities [11] Dividend Opportunities - Infrastructure funds offer above-average dividend payouts, with the Brompton ETF yielding 5.4% as of January [13] - The CI Global Infrastructure Fund provides a monthly distribution of 6.9 cents per share, translating to an annual yield of 2.6% [14] Stability and Growth - Infrastructure companies benefit from high barriers to entry and generate predictable cash flows supported by regulated pricing or long-term contracts [15] - Rising power demand and firm pricing are contributing to the growth of pipelines and utilities, particularly in relation to AI adoption [16]

Core Viewpoint - Green Rain Energy Holdings, Inc. has launched a new division, Green Rain EV+ Networks, aimed at expanding EV charging infrastructure in key U.S. markets, while also announcing a share buyback and a 2026 dividend plan [1] Strategic Infrastructure Rollout - The new division will focus on states including New York, New Jersey, California, Arizona, and New Mexico, targeting high-traffic commercial corridors and areas aligned with state clean energy initiatives [1] - Installation progress is confirmed at 1600 West Ridge Road, with a new utility pole expected to be installed by the end of February 2026 [1] EV Software Channel Growth - Management sees significant opportunities through EV software channel partnerships, which will integrate charging infrastructure with smart management systems and usage analytics, aiming for long-term recurring revenue [1] - The EV+ Networks division is designed to enhance operational efficiency and revenue optimization through intelligent platform integration [1] Strategic Acquisition Discussions - The company is in negotiations with Chronical EV Engineers for a potential acquisition, which would improve internal engineering capabilities and expedite deployment timelines in targeted markets [1] Capital Structure Initiatives - The company plans to support a stable shareholder base during its infrastructure expansion and demonstrate operational progress [1] - A stock dividend will be issued to shareholders of record as of March 31, 2026, pending regulatory approval [1] - A share buyback program is expected to be finalized by the end of February 2026, reflecting management's confidence in the company's long-term value [1] Commitment to Growth - Green Rain Energy is dedicated to disciplined growth, transparent communication, and long-term value creation as it expands its EV charging network across the United States [1]

Core Insights - The transition to electric vehicles, automated manufacturing, and AI data centers necessitates significant new power-generating capacity [1] Company Overview - Brookfield Renewable is a global leader in clean power asset operation and development, positioning itself for substantial total returns for investors [2] - The company operates a diversified portfolio that includes hydroelectric, wind, solar, distributed energy, and battery storage assets across multiple continents [3] Strategic Partnerships - Brookfield Renewable is collaborating with Microsoft to deliver over 10.5 gigawatts of renewable energy capacity in the U.S. and Europe from 2026 to 2030, supporting Microsoft's cloud and AI operations [4] - The company has signed the largest corporate clean power deal for hydroelectricity with Google, amounting to up to 3 gigawatts [4] Growth Drivers - Brookfield Renewable benefits from multiple growth drivers, including power purchase agreements (PPAs) linked to inflation and the signing of new PPAs at higher rates as older contracts expire [6] - The company has a substantial backlog of renewable energy projects under development and actively engages in value-enhancing acquisitions [6] Government Initiatives - The U.S. government has formed a strategic partnership with Westinghouse to accelerate nuclear power deployment, supporting the construction of at least $80 billion in new reactors to meet electricity needs for AI [5]

Q4 / 2025 Earnings Review and Business Update In addition, today's discussion includes certain non-GAAP financial measures as defined under SEC Regulation G. A reconciliation of those measures to the most directly comparable GAAP measures is available in the Appendix herein and on our Investor Relations website at www.duke-energy.com/investors. // 2 FOURTH QUARTER 2025 EARNINGS REVIEW AND BUSINESS UPDATE // 2 Safe harbor statement Harry Sideris / President and CEO Brian Savoy / Executive Vice President and ...

Core Viewpoint - Fluence Energy, Inc. is a key player in the energy storage sector, providing innovative solutions that enhance grid reliability and efficiency, crucial for the transition to renewable energy sources [1] Group 1: Stock Performance and Analyst Ratings - On February 9, 2026, Jefferies upgraded Fluence Energy's stock from Hold to Buy, with the stock priced at $19.40 at the time of the upgrade [2] - The stock opened at $20.40, up from a previous close of $18.95, before settling at $19.21, with a trading volume of nearly 1.93 million shares [2] - Recent analyst activity shows a positive shift, with Wall Street Zen upgrading the stock from "sell" to "hold," and Canaccord Genuity Group raising their price target from $10 to $25, assigning a "buy" rating [3] Group 2: Market Activity and Volatility - Fluence Energy's stock experienced a slight decrease of 0.21%, changing by $0.04, with a trading range for the day between $18.29 and $20.72 [4] - Over the past year, the stock has seen a high of $33.51 and a low of $3.46, indicating significant volatility [4] - The company's market capitalization is approximately $2.54 billion, with a trading volume of 7,032,459 shares, suggesting strong investor interest [5]