Summary of Earnings Preview for China Utilities Sector Industry Overview - The report focuses on the **China Utilities** sector, specifically highlighting the **Power, Renewables, and Power Grid** industries in the Asia Pacific region - The overall industry view is considered **Attractive** [4][6] Key Insights - **3Q25 Earnings Expectations**: - Continued margin recovery is anticipated for wind component and submarine cable players - Polysilicon earnings may see upside risks - Solar module producers are expected to maintain flat or show mild decline in losses quarter-over-quarter (QoQ) [1][6] - **Coal Prices and Power Tariffs**: - A slight weakening in unit profit is expected due to a small rise in coal prices and a persistently soft power tariff [6][8] - **Sector Performance**: - Wind sector is expected to see a sector-wide gross profit (GP) margin recovery, primarily driven by submarine cables with a favorable product mix in 3Q25 - Wind Turbine Generator (WTG) Original Equipment Manufacturers (OEMs) may experience a more muted recovery [6][8] Company-Specific Highlights - **CGN Power Co., Ltd (1816.HK)**: - On-grid power generation decreased by 3% year-over-year (YoY) in 3Q25 due to longer outage times - Estimated net profit of approximately **Rmb2.6 billion**, down 6% YoY [8][10] - **China Longyuan Power Group (0916.HK)**: - Forecasted net profit of **Rmb937 million** in 3Q25, down from **Rmb1,542 million** in 2Q25 - Net profit for 9M25 expected to be **Rmb4.5 billion**, down 22% YoY [8][10] - **Huaneng Power International Inc. (0902.HK)**: - Estimated net profit of **Rmb4.1 billion**, up approximately 38% YoY but down 5% QoQ - Unit fuel cost expected to decline by **Rmb0.036/kWh** (12% YoY) [8][10] - **Jiangsu Zhongtian Technology Co. Ltd. (600522.SS)**: - Forecasted net profit of **Rmb1.03 billion** for 3Q25, up 21.1% YoY and 9.6% QoQ [8][10] - **Goldwind (2208.HK)**: - Expected net profit of **Rmb953 million**, representing a 135.1% YoY increase [10][10] - **Tongwei Co. Ltd. (600438.SS)**: - Forecasted net loss of **Rmb2.2-2.4 billion** in 3Q25, with improvements in polysilicon business due to price rebounds [10][10] - **LONGi Green Energy Technology Co. Ltd. (601012.SS)**: - Expected loss of **Rmb1.0-1.3 billion** in 3Q25, with slight declines in wafer and module shipments [10][10] Additional Observations - **Polysilicon Players**: Potential earnings surprises are anticipated due to increases in shipments and average selling prices (ASP) in 3Q25 [6][8] - **Demand Outlook**: Weaker demand is expected in 4Q25 compared to 3Q25, particularly for solar products [6][8] This summary encapsulates the key points from the earnings preview for the China Utilities sector, highlighting both the overall industry outlook and specific company forecasts.

Group 1 - Graham Corporation announced the acquisition of specific assets from Xdot Bearing Technologies, a firm specializing in foil bearing technology [1] - Xdot has developed and patented innovative technologies in the field of foil bearings, which are critical for various applications [1] - The acquisition aligns with Graham Corporation's strategy to enhance its capabilities in fluid, power, heat transfer, and vacuum technologies for key markets including Defense, Energy & Process, and Space [1]

Brazilian power company Eletrobras said in a securities filing on Wednesday that it signed a contract with J&F for the sale of its stake in the state-run Eletronuclear for 535 million reais ($97.87 mi... ...

Core Insights - NextEra Energy has experienced an 18% gain over the past month, outperforming the S&P 500's 1% increase and the Utilities Select Sector SPDR Fund's 8% rise, marking its best one-month performance since June 2024 [1][6] - NextEra Energy is the largest utility company by market capitalization, valued at $172 billion, which is nearly 50% larger than its closest competitor, Constellation Energy, valued at approximately $115 billion [2] - Despite recent gains, NextEra has lagged behind the utility sector and broader market over various time frames, ranking 18th out of 31 utility sector members with a 19% year-to-date gain and 25th out of 31 with a 24% return over the past five years [3] Financial Performance - NextEra's five-year return has been largely driven by dividends, which have increased annually since 2006, resulting in a current dividend yield of 2.7%, slightly above the utility sector's average yield of 2.5% [4] - The company's forward price-to-earnings ratio stands at 23.5, the sixth-highest among 31 utility stocks, while its price-to-sales ratio of 9.1 makes it the most expensive in that regard [5] Market Position - Following a period of underperformance, NextEra's recent rally has attracted investor interest, particularly from those seeking growth and income, although it is not the cheapest utility stock available [6]

Group 1 - Constellation Energy Corporation (NASDAQ:CEG) has been upgraded to "Buy" from Neutral by Seaport Global Securities due to rising cash flows among thermal independent power producers and the pending acquisition of Calpine [1][2] - The upgrade is supported by factors such as higher power and capacity prices, lower interest rates, and no cash taxes impacting thermal IPPs [1] - The merger with Calpine is expected to close within the next 30 days, and the company is anticipated to perform well leading into its refreshed earnings update [2] Group 2 - CEG is projected to trade at 10.3x 2027 EV/EBITDA and a 7.7% 2027 FCF yield based on updated estimates post-Calpine merger [2] - The multiples for CEG are considered rich compared to its closest peer, VST, due to CEG's size and its nuclear/gas earnings mix [2] - Regulatory reforms in California's resource adequacy market are being monitored, especially given elevated RA prices in Northern California [2]

JSW Energy: A Bright Spark in the Power SpaceCA Rudramurthy BV began the conversation with a bullish call on JSW Energy, highlighting its strong technical setup.“See, for me, JSW Energy looks very-very strong and this stock has now made a consolidation, time-wise move has been seen, and now it is ready for a big breakout, looking at targets of 750 with a stop loss of 440,” he said, adding that it offers “at least a 50% kind of an upside from current market price.”PSU Banks and OMCs Shine for Short-Term Trad ...

Core Insights - Talen Energy Corporation (NASDAQ: TLN) has seen its stock price increase by over 100% year-to-date, positioning it as one of the top-performing large-cap stocks in 2023 [1] Company Performance - The significant stock price increase is attributed to a profitable power supply agreement with Amazon [1]

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth S ...

This story was originally published on Waste Dive. To receive daily news and insights, subscribe to our free daily Waste Dive newsletter. Name: Nadège Petit a headshot of Nadège Petit New title: CEO of Veolia North America Previous title: Chief innovation officer, Schneider Electric Veolia North America has named Nadège Petit its new CEO effective December 1, a move meant to advance the company’s expansion plans in North America. Petit, who has a background in international business development and inno ...

BlackRock Inc.’s (NYSE:BLK) Global Infrastructure Partners (GIP) is reportedly in advanced talks to acquire Aligned Data Centers in a deal that could value the company at $40 billion.A deal for Aligned, which is backed by investment firm Macquarie Group, could be announced within days, Bloomberg News reported on Friday, citing people familiar with the matter. Check out the current price of BLK shares here.MGX, an AI investment company established by Abu Dhabi’s sovereign wealth fund Mubadala Investment Co., ...