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ReNew Energy Global PLC (RNW) to Report Q4 Results: Wall Street Expects Earnings Growth
ZACKS· 2025-05-28 15:01
Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for ReNew Energy Global PLC despite lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $0.07 per share, reflecting a significant year-over-year increase of +250% [3]. - Revenues are projected to be $291.8 million, which is a decrease of 1.8% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - A positive Earnings ESP of +100% suggests that analysts have recently become more optimistic about the company's earnings prospects [12]. Historical Performance - In the last reported quarter, ReNew Energy Global was expected to post a loss of $0.04 per share but instead reported a loss of $0.11, resulting in a surprise of -175% [13]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [14]. Predictive Indicators - A positive Earnings ESP combined with a Zacks Rank of 2 indicates a high likelihood of beating the consensus EPS estimate [12]. - Stocks with a positive Earnings ESP and a solid Zacks Rank have historically produced a positive surprise nearly 70% of the time [10].
Gevo to Sell Luverne, Minnesota Ethanol Facility to A.E. Innovation; Will Retain Isobutanol Assets for Future Innovation
Globenewswire· 2025-05-28 13:00
Core Viewpoint - Gevo, Inc. has entered into a definitive agreement to sell its subsidiary Agri-Energy, LLC to A.E. Innovation, LLC for $7 million, which includes an ethanol production facility in Minnesota, while retaining certain isobutanol-related assets for future production [1][4]. Group 1: Transaction Details - The sale includes Agri's 18-million-gallon-per-year ethanol production facility located in Luverne, Minnesota [1]. - Gevo will receive $2 million in cash upon closing and an additional $5 million in future cash under the purchase agreement [4]. - The transaction is expected to close by the end of 2025, subject to financing and customary closing conditions [5]. Group 2: Future Operations and Innovations - A.E. Innovation plans to restart ethanol production at the facility, which has been idled since 2022, and aims to use the site as an innovation hub for new technologies [2][3]. - The Luverne plant has been a demonstration site for regenerative agriculture and biofuel production, including synthetic aviation fuel, isobutanol, and ethanol [3]. - Gevo anticipates potential future benefits from isobutanol fermentation through a side-by-side operational model with the ethanol assets [4]. Group 3: Strategic Importance - The sale is expected to provide annual savings of approximately $3 million from current facility idling costs [4]. - The transaction is seen as a way to support local farmers and strengthen the regional economy in Luverne [4]. - Gevo emphasizes the importance of Minnesota's farming communities in developing sustainable agricultural practices as a foundation for innovative energy solutions [4].
Gas, Nuclear, Renewables Battle Over Power For Meta's New Data Center
Forbes· 2025-05-27 21:05
Power lines in California. Getty ImagesMeta, the company that owns Facebook, are planning a new AI data center, the company’s largest yet, in Richland Parish, Louisiana. The local utility company, Entergy, has plans to build three new gas-fired power plants to supply the additional electricity needed for the data center.Also reported last week was that Meta got some pushback from a U.S. Senator, who challenged the benefits of using natural gas to power the new data canter.The new data center is an enormous ...
Gevo Appoints Industry Veteran James Barber, Ph.D. to Board of Directors
Globenewswire· 2025-05-27 20:10
Company Overview - Gevo, Inc. is a leader in sustainable aviation fuel and renewable chemicals, focusing on cost-effective, drop-in fuels that enhance energy security and support rural economic growth [1][3] - The company operates one of the largest dairy-based renewable natural gas facilities in the U.S. and an ethanol plant with a carbon capture and sequestration facility [3] Leadership Appointment - James J. Barber, Ph.D., has been appointed to Gevo's Board of Directors, bringing extensive executive leadership and board experience in various sectors including fuels and chemicals [1][2] - Dr. Barber holds a Ph.D. in Organic Chemistry from MIT and has received the American Chemical Society's Henry F. Whalen, Jr. Award for Business Development [2] Strategic Importance - The CEO of Gevo, Dr. Patrick R. Gruber, emphasized that Dr. Barber's technical expertise and strategic insight will be crucial for the company's growth [3] - Gevo's business model aims to revitalize rural communities by developing and operating production facilities that create jobs [3]
Gevo Promotes Leke Agiri to Chief Financial Officer
GlobeNewswire News Room· 2025-05-27 20:01
Core Viewpoint - Gevo, Inc. has appointed Oluwagbemileke (Leke) Agiri as Chief Financial Officer, effective May 21, 2025, succeeding L. Lynn Smull, who will take on a new role as Executive Vice President and Senior Advisor to the CEO [1][2][3] Group 1: Leadership Transition - Leke Agiri has extensive experience in corporate finance and capital markets, having served in key leadership roles at Gevo since August 2022, most recently as Executive Vice President, Finance [2] - Lynn Smull expressed confidence in Agiri's capabilities and emphasized the importance of a smooth transition as he approaches retirement [3] - Patrick Gruber, CEO of Gevo, highlighted Agiri's integral role in the finance team and the company's commitment to long-term succession planning [4] Group 2: Company Overview - Gevo is a diversified energy company focused on producing cost-effective, renewable fuels that enhance energy security and support rural economic growth [5] - The company operates one of the largest dairy-based renewable natural gas facilities in the U.S. and an ethanol plant with carbon capture and sequestration capabilities [5] - Gevo is also known for its innovative technology in producing synthetic aviation fuel and specialty alcohol-to-jet fuels, contributing to the U.S.'s leadership in energy innovation [5]
Richardson Electronics, Ltd. Expands Product Portfolio with the Introduction of New Patent-Pending TurbineGuard™ Series
Globenewswire· 2025-05-27 15:00
Company Overview - Richardson Electronics, Ltd. is a global provider of engineered solutions for renewable energy and power management applications, with a focus on innovation and customer-centric solutions [5][8]. - The company manufactures over 50% of its products in LaFox, Illinois, Marlborough, Massachusetts, and Donaueschingen, Germany, adhering to strict specifications and supplier codes of conduct [5]. New Product Launch - Richardson Electronics announced the launch of two new monitoring relays, the TurbineGuard™ Temperature Signal Relay and the TurbineGuard™ Voltage Signal Relay, aimed at the wind and renewables markets [1][3]. - These products are designed to enhance safety and performance in turbine monitoring systems, addressing the needs of aging turbine fleets and regulatory compliance [1][3]. Product Features - The TurbineGuard™ Temperature Signal Relay includes features such as a temperature LCD readout, programmable temperature set points, and compatibility with both ultracapacitor and lead-acid battery technologies [6]. - The TurbineGuard™ Voltage Signal Relay offers a voltage LCD readout, programmable voltage set points, and status LEDs, ensuring user-friendly operation [6]. Strategic Focus - The company emphasizes its commitment to creating engineered solutions that deliver real value to users, reflecting a customer-first approach in product design and development [3]. - Richardson Electronics aims to meet the evolving needs of the renewable power generation market through continuous innovation and quality improvements [3].
Ormat Technologies Announces $62 Million Hybrid Tax Equity Partnership for Two Energy Storage Facilities
Globenewswire· 2025-05-27 12:45
Core Insights - Ormat Technologies, Inc. has signed a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. to support its energy storage projects [1][2] - The partnership includes the Lower Rio 60MW/120MWh storage facility and the Arrowleaf 35MW/140MWh storage and 42MW solar projects, which are expected to achieve Commercial Operation Date (COD) by the end of 2025 [1][2] - The CEO of Ormat emphasized the importance of this partnership in optimizing project economics and supporting long-term growth, aiming to monetize $160 million in tax benefits this year [2] Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over six decades of experience [3] - The company is vertically integrated, involved in the entire process from design to operation of geothermal and recovered energy generation (REG) power plants [3] - Ormat's total generating portfolio is 1,538MW, which includes 1,248MW from geothermal and solar generation and a 290MW energy storage portfolio located in the U.S. [3]
Stardust Solar Signs LOI for Exclusive North American Distribution of MarkeDroid A.I. Driven Technology with European Union Participation
Newsfile· 2025-05-27 12:30
Stardust Solar Signs LOI for Exclusive North American Distribution of MarkeDroid A.I. Driven Technology with European Union ParticipationMay 27, 2025 8:30 AM EDT | Source: Stardust Solar Energy Inc.Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) (FSE: 6330) (OTCQB: SUNXF) (the "Company" or "Stardust Solar"), a leading North American franchisor of renewable energy installation services, is pleased to announce that it has signed a non-binding ...
Zeo Energy Corp. Reports Fourth Quarter and Full Year 2024 Financial Results
Globenewswire· 2025-05-27 12:30
Core Insights - Zeo Energy Corp. reported a challenging year in 2024 for the solar industry but remains optimistic about future opportunities and growth strategies [3][4] - The company aims to acquire renewable energy assets to enhance market share and has successfully integrated Lumio's assets acquired in November 2024 [3][7] Financial Performance - Total revenue for 2024 was $73.2 million, a 33.2% decrease from $109.7 million in 2023, primarily due to higher interest rates affecting residential solar sales [6][8] - The company reported a net loss of $9.9 million in 2024 compared to a net income of $4.8 million in 2023, largely due to stock compensation and increased operational costs [8][22] - Adjusted EBITDA for 2024 was $2.0 million, down from $7.0 million in 2023, reflecting the impact of the challenging market environment [8][22] Quarterly Highlights - In Q4 2024, total revenue was $18.6 million, an 18.9% decrease from $23.0 million in Q4 2023, attributed to the ongoing effects of higher interest rates [6][14] - Gross profit for Q4 2024 decreased to $11.2 million (60.1% of total revenue) from $12.7 million (55.1% of total revenue) in Q4 2023, driven by lower sales [14] - Adjusted EBITDA for Q4 2024 increased to $3.1 million (16.8% of total revenue) from approximately $(0.9) million in Q4 2023, indicating improved operational efficiencies [14][15] Operational Developments - The company completed the integration of Lumio's assets, which is part of its market expansion strategy [7] - Zeo secured $4.0 million in December 2024 to develop a year-round sales force, aiming to enhance its market presence and growth trajectory [7] Market Positioning - Zeo Energy focuses on high-growth markets with limited competitive saturation, utilizing a differentiated sales approach to serve customers seeking energy efficiency solutions [11]
Homerun Resources Inc. Announces Retirement of Long Time Director Greg Pearson - Hires Integral for Market Making Services
Newsfile· 2025-05-23 12:50
Homerun Resources Inc. Announces Retirement of Long Time Director Greg Pearson - Hires Integral for Market Making ServicesMay 23, 2025 8:50 AM EDT | Source: Homerun Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - May 23, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is announces the retirement of long-time Director, Greg Pearson.The Company further announces that it has retained Integral Wealth Securities Limited ("Integral") to provide Mar ...