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CenterPoint Energy continues to prepare for weekend winter weather and secures 600 additional frontline workers to support emergency response efforts as ERCOT issues Weather Watch and Texas Governor declares State of Emergency
Prnewswire· 2026-01-22 03:09
Core Insights - CenterPoint Energy has mobilized approximately 3,300 employees and contract workers to prepare for a severe winter weather system impacting Houston and Southeast Texas [1][2] - The company has activated its Emergency Operations Center and secured an additional 600 frontline workers to enhance its response capabilities [2][6] - CenterPoint is coordinating with local officials and emergency agencies to monitor weather conditions and implement cold weather mitigations across its infrastructure [3][4] Workforce and Operations - The expanded workforce includes about 2,500 internal line workers and local contractors, alongside the newly secured 600 frontline workers [2][5] - Three staging sites have been established in strategic locations to pre-position resources for potential restoration efforts [5] - The Emergency Operations Center will remain active throughout the weekend to execute the cold weather action plan [2][4] Weather Preparedness - CenterPoint has conducted proactive measures to winterize its electric and natural gas infrastructure, including inspections and testing of critical equipment [6][14] - The company is actively monitoring weather models and has positioned Compressed Natural Gas (CNG) trucks at 14 locations for potential deployment [14] - Over 19,000 hours of emergency training have been conducted in 2025 to enhance severe weather preparation and response [14] Community Support - CenterPoint Energy Foundation awarded a $1 million grant to The Salvation Army to support disaster response capabilities in the Greater Houston area [9] - The foundation aims to enhance community resilience and safety during severe weather events [9] Customer Communication - Customers are encouraged to enroll in the Power Alert Service® for updates on winter storm outages and restoration times [10] - The company provides storm-related safety tips and encourages customers to prepare emergency plans [11][12]
PSEG Elects Geisha J. Williams to Board of Directors
Prnewswire· 2026-01-21 21:30
Core Insights - Geisha J. Williams has been elected to the Board of Directors of Public Service Enterprise Group (PSEG), effective March 1, 2026, bringing over 35 years of energy industry experience [1][2] - Williams previously served as CEO and President of PG&E Corporation, overseeing significant operations in one of the largest dual electric and gas utilities in the U.S. [1] - PSEG emphasizes the importance of a balanced mix of director tenure and experience, with Williams being the fifth new independent director elected since April 2022 [2] Company Overview - PSEG operates New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers [4] - The company owns a fleet of 3,758 MW of carbon-free, baseload nuclear power generating units located in New Jersey and Pennsylvania [4] - PSEG is a member of the S&P 500 Index and has been recognized in the Dow Jones Sustainability North America Index for 17 consecutive years [4] Leadership and Governance - Ralph LaRossa, PSEG Chair, President, and CEO, highlighted Williams' strategic leadership and operational expertise as valuable assets for the board [2] - Williams holds various leadership roles, including positions on the Supervisory Board for Siemens Energy and as an independent director for multiple organizations [3] - Her educational background includes a Bachelor of Science in industrial engineering and an MBA, enhancing her qualifications for the board [3]
Avista Corp. Fourth Quarter 2025 Earnings Conference Call and Webcast Announced
Globenewswire· 2026-01-21 21:05
Core Viewpoint - Avista Corp. will hold a quarterly conference call on February 25, 2026, to discuss its fourth quarter 2025 results, with a news release scheduled for the same day at 7:05 a.m. Eastern Standard Time [1]. Group 1: Company Overview - Avista Corp. is an energy company engaged in the production, transmission, and distribution of energy, along with other energy-related businesses [3]. - Avista Utilities, a division of Avista Corp., provides electric service to 422,000 customers and natural gas to 383,000 customers across a service territory of 30,000 square miles in eastern Washington, northern Idaho, and parts of southern and eastern Oregon, serving a population of 1.7 million [3]. - The Alaska Energy and Resources Company, a subsidiary of Avista, offers retail electric service to 18,000 customers in Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company [3]. - Avista's stock is traded under the ticker symbol "AVA" [3].
Toast, Southern And More On CNBC’s ‘Final Trades’ - iShares Expanded Tech-Software Sector ETF (BATS:IGV), Southern (NYSE:SO)
Benzinga· 2026-01-21 13:10
Group 1 - Ritholtz Wealth Management CEO Joshua Brown reiterated a buy action on Toast, Inc. (NYSE:TOST), noting favorable price action on Tuesday [1] - Oppenheimer analyst Rayna Kumar maintained an Outperform rating on Toast, Inc. while lowering the price target from $49 to $48 [1] - Humilis Investment Strategies CEO Brian Belski selected The Southern Company (NYSE:SO) as his final trade [1] Group 2 - Southern Company is scheduled to report fourth-quarter results on February 19, with analysts expecting earnings of 57 cents per share on revenue of $6.41 billion [2] - Liz Thomas, SoFi's head of investment strategy, expressed optimism about the iShares Expanded Tech-Software Sector ETF (NYSE:IGV), stating that the current selloff is undue and software has potential this year [2] Group 3 - Toast shares fell 2.3% to close at $32.76 on Tuesday [3] - Southern Company shares decreased by 0.1% to settle at $88.82 during the session [3] - iShares Expanded Tech-Software Sector ETF declined by 2.4% on Tuesday [3] - ProShares UltraShort 20+ Year Treasury (NYSE:TBT) gained 2.6% during the session [3]
'Follow The Money' Not The Tariff Noise, Says Expert, Spotlights This New S&P Data Center Cooling Stock Among Top Picks - Day One Biopharmaceutical (NASDAQ:DAWN)
Benzinga· 2026-01-21 09:54
Core Insights - The recent tariff noise is impacting the market, and investors are advised to focus on long-term investment themes rather than reacting to headlines [1][7] Market Performance - In 2025, markets initially fell nearly 15% by April due to tariff fears, but those who remained invested saw a 39% rebound by year-end, highlighting the importance of long-term trends [2] Investment Opportunities - Investors should prioritize long-term growth opportunities, particularly in the AI sector, with trillions expected in infrastructure investments by 2030 [3] - Comfort Systems USA Inc. (NYSE:FIX) and Duke Energy Corp. (NYSE:DUK) are highlighted as stable investment options, with Duke trading at 17X forward earnings and offering a 3.7% dividend yield [4] Promising Sectors - Aerospace and defense sectors are expected to benefit from rising global military budgets, while small-cap biotech is positioned to gain from patent cliffs and M&A activity [5] - Notable companies in these sectors include L3 Harris Technology Inc. (NYSE:LHX) in defense and Indivior PLC (NASDAQ:INDV) and Day One Biopharmaceuticals Inc. (NASDAQ:DAWN) in biotech [5] Future Market Outlook - In 2026, investors who align with their risk tolerance and "follow the money" may find attractive entry points despite ongoing market volatility [6] - Current market conditions are turbulent due to renewed tariff threats, with the S&P 500 and Nasdaq 100 both sliding around 2%, marking their worst sessions in over three months [7][8]
Why Constellation Energy Stock Tumbled on Tuesday
Yahoo Finance· 2026-01-20 22:48
Core Viewpoint - An analyst at Wells Fargo has reduced the price target for Constellation Energy from $478 to $460 per share, leading to a 4% decline in the stock price on the day of the announcement, although the analyst maintained a buy recommendation [1][2][7]. Group 1: Analyst Actions - Shahriar Pourreza of Wells Fargo cut the fair value assessment of Constellation Energy to $460 per share from $478, while still recommending the stock as a buy [2][7]. - The reduction in price target coincided with a new initiative by the Trump administration to build new power-generation capacity in the Mid-Atlantic region, which may impact energy prices [3][4]. Group 2: Market Context - The National Energy Dominance Council (NEDC) announced measures to alleviate high energy prices, which could negatively affect top producers like Constellation Energy [3][4]. - The NEDC aims to urge PJM Interconnection to make electricity more affordable and strengthen grid reliability by investing over $15 billion in reliable baseload power generation [4]. Group 3: Company Position - Constellation Energy recently completed a $26.6 billion acquisition of Calpine, which included assuming approximately $12.7 billion in debt, adding pressure during a time of potential price caps on energy [4]. - Despite the recent price target cut, Constellation remains a leading player in the nuclear energy sector, which is currently experiencing growth [5].
Here's What to Expect From Public Service Enterprise's Next Earnings Report
Yahoo Finance· 2026-01-20 14:51
Core Viewpoint - Public Service Enterprise Group Incorporated (PEG) is an energy and utility holding company with a market cap of $39.6 billion, primarily providing regulated electricity and natural gas services. The company is set to announce its fiscal Q4 earnings for 2025 soon [1]. Financial Performance - Analysts anticipate PEG will report a profit of $0.73 per share for the upcoming quarter, reflecting a 13.1% decrease from $0.84 per share in the same quarter last year. The company has exceeded Wall Street's earnings estimates in three of the last four quarters, with a notable earnings of $1.13 per share in the previous quarter, surpassing consensus estimates by 11.9% [2]. - For the current fiscal year ending in December, PEG is expected to report a profit of $4.04 per share, which is a 9.8% increase from $3.68 per share in fiscal 2024. The EPS is projected to grow further by 7.9% year-over-year to $4.36 in fiscal 2026 [3]. Stock Performance - Over the past 52 weeks, PEG's stock has declined by 10.2%, underperforming the S&P 500 Index's return of 16.9% and the State Street Utilities Select Sector SPDR ETF's increase of 10.2% during the same period [4]. - Following the Q3 results announcement, PEG's shares surged by 1%. The company's revenue increased by 22.1% year-over-year to $3.2 billion, and its adjusted EPS of $1.13 improved by 25.6% from the previous year, exceeding consensus estimates by 11.9%. The company has also narrowed its fiscal 2025 adjusted EPS guidance to between $4 and $4.06, enhancing investor confidence [5]. Analyst Ratings - Wall Street analysts maintain a "Moderate Buy" rating for PEG, with 20 analysts covering the stock. Among them, nine recommend a "Strong Buy," while 11 suggest a "Hold." The mean price target for PEG is $90.09, indicating a potential upside of 13.4% from current levels [6].
Sempra Earnings Preview: What to Expect
Yahoo Finance· 2026-01-20 14:44
Core Insights - Sempra (SRE) is valued at a market cap of $60.4 billion and operates regulated electric and natural gas utilities, with fiscal Q4 earnings for 2025 expected to be announced soon [1] Financial Performance - Analysts predict SRE will report a profit of $1.12 per share for the upcoming quarter, a decrease of 25.3% from $1.50 per share in the same quarter last year [2] - For the current fiscal year ending in December, SRE is expected to report a profit of $4.55 per share, down 2.2% from $4.65 per share in fiscal 2024, but is projected to rebound to $5.10 per share in fiscal 2026, reflecting a year-over-year growth of 12.1% [3] Stock Performance - Over the past 52 weeks, SRE has gained 10.2%, which is below the S&P 500 Index's return of 16.9% but matches the State Street Utilities Select Sector SPDR ETF's increase of 10.2% [4] - Following the Q3 results announcement, SRE's shares experienced a slight decline, despite reporting a 13.5% year-over-year revenue increase to $3.2 billion and an adjusted EPS growth of 24.7% to $1.11, surpassing analyst estimates by 19.4% [5] Analyst Ratings - Wall Street analysts maintain a "Moderate Buy" rating for SRE, with 10 out of 18 analysts recommending "Strong Buy," one suggesting "Moderate Buy," and seven indicating "Hold." The mean price target for SRE is $101, suggesting a potential upside of 9.1% from current levels [6]
Italgas downgraded to Hold from Buy at Deutsche Bank
Yahoo Finance· 2026-01-20 11:50
Deutsche Bank analyst James Brand downgraded Italgas (ITGGF) to Hold from Buy with a price target of EUR 10.30, up from EUR 10, as part of its 2026 outlook for the European utilities group. The firm cites valuation for the downgrade after doubling in Italgas’ share price. Claim 50% Off TipRanks Premium Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today’s best-performing stocks on TipRanks >> Read More on ITGGF: Disclaimer & DisclosureR ...
Entergy (ETR) – Among the Best Performing Utility Stocks in 2025
Yahoo Finance· 2026-01-20 03:09
Core Insights - Entergy Corporation (NYSE:ETR) is recognized as one of the 10 Best Performing Utility Stocks in 2025 [1] - The company serves approximately 3 million utility customers across Arkansas, Louisiana, Mississippi, and Texas [2] Analyst Ratings and Price Targets - TD Cowen analyst Shelby Tucker initiated coverage of Entergy with a 'Buy' rating and a price target of $108, suggesting a 12% upside from current levels, with expected EPS growth of 10.5% through the end of the decade [3] - Argus raised its price target for Entergy from $94 to $100 while maintaining a 'Buy' rating, highlighting industrial sales as the primary growth driver for the company in Q3 2025 [4] Dividend and Investment Potential - Entergy boasts an annual dividend yield of 2.71% and has been included in a list of 11 Energy Stocks recommended for a Retirement Stock Portfolio [5]