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NPWR Deadline: NPWR Investors with Losses in Excess of $100K Have Opportunity to Lead NET Power Inc. Securities Fraud Lawsuit
Prnewswire· 2025-06-13 20:49
Core Viewpoint - Rosen Law Firm is reminding investors who purchased NET Power Inc. securities between June 9, 2023, and March 7, 2025, of the upcoming lead plaintiff deadline on June 17, 2025, for a class action lawsuit [1] Group 1: Class Action Details - Investors who bought NET Power securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 17, 2025 [2] - The lawsuit alleges that NET Power made false and misleading statements regarding Project Permian, including the likelihood of project completion on schedule and the associated costs [3] Group 2: Allegations Against NET Power - The lawsuit claims that NET Power was unlikely to complete Project Permian on time and that the project would be significantly more expensive due to supply chain issues and site-specific challenges [3] - Defendants' projections regarding the time and capital needed for Project Permian were deemed unrealistic, which could negatively impact NET Power's business and financial results [3] - The public statements made by the defendants were materially false and misleading, leading to investor damages when the true details became known [3] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has recovered hundreds of millions of dollars for investors [4] - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4]
NPWR FINAL DEADLINE: ROSEN, A LEADING LAW FIRM, Encourages NET Power Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 17 Deadline in Securities Class Action – NPWR, NPWR.WS
GlobeNewswire News Room· 2025-06-13 17:44
NEW YORK, June 13, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of NET Power Inc. (NYSE: NPWR, NPWR.WS) between June 9, 2023 and March 7, 2025, both dates inclusive (the “Class Period”), of the important June 17, 2025 lead plaintiff deadline. SO WHAT: If you purchased NET Power securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WH ...
Is AI-driven Power Demand Aiding GE Vernova's Gas Power Business?
ZACKS· 2025-06-12 14:06
Key Takeaways GE Vernova's gas turbine orders rose 11.8% year over year, lifting its equipment backlog to 29 GW. GEV's Gas Power revenues jumped 17.7% in Q1 2025, aided by rising AI and data center energy demand. GEV secured major 7HA turbine deals with Duke Energy and Chevron, boosting future power capacity.The growth of artificial intelligence (AI) and cloud computing has been significantly increasing electricity consumption of late, especially in hyperscale data centers worldwide. Surging electricity c ...
Stock Of The Day: Is NRG Energy Losing Steam? Chart Pattern Signals Trouble Ahead
Benzinga· 2025-06-11 20:20
Shares of NRG Energy, Inc. NRG came back a little on Wednesday, but they are still in a downtrend.We have made NRG our Stock of the Day. On the chart, a classic double-top pattern has formed, suggesting the shares may be about to head lower.Chart patterns are graphical illustrations of the trading and price action occurring in a market. When the leadership changes from the bulls to the bears, the action can manifest itself on the chart as what analysts call reversal patterns.One of these is the double top.A ...
Will NRG's Acquisition and Capital Expenditure Set New Growth Path?
ZACKS· 2025-06-11 16:56
Core Insights - NRG Energy's $12 billion acquisition of LS Power's 12.9 GW natural gas portfolio significantly enhances its generation capacity to over 25 GW, positioning the company as a major player in U.S. power generation [2][9] - The acquisition allows NRG to better meet increasing electricity demands driven by AI data centers and rising commercial and industrial needs [2] - NRG plans to invest $1.3 billion annually through 2029 in generation optimization and grid reliability solutions, focusing on modernizing its gas fleet and supporting long-duration dispatchable capacity [3][9] - The company aims for a $3.7 billion debt reduction over the next 24-36 months to strengthen its balance sheet while targeting net-zero emissions by 2050 [4][9] Financial Performance - NRG Energy's return on equity (ROE) is currently better than the industry average, indicating efficient use of shareholder funds [8] - The company is trading at a premium with a forward 12-month P/E ratio of 18.73 compared to the industry average of 15.17 [11] - Earnings estimates for NRG indicate a year-over-year increase of 9.64% in 2025 and 20.33% in 2026, reflecting positive growth expectations [13]
NRG Energy Used This Accounting Trick to Make Its Earnings Look Less Volatile
WSJ· 2025-06-11 09:30
Core Viewpoint - NRG Energy has experienced significant stock price volatility due to its large derivatives-trading operation, which has led to a complex earnings situation for the company [1]. Group 1: Company Performance - NRG Energy's stock has increased by 65% year-to-date, making it one of the biggest gainers in the S&P 500 [1]. - The company's current trading valuation is at 23 times its trailing earnings [1]. Group 2: Accounting Changes - An accounting change implemented late last year allows NRG to smooth its earnings results, effectively masking some of the volatility associated with its derivatives trading [1]. - This accounting adjustment presents a dilemma for investors, as it complicates the assessment of the company's true financial performance [1].
India Power Generation Engines Industry Report 2025: $1.7 Bn Market Trends, Regional insights, Competition, Forecast & Opportunities, 2021-2031 - Cummins and Mahindra Leading Innovations
GlobeNewswire News Room· 2025-06-10 13:37
Core Insights - The India Power Generation Engines Market is projected to grow from USD 1.20 Billion in 2025 to USD 1.70 Billion by 2031, with a CAGR of 5.81% driven by increasing energy demands from urbanization and industrialization [2][11]. Market Overview - The market is experiencing robust expansion due to rising energy demands across residential, commercial, and industrial sectors, with power generation engines being essential for converting energy into electricity [2][3]. - Technological advancements are improving engine performance and environmental compliance, supporting the shift towards sustainable energy solutions [3]. Demand Drivers - Rapid industrialization and urbanization in India are major factors driving the demand for power generation engines, particularly in sectors like IT, construction, and manufacturing [4]. - The urban population is expected to exceed 600 million by 2030, with energy use projected to grow by 8% in 2024, indicating long-term growth potential for the market [5]. Environmental Regulations - The market faces challenges related to environmental impact, particularly from traditional diesel and coal-fueled engines, which contribute to air pollution [6][7]. - Stricter emission regulations, such as Bharat Stage VI (BS-VI) norms, require manufacturers to invest in cleaner technologies, increasing production costs and posing challenges for smaller firms [8]. Shift to Natural Gas - There is a significant trend towards the adoption of natural gas engines, driven by environmental awareness and regulatory pressures, as these engines emit fewer pollutants and reduce operational costs [9][10]. - Government support for city gas distribution and the availability of LNG and CNG are facilitating this transition, making natural gas engines a preferred choice for industries [10]. Key Market Players - Major players in the India Power Generation Engines Market include Cummins India Limited, Kirloskar Oil Engines Limited, Mahindra Powerol, Ashok Leyland Limited, Caterpillar India Pvt. Ltd., Siemens India Limited, Greaves Cotton Limited, and Tata Motors Limited [15].
Long Ridge Energy LLC Announces Timing of First Quarter 2025 Earnings Conference Call
GlobeNewswire News Room· 2025-06-09 20:03
Company Overview - Long Ridge Energy LLC (LRE) is part of Long Ridge Energy & Power LLC (LREP), which is a wholly owned portfolio company of FTAI Infrastructure, Inc. [1] - LRE operates a 485 MW combined cycle power plant and natural gas wells in Southeastern Ohio and West Virginia [3]. Financial Information - LRE completed the incurrence of $1 billion in new debt, which includes $600 million of Senior Secured Notes and a $400 million Term Loan B, both due in 2032 [1]. - The first quarter 2025 financial statements and an investor presentation will be posted on the company's website prior to the earnings call [2]. Conference Call Details - The investor call is scheduled for June 12, 2025, at 10:00 AM EDT, and will be accessible via registration [1]. - A simultaneous webcast will be available for public listening [2]. - A replay of the conference call will be available from June 12, 2025, at 12:00 PM until June 20, 2025, at 12:00 PM [3]. Infrastructure and Development - LREP is developing additional opportunities for data centers on its property, utilizing access to the PJM grid [3]. - The company also provides commodity transloading and storage services due to its location along the Ohio River [3]. Parent Company Information - FTAI Infrastructure focuses on investing in critical infrastructure sectors, generating strong cash flows and potential for earnings growth [4].
Capital Power completes acquisition of the Hummel and Rolling Hills facilities in PJM for US$2.2 billion (CAD ~$3.0¹ billion)
Globenewswire· 2025-06-09 16:39
EDMONTON, Alberta, June 09, 2025 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power” or the “Company”) is pleased to announce the closing today of the previously announced acquisition of 100% of the equity interests in: Hummel Station, LLC (“Hummel”), owner of the 1,124MW Hummel combined cycle natural gas facility in Shamokin Dam, Pennsylvania (the “Hummel Acquisition”); andRolling Hills Generating, LLC (“Rolling Hills”), owner of the 1,023MW Rolling Hills plant, a combustion turbine n ...
Why NRG Energy (NRG) is a Top Growth Stock for the Long-Term
ZACKS· 2025-06-09 14:50
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks ...