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Meta Platforms Is Going Nuclear to Power its AI Technologies
The Motley Fool· 2025-06-04 07:18
Meta Platforms (META -0.54%) is building artificial intelligence (AI) technologies that have the power to transform the global economy. This powerful technology requires a tremendous amount of energy to thrive. Some AI data centers use more electricity than an entire city. That's leading Meta Platforms to ensure it has the energy it needs to run its cloud and AI operations by signing power purchase agreements (PPAs) with major clean energy producers. It recently inked a 20-year deal with Constellation Energ ...
Maxim Power Corp. Announces Annual General and Special Meeting Election Results
Globenewswire· 2025-06-04 00:15
Group 1 - Maxim Power Corp. announced the results of its 2025 annual general and special meeting of shareholders, where directors were elected to hold office until the next annual meeting [1] - The elected directors received high approval rates, with Michael Mayder receiving 99.98% of votes in favor, while the lowest was M. Bruce Chernoff with 99.31% [1] - The meeting also approved unallocated stock options under the Corporation's Stock Option Plan until June 3, 2028, with 98.64% of votes in favor [1] Group 2 - Maxim Power Corp. is one of Canada's largest independent power producers, focusing on power projects in Alberta [2] - The core asset of the company is the 300 MW H.R. Milner Plant, a combined cycle gas-fired power plant that began operations in Q4 2023 [2] - The company is exploring additional development options, including a permitted gas-fired generation project and a wind power generation project [2]
Constellation Energy美股盘前涨超10%
news flash· 2025-06-03 10:36
Constellation Energy美股盘前涨超10%,有消息称META将从Constellation购买用于数据中心的核能。 ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Hallador Energy Company - HNRG
GlobeNewswire News Room· 2025-06-02 17:22
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Hallador Energy Company and its officers or directors [1] Group 1: Company Developments - On May 23, 2025, Hallador announced the termination of its exclusivity agreement with a datacenter developer regarding a potential power supply deal, leading to ongoing discussions for a new exclusivity period and evaluations of opportunities with other parties [3] - Following the announcement, Hallador's stock price decreased by $1.38 per share, or 7.33%, closing at $17.45 per share on the same day [3] Group 2: Legal Investigation - Pomerantz LLP is actively seeking claims from investors of Hallador Energy Company, indicating a serious investigation into possible securities fraud [1] - The firm is recognized for its expertise in corporate, securities, and antitrust class litigation, having a long history of recovering significant damages for victims of securities fraud [4]
NPWR Shareholders Have the Right to Lead the NET Power, Inc. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - NPWR
Prnewswire· 2025-06-02 10:08
Core Viewpoint - A class action lawsuit has been filed against NET Power, Inc. for alleged violations of federal securities laws, specifically regarding misleading statements about Project Permian's completion timeline and budget [1] Group 1: Lawsuit Details - The lawsuit claims that NET Power made false and misleading statements about the likelihood of completing Project Permian on time and within budget due to supply chain issues and site-specific challenges [1] - The company's projections regarding the time and financial resources needed for Project Permian were deemed unrealistic [1] - Delays and cost overruns associated with Project Permian are expected to negatively impact the company's financial results and overall business [1] Group 2: Shareholder Information - Shareholders who purchased NET Power's securities between June 9, 2023, and March 7, 2025, are encouraged to contact the DJS Law Group before June 17, 2025, to participate in the lawsuit [1][2]
SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of NET Power
Prnewswire· 2025-05-31 12:30
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against NET Power Inc. due to allegations of misleading statements regarding Project Permian's timeline and costs, which have led to significant stock price declines for the company [2][4]. Group 1: Allegations and Financial Impact - The complaint alleges that NET Power and its executives violated federal securities laws by making false statements about the completion schedule and costs of Project Permian, which were impacted by supply chain issues and site-specific challenges [4]. - NET Power's stock price fell by $2.47 per share, or 18.54%, to close at $10.85 per share on November 14, 2023, following the announcement of a significant delay in the project timeline [6]. - On March 10, 2025, NET Power announced that the total installed cost for Project Permian is now estimated to be between $1.7 billion and $2.0 billion, up from a previous estimate of $1.1 billion, and the project is now expected to come online no earlier than 2029, causing the stock price to drop by $2.18 per share, or 31.46%, to close at $4.75 per share [7]. Group 2: Management Changes and Further Declines - Following the announcement of executive departures, including the President and COO, NET Power's stock price fell by $0.13 per share, or 5.75%, to close at $2.13 per share on April 16, 2025 [8]. - The firm encourages investors who suffered losses to contact them directly to discuss their legal options and reminds them of the June 17, 2025 deadline to seek the role of lead plaintiff in the class action [2][10].
Argan Powers The Grid Behind The AI Boom
Seeking Alpha· 2025-05-30 17:52
Group 1 - Argan Inc. (NYSE: AGX) has recently achieved impressive results, with its stock value nearly tripling over the past 12 months, reaching a record price [1] - The company specializes in building power plants and industrial facilities, indicating a focus on infrastructure development [1] Group 2 - The article highlights the characteristics of companies that are attractive for investment, including growth in revenue, earnings, and free cash flow, as well as excellent growth prospects and favorable valuations [1] - Preference is given to steadily growing companies with high free cash flow margins, dividend stocks, and those with generous share repurchase programs [1]
Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. as of and for the Three Months Ended March 31, 2025
Globenewswire· 2025-05-30 10:45
Core Viewpoint - Ellomay Capital Ltd. reported its indirect share in Dorad Energy Ltd.'s financial results for the three months ended March 31, 2025, highlighting its 9.4% ownership through Ellomay Luzon Energy [1][3]. Financial Performance - Dorad's revenues for the three months ended March 31, 2025, were approximately NIS 610.6 million, with an operating profit of approximately NIS 76.9 million [7][15]. - The financial results indicate that Dorad's electricity demand is seasonal, with higher consumption during winter and summer months, affecting revenue and operational performance [4]. Financial Statements Overview - The financial statements of Dorad were prepared in accordance with International Financial Reporting Standards and will be included in Ellomay's financial results for the period [3]. - Dorad's total assets as of March 31, 2025, were approximately NIS 4.67 billion, with total liabilities of approximately NIS 2.31 billion and total equity of approximately NIS 1.67 billion [12][14]. Cash Flow Analysis - For the three months ended March 31, 2025, Dorad reported net cash from operating activities of approximately NIS 190.1 million, with a net increase in cash and cash equivalents to approximately NIS 1.03 billion [19][20]. Company Background - Ellomay Capital Ltd. focuses on renewable energy and power sectors in Europe, the USA, and Israel, with significant investments in solar power and other renewable projects [6][8].
The Gross Law Firm Reminds NET Power, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 17, 2025 – NPWR
GlobeNewswire News Room· 2025-05-29 16:21
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NET Power, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during the class period from June 9, 2023, to March 7, 2025 [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and various site-specific challenges [3]. - It is claimed that the projections regarding the time and capital needed to complete Project Permian were unrealistic [3]. - The increased time and capital requirements for Project Permian are expected to negatively impact the company's business and financial results [3]. - As a result, the public statements made by the defendants were materially false and misleading throughout the relevant period [3]. Class Action Details - The class period for the lawsuit is defined as June 9, 2023, to March 7, 2025 [3]. - Shareholders are encouraged to register for the class action by June 17, 2025, to potentially be appointed as lead plaintiffs [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who incurred losses from misleading statements or omissions that led to artificial inflation of stock prices [5].
Capital Power Announces Closing of US$1.2 Billion of Senior Notes
Globenewswire· 2025-05-28 20:30
Core Viewpoint - Capital Power Corporation has successfully closed a private offering of US$700 million in senior notes due 2028 and US$500 million in senior notes due 2035 to fund acquisitions and future growth opportunities [1][2] Group 1: Offering Details - The offering includes US$700 million of 5.257% senior notes due 2028 and US$500 million of 6.189% senior notes due 2035, issued by Capital Power (US Holdings) Inc., a wholly-owned subsidiary [1] - The notes are guaranteed by Capital Power and its subsidiaries that guarantee the company's revolving credit facilities [1] Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund a portion of the acquisition of Hummel Station, LLC, which owns a 1,124 MW natural gas facility, and Rolling Hills Generating, L.L.C., which owns a 1,023 MW combustion turbine natural gas facility [2] - If the acquisition is not completed by January 15, 2026, or any later agreed date, the proceeds will be used for a special mandatory redemption and to finance future growth opportunities, including acquisitions and capital development expenditures [2] Group 3: Company Overview - Capital Power is a growth-oriented power producer with approximately 10 GW of power generation capacity across 30 facilities in North America [10] - The company focuses on delivering reliable and affordable power while building lower-carbon power systems [10]