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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]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Hallador Energy Company - HNRG
GlobeNewswire News Room· 2025-06-02 17:22
NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Hallador Energy Company (“Hallador” or the “Company”) (NASDAQ: HNRG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Hallador and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May ...
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]
If I Could Buy Only 1 High-Yield Dividend Stock in June, This Would Be It
The Motley Fool· 2025-06-01 22:04
Core Viewpoint - Brookfield Renewable is highlighted as a top dividend stock for June due to its high yield and strong financial fundamentals [1] Group 1: Dividend Yield and Financial Stability - Brookfield Renewable's shares are currently over 15% below their 52-week high, resulting in a dividend yield exceeding 5%, significantly higher than the S&P 500's yield of less than 1.5% [3] - The company supports its high dividend payout with durable cash flows, selling about 90% of its power under long-term, fixed-rate power purchase agreements (PPAs) with an average remaining term of 14 years, with 70% of revenue indexed to inflation [4] - Brookfield has a strong investment-grade balance sheet, further supporting its high-yielding payout [4] Group 2: Historical Dividend Growth - Brookfield Renewable has a solid track record of dividend payments, growing its payout at a 6% compound annual rate since 2001 and increasing its dividend by at least 5% for the last 14 years [5] Group 3: Future Growth Prospects - The company aims to grow its high-yielding dividend at an annual rate of 5% to 9%, supported by inflation-linked PPAs expected to grow funds from operations (FFO) per share by 2% to 3% annually [6] - Brookfield anticipates additional FFO per share growth of 2% to 4% from locking in higher rates on new PPAs as legacy contracts expire [7] - The company plans to commission 8 gigawatts (GW) of new renewable power capacity this year, with a target of a 10 GW annual run rate by 2027, contributing an additional 4% to 6% to FFO per share each year through at least 2030 [7] Group 4: Capital Recycling and Acquisitions - Brookfield regularly recycles capital by selling mature assets and reinvesting in higher-return opportunities, recently generating almost three times its invested capital from the sale of its interest in First Hydro [8] - The company also sold a 25% stake in its Shepherds Flat wind farm for nearly two times its invested capital and completed acquisitions of European renewable energy developer Neoen and National Grid's U.S. renewable energy platform, which can further enhance FFO per share [9] Group 5: Total Return Potential - Brookfield Renewable is positioned to grow its FFO per share at a rate exceeding 10% annually for the foreseeable future, with growth visibility extending through the end of the decade and potentially as far as 2034 [10] - With a dividend yield of 5% and earnings growth projected at over 10% annually, Brookfield could achieve total annual returns above 15%, making it an attractive investment option [12]
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
NEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of NET Power, Inc. (NYSE: NPWR). Shareholders who purchased shares of NPWR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/net-power-inc-loss-submission-form/?id=150528&from=3 CLASS PERIOD: June 9, 2023 to Ma ...
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]
720研究:美团、Varun Beverages、比亚迪、TDK、携程、三井不动产
Goldman Sachs· 2025-05-28 05:00
27 May 2025 | 7:28AM HKT The 720: Meituan, Varun Beverages, BYD, TDK, Trip.com, Mitsui Fudosan In Focus | Meituan Meituan - 1Q25 review: Solid 1Q profit beat; Aggressively defending leadership – Buy. We expect a mixed reaction to Meituan's solid 1Q beat despite stronger-than-expected 1Q core local commerce profits (our first take) due to the step-up in food delivery competitive landscape since 2Q that has driven elevated food delivery subsidies (especially since May for Meituan) with substantial impact on M ...