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IHT FISCAL FIRST THREE QUARTER HOTEL REVENUES EXCEED $5.8 MILLION; IBC DIVERSIFICATION GAINS MOMENTUM
Globenewswire· 2025-12-15 22:29
Core Insights - InnSuites Hospitality Trust (IHT) reported hotel revenue exceeding $5.8 million for the first three fiscal quarters of 2026, with total revenue approximately $5,809,673 [1] - The consolidated net income before non-cash expenses was approximately break-even at -$48,000 for the same period [2] - IHT's hotel operations showed strong performance in the 2025 fiscal year, contributing to a solid revenue total of $6,309,673 for the first ten months of fiscal year 2026 [3] Financial Performance - Hotel revenue for the first three fiscal quarters of 2026 was over $5.8 million, indicating consistent performance [1] - The combined hotel revenue for November was approximately $550,000, marking the second highest for that month [3] - IHT has maintained profitability in three of the last four fiscal years, despite significant non-cash expenses [10] Management and Strategic Developments - RRF LLLP, the management company for IHT, has taken over management of InnDependent Boutique Collection (IBC Hotels), presenting a new diversification opportunity [4][7] - IHT recognized a need for hotel services for independent hotels and founded IBC Hotels, LLC in 2014 to address this gap [5] - The management company has a five-year option to purchase IBC Hotels, which could provide valuable opportunities for IHT [7] Investment and Diversification - IHT made a diversification investment in UniGen Power, Inc., focusing on clean energy generation, with potential for significant returns [8] - The demand for electricity is projected to double over the next five years, driven by data centers and electric vehicles [8] - IHT holds convertible bonds and warrants in UniGen, which could lead to a 15-20% ownership stake if fully exercised [9] Shareholder Engagement - IHT has extended its uninterrupted annual dividends to 55 years, with successful semi-annual dividends paid in 2025 [11] - The annual shareholder meeting saw over 95% approval for all ballot measures, including the re-election of board members [11]
Clearway Energy Inc. (CWEN): Roth Capital Bullish on This Clean Energy Stock
Yahoo Finance· 2025-10-08 10:36
Core Insights - Clearway Energy Inc. (NYSE:CWEN) is recognized as one of the 12 most promising clean energy stocks by Wall Street analysts [1][2] Company Overview - Clearway Energy operates in the clean energy generation sector in the United States, with a portfolio of approximately 11.8 GW of gross capacity across 26 states [2] - The company's assets include around 9 GW of wind, solar, and battery energy storage systems, and approximately 2.8 GW of dispatchable combustion-based power generation assets [2] Recent Developments - The company announced plans to sell $100 million of stock to support general business needs, partnering with major financial institutions such as Morgan Stanley and JP Morgan [2] - On October 6, Roth Capital analyst Justin Clare raised the price target for CWEN from $36 to $38, maintaining a Buy rating [3] - Clearway Energy has entered a binding agreement to acquire a 613 MW operational solar portfolio from Deriva Energy, expected to close by Q2 2026, which will contribute an average annual cash available for distribution (CAFD) of about $27 million [3] - The acquisition implies a greater than 12% CAFD yield on $210 million to $230 million of long-term corporate capital, indicating an attractive investment opportunity [3]
Clearway Energy, Inc. Announces $100,000,000 At-The-Market (ATM) Equity Offering Program
Globenewswire· 2025-08-06 11:34
Core Viewpoint - Clearway Energy, Inc. has announced a $100 million At-The-Market equity offering program to raise capital for general corporate purposes, including debt repayment, working capital, and investments [1][3]. Group 1: Equity Offering Details - The company will offer shares of its Class C common stock through an Equity Distribution Agreement with major financial institutions including Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, and Wells Fargo Securities [1]. - The shares will be sold at market prices on the New York Stock Exchange, with an aggregate sales price of up to $100 million [1][4]. - The offering is made under a prospectus supplement dated August 6, 2025, linked to the company's shelf registration statement effective since August 8, 2023 [2]. Group 2: Use of Proceeds - The net proceeds from the equity offering will be utilized for general corporate purposes, which may include repayment or refinancing of debt, funding working capital, capital expenditures, and potential acquisitions [3]. - The company may also invest any immediate surplus funds in marketable securities and short-term investments [3]. Group 3: Company Overview - Clearway Energy, Inc. is a significant owner of clean energy generation assets in the U.S., with a portfolio of approximately 12 GW of gross capacity across 27 states [5]. - The portfolio includes around 9.2 GW of wind, solar, and battery energy storage systems, and approximately 2.8 GW of dispatchable combustion-based power generation assets [5]. - The company aims to provide stable and growing dividend income to its investors through its diversified and primarily contracted portfolio [5].