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Edison Utility Defeats Shareholder Lawsuit Over LA Wildfires
Insurance Journal· 2026-03-09 15:58
The parent company of Southern California Edison won the dismissal of a lawsuit alleging it defrauded shareholders prior to the January 2025 Los Angeles-area wildfires by assuring it had significantly reduced the risk of losses from such catastrophes.Shareholders accused Edison International of being “structurally unable” to address extreme weather events and safely implement its Public Safety Power Shutoff program, a last-resort measure to shut down power lines when fire risks grow too high. Related: State ...
Edison utility defeats shareholder lawsuit over LA wildfires
Reuters· 2026-03-09 14:36
The parent company of Southern California Edison won the dismissal of a lawsuit alleging it defrauded shareholders prior to the January 2025 Los Angeles-area wildfires by assuring it had significant... ...
Alliant Energy: Grow Your Income With This Durable Utility (NASDAQ:LNT)
Seeking Alpha· 2026-03-09 12:00
iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.It pays to have a defensively positioned portfolio, as downside protection matters more than upside potential in trying times. With the price of oil surging ...
Vistra (VST) Expands Virtual Power Plant in Texas With Enphase Energy (ENPH)
Yahoo Finance· 2026-03-09 11:46
Vistra Corp. (NYSE:VST) is one of the cheap stocks that will go to the moon according to Reddit. On March 5, Vistra announced an expansion of its residential virtual power plant/VPP in Texas by integrating Enphase Energy’s (NASDAQ:ENPH) IQ Batteries into its Battery Rewards program. Managed through its flagship retail brand, TXU Energy, this initiative allows homeowners with Enphase battery systems to export stored power to the grid during periods of peak demand. The program is designed to strengthen grid ...
Dividend Kings List: Top 15 Stocks
Insider Monkey· 2026-03-08 22:47
In this article, we will take a look at the Dividend Kings List: Top 15 Stocks.Dividend Kings are a small group of companies that have raised their dividends for at least 50 consecutive years. Stocks like these have remained popular with investors for a simple reason. Over long market cycles, companies that pay dividends have often delivered stronger long-term returns than businesses that do not. They also tend to carry lower risk. Regular dividend payments usually reflect steady cash flow and disciplined f ...
BMO Raises Alliant Energy Corporation (LNT) Target to $78, Maintains Outperform
Yahoo Finance· 2026-03-08 15:31
Group 1 - BMO Capital raised the price target for Alliant Energy Corporation (LNT) from $72 to $78 while maintaining an Outperform rating, following the company's Q4 results [1] - Wells Fargo also increased its price target for Alliant Energy Corporation from $71 to $75, maintaining an Overweight rating, citing solid updates and attractive data center growth [2] - CNN reported that 7 out of 14 analysts covering Alliant Energy Corporation have a Buy rating, with a 1-year average price target indicating a 3.73% upside potential as of March 5, 2026 [3] Group 2 - Alliant Energy Corporation is a public utility holding company founded in 1917, serving the American Midwest from its headquarters in Wisconsin [3]
Top 2 Growth Stocks to Buy After Nvidia's Latest Sell-Off
The Motley Fool· 2026-03-08 14:27
Group 1: Nvidia Earnings and Market Reaction - Nvidia reported strong earnings on February 26, but the stock dropped over 9% from its pre-earnings level by February 27, indicating market concerns despite positive financial results [1] - Investors are shifting focus from near-term results to the sustainability of AI capital expenditures and are worried about rising competitive pressures as hyperscalers and enterprises transition from AI training to inference [3] Group 2: Constellation Energy Overview - Constellation Energy has become one of the largest electricity producers in the U.S. after acquiring Calpine, now operating 55 gigawatts of generation capacity and serving nearly 2.5 million customers [5] - The company has signed a 20-year purchase agreement with Meta Platforms for 1,121 megawatts of nuclear energy, expected to begin deliveries in June 2027, enhancing long-term revenue visibility [6] - Constellation Energy also has a 20-year agreement with Microsoft to support the restart of Three Mile Island Unit 1, adding over 800 megawatts of carbon-free electricity to the grid by 2028 [7] Group 3: Financial Performance of Constellation Energy - In the fourth quarter of fiscal 2025, Constellation Energy reported revenue of $6.07 billion, exceeding the consensus estimate of $5.6 billion, with adjusted earnings per share of $2.30, surpassing the estimate of $2.25 [10] - The company benefits from rising capacity payments and wholesale electricity prices, which are crucial for its earnings when selling electricity in competitive markets [9] Group 4: GE Vernova Overview - GE Vernova is a global power and electrification company that has a significant role in electricity generation and is benefiting from increasing power demand driven by data centers and electrification [12] - The company ended 2025 with a contractual backlog of $150 billion, up 25% year over year, with a $64 billion equipment backlog, reflecting strong order growth [13] Group 5: Financial Performance of GE Vernova - GE Vernova generated $38 billion in revenues and $3.7 billion in free cash flow in fiscal 2025, with guidance for revenue between $44 billion and $45 billion and free cash flow between $5 billion and $5.5 billion for fiscal 2026 [16] - The shares trade at nearly 37.4 times forward earnings, which is considered steep, but the strong backlog and improving margins make the stock attractive [17]
13 Best Defensive Dividend Stocks for 2026
Insider Monkey· 2026-03-06 22:51
Market Overview - The stock market is showing concerning signals, with a noticeable split in sector performance, where consumer staples and energy stocks gained over 10%, while financials and technology stocks declined [2] - Historical data indicates that similar divergences occurred in 1990 and 2000, leading to average declines of 6.9% in the S&P 500 over the following two quarters [2] - The market has lost momentum, trading in a narrow range with unhealthy sector rotation, as energy stocks climbed nearly 23% and consumer staples rose almost 15% since the start of the year [3] Future Expectations - Despite current signals, there is an expectation for the market to finish the year higher, with potential Federal Reserve interest rate cuts and corporate earnings growth of at least 10% anticipated [4] - Technology stocks are expected to lead the next market rally, but they have not yet shown signs of recovery, with the S&P 500 technology sector down over 4% for the year [5] Company-Specific Developments Nomad Foods Limited (NYSE:NOMD) - Mizuho lowered its price recommendation for Nomad Foods to $13 from $15, citing a disappointing outlook and reduced estimates following the latest earnings report [10] - The company reported a 0.7% year-over-year increase in retail sales for Q4, with cash generation allowing €287 million returned to shareholders, a 38% increase from 2024 [12] - Fiscal 2026 is expected to be a transition year with plans to strengthen operations and improve performance [12] Brown-Forman Corporation (NYSE:BF-B) - Morgan Stanley downgraded Brown-Forman's price recommendation to $27 from $29, citing structural headwinds in the alcohol industry [14] - The company reported a 2% decline in net sales for the first nine months of fiscal Q2 2026, although international markets grew by 15% [15] Cal-Maine Foods, Inc. (NASDAQ:CALM) - Cal-Maine announced the acquisition of Creighton Brothers LLC for approximately $128.5 million, funded with cash on hand [18] - The acquisition includes commercial shell egg production facilities and is expected to integrate into Cal-Maine's existing operations [21] Diamondback Energy, Inc. (NASDAQ:FANG) - Benchmark downgraded Diamondback Energy to Hold, citing valuation concerns and unremarkable fourth-quarter results [22] - The company has committed to returning at least 50% of quarterly free cash flow to shareholders, with $892 million returned through dividends and buybacks [23] The Estée Lauder Companies Inc. (NYSE:EL) - The Estée Lauder Companies announced plans to acquire the remaining interests in Forest Essentials, reflecting confidence in the brand's strength and growth potential [26] - The acquisition is expected to close in the second half of 2026, with Forest Essentials projected to generate low double-digit sales growth [28] Duke Energy Corporation (NYSE:DUK) - Evercore ISI downgraded Duke Energy to In Line, lowering its price target to $139 from $143, while maintaining a positive long-term growth outlook [31] - The company is guiding for annual EPS growth of 5%-7%, supported by an expanding rate base [32] Target Corporation (NYSE:TGT) - Mizuho raised its price recommendation for Target to $120 from $100, following a positive investor day that outlined a path to profitable growth [35] - The company plans to open over 30 new stores in 2026, supported by a $5 billion capital investment plan aimed at enhancing the in-store experience [37] Starbucks Corporation (NASDAQ:SBUX) - DA Davidson initiated coverage of Starbucks with a Neutral rating and a $97 price target, citing uncertainty in margin recovery [39] - The company plans to open a new office in Nashville, Tennessee, to support its supply chain management across North America [40]
Jobs Crash, War Flares: Smart Money Hides In These Stocks
Benzinga· 2026-03-06 21:01
February's shocking jobs report, Iran war headlines and AI jitters are steering money into classic defensives like healthcare, energy majors, consumer staples giants and even cash‑rich AI leaders.RTX stock is moving. See the chart and price action here. Jobs Shock Meets War and AI FearsThe U.S. economy lost 92,000 nonfarm jobs in February, with unemployment ticking up to 4.4%, underscoring a softer labor market just as markets confront a Middle East war and questions about an AI bubble. The mix of weakening ...
Algonquin Power & Utilities Q4 Earnings Call Highlights
Yahoo Finance· 2026-03-06 19:08
New CFO Robert Stefani, who joined in early January, detailed a significant year-over-year improvement in reported profitability. Algonquin posted full-year GAAP net earnings of $208 million, compared with $54.8 million in 2024. Adjusted net earnings rose to $258.8 million from $221.6 million, a roughly 17% increase. In the fourth quarter, GAAP net earnings were $29.4 million versus a net loss of $110.2 million in the prior-year quarter.West said operating expense as a percentage of gross revenue improved t ...