The writedown is one of the largest financial hits suffered by a carmaker to date - Scott Olson/Getty Images Ford will take a $19.5bn (£14.5bn) hit after cutting back electric vehicle (EV) production because of a slump in demand from drivers. The US car giant said it was scrapping plans to invest significant sums into EVs in future, including the production of large battery-powered pickup trucks, after “lower than expected” uptake cost the Detroit carmaker billions in losses. Instead, it will plough mo ...

The facility is expected to generate approximately 857.6 GWh of clean electricity annually, enough to power nearly 300,000 UK homes. Over its lifetime, the project will prevent more than 15 million tonnes of CO emissions and is expected to create around 1,250 jobs during the construction phase. The Tillbridge project will deliver benefits both nationally and locally, helping to increase the UK's supply of reliable, secure, and low-carbon energy while offering environmental enhancements and community benefit ...

Core Insights - PG&E Corporation (PCG) is benefiting from systematic investments in infrastructure improvements and clean energy initiatives, enhancing service reliability and positioning itself as a strong investment in the Utility-Electric Power industry [1] Growth Outlook & Surprise History - The Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) has increased by 2.6% to 39 cents over the past 60 days [2] - The revenue estimate for 2025 is projected at $26.06 billion, indicating a year-over-year growth of 6.72% [2] - PCG's long-term earnings growth rate is estimated at 15.89%, with an average earnings surprise of 0.5% over the last four quarters [2] Dividend History - PCG has consistently increased shareholder value through dividends, currently paying a quarterly dividend of 2.5 cents per share, leading to an annualized dividend of 10 cents [3] - The current dividend yield stands at 0.64%, which is lower than the Zacks S&P 500 composite average of 1.10% [3] Capital Investment and Clean Energy Plan - The company plans to invest $12.9 billion in 2025 and an additional $73 billion from 2026 to 2030, targeting a 10% earnings growth for 2025 and a long-term annual growth rate of at least 9% during 2026-2030 [4] - PG&E aims to achieve 90% of retail energy sales from renewable and zero-carbon sources by 2035, supported by its investment in battery energy storage [5] Return on Equity - PCG's Return on Equity (ROE) is currently at 11.10%, surpassing the industry average of 9.64%, indicating efficient utilization of shareholders' funds [6] Solvency - The times interest earned (TIE) ratio for PCG at the end of the third quarter of 2025 was 1.8, reflecting the company's ability to meet long-term debt obligations [7] Share Price Performance - Over the past three months, PCG's shares have increased by 4.4%, although this is below the industry's growth of 7.7% [10] Other Stocks to Consider - Other top-ranked stocks in the same industry include Dominion Energy, Inc. (D), Edison International (EIX), and CenterPoint Energy, Inc. (CNP), all carrying a Zacks Rank 2 [11][12]

Core Insights - Canadian Solar Inc. reported third-quarter revenue of $1.5 billion, exceeding Wall Street expectations and reaching the upper end of its guidance range [2] - The company achieved record battery energy storage shipments of 2.7 GWh, significantly above prior guidance [3] - Adjusted earnings per share were a loss of $0.58, missing the consensus estimate of a $0.42 loss, despite an improved gross margin of 17.2% [2] Financial Performance - Quarterly revenue of $1.5 billion surpassed analysts' forecasts of $1.37 billion [2] - Adjusted earnings per share were a loss of $0.58, compared to the expected loss of $0.42 [2] - Gross margin improved to 17.2%, exceeding the guidance of 14%–16% [2] Operational Highlights - The e-STORAGE division achieved record quarterly battery energy storage shipments of 2.7 GWh, exceeding the previous guidance of 2.1 GWh to 2.3 GWh [3] - The contracted backlog for the e-STORAGE division expanded to $3.1 billion as of October 31, 2025 [3] - Total module shipments recognized as revenue were 5.1 GW, down 35% sequentially and 39% year over year [3] Future Outlook - For the fourth quarter, Canadian Solar projected revenue between $1.3 billion and $1.5 billion, with gross margins in the 14%–16% range [4] - Looking ahead to 2026, the company forecast total module shipments of 25 GW to 30 GW and battery energy storage shipments between 14 GWh and 17 GWh [4]

Industry Overview - The global renewable energy sector is experiencing significant growth driven by increasing demand from transportation and AI sectors, alongside decreasing costs for solar and wind energy [1][2] - The intermittent nature of renewable energy sources presents a critical challenge, necessitating advancements in energy storage solutions [1][2] Energy Storage Market - The energy storage market is emerging as a cornerstone of the global energy transition, supported by falling prices and government backing [2] - Global energy storage battery shipments reached 246.4 GWh in the first half of 2025, marking a year-on-year increase of 115.2% [4] Renewable Energy Generation - For the first time, renewable energy sources generated more power than coal, with a 31% increase in global solar generation and a 7.7% rise in wind energy [3] - The International Energy Agency predicts that global renewable power capacity will double from 2015 to 2030, increasing by 4,600 GW [8] Company Developments - Ameren Corp. plans to construct a 250 MW solar facility and aims to expand its renewable generation portfolio by adding 3,200 MW by 2030 [10][11] - American Electric Power Company has received approvals for 1,826 MW of renewable generation facilities and plans to invest $8.6 billion in renewables through 2027 [14][15] - Canadian Solar has a robust pipeline with 27.3 GWp of solar projects and 80.2 GWh of battery storage projects, indicating a strong position in the market [17][18] Future Outlook - Factors such as rising electricity demand, electric vehicle adoption, and favorable policies in emerging markets are expected to drive growth in renewable energy and storage [6] - The recent trade truce between the U.S. and China regarding rare earth elements has renewed optimism for the U.S. clean energy industry [7]

Core Insights - The energy sector is experiencing unprecedented load growth driven by data center demand, leading to a shift in generation and procurement strategies among utilities [2][4][5] - Traditional engineering, procurement, and construction (EPC) models are being disrupted by urgent timelines and equipment shortages, necessitating a more integrated approach to project execution [8][9][13] - Workforce shortages are emerging as a critical constraint, with a significant need for skilled labor to support the expanding energy infrastructure [17][18] Group 1: Load Growth and Demand - Utilities are signing large-load agreements to meet accelerated demand, with Southern Co. securing over 2 GW in recent contracts and projecting a 50-GW pipeline through the mid-2030s [2] - NextEra Energy has a 30-GW renewables and storage backlog, driven by partnerships with data centers, highlighting the shift towards bespoke generation agreements [3] - Dominion Energy reports a 17% increase in data center demand, with 47 GW in various contracting stages, emphasizing the need for timely resource development [4] Group 2: EPC Model Transformation - The traditional EPC model is being inverted due to geopolitical tensions and supply chain disruptions, leading to a focus on urgency rather than cost [8][9] - Companies like Burns & McDonnell are integrating consulting with execution to address the complexities of energy transition and project delivery [13] - The urgency of data center timelines is forcing utilities to adapt their project execution strategies, with a shift from "Ready, Set, Go" to "Ready, Go, Set" [13] Group 3: Workforce Challenges - The global power engineering workforce needs to double by 2030 to meet infrastructure demands, with significant competition for skilled labor [17] - Companies are investing in workforce development initiatives, such as Burns & McDonnell's Construction Academy, to address labor shortages [18] - Bechtel and Kiewit are implementing training programs to build a self-sustaining pipeline of skilled workers, recognizing the critical need for labor in project execution [18]

Core Insights - EDP has unveiled its 2026–28 Business Plan, focusing on global electrification and data center expansion, with renewables and electricity networks at the core of its growth strategy [1] Investment Strategy - The company plans to invest approximately €12 billion over the next three years, with €7.5 billion allocated to EDP Renewables for wind, solar, and battery projects, primarily in the U.S. [2] - An additional €3.6 billion will be directed towards enhancing electricity networks, with two-thirds of this investment in Iberia [2] Financial Discipline - EDP aims to maintain capital discipline through asset rotation, targeting around €5 billion in proceeds and average annual gains of €200 million, alongside €1 billion in planned disposals [3] - The company plans to keep nominal operating expenses flat at €1.9 billion, targeting an OPEX-to-gross profit ratio of about 26% through automation and AI [3] Financial Projections - EDP reiterated its 2025 EBITDA guidance at approximately €4.9 billion, expecting it to rise to between €4.9 and €5 billion in 2026 and around €5.2 billion by 2028, reflecting a 6% increase from 2025 estimates [4] - Net debt is projected to remain near €16 billion in 2025–26, decreasing to about €15 billion by 2028, supported by stronger cash generation [5] Earnings Outlook - Net income is expected to grow from roughly €1.2 billion in 2025 to about €1.3 billion by 2028, an 8% increase, driven by more stable, regulated revenues [6] - The company plans to raise its dividend floor to around €0.21 per share by 2028, a 5% increase from 2025, with a payout ratio between 60% and 70% [6] Future Growth Opportunities - Beyond 2028, EDP anticipates continued growth from rising power demand due to U.S. and European data center development, with plans to expand its renewables pipeline [7] - Investment needs in electricity networks are expected to remain high, while conventional generation assets will benefit from their flexibility [7]

Core Insights - PG&E Corporation (PCG) is making significant investments in gas-related projects and enhancing the safety and reliability of its electric systems, positioning itself as a strong investment opportunity in the Zacks Utility Electric Power industry [1] Growth Outlook - The Zacks Consensus Estimate for PCG's 2025 earnings per share (EPS) is $1.50, reflecting a year-over-year increase of 10.3% [2] - The estimated revenues for 2025 are projected at $26.20 billion, indicating a growth of 7.3% from the 2024 reported figure [2] - PCG's long-term earnings growth rate is forecasted at 9%, with an average earnings surprise of 0.97% over the last four quarters [2] Return on Equity - PG&E's return on equity (ROE) stands at 10.13%, surpassing the sector average of 9.91%, indicating more effective utilization of funds compared to peers [3] Long-Term Investment Framework - The company plans to invest $12.9 billion in 2025, with total investments of $63 billion projected for the 2024-2028 period, aimed at enhancing safety, reliability, and operational resilience [4] Battery Energy Storage Initiatives - PG&E is actively investing in battery energy storage, managing over 4.6 gigawatts of contracts for deployment and operating 183 megawatts of utility-owned battery storage [5] - By the end of 2024, PG&E aims to achieve 580 megawatts of qualifying storage capacity operational, supporting its renewable energy goals [6][8] Solvency - PG&E's times interest earned (TIE) ratio at the end of Q2 2025 was 1.7, indicating the company's capacity to meet long-term debt obligations [7] Valuation - PG&E is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 9.89X, which is lower than the industry average of 15.44X, suggesting a discount valuation [9] Stock Price Performance - Over the past three months, PCG shares have increased by 18.4%, outperforming the industry's growth of 4% [10]

Group 1 - GE Vernova Inc. plans to cut 600 jobs across Europe as part of a restructuring effort, with 120 positions eliminated in France, including 42 at the Belfort site [1][2] - The restructuring aims to streamline operations, although specific details regarding affected countries and timelines for layoffs remain undisclosed [2] - GE Vernova specializes in high-efficiency wind turbines for onshore and offshore applications, as well as solar energy technologies, battery energy storage, and power plant control systems [3]

Core Insights - Clearway Energy reported mixed results for Q2 2025, with revenue of $392 million, falling short of analyst expectations by $30.72 million, but net income rose significantly from the previous year [1][5][11] Financial Performance - Revenue (GAAP) for Q2 2025 was $392 million, a 7.1% increase from $366 million in Q2 2024, but below the estimated $422.72 million [2][5] - EPS (GAAP) decreased by 34.9% year-over-year to $0.28, compared to $0.43 in Q2 2024 [2] - Net income (GAAP) surged to $12 million, up 200% from $4 million in Q2 2024 [2] - Adjusted EBITDA fell by 2.8% to $343 million, down from $353 million in the previous year [2] - Cash Available for Distribution (CAFD) decreased by 18.7% to $152 million, compared to $187 million in Q2 2024 [2][7] Business Operations - Clearway Energy operates a portfolio of approximately 12 GW of generation capacity, with 96% of total generation in 2024 coming from renewable energy and storage assets [3] - The company focuses on expanding its asset base through acquisitions and new project developments, leveraging partnerships for access to new projects and technology [3][4] Segment Performance - The Flexible Generation segment reported a net loss of $11 million due to lower energy prices and reduced plant availability, with adjusted EBITDA dropping to $52 million [5][6] - The Renewables & Storage segment saw net income rise to $63 million, with output increasing by 1% to 5,591,000 megawatt hours [6] Strategic Initiatives - The company closed the acquisition of the Catalina Solar facility for approximately $127 million, enhancing long-term cash flow [8] - Clearway Energy has over 1.6 GW in sponsor-backed projects planned for 2025 and 2026, including a new 291 MW battery storage project [8] Dividend and Liquidity - The quarterly dividend was increased by 1.6% to $0.4456 per share [9][13] - Liquidity at the end of the quarter was $1.30 billion, with available revolving credit of $512 million [9] Future Guidance - Management raised the bottom end of its fiscal 2025 CAFD guidance to $405–$440 million, reflecting confidence from recent acquisitions [11] - The long-term CAFD per share target for 2027 was adjusted to $2.50–$2.70, up from $2.40–$2.60 [11] Operational Focus - The company aims to improve operational execution in its Flexible Generation segment, which faced challenges during the quarter [12] - Growth in battery energy storage projects is a key trend, with adaptations in contract terms to address supply chain pressures [12]