Core Viewpoint - Capital Power Corporation is set to release its 2025 fourth quarter results and Integrated Annual Report on March 4, 2026, with a conference call and webcast scheduled for the same day [1]. Group 1: Company Overview - Capital Power is a growth-oriented power producer with approximately 12 GW of power generation capacity across 32 facilities in North America [2]. - The company focuses on delivering reliable and affordable power, building lower-carbon power systems, and creating balanced energy solutions for the future [2]. Group 2: Conference Call and Webcast Details - The conference call and webcast to discuss the results will take place at 8:30 a.m. MT (10:30 a.m. ET) on March 4, 2026 [1]. - An archive of the webcast will be available on the company's website following the conference call [3].

Core Viewpoint - Vistra Corp. is set to report its earnings on February 26, 2026, with expectations of significant growth in EPS and revenue compared to the previous year [2]. Financial Performance - In the latest trading session, Vistra Corp. closed at $162.58, reflecting a -1.85% change from the previous day, underperforming the S&P 500's daily loss of 0.13% [1]. - Over the past month, shares of Vistra Corp. have increased by 2.67%, outperforming the Utilities sector's gain of 1.04% and the S&P 500's gain of 0.78% [1]. - The upcoming earnings report is forecasted to show an EPS of $2.45, representing a 114.91% increase year-over-year, and revenue is expected to reach $5.27 billion, a 30.66% increase from the same quarter last year [2]. Annual Estimates - For the entire year, the Zacks Consensus Estimates predict earnings of $5.21 per share and revenue of $18.97 billion, indicating a -25.57% change in earnings and no change in revenue compared to the previous year [3]. Analyst Estimates - Changes in analyst estimates for Vistra Corp. are important as they reflect short-term business trends, with positive revisions indicating optimism about the company's outlook [4]. - The Zacks Rank system, which incorporates these estimate changes, currently ranks Vistra Corp. at 3 (Hold) [6]. Valuation Metrics - Vistra Corp. has a Forward P/E ratio of 18.97, which is higher than the industry average of 17.9 [6]. - The company has a PEG ratio of 1, compared to the Utility - Electric Power industry's average PEG ratio of 2.59 [7]. Industry Context - The Utility - Electric Power industry holds a Zacks Industry Rank of 83, placing it in the top 34% of over 250 industries [7]. - Historically, the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8].

Core Insights - NextEra Energy exceeded Wall Street estimates for fourth-quarter adjusted profit, driven by increased power demand and robust performance in its renewables segment [1] Group 1 - The company reported a strong performance in the fourth quarter, indicating resilience in its operations [1] - Higher power demand contributed significantly to the company's financial results, showcasing the growing need for energy [1] - The renewables unit demonstrated strength, reflecting the ongoing transition towards sustainable energy sources [1]

Core Viewpoint - Tokyo Electric Power Company Holdings (TEPCO) has introduced its Fifth Comprehensive Special Business Plan, focusing on the decommissioning of Fukushima Daiichi and committing to ¥3.1 trillion ($19–20 billion) in cumulative cost reductions over FY2025–FY2034, alongside asset sales and potential partnerships to strengthen its financial position [1][2]. Financial Strategy - The new plan represents a significant shift from the previous strategy, recognizing TEPCO's inability to finance both Fukushima decommissioning and growth investments simultaneously under current conditions, even with potential nuclear restarts [2]. - TEPCO aims to achieve ¥3.1 trillion in cumulative cost reductions through third-party benchmarking, project reprioritization, and stricter capital discipline over the next decade [5]. - The company plans to generate ¥200 billion from asset sales within three years, including real estate and non-core holdings [5]. - A return to positive free cash flow is targeted to restore autonomous funding capacity and reduce reliance on emergency financing [5]. Decommissioning Focus - TEPCO has characterized the next phase of Fukushima Daiichi decommissioning, particularly large-scale fuel debris retrieval, as technologically and economically uncertain, with estimated decommissioning-related costs reaching approximately ¥5.4 trillion [3]. - The governance structure has been adjusted to grant the decommissioning entity greater autonomy over resources and decision-making, while still under the oversight of Japan's Nuclear Damage Compensation and Decommissioning Facilitation Corporation (NDF) [4]. Strategic Alliances and Energy Transition - TEPCO emphasizes the necessity of forming alliances for capital, technology, and expertise, while ensuring governance structures that secure Fukushima funding and eventual repayment of public capital [4]. - The company positions itself as a key player in Japan's GX/DX transition and energy security agenda, particularly in East Japan, with priorities including grid expansion and faster connections to meet data center demand in the Tokyo metropolitan area [6]. - Plans include the expansion of renewables, grid-scale storage, and decarbonized power procurement, along with nuclear restarts at Kashiwazaki-Kariwa, contingent on local consent and regulatory confidence [6].

Core Insights - Meta Platforms has entered into 20-year agreements to purchase power from three Vistra nuclear plants located in the U.S. heartland [1] - The company is also collaborating with two firms that are working on developing small modular reactors [1] Group 1 - Meta Platforms aims to secure long-term energy supply through these agreements, indicating a strategic move towards sustainable energy sources [1] - The partnerships with companies focused on small modular reactors suggest a commitment to innovative energy solutions and diversification of energy sources [1]

Core Viewpoint - Utility firm PG&E Corp is actively working to assess a transformer fire in San Francisco and restore power to affected customers safely [1] Group 1 - PG&E Corp's crews are engaged in assessing the situation following a transformer fire [1] - The company is focused on restoring power to customers impacted by the incident [1]

Core Insights - WEC Energy Group has approved a 6.7% increase in its quarterly dividend rate, raising it to 95.25 cents, effective in the first quarter of 2026, aligning with its long-term goal of a 7-8% annual growth in dividends over the next five years [1][7] - The company's new annualized dividend rate is $3.81, with a current dividend yield of 3.58%, significantly higher than the S&P 500 Composite's yield of 1.08% [1][5] Company Performance and Strategy - WEC Energy is expected to benefit from improving demand from both commercial and industrial (C&I) customers and the residential sector, supported by ongoing economic improvements in its service areas [2] - The company plans to invest $36.5 billion in cost-effective, zero-carbon generation sources such as solar and wind from 2026 to 2030, aimed at enhancing its infrastructure to meet rising demand [3][7] - Positive developments and contributions from organic assets will provide WEC Energy with the financial flexibility to increase dividend rates [4] Industry Context - Domestic-focused, rate-regulated electric power utilities, including WEC Energy, are stable performers that reward shareholders through dividend hikes and share buybacks, with peers like NextEra Energy, Fortis Inc., and Clearway Energy also raising their dividend rates [5] - Over the past year, WEC Energy's shares have increased by 9.5%, although this growth lags behind the industry's overall growth of 18.6% [6]

Core Insights - PG&E Corporation (PCG) is identified as a crucial facilitator for the expansion of data center projects in Silicon Valley, with over 9 GW of capacity in the pipeline that requires further investments [1] Group 1 - PG&E Corporation has more than 9 GW in capacity pipeline [1] - The company is positioned as a key enabler for Silicon Valley data center build-out projects [1] - Additional investments are necessary to support the capacity pipeline [1]

Core Thesis - NextEra Energy, Inc. is positioned as a leading player in the U.S. utility and clean-power sector, demonstrating strong financial performance and growth potential [2][5]. Financial Performance - As of November 28th, NextEra Energy's share price was $86.29, with trailing and forward P/E ratios of 27.39 and 21.83 respectively [1]. - The company achieved a year-over-year adjusted EPS growth of 9.7%, reaching $1.13, supported by contributions from Florida Power & Light and NextEra Energy Resources [2]. Growth Outlook - Management has reaffirmed an adjusted EPS growth outlook of 6–8% through 2027, backed by strong credit metrics and a favorable regulatory environment [3]. - Florida Power & Light is expanding its rate base at approximately 8% annually while maintaining customer bills below the national average [3]. Operational Highlights - NextEra Energy Resources added 3 GW of renewables and storage in the recent quarter, increasing its backlog to nearly 29.6 GW [4]. - The company plans to restart the Duane Arnold nuclear facility under a 25-year PPA with Google, which is expected to enhance its ability to provide reliable, clean power [4][5]. Market Position and Valuation - Analysts have a bullish outlook on NextEra, with valuation estimates clustering in the mid-$90s to low-$100s per share based on various valuation frameworks [5]. - The potential restart of the Duane Arnold facility could contribute approximately $0.16 to annual EPS once operational, reinforcing NextEra's attractiveness to large-scale data center operators [5]. Risk Mitigation - The company has a robust buffer against risks such as backlog churn and permitting delays, supported by $37 billion in hedges and strong regulated cash flows [6]. - NextEra's diversified development pipeline and steady execution are expected to sustain its long-term growth and rerating potential [6].

Core Viewpoint - NextEra Energy, Inc. is a leading utility and clean-energy company with a market capitalization of approximately $178.1 billion, emphasizing its significant role in the North American energy sector [1][2]. Company Performance - NextEra Energy's shares are currently trading 2.3% below their 52-week high of $87.53, with a notable increase of 19.8% over the past three months, outperforming the S&P 500 Index's 5.1% gains during the same period [3]. - Over the past year, NextEra Energy's stock has risen by 10.4%, and it has increased by 20.5% on a year-to-date basis, while the S&P 500 Index has seen gains of 13.6% and 15.8% respectively [4]. Strategic Developments - The company's growth in 2025 is attributed to strong operational execution, a rapidly expanding renewable energy pipeline, and increased electricity demand driven by data centers and AI expansion [5]. - A significant partnership with Alphabet Inc. was established in October 2025, involving a 25-year agreement to restart Iowa's nuclear facility, which will provide carbon-free power for Google's AI and cloud operations, highlighting NextEra's strategic positioning in the clean energy market [5]. Competitive Landscape - In comparison, rival Duke Energy Corporation has underperformed NextEra Energy, achieving only 5.5% gains over the past 52 weeks and 14.6% year-to-date [6].