MADISON, Wis.--(BUSINESS WIRE)--MGE to Add More Solar, Battery Storage and Wind. ...

Financial Performance and Targets - Fortum's comparable EBITDA for the last twelve months Q3 2025 was €1.3 billion, with Generation contributing 84% and Consumer Solutions 16%[3] - The company targets a comparable Return on Net Assets (RONA) of 14%[15] - Fortum aims for an optimisation premium of €8-10/MWh in 2026 and €6-8/MWh from 2027 onwards[22] - The company is targeting comparable operating profit improvement of €330 million by 2030 from existing fleet[34] Growth and Development - Nordic power demand is projected to grow significantly, reaching 760 TWh/a by 2030 and 975 TWh/a by 2050[8] - Fortum targets a ready-to-build pipeline of 1.2 GW for solar and onshore wind by the end of 2028, with approximately 8 GW in the permitting phase[22] - The company aims to have 2.5 GW of new ready-to-deploy flexibility by the end of 2028[22] Hedging and Capital Expenditure - Fortum's hedging target is >25% for rolling 10-year outright generation volume by the end of 2028[52] - The company has hedged 90% of its power at 42 €/MWh for 2025, 70% at 41 €/MWh for 2026, and 45% at 39 €/MWh for 2027[52] - Fortum plans maintenance capital expenditure of €1.25 billion and growth capital expenditure of €750 million between 2026 and 2030[38] Consumer Solutions - Consumer Solutions has approximately 2.3 million consumer and SME customers with ~41 TWh of power and gas demand[93] - Consumer Solutions net revenues LTM are 201 million EUR with a CAGR of +5%[97]

Global | Washington Strategy November 20, 2025 Will China's Transition Slow — The Electrotech Revolution w/ Kingsmill Bond Continuing our work on the energy transition & US-China, we hosted Kingsmill Bond (Energy Strategist, Ember) on their report on the Electrotech Revolution and if China's rapid pace in the space is set to continue. KTs: 1) China's emissions have been flat/falling for 18m, powered by a pivot to electrotech; 2) solar + wind met all growth in global power demand in H1'25; 3) AI could enable ...

TEL AVIV, Israel, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (TASE & NASDAQ: ENLT), a leading global renewable energy developer and an independent power producer, today announced that management is scheduled participate in the following upcoming investor conferences: Mizuho Power, Energy and Infrastructure ConferenceTuesday, December 9, 2025 in New York City, NYWells Fargo 24th Annual Energy and Power SymposiumWednesday, December 10, 2025 in New York City, NY For more information regarding t ...

Core Viewpoint - Brookfield Renewable is positioned as a strong dividend stock with a high-yielding and steadily rising dividend, making it an attractive investment opportunity at its current share price of $45 [1][12]. Group 1: Dividend Yield and Financial Stability - At a share price of $45, Brookfield Renewable offers a dividend yield of 3.4%, significantly higher than the S&P 500's yield of approximately 1.1% [2]. - The company supports its high-yielding dividend with stable cash flow generated from one of the world's largest renewable energy platforms, which includes hydro, wind, solar, and energy storage facilities [3]. - Brookfield has a strong balance sheet characterized by a high credit rating, low-cost long-term debt, and substantial liquidity, which is enhanced by selling mature assets to reinvest in higher-return projects [5][6]. Group 2: Growth Potential - Brookfield Renewable has achieved a 6% compound annual growth rate in its dividend since 2001 and aims for 5% to 9% annual dividend growth in the long term [7]. - The company anticipates 2% to 3% annual growth in funds from operations (FFO) per share through 2030, driven by long-term contracts with inflation-linked escalation clauses [8]. - Recent agreements with Google and Microsoft for higher power rates at hydro facilities are expected to enhance margins and contribute to FFO growth [8]. Group 3: Expansion and Acquisitions - Brookfield plans to invest heavily in development projects and acquisitions, targeting 10 gigawatts of new renewable energy capacity annually by 2027, which supports 4% to 6% annual FFO growth per share [9]. - The recent $1 billion investment in Colombian hydropower producer Isagen is expected to add an incremental 2% in FFO per share next year [9]. - The combination of contracted inflation escalators, margin enhancements, development projects, and acquisitions positions Brookfield to achieve over 10% annual FFO per share growth through 2030 [10]. Group 4: Total Return Potential - With a dividend yield exceeding 3% and expected FFO growth of more than 10% annually, Brookfield Renewable is well-positioned for powerful total returns in the coming years [12].

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]

Financial Performance - Funds From Operations (FFO) reached $302 million, a 10% increase year-over-year, driven by improved hydroelectric results, growth activities, and inflation-linked cash flows[8] - Normalized FFO, adjusted for generation, was $352 million[8] - Distributions per LP unit increased over 5% to $0.373 per unit ($1.492 annualized)[8] Liquidity and Capital Resources - Available liquidity stands at approximately $4.7 billion[8, 14] - Approximately $7.7 billion of financings were completed in the quarter, bringing year-to-date financings to $27 billion[14] - Asset recycling program generated expected proceeds of ~$2.8 billion[14] Growth and Development - Approximately 1,800 megawatts of new capacity were delivered globally, with ~8,000 megawatts expected in 2025[11] - Approximately $2.1 billion was committed or deployed across multiple investments[13] - Contracts were secured to deliver an incremental ~4,000 gigawatt hours per year of generation to high-credit quality utility and corporate customers[13] Portfolio Composition - The company has approximately 48,700 MW of total operating capacity[17] - Approximately 90% of generation is contracted for an average term of 13 years[19] - Approximately 70% of revenues are indexed to inflation[19]

Summary of Key Points from the Conference Call Industry and Company Focus - The conference call discusses the strategic sectors in China, particularly focusing on innovative growth companies that are expected to emerge as "China Next Winners" in the context of the country's five-year plans [1][3][4]. Core Insights and Arguments 1. **Five-Year Plans as Investment Roadmaps**: China's five-year plans have historically served as effective roadmaps for investors, highlighting key sectors that are prioritized for growth. Significant alpha generation is often observed in the initial years following the prioritization of these sectors [3][12][13]. 2. **Key Growth Areas Identified**: - **Technology and Innovation**: Growth in semiconductors and artificial intelligence (AI) is anticipated, with a focus on self-reliance and high-tech innovation [3][4]. - **Advanced Manufacturing and Automation**: Chinese companies are expanding in mature automation areas, with new entrants in humanoid robotics benefiting from a large customer base and lower development costs [3]. - **Green Technology Leadership**: China has achieved 50% penetration of electric vehicles, with expectations for full electrification by the end of the decade. Rapid development in solar, wind, and nuclear energy is also anticipated [3]. - **Healthcare and Drug Development**: The aging population is expected to create greater opportunities in healthcare, with the industry catching up to global standards in R&D capabilities [3]. - **Domestic Consumption Boost**: A shift in consumer behavior from material ownership to experiential wealth is noted, benefiting companies focused on experiences rather than goods [3]. - **Urban Air Mobility**: China aims to dominate the low altitude economy, with proactive regulations and infrastructure development supporting this market [3]. 3. **Investment Implications**: The report emphasizes that growth stocks and innovative companies have historically provided the best returns for long-term investors, with a focus on high-growth and highly innovative firms [4][12]. 4. **Top Stock Recommendations**: Key stocks highlighted include Tencent, CATL, Alibaba, Trip.com, Luxshare, Hengrui, and Innovent as potential investment opportunities [4]. Additional Important Insights 1. **Historical Performance of Strategic Industries**: Industries identified as strategic in five-year plans have historically shown an average alpha of 30-40% in the first two years post-inclusion, although returns tend to decline after five years [13][17]. 2. **Characteristics of Historical Winners**: Successful companies typically emerged from mid-cap stocks (around $5 billion adjusted for today's market size), with reasonable valuations (13x PE), operating margins of 6-9%, and long-term earnings growth expectations exceeding 12% [12][50]. 3. **Long-Term Trends**: The report indicates that high-growth and innovative companies have generated significant annualized alpha, with the top 20% of the market leading in innovation yielding 8.5% p.a. alpha over the last decade [12][50]. 4. **Geopolitical and Macroeconomic Influences**: The evolving geopolitical landscape and domestic structural challenges are shaping China's economic and policy environment, emphasizing self-reliance and technological innovation [14][29]. This summary encapsulates the key points discussed in the conference call, focusing on the strategic sectors and companies poised for growth in China, as well as the historical context and investment implications derived from the five-year plans.

Core Viewpoint - In the digital age, investors face the challenge of selecting the right financial app for investment decisions, with many professionals favoring the traditional yet robust Sina Finance APP as a reliable foundation for their investment systems [1] Group 1: Importance of Data - Ordinary investors often focus solely on unit net value, while professional decision-making requires a deeper understanding of the underlying data that supports this figure [2] - Many apps simplify the investment process with features like "one-click follow" and community trading, which can lead to overlooking critical data [2] Group 2: Features of Sina Finance APP - The app provides extensive and accurate data, including timely net value updates and comprehensive fund profiles, which include holdings, industry allocation, and key risk-return metrics [3] - Users can access detailed fund manager profiles, including their history, performance, and investment philosophy, which are essential for evaluating their capabilities [3] Group 3: Investment Decision Tools - The app allows users to create custom portfolios and analyze returns, providing insights into performance metrics like Sharpe ratio and daily returns [4] - It aggregates research reports from various institutions, helping users understand market consensus and identify investment opportunities [4] Group 4: Information Ecosystem - Sina Finance APP creates a closed-loop ecosystem of "24/7 global news + in-depth data + professional tools," enabling users to understand the reasons behind market movements rather than just observing them [5] Group 5: Unique Value Proposition - Compared to platforms like Ant Wealth and Tian Tian Fund, which focus on transaction ease, Sina Finance APP excels in data depth and professional tools [7] - Unlike purely professional terminals like Wind and Choice, Sina Finance APP offers a balance of data quality, tool practicality, and accessibility for ordinary investors [7] Conclusion - The app serves as an essential tool for investors looking to advance from basic fund observation to a more sophisticated investment strategy, providing comprehensive resources and tools for building a personal investment framework [8]

Core Viewpoint - NextEra Energy, Inc. has declared a quarterly common stock dividend of $0.5665 per share, reflecting its commitment to returning capital to investors through consistent dividend payments [1][2]. Company Overview - NextEra Energy operates through its subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources, positioning itself as a leader in both regulated and renewable power generation [2]. - FPL is noted as the largest electric utility in the U.S., while NextEra Energy Resources is recognized as one of the biggest renewable energy developers in the country [2]. Business Strategy - The company is expanding its diversified portfolio, which includes natural gas, nuclear, solar, wind, and battery storage, highlighting its leadership role in the U.S. energy transition [3]. - NextEra is known for combining stable regulated returns with growth in clean energy infrastructure, making it a bellwether in the utilities sector [3].