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Tesla Seeks Regulatory Approval To Sell Electricity Directly To Customers In Texas
Friday, August 27, 2021 - 1:45am | 452Tesla Inc (NASDAQ: TSLA) has filed an application, seeking to sell electricity directly to consmers in Texas, as per documents on Texas Public Utility Commission's website. What Happened: Tesla has, so far, not acted as a retail electricity provider. Instead, it makes big...
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BofA Upgrades Bloom Energy On Potential Alleviation Of Tax Equity Overhang
Thursday, June 3, 2021 - 10:59am | 245The near-term tax equity overhangs on Bloom Energy Corp’s (NYSE: BE) shares are likely to ease, according to BofA Securities. The Bloom Energy Analyst: Julien Dumoulin-Smith upgraded the rating for Bloom Energy from Underperform to Neutral, while raising the price target from $19.50 to $...
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GE Inks $1.2B Deals With Iraq To Improve Country's Power Infrastructure
Thursday, August 20, 2020 - 4:27am | 296General Electric Company (NYSE: GE) announced Wednesday it had signed two agreements with the Iraqi Ministry of Electricity worth $1.2 billion to bolster and maintain the middle-eastern country’s electric infrastructure. What Happened: The two agreements will cover the maintenance of...
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VGrid Energy Systems Launches Solution For A Renewable-Powered Future
Monday, April 13, 2020 - 2:16pm | 252VGrid Energy Systems Inc., a company focused on innovating new solutions in renewable energy, announced Monday the launch of its BioEnergy Server 100. The company utilizes the business model that is offering its customers "electricity as a service" at a discounted rate to the price...
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Morgan Stanley: Exelon Is 'Too Cheap To Ignore'
Tuesday, August 27, 2019 - 3:16pm | 388Shares of electricity and natural gas provider Exelon Corporation (NYSE: EXC) have underperformed peers by more than 15% since the start of 2019, and investors should buy the dip, according to Morgan Stanley. The Analyst Stephen Byrd upgraded Exelon from Equal-weight to Overweight with a price...
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Goldman Sach's Exelon Bear Case Comes To An End
Thursday, March 29, 2018 - 11:13am | 454Exelon Corporation (NYSE: EXC) is the largest electric holding company in the U.S., with around 10 million customers. A better valuation model, potential upside to consensus estimates and few headwinds led Goldman Sachs to upgrade the equity the energy stock this week. The Analyst Goldman...
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Southern Company's CEO Talks Tax Reform, Nuclear Project Updates
Wednesday, February 21, 2018 - 10:50am | 316Southern Co (NYSE: SO) reported fourth-quarter results Wednesday that beat Wall Street's expectations on the top- and bottom-line. After the print, the company's CEO Thomas Fanning was a guest on CNBC's "Squawk Box" segment to talk about the results and the tax...
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Morgan Stanley Issues Industrywide Utilities Update
Tuesday, February 13, 2018 - 6:18pm | 698Stock market volatility has resulted in the utilities sector trading lower by 8 percent in 2018, according to Morgan Stanley — creating some buying opportunities for investors, as well as a call for investors to revise their bullish stance on one name. The Analyst Morgan Stanley's...
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Here's How The States With The Cheapest Electricity Are Generating Their Power
Sunday, August 13, 2017 - 5:21pm | 608Considering the generally high cost of air conditioning, the fact that New Mexico has the lowest average monthly energy bill of any state may come as a surprise. But perhaps more surprising is that its trick isn’t living by candlelight or killing the cooling system. It’s living by coal...
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Axiom's Gordon Johnson On Why PV Installations In The U.S. Could Be Cooling
Thursday, February 2, 2017 - 10:52am | 452Data released by the U.S. Energy Information Administration indicated impressive growth in PV installs through November 2016. Despite this, growth in U.S. solar installations may actually be cooling, Axiom's Gordon L. Johnson said in a report. According to PVInsights data for this week, average...
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Deutsche Bank Attempts To Answer Some FAQs On SunPower
Wednesday, October 5, 2016 - 3:12pm | 410SunPower Corporation (NASDAQ: SPWR) charged higher Wednesday up nearly 6 percent as Deutsche Bank weighed in on some frequently asked questions on the clean energy technology company. Despite the jump in share price, an increasingly competitive pricing environment surrounding clean energy...
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Great Plains Providing An Entry Point At This Valuation
Wednesday, September 28, 2016 - 2:10pm | 347Argus maintains its Buy rating on Great Plains Energy Incorporated (NYSE: GXP) on "clearer earnings visibility, an improving economy in the company's service area, continuing efforts to manage costs, constructive rate regulation and gradual improvement in the allowed return on equity." Further, the...
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8Point3 Energy's Q3 Beat And Raise Justify Rating Reiteration From Baird
Wednesday, September 21, 2016 - 3:11pm | 285Following 8Point3 Energy Partners LP (NASDAQ: CAFD)'s third-quarter results — an outperformance and upward revision of guidance — Baird reiterated its Outperform rating on the shares of the company. The price target was reiterated at $20. Analyst Ben Kallo noted that the company's...
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Jefferies Offers A Pair Trade In Electric Utilities: PNM Upgraded, American Electric Downgraded
Tuesday, September 20, 2016 - 12:27pm | 396Jefferies took different opinions on PNM Resources Inc (NYSE: PNM) and American Electric Power Company Inc (NYSE: AEP). Analysts Anthony Crowdell and Benjamin Budish believe PNM merits upgrading from Hold to a Buy rating on the expectation that a state regulator's rate decision would be more...
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Goldman On Midstream Group: Upgrades 4, Downgrades One
Monday, September 19, 2016 - 9:34am | 516Goldman Sachs Group upgraded its coverage on Midstreams from Neutral to Attractive, citing improved fundamentals. Analysts Theodore Durbin and Jerren Holde see return of volume growth in 2017 and further growth in NGL, oil and natural gas helping to generate increased margin. The brokerage picked...