energypower
A small closed-end fund you likely have never heard of is beating the popular SPDR S&P 500 (SPY), Schwab US Dividend Equity (SCHD), and Invesco QQQ (QQQ) this year. It is doing this while investing in some of the most boring assets in the United States and trading at a 3.50% discount to its net asset value (NAV). It also has a higher expense ratio of 5.65%, which is higher than most these funds. The ClearBridge MLP and Midstream Fund (CEM) is a leading closed-end fund (CEF) that invests in MLP companies that run pipelines in the US. CEM has invested in 22 companies with the biggest ones being ...
Invezz
UK energy bills are forecast to continue falling into the summer, with the average household about £500 ($632) better off than a year earlier. Energy consultancy Cornwall Insight Ltd. predicts the typical tariff will drop 7% to £1,574 from the current cap as wholesale gas and electricity costs ease. Ofgem is expected to announce the new energy price cap, which sets the maximum tariffs suppliers can charge most households in Britain, on May 24. It will take effect from July 1. Comparison with previous yearThe anticipated reduction would bring significant relief, as the cap in July last year was...
Invezz
Plug Power Inc (NASDAQ: PLUG) is up more than 50% at writing after announcing a “conditional commitment” for a $1.66 billion loan guarantee from the DOE (Department of Energy). What will $PLUG do with the new funds?The $2.5 billion company based out of Latham, New York plans on using the funds to expand its network of hydrogen plants across the United States. $PLUG is convinced the financing will also “prove instrumental to grow and scale” the U.S. hydrogen solutions industry at large, as per its press release on Tuesday. The news arrives only days after the Nasdaq-listed firm reported its fin...
Invezz
NextEra Energy Partners (NYSE: NEP) stock price has been in a strong recovery this year as investors bought the dip. After bottoming at $18.6 in December last year, it has soared to $30 and is now hovering near its highest point since September 25th. Still, these gains have not been enough to compensate for the losses made in the past two years. The stock remains about 60% below its highest point in 2022, a move that has erased its market cap from over $7.45 billion to about $2.8 billion. Is the yield too good to be true?NextEra Energy Partners is a company mostly owned by NextEra Energy, the ...
Invezz
China, which has long been the leader in clean technology manufacturing, saw its global investment share drop in 2023, from 85% to 75%, amid rising investments in the United States and Europe, particularly in the battery manufacturing sector. Shifts in global clean tech investmentAccording to a report by the International Energy Agency (IEA) released on May 6, investment in battery manufacturing in the US and Europe more than tripled last year. This surge is largely fuelled by major policy initiatives such as the US’ Inflation Reduction Act and the EU’s Net Zero Industry Act, which prioritize ...
Invezz
Energy conglomerate Shell is currently negotiating the sale of its extensive gas station network in Malaysia to Saudi Arabia’s state-owned oil company, Saudi Aramco, in a deal that industry insiders estimate could reach $1 billion, Reuters reported. Strategic divestiture amid global refocusingShell, headquartered in London, operates around 950 fuel stations in Malaysia, making it the country’s second-largest network after the state-owned Petronas. The potential sale, which began discussions in late 2023, is part of Shell’s broader strategy under CEO Wael Sawan to streamline operations and conc...
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Sustainable energy company EOG Resources has reported its Q1 2024 quarterly earnings, with better-than-expected results all round. One chief reason for this, according to the company, was that EOG experiences “volumes and total per-unit cash operating costs better than guidance midpoints.” It also reflected the continued bullishness of investors and market sentiment at large for more sustainable energy solutions. EOG, with its natural gas, hydrocarbon and crude oil streams, seems to be benefitting from the zeitgeist nicely. Net income and free cash flow riseThe company reported an adjusted net...
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Plug Power Inc (NASDAQ: PLUG) is in the green at writing after announcing new cryogenic equipment supply agreements with unnamed companies. Here’s what it means for Plug Power stockThe $1.60 billion company based out of Latham, New York will supply a total of five cryogenic trailers for the transport of nitrogen, argon, oxygen and other industrial gases to a party in Canada. Deliveries, it added, are expected in the first quarter of 2025. Andy Marsh – the chief executive of Plug Power said in a press release today: We’re successfully building long term strategic partnership with customers and ...
Invezz
On Wednesday, tech giant Microsoft and Brookfield Asset Management of Canada announced plans to develop new solar and wind farms to bring over 10.5 gigawatts of new renewable energy capacity. This deal signifies the importance of meeting clean energy commitments as well as the demands of cloud computing and AI. It will also enable Microsoft to access a supply of new renewable energy to meet the ever-increasing demand for cloud services at work and home. Targeted markets A Microsoft spokesperson stated that Brookfield aims to deliver new renewable energy capacity in the European and the U.S. ma...
Invezz
About $150 trillion is expected to go into decarbonizing the global economy over the next thirty years. Here are the top four green energy stocks that may benefit as the world executes on its commitment to that transition. NextEra Energy Inc (NYSE: NEE)NextEra Energy is on our list of top four green energy stocks for long-term investment as it is one of the biggest names in the wind and solar energy space. The energy giant is committed to making its operations free of carbon emissions by 2045. $NEE has increased its adjusted EPS at a compound annualised rate of 10% over the past ten years whil...
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