energypower
First Solar Inc (NASDAQ: FSLR) has lost about 25% over the past few weeks but a Deutsche Bank analyst is convinced that the story moving forward will be a different one. Shares of the solar panels manufacturer do not currently pay a dividend either. First Solar stock could gain another 20%Corinne Blanchard reiterated her “buy” rating on First Solar stock this morning and raised her price target to $280 that translates to about a 20% upside from here. The analyst’s new price target on FSLR assumes a multiple of 15 times on its estimated EPS for 2025. She recommends owning shares of the solar pa...
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Famed investor Jim Cramer is tapping on an over 20% hit to Nextracker Inc (NASDAQ: NXT) in recent weeks to build a position. Shares of the solar energy solutions company are roughly flat for the year. How many shares of Nextracker did Cramer buy?Jim Cramer pulled out of Foot Locker and used the proceeds to load up on 350 shares of Nextracker on Thursday. The Mad Money host also told members of his investment club today that he may choose to expand his stake in NXT over time. Cramer dubbed the Nasdaq-listed firm a leader in a rapidly growing market. He’s bullish on Nextracker also because its m...
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Plug Power (NASDAQ: PLUG) stock price has been in a strong freefall since May as concerns about its business continue. It has retreated to below $2.50 and is nearing the important support at $2.22, its lowest swing in January and May this year. Concerns about Plug Power remainPlug Power is one of the most high-risk and high-reward companies in the United States. It is a pioneer in the hydrogen energy industry and has substantial potential if demand continues rising as some analysts expect. Plug Power has made costly progress in the past few years. It has already started selling hydrogen from i...
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In 2023, total fossil fuel consumption reached a record high worldwide, the Energy Institute (EI) reported yesterday. Published in the 73rd annual Statistical Review of World Energy report by the EI (along with co-authors KPMG and Kearney), the release presented the first full global energy data for 2023. It stated that 2023 was a year of several historic energy consumption records – not all of them positive. Historic emissions and energy usagePerhaps most startlingly, the report revealed that global emissions from energy increased by 2% in 2023, exceeding 40 gigatonnes of CO for the first tim...
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SunPower Corporation (NASDAQ: SPWR) has been nothing but disappointment for investors over the past twelve months. Still, there’s reason to believe that its future may be markedly different from the past year. How may Amazon and Microsoft help SunPower?Renewables do not currently make up a significant portion of power generation in the United States. Solar, for example, accounts for just 3.9% of the total electricity generation in the U.S. at the moment. Plus, there are concerns of reliability coupled with clean energy as well. That’s partly why solar stocks haven’t been able to do all that we...
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The Adani Group, led by Chairman Gautam Adani, has announced ambitious plans to invest over $100 billion in energy transition projects and manufacturing capabilities essential for green energy generation. This substantial investment is set to position the conglomerate at the forefront of India’s renewable energy sector, aiming to capitalize on the nation’s vast potential in energy transition and digital infrastructure. India’s economic growth and market potentialAdani highlighted the broader economic context, predicting that India will add a trillion dollars to its GDP every 12 to 18 months, s...
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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 ...
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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...
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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...
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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 ...
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