Justin Sullivan/Getty Images News CenterPoint Energy (NYSE:CNP) -5.3% in early trading Monday after Texas Gov. Abbott said he will seek an investigation by the state’s Public Utility Commission into the company’s response to Hurricane Beryl and preparations for future storms. The governor said Sunday he will give CenterPoint (CNP) untilContinue Reading
SlavkoSereda/iStock via Getty Images Oil futures give up early gains and settled lower on Friday, wrapping up first weekly loss after four straight positive weeks, as the recent run-up in prices allowed traders to exit their positions with healthy profits. Prices were supported by a soft U.S. inflation report thisContinue Reading
The S&P 500’s Energy sector (NYSEARCA:XLE) had a lackluster performance during the second quarter, as it fell 4.2% in the period. The sector, which holds a 4.3% weightage on the S&P 500 index and is composed of companies that are into oil production, drilling, refining and transportation, has gained nearlyContinue Reading
NANO Nuclear Energy (NASDAQ:NNE) stock fell 8% in premarket trade after it priced its underwritten public offering of 900K shares and warrants to purchase 450K. Each share and associated warrant is being sold at $20.00 apiece, for gross proceeds of ~$18 million. The warrants are exercisable immediately, have a term of fiveContinue Reading
mesut zengin/iStock via Getty Images Shares of solar and alternative energy companies posted broad gains on Thursday, booster by cooler than expected inflation data that raised hopes the Federal Reserve will start lowering interest rates sooner rather than later. U.S. consumer prices fell for the first time in more thanContinue Reading
Black_Kira/iStock via Getty Images Fluence Energy (NASDAQ:FLNC) +2.1% in Wednesday’s trading as Truist Securities initiated coverage with a Buy recommendation and $25 price target, saying the energy storage company is “well positioned to drive outsized growth via its improving economies of scale/supply chain position and differentiated tech.” Further, Truist analystContinue Reading
Zach Gibson/Getty Images News Dominion Energy (NYSE:D) said Wednesday it has issued a request for proposals from leading smaller modular reactor nuclear companies to evaluate the feasibility of developing an SMR at its North Anna power station in Virginia. While the RFP is not a commitment to build an SMRContinue Reading
sasacvetkovic33/E+ via Getty Images Diversified Energy (OTCQX:DEC) said Wednesday it agreed to acquire east Texas natural gas properties and related facilities from Crescent Pass Energy in an all-stock deal valued at ~$106M. Diversified Energy (OTCQX:DEC) said the assets include 827 net operated PDP wells that are expected to add 38MContinue Reading
sitox Pineapple Energy (NASDAQ:PEGY) +66.2% pre-market Tuesday after announcing a partnership with Conduit Capital that will include two new board members and the resignation of its CFO. Pineapple (PEGY) said Conduit Capital will provide structural internal support, staffing, and assistance with capital raising activities, as well as add key talentContinue Reading
Vermilion Energy (NYSE:VET) on Monday announced that the Toronto Stock Exchange has approved the notice of the company’s intention to commence a normal course issuer bid (“NCIB”). The NCIB allows Vermilion to purchase up to 15.69M common shares, representing about 10% of its public float as at June 28, 2024,Continue Reading
