Latest news with #AEE
Reuters
2 hours ago
- Business
- Reuters
EU court rules against green groups trying to block Spanish wind farms
MADRID, Aug 1 (Reuters) - The European Court of Justice on Friday dealt a blow to environmental groups trying to stop wind farms from being built in Spain's northwestern Galicia region, in a ruling affecting billions of euros of investment. Companies developing wind farms in Galicia and regional authorities welcomed the decision, which is a setback to opponents' strategy of using the courts to block plans they say encroach on the environment and the lives of local people. The court rejected the environmentalists' argument that the public's rights to consultation had been violated. The decision affects dozens of planned wind projects that were approved by the regional government and then halted by the highest regional court after locals and environmental groups filed hundreds of lawsuits. Last year, the Galician court asked the European Court of Justice to rule on whether Galician and Spanish laws comply with EU access to information rules in the permitting process. Carmen Bouso from the regional government's environment department said the court's decision "clearly and emphatically supports" the procedures used to approve wind energy projects and the government's full respect of the public's rights to participate in the process. She urged regional judges to resume their consideration of lawsuits that they had put on hold pending the ruling of the European court. The AEE, a Spanish wind industry group, welcomed the ruling as "a key step toward restoring legal certainty" in the region. "Now it's time to act quickly and responsibly so that the projects that have been stalled until now can resume operations as soon as possible," AEE General Director Juan Virgilio Marquez said. There are 92 wind farms targeted by legal actions in Galicia, 86 of which have been halted before construction started, according to data provided by regional authorities. They involve an estimated investment of 3 billion euros ($3.42 billion) and have a total planned capacity of almost 2.5 gigawatts (GW). ($1 = 0.8762 euros)
Yahoo
5 hours ago
- Business
- Yahoo
Ameren (AEE) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Ameren (AEE) reported $2.22 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 31.2%. EPS of $1.01 for the same period compares to $0.97 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of +20.65%. The company delivered an EPS surprise of +1%, with the consensus EPS estimate being $1.00. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Ameren performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Electric Sales - Ameren Total: 15,672.00 GWh compared to the 17,176.59 GWh average estimate based on two analysts. Electric Revenues- Ameren Missouri- Total: $1.32 billion versus $951.36 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +52.2% change. Electric Revenues- Ameren Illinois Electric Distribution- Total: $573 million versus $542 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.6% change. Electric Revenues- Ameren Transmission- Total: $208 million compared to the $206.52 million average estimate based on two analysts. The reported number represents a change of +8.9% year over year. Operating Revenues- Natural gas: $183 million compared to the $175.2 million average estimate based on two analysts. The reported number represents a change of +6.4% year over year. Gas Revenues- Ameren Illinois Natural Gas: $158 million versus the two-analyst average estimate of $152.05 million. The reported number represents a year-over-year change of +6.8%. Operating Revenues- Electric: $2.04 billion versus the two-analyst average estimate of $1.62 billion. The reported number represents a year-over-year change of +34%. Gas Revenues- Ameren Missouri: $25 million compared to the $23.41 million average estimate based on two analysts. The reported number represents a change of +4.2% year over year. View all Key Company Metrics for Ameren here>>> Shares of Ameren have returned +4.6% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ameren Corporation (AEE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hindu
7 days ago
- Business
- The Hindu
Key stretch near Arunachaleswara temple in Tiruvannamalai to be widened
The State Highways will soon widen the existing narrow Tiruvannamalai Road near Arunachaleswara temple in the town to provide more road space especially for ambulances, government buses and school vans on the route. Officials of State Highways said that the narrow stretch is a key route to connect surrounding villages with the town. It also provides a short route for long distance travellers and pilgrims to reach the town, especially the 14-km-long Girivalam Path and the temple. 'The stretch near the road over bridge, will be widened to provide more road space for motorists and pedestrians. Adequate land on both sides of the bridge will be acquired for the purpose,' S. Anbarasu, Assistant Executive Engineer (AEE), State Highways (Tiruvannamalai), told The Hindu. Widening work will be funded under the Chief Minister Road Development Project (CMRDP). The stretch will be widened from the existing seven metres to 10.5 metres to utilize the unused road space and will acquire private land. The work will be done in coordination with Tiruvannamalai Corporation, police and Tangedco as key water pipelines from Sathanur dam for domestic consumption within the civic body passes through the stretch. 'During rush hour, school vehicles, government buses and office goers find it difficult to navigate the narrow carriageway, resulting in traffic congestion. The widening of the stretch is a welcome measure,' said P. Bhaskan, secretary, Tiruvannamalai All Traders' Association. As part of land acquisition for the work, Collector K. Tharpagaraj chaired a meeting with stakeholders including officials from Revenue Department, State Highways, Corporation, police to fasten the process and compensate affected families on the route. Highway officials said that 1.90 of land should be acquired on both sides of the stretch to widen it. Except for a few government buildings like the market committee building, most of the land is owned by private individuals. As per plan, the stretch will be widened to a distance of 425 metres especially below the bridge to allow vehicles to navigate easily within the town. The existing narrow storm water drain on both sides of the stretch will be widened to discharge excess rainwater and prevent inundation of the town during monsoon. Each drain will be three feet wide and four feet deep. Tiled footpaths will be laid on the widened drain to allow pedestrians to use the space rather than walking on the carriageway. Also, separate space, which measures 50 cm wide, between the drain and carriageway is being laid with pavement blocks for utility works including electrical lines and internet cables. It will prevent unnecessary road cutting works to attend to any fault in these lines on the stretch. The entire work will start in the coming months.
Yahoo
23-07-2025
- Business
- Yahoo
What You Need To Know Ahead of Ameren's Earnings Release
Saint Louis, Missouri-based Ameren Corporation (AEE) generates and distributes electricity and natural gas to residential, commercial, industrial, and wholesale end markets in Missouri and Illinois. With a market cap of $26.8 billion, Ameren operates through Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission segments. The utilities major is set to unveil its Q2 results after the market closes on Thursday, Jul. 31. Ahead of the event, analysts expect AEE to report a non-GAAP profit of $1.01 per share, 4.1% up from $0.97 per share reported in the year-ago quarter. While the company has surpassed Wall Street's earnings projections once over the past four quarters, it has missed the estimates on three other occasions. More News from Barchart Opendoor Stock Is Surging Higher in a Frenzied Retail Rally. How Should You Play OPEN Shares Here? Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer Analysts Are Cutting Their Price Targets for UnitedHealth Stock Before Q2 Earnings. Is It Time to Ditch Shares? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For the full fiscal 2025, AEE is expected to deliver an EPS of $4.94, up 6.7% from $4.63 reported in fiscal 2024. In fiscal 2026, its earnings are expected to further grow 7.5% year-over-year to $5.31 per share. Ameren's stock prices have soared 33.3% over the past 52 weeks, significantly outperforming the S&P 500 Index's ($SPX) 13.4% returns and the Utilities Select Sector SPDR Fund's (XLU) 20.3% gains during the same time frame. Ameren's stock prices gained 1.4% in the trading session after the release of its mixed Q1 results on May 1. The company's operating revenues from electric sales soared 18.9% year-over-year to $1.6 billion, along with a notable uptick in natural gas sales to $475 million. This led to its overall revenues growing 15.5% year-over-year to $2.1 billion, surpassing the consensus estimates by 5.7%. However, Ameren's profitability didn't flare as expected, due to an increase in operating and interest expenses. Its non-GAAP EPS grew by a modest 4.9% compared to the year-ago quarter to $1.07, and missed the Street's expectations by 93 bps. Nevertheless, the stock maintains a consensus 'Moderate Buy' rating overall. Of the 15 analysts covering the AEE stock, opinions include nine 'Strong Buys' and six 'Holds.' Its mean price target of $105 suggests a modest 4% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
The Hindu
09-07-2025
- The Hindu
KHB employee among three booked for selling govt site
The Lokayukta police on Wednesday booked an Assistant Executive Engineer (AEE) with Karnataka Housing Board (KHB) and two private individuals, for illegally selling a KHB site for ₹10 crore in Yelahanka New Town, causing a loss to the exchequer. The accused Syed Asghar, AEE with KHB (Yelahanka New Town) was arrested along with Govindaiah and Harini Satish from T. Dasarahalli, charging them under Prevention of Corruption Act, 1988 and also under section 409 (criminal breach of trust by a public servant), 420 (cheating), and 468 (forgery for the purpose of cheating) of Indian Penal Code. According to the Lokayukta police, Asghar sold KHB site 271 'A' Sector site measuring 50.5 x 80 ft to Govindaiah and Harini, causing wrongful loss to the government. The suspects have been issued notices to appear for an inquiry, a senior officer said. The role of a fourth suspect is yet to be established. On Wednesday, Lokayukta police launched raids at the KHB's Yelahanka New Town office and the residences of Asghar and Govindaiah. Officials said that the searches yielded documents and their photocopies related to the site.
