Latest news with #AnthonyCrowdell
Business Insider
3 days ago
- Business
- Business Insider
NextEra Energy (NEE) Receives a Hold from Mizuho Securities
In a report released on July 24, Anthony Crowdell from Mizuho Securities maintained a Hold rating on NextEra Energy, with a price target of $74.00. The company's shares closed yesterday at $71.85. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Crowdell is a 5-star analyst with an average return of 6.3% and a 68.60% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Consolidated Edison, Evergy, and Centerpoint Energy. In addition to Mizuho Securities, NextEra Energy also received a Hold from Bank of America Securities's Ross Fowler in a report issued on July 24. However, yesterday, TR | OpenAI – 4o reiterated a Buy rating on NextEra Energy (NYSE: NEE). The company has a one-year high of $86.10 and a one-year low of $61.72. Currently, NextEra Energy has an average volume of 12.43M.
CNBC
20-06-2025
- Business
- CNBC
Crowdell: The outlook for utilities has never looked better
Anthony Crowdell, Senior Analyst at Mizuho Americas, says utilities are thriving with rising CapEx, data center demand, and possible Fed rate cuts, while still offering defensive value and strong earnings.
Yahoo
03-06-2025
- Business
- Yahoo
Will new nuclear energy deals generate FOMO mentality in Big Tech?
Constellation Energy (CEG) has inked a 20-year deal to provide tech giant Meta Platforms (META) with power from its clean nuclear energy plant starting in 2027. Mizuho Americas managing director and senior analyst of utilities Anthony Crowdell discusses the Constellation-Meta deal, as well as other energy agreements as grid demand soars to power AI data centers, and the regulation around nuclear plants after President Trump signed an executive order in May to ease restrictions around nuclear reactor development. Catch Yahoo Finance's interview with Nano Nuclear Energy founder, executive chairman, and president Jay Yu on the nuclear energy landscape. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Constellation and Meta inked a 20-year power deal, and as part of it, the output from the Clinton Clean Energy Center in Illinois will support Meta's clean energy goals. The agreement comes as the social media giant's energy demand soared due to its AI data center expansion. Mizuho Americas Managing Director and Senior Analyst Anthony Crowdell joins us now to discuss. Anthony, this is just the latest. We've had these deals coming, um, sort of trickling out now. Um, what is your best estimate of the sort of terms of this deal, how it compares to what we've heard thus far and sort of what it could tell us about future deals? Sure. So, so lots to unpack there. Good afternoon. And I think, you know, when you think of the existing deals we've seen, maybe it's two. We saw the Talon Amazon deal, which was pricing around $70 a megawatt hour. That deal's still being challenged at the federal energy regulatory commission, but we'll include that deal and include the pricing of $70. The only other deal we really saw was the Microsoft Three Mile Island. And what was unique about that deal, that was about bringing new nuclear power on. It was the Three Mile Island plant, now called the Train Energy Center, bringing that back online. And when you look at the pricing there, it's probably about 90, 95 adding tax credits, clean energy credits. You're probably at a whopping like $145, but again, Microsoft paying that. So, there's been deals. This may be the third deal, or a third deal with nuclear plants, but each very unique. And so this is kind of the first deal, that's what we're going to use the term, in front of the meter, where we call it just like kind of a virtual PPA. And it takes the output of the Clinton Energy or Clinton nuclear plant in Illinois. And best we could do with pricing is maybe somewhere around $75 to $80 a megawatt hour. Um, very good price. Forward curve for power in that part of Illinois, around the clock, maybe somewhere $40ish dollars, $45. So there's a very nice contract, relative to where the forward curve is. Um, but it's the first contract we've really seen with existing nuclear plant, that's in front of the meter. Your question of what this means for additional contracts, I mean, that'll be interesting. Obviously, this is now the mark. Let's just call it $80. Uh, this will be the mark of where they're going to be judged at. But does this create a scarcity or FOMO mentality where other large tech now jump in to get that? That's what we want to see. But I think, seeing the stock price today, and you put a great chart on there, I think news it really spiked up, but maybe as people were maybe over their skis, thinking we saw $100 or referenced the Microsoft price earlier, $100 or north of $100. As that trickled down to maybe it's an $80 price, which is still attractive, but clearly fully priced in, I think we're looking at it right now, the stock is down a dollar. Anthony, I'm curious. The Trump administration, fans of nuclear. You saw the president signed that executive order late last month. What do you think the impact of that EO could be on the industry long term, Anthony? With, with the exception, if you think big tech comes in and tells a IPP, independent power producer or a utility, you could use our balance sheet to build a nuclear plant. Meaning any cost overruns you have with construction, supply chain issues, Google is going to underwrite all of that and said, we got you covered, bud. We're going to pay for any cost overruns. Aside from that, the executive order will mean absolutely nothing. I do not see, I mean, Constellation is the best operator in the space. They have the deepest nuclear bench. They are, if anyone's going to build a nuclear plant, it would be Constellation. And right now, Constellation said we are not building it on their balance sheet. Again, if Meta made a deal with them tomorrow that said, let's build the plant together and we will take all the risk and cost overruns, I think that's all you will see. So I'm not expecting you're going to see any real change in how many nuclear plants are being developed in this country right now. And it, so far, it's zero. 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
Yahoo
03-06-2025
- Business
- Yahoo
Will new nuclear energy deals generate FOMO mentality in Big Tech?
Constellation Energy (CEG) has inked a 20-year deal to provide tech giant Meta Platforms (META) with power from its clean nuclear energy plant starting in 2027. Mizuho Americas managing director and senior analyst of utilities Anthony Crowdell discusses the Constellation-Meta deal, as well as other energy agreements as grid demand soars to power AI data centers, and the regulation around nuclear plants after President Trump signed an executive order in May to ease restrictions around nuclear reactor development. Catch Yahoo Finance's interview with Nano Nuclear Energy founder, executive chairman, and president Jay Yu on the nuclear energy landscape. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. 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
Yahoo
31-01-2025
- Business
- Yahoo
'Tourists' who invaded utilities have gotten a wild ride: Morning Brief
Power providers' stock performance over the past year has mirrored the industry they were drafting on. The S&P Utility Index climbed 20% in 2024, with names like Vistra and Constellation Energy soaring far more. In fact, Vistra, which owns both power generation and retail electricity operations, rose 258% last year, topping Nvidia. That increase was predicated on the idea that these typically snoozy companies would see a sea change in growth based on demand for power for AI data centers. One catalyst was Microsoft's commitment to Constellation Energy last year to buy power at far above-market rates from a restarted Three Mile Island nuclear reactor. The stock surge has been quite a shift for a sector that investors usually favor for its stability and dividend payouts. For some longtime analysts, it has meant utility stocks have gotten ahead of themselves. 'This is what happens when tourists invade a value space and they just push these stocks up to huge valuations,' Anthony Crowdell, who covers the sector for Mizuho, told Yahoo Finance in an interview. He emphasized that while there's speculation of further Microsoft-style deals, it is so far the only one. And then DeepSeek's R1 release brought the momentum to a screeching halt after it triggered questions about whether generative AI training and inference can happen more efficiently, meaning less power will be needed. The lofty valuations made for long falls — Constellation opened Monday around 20% down from Friday's close. With the tech sector, investors have become accustomed to big growth and big valuations, as well as the volatility that can sometimes accompany shifting expectations. While some have argued that AI will revolutionize how people live and work and predict more growth for megacap tech stocks, it's more of a continuation of their existing business than a fundamental reworking. Contrast that with utilities, a classic value sector (that is, lower growth and lower price-to-earnings ratio) that has been trading like growth. Some analysts still see it that way. 'We believe that this sell-off was an overreaction to this news, and data center demand is likely to continue over the intermediate term,' Bank of America analysts led by Ross Fowler wrote in a note to clients this week. Still, they acknowledged, 'The longer term has a lower probability of the mega growth bull case, and there is a slightly higher downside risk to efficiency gains sooner than we anticipate.' The so-called hyperscalers — giants like Alphabet, Microsoft, and Amazon — haven't indicated they're slowing down their data center buildouts. Indeed, on Microsoft's earnings call, CFO Amy Hood said the company's constraints on this front have been 'power and space.' That brought the 'tourists' flooding back to utility shares on Thursday. A longer stay might depend on whether tech giants' spending plans convert to actual agreements with utilities. Click here for in-depth analysis of the latest stock market news and events moving stock prices Sign in to access your portfolio
