Latest news with #powergeneration
Bloomberg
a day ago
- Business
- Bloomberg
US Gulf Coast to Help Supply Record Mediterranean Diesel Imports
Refiners on the US Gulf Coast are set to send increasing amounts of diesel to Europe, a burgeoning trade that could last through summer, according to an analysis by Vortexa. Higher power-generation demand in the Mediterranean is expected to drive the gains, which already boosted freight rates 40% in the week ended June 16, Vortexa said.
Yahoo
a day ago
- Business
- Yahoo
Is Generac Holdings Stock Underperforming the Nasdaq?
With a market cap of $8 billion, Waukesha, Wisconsin-based Generac Holdings Inc. (GNRC) is a manufacturer of power generation equipment, energy storage systems, and other power products, including portable, residential, commercial, and industrial generators. Companies worth $2 billion to $10 billion are typically referred to as "mid-cap stocks." GNRC fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the industrial space, offering a worldwide distribution of its energy technology products and solutions. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Is United Health Stock a Buy, Hold or Sell for July 2025? Dear Micron Stock Fans, Mark Your Calendars for June 25 Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. GNRC currently trades 28.9% below its two-year high of $195.94 recorded on Nov. 11, 2024. GNRC's stock has gained 2.4% over the past three months, underperforming the Nasdaq Composite's ($NASX) 9.3% uptick during the same time frame. In the long term, GNRC stock has declined 10.1% on a YTD basis, underperforming the Nasdaq's 3.4% increase. Moreover, shares of GNRC grew 2.4% over the past 52 weeks, notably underperforming Nasdaq's 12.7% returns over the same period. GNRC stock has been trading below its 200-day moving average since late January, but climbed above its 50-day moving average in mid-May. Generac Holdings' stock prices gained more than 1% after the release of its impressive Q1 results on Apr. 30. The increased number of power outages continued to drive growth for the company's home standby generator, leading to robust growth in residential product sales. This led to Generac's net sales growing 5.9% year-over-year to $942.1 million, surpassing the Street's expectations by 2.5%. Furthermore, Generac has also experienced notable margin expansion, leading to its adjusted net income soaring 42.3% year-over-year to $75.4 million. Moreover, its adjusted EPS of $1.26 surpassed the consensus estimates by a staggering 27.3%. Despite the solid Q1 performance, Generac has turned more uncertain about the company's full-year performance due to the potential impact of tariffs and volatile government policies and macro environment. The company revised its net sales growth guidance from the previous range of 3% - 7% to 0% - 7% and its adjusted EBITDA margin from the prior range of 18% - 19% to 17% - 19%. Its peer, A. O. Smith Corporation (AOS), has declined 21.6% over the past year, underperforming the GNRC stock. Among the 22 analysts covering the GNRC stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $148.78 suggests a 6.7% 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 Sign in to access your portfolio
Wall Street Journal
a day ago
- Business
- Wall Street Journal
Trump Preps Actions to Boost Power Supply for AI
The Trump administration is weighing executive orders to increase power generation and meet demand from artificial intelligence, people familiar with the matter said. The moves could include giving federal land to tech companies for the data centers needed to train AI models and expediting grid connections and permitting for more advanced power generation projects. The orders could coincide with the release of Trump's AI action plan, which is expected to outline the administration's proposal to win the AI race with China. The plan is scheduled to be released next month. Reuters earlier reported the planned energy executive orders. The Biden administration took some similar steps, putting out an executive order on siting data centers on federal lands in its final days. Trump's team hopes to go beyond that order with further-reaching directives, the people said.
Zawya
3 days ago
- Business
- Zawya
Dubai: Azizi sets up new entity to develop key power projects
Azizi Group, a leading Dubai-based developer, has set up a new entity that will focus on the development and delivery of power generation and energy infrastructure projects across emerging markets. Operating under the trade name Azizi Energy Investments, the new entity marks Azizi Group's expansion into the energy sector, with initial efforts concentrated in Asia, starting with Afghanistan. Azizi Energy, headquartered in Dubai, will focus on the development, financing, construction, and operation of power projects across coal, gas, hydro, wind, and solar, in addition to key energy infrastructure including gas pipelines and electricity transmission networks. The emirati developer said Azizi Energy will address the growing global demand for reliable, sustainable power by combining advanced technologies with international expertise. Its mission is to contribute to energy security, reduce reliance on imported supply, and support economic development in markets where supply gaps remain a major barrier. With a focus on long-term impact and compliance with international standards, the company's projects will align with a vision for sustainability and the global shift toward continuous, cleaner energy, it stated. On the new venture, Founder and Chairman Mirwais Azizi said: "The launch of Azizi Energy reflects our continued push to diversify and grow across high-impact industries. This new venture builds on our legacy in real estate and our belief in supporting communities through large-scale, future-oriented solutions." "Azizi Energy will deliver innovative energy projects that create long-term value, beginning in Afghanistan, where we aim to contribute a generation mix of approximately 10,000 MW – delivering power and enabling prosperity for the Afghan people," stated Azizi. The new venture is led by Korkut Öztürkmen, an experienced executive with over 30 years in the global energy industry. His background includes senior roles in both conventional and renewable power, international project development, and corporate strategy across Europe, Asia, and the Middle East. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Bloomberg
4 days ago
- Business
- Bloomberg
Marubeni Boosts Power Role in Singapore by Raising Senoko Stake
Japan's Marubeni Corp. has raised its stake in Senoko Energy Pte to 50%, after acquiring shares in the Singaporean power generator's holding company. The trading house said in a statement on Wednesday it increased its stake from 30% after buying the shares in Lion Power 2008 Pte from its Japanese co-investors. Financial terms weren't disclosed. Following the acquisition, Marubeni will jointly hold Senoko with Singapore's Sembcorp Utilities Pte.
