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Washington Post
23 minutes ago
- Washington Post
Motorcar Parts: Fiscal Q4 Earnings Snapshot
TORRANCE, Calif. — TORRANCE, Calif. — Motorcar Parts of America Inc. (MPAA) on Monday reported a loss of $722,000 in its fiscal fourth quarter. The Torrance, California-based company said it had a loss of 4 cents per share. Earnings, adjusted for one-time gains and costs, came to 28 cents per share. The maker of remanufactured vehicle alternators and starters posted revenue of $193.1 million in the period. For the year, the company reported a loss of $19.5 million, or 99 cents per share. Revenue was reported as $757.4 million. Motorcar Parts expects full-year revenue in the range of $780 million to $800 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on MPAA at
E&E News
24 minutes ago
- E&E News
Central US grid could face power deficit by summer 2027
The grid spanning the central U.S. should have adequate electric generation next summer, but the longer-term outlook is clouded with uncertainty, according to an analysis by the Midcontinent Independent System Operator and state regulators. The grid operator is facing a familiar challenge: Data centers and other large new sources of demand are making it harder to guarantee ample electricity generation as power companies close aging, centralized coal plants in favor of renewable resources and natural gas. The result is tightening supplies and rising reliability risks, especially during extreme weather events. MISO, which spans a corridor of the central U.S. from the Gulf Coast into Canada, projects to have a surplus of generating capacity of 1.4 gigawatts to 6.4 GW during the summer of 2026. But the region could face a 1.4 GW deficit as soon as a year later, according to the survey of generators by the grid operator and the Organization of MISO States, a group of state regulators. Advertisement 'The survey reinforces the importance of accelerating new resource additions and carefully managing retirements as demand continues to grow,' MISO CEO John Bear said in a statement.
E&E News
24 minutes ago
- E&E News
House Republicans plan scrutiny of Clean Air Act rules
House Republicans are again taking aim at the Clean Air Act, citing the need to bolster the United States' global competitiveness. The Energy and Commerce Subcommittee on Environment will hold a hearing this week titled 'Short-Circuiting Progress: How the Clean Air Act Impacts Building Necessary Infrastructure and Onshoring American Innovation.' 'American innovation should not be stifled by unreasonable government red tape and regulatory overreach,' said committee Chair Brett Guthrie (R-Ky.) and subcommittee Chair Morgan Griffith (R-Va.) in a statement. Advertisement The hearing will be the latest in recent years to focus on various aspects of the landmark environmental law, which was last amended in 1990.
