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Yates to provide preconstruction services for T1's Texas solar cell facility

Yates to provide preconstruction services for T1's Texas solar cell facility

Yahoo17-06-2025
Energy solutions provider T1 Energy has appointed Yates Construction for preconstruction services and site preparations for its $850m G2_Austin 5GW solar cell facility in the US.
The commissioners of Milam County, Texas, have unanimously voted to offer T1 Energy a long-term tax abatement package, contingent upon the company meeting or surpassing specific employment and investment benchmarks at the facility.
The solar facility is anticipated to start production by the end of 2026 and generate up to 1,800 full-time jobs.
G2_Austin is a component of T1 Energy's strategy to establish a domestic solar and battery supply chain. According to T1, this initiative aims to provide the US with 'scalable' and 'low-cost' energy solutions.
The project is a response to the Trump Administration's tariffs and policies that support American advanced manufacturing, jobs, and energy dominance, stated the energy solutions supplier.
T1 CEO and board chairman Daniel Barcelo said: 'Solar energy is a foundational part of American power grids. Our facilities will manufacture solar cells and modules to invigorate our economy with abundant energy. We're excited to work with Yates and Milam County to bring American advanced manufacturing to the heart of Texas and to unlock our most scalable energy resources'.
In conjunction with the company's operational G1_Dallas 5GW solar module facility, T1 Energy plans to meet the increasing demand for US-made solar cells and modules, utilising advanced TOPCon technology.
T1 Energy has engaged Yates to deliver preconstruction services for G2Austin and expects to finalise the commercial terms to confirm the company's appointment as general contractor for the project.
Yates Construction joins SSOE Group, an architecture and engineering company that has been involved in project engineering for G2_Austin since December 2024.
Yates Construction President and CEO William G Yates III said: "We look forward to working with T1 Energy and leveraging our extensive experience in advanced manufacturing facility construction. This is an exciting project, and Yates Construction is committed to being a collaborative partner throughout the execution of the project."
"Yates to provide preconstruction services for T1's Texas solar cell facility" was originally created and published by World Construction Network, a GlobalData owned brand.
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Stock market today: Dow, S&P 500, Nasdaq waver as Wall Street eyes earnings, trade tensions
Stock market today: Dow, S&P 500, Nasdaq waver as Wall Street eyes earnings, trade tensions

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Stock market today: Dow, S&P 500, Nasdaq waver as Wall Street eyes earnings, trade tensions

US stocks pushed higher on Tuesday as Wall Street regained its balance after a tumultuous week and took in the latest wave of corporate earnings. The benchmark S&P 500 (^GSPC) inched up 0.2%, while the blue-chip Dow Jones Industrial Average (^DJI) rose 0.3%. The Nasdaq Composite (^IXIC) was down bout 0.1%. Palantir (PLTR) stock jumped 9% in early trading after the company's earnings report beat expectations and revealed its revenue had topped $1 billion in a quarter for the first time. On Monday, stocks sharply rebounded after tanking on Friday in the aftermath of a number of market-shaking events, including a weak jobs report, fresh tariffs, new signs of rising prices, and President Trump's firing of the commissioner of the Bureau of Labor Statistics. Meanwhile, Trump continued to amp up pressure on trade Monday, threatening to hike tariffs on India. Separately, in a Tuesday morning interview with CNBC Trump said pharmaceutical imports could see tariffs of up to 250%. 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Trending tickers in premarket trading: Pfizer, Palantir, Caterpillar Companies reporting earnings topped Yahoo Finance's trending tickers list on Tuesday. Here's a look at how they're trading 30 minutes before the opening bell: Read more live coverage of corporate earnings here. Companies reporting earnings topped Yahoo Finance's trending tickers list on Tuesday. Here's a look at how they're trading 30 minutes before the opening bell: Read more live coverage of corporate earnings here. Palantir stock surges on Q2 beat and raise Palantir (PLTR) stock climbed 7% higher in premarket trading on Tuesday following the AI software company's blowout second quarter earnings report on Monday afternoon. Palantir's revenue topped $1 billion in a quarter for the first time as the company dodged government contract spending cuts and reported beat-and-raise results. Year to date, Palantir stock is up 112%. Yahoo Finance's Jake Conley reports: Read more here. 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Countries push for last-minute deals as Thursday tariff deadline looms; Trump claims 'people love the tariffs'
Countries push for last-minute deals as Thursday tariff deadline looms; Trump claims 'people love the tariffs'

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Countries push for last-minute deals as Thursday tariff deadline looms; Trump claims 'people love the tariffs'

A dizzying array of trade crosscurrents continued Tuesday with a push for last-minute deals, lingering fuzziness on previously announced trade commitments, and indications that a deal to delay tariffs on China is "close." It all comes as global importers brace for a first deadline coming Thursday morning, when Donald Trump promises to implement a central plank of his trade agenda in the form of a tiered approach to "reciprocal" tariffs from 10% to 50%. The president has repeatedly said he's full-speed ahead on his plans and that no delays are likely — even teasing on CNBC Tuesday morning that he probably won't run for president again but that he'd like to, in part because, in his view, "people love the tariffs." (Trump is, of course, barred by the Constitution from running for a third term, but he's often floated the idea.) Some countries clearly aren't big fans at the moment and find themselves on the outside looking in — particularly Switzerland and India. Those two nations face notably divergent situations right now, with the Swiss president announcing she is flying to Washington, D.C., today to try to find last-minute concessions to avert a 39% tariff on goods from her nation. India, meanwhile, has seen its chances of a deal dwindle, with top aides for Indian Prime Minister Narendra Modi also reportedly traveling this week — but to Moscow. Trump downplayed the chances of major concessions with Switzerland during his call with CNBC Tuesday morning and added regarding India that "we settled on 25% [tariffs], but I think I am going to raise that very substantially over the next 24 hours." Trump also weighed in Tuesday morning on talks with China. Markets are closely watching for any signs of an agreement to delay a tariff snapback scheduled for Aug. 12, with Trump saying, "We're getting very close to a deal." The president also added that new sector-specific tariffs on semiconductors and pharmaceuticals are likely and that at least those pharmaceutical tariffs could be announced "within the next week or so." Read more: What Trump's tariffs mean for the economy and your wallet New details for some nations — and a focus on India and Switzerland Meanwhile, there is also some new clarity on some technical details around how the new tariff landscape will likely work beginning at 12:01 a.m. ET on Thursday. US customs officials this week offered additional technical guidance in a new document about how it'll handle some tariff exemptions. The news there may give some select importers a short-term breather. But with a full tally, according to Bloomberg Economics, the average US tariff rate is now expected to rise to 15.2% if duties go forward as planned. That's a jump from current rates of 13.3% and another jump from the 2.3% duties seen in 2024 before Trump took office. That overall landscape set to be in effect Thursday will cover nearly every country on the globe. It also comes after Trump and his team set "bespoke" rates largely based on the trade deficit, with many of America's top trading partners seeing a key new standard of 15% tariff, while others will see higher rates. Read more: 5 ways to tariff-proof your finances Countries from the European Union to South Korea to Japan also struck deals at that 15% rate, but open questions remain. Japan's top trade negotiator is also reportedly due in Washington, D.C., this week for talks to ensure that a plan proceeds to cut auto tariffs to 15%. Likewise, talks with the EU continue as negotiators there are reportedly still pushing for exemptions, such as on wine and spirits. Other Asian countries have struck deals in the 19%-20% range. Trade Representative Jamieson Greer recently said on CBS that the published rates included many agreements, "some of these deals are announced, some are not," with other nations simply being dictated tariffs based on the level of the trade deficit. Switzerland is one nation for which the US has dictated tariffs. Its delegation will be in Washington on Tuesday, set to push for lower rates. But on Tuesday morning, Trump suggested that it would be an uphill climb and that a recent call with the country didn't go well because "they essentially pay no tariffs," even as talks are clearly set to continue there. Meanwhile, any immediate offramp with India appears unlikely because of that nation's connections with Russia and Russian oil. A note Tuesday from Capital Economics suggested that India could, in theory, offer concessions to diversify its energy sources, "but we doubt that India would make a wholehearted effort to wean itself off Russian oil [as it could upset relations and] it would not play well to be seen caving to Trump's demands." At the same time, reports from Bloomberg and the Times of India revealed that two top aides to Indian Prime Minister Narendra Modi are traveling not to the US but to Russia in the coming days and weeks, even amid Trump's ever-escalating threats. Trump on Tuesday morning suggested talks are on ice for now and will be complicated when they resume, adding that "the sticking point with India is that tariffs are too high." Ben Werschkul is a Washington correspondent for Yahoo Finance. Click here for political news related to business and money policies that will shape tomorrow's stock prices Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati

Why Advanced Micro Devices Rallied Over 24% in July
Why Advanced Micro Devices Rallied Over 24% in July

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Why Advanced Micro Devices Rallied Over 24% in July

Key Points AMD was allowed to resume modified AI GPU shipments to China. A South Korean news outlet reported that AMD is raising prices on its AI GPUs. Investors are growing more enthusiastic AMD will become a second source to Nvidia. 10 stocks we like better than Advanced Micro Devices › Shares of Advanced Micro Devices (NASDAQ: AMD) rallied 24.2% in July, according to data from S&P Global Market Intelligence. AMD had a great month, as its toned-down artificial intelligence graphics processing units (AI GPUs) were approved for sale into China, just as rival Nvidia (NASDAQ: NVDA) was cleared to recommence sales of its H20 chip. AMD then got an end-of-month boost when a South Korean news outlet reported that AMD was substantially increasing the price of its Instinct AI GPUs, showing off some pricing power on its most important product. AI stocks get a boost from Trump and increased demand Artificial intelligence stocks generally had a pretty good month in July. All of the big cloud hyperscalers increased their outlooks for capital expenditures going to AI data centers, and AMD will undoubtedly be a beneficiary of this as it seeks to become a trusted second source behind Nvidia. The positive AI sentiment also probably got a boost from the Trump administration's midmonth unveiling of its "AI Action Plan." While there were several aspects to the 30-page plan, it appears to mostly be a deregulatory document aimed at speeding up the approval and construction of AI data centers. AMD saw some of the fruits of this de-regulation on July 15, when the Commerce Department apparently told AMD that it would soon approve shipments of the company's MI308 AI chip to China. Like Nvidia's H20, the MI308 is AMD's toned-down version of its Instinct GPU for the Chinese market. AMD had warned last quarter that the restrictions of the MI308 could cost the company up to $800 million in writedowns. But now, AMD is set to realize that revenue, which is also likely to come at high margins. Finally, South Korean news outlet Newsis reported that AMD has raised the price of its Instinct MI350 AI accelerator from $15,000 to $25,000, good for a 67% increase. Although the hasn't confirmed it yet, if true, the price increase could indicate increased demand for the Instinct at major cloud companies. Up until now, AMD may have had to cut prices for major AI customers to try the Instinct over Nvidia's Blackwell chips. The price increase apparently shows that there's enough demand for Instinct and its price-performance characteristics. While the Instinct systems are still probably priced at a discount to Nvidia's Blackwell, the price increase seems to show AMD is more confident about Instinct's competitiveness. AMD reports today Investors will get more information when AMD reports earnings after the close today. Analysts expect revenue of $7.43 billion and earnings per share of $0.48, good for 27% and 30% growth, respectively. The stock has had a great run off the April lows, more than doubling to trade at 44 times this year's earnings estimates. So it may be difficult for AMD to top those lofty expectations, at least in the near term. Should you buy stock in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $631,505!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,103,313!* Now, it's worth noting Stock Advisor's total average return is 1,039% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Why Advanced Micro Devices Rallied Over 24% in July was originally published by The Motley Fool

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