logo
AEP announces limited access at Joshua Falls while site assessed for SMRs

AEP announces limited access at Joshua Falls while site assessed for SMRs

Yahoo17-02-2025
CAMPBELL COUNTY, Va. (WFXR) – Starting in March, Appalachian Power crews will begin work at the company-owned Joshua Falls property causing limited access to the boat ramp and parking lot for residents.
Access to the boat ramp and parking lot will be limited to ensure the safety of the workers and residents. The ramp is 9 miles downstream from downtown Lynchburg and along the James River.
Temporary closures will take place, however, due to weather, some closures may not be scheduled but will be managed by onsite traffic control with other safety measures.
Crews are making efforts to open the parking lot and boat ramp on the weekends with reduced parking during the week.
Tree removal and access road construction will take place along with installing a meteorological tower and taking water and soil samples, which will be throughout this year.
AEP crews restore 95% of customers in SW and Central Virginia
'We understand how important this boat ramp is to the public and surrounding communities,' said George Porter, Appalachian Power spokesperson. 'We will continue to work with all stakeholders to find the ideal solution that ensures safety for crews and recreational users of the James River.'
The work is a part of the Appalachian Power's Early Site Permit (ESP) application process to evaluate if Joshua Falls is a suitable location for a Small Modular Reactor (SMR).
The property is owned by Appalachian's Power parent company, American Electric Power (AEP), and is managed by Department of Wildlife Resources (DWR).
Appalachian Power's use of the SMR is an estimated decade away from permitting and regulating safe and reliable facilities to use SMRs as a suitable future energy resource.
Appalachian Power is working with state regulators, stakeholders, and leaders to meet the goals of the growing energy needs and policies.
For more information about the SMR plans in Virginia click here. To see the closures and updates to the boat ramp access click here.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GE Vernova to Invest $41M in Facility Expansion: Time to Buy the Stock?
GE Vernova to Invest $41M in Facility Expansion: Time to Buy the Stock?

Yahoo

time11 hours ago

  • Yahoo

GE Vernova to Invest $41M in Facility Expansion: Time to Buy the Stock?

GE Vernova Inc. (GEV) recently announced a plan to invest $41 million to expand generator capacity at its Schenectady, NY, facility, in a bid to meet rising global energy demand. The investment will enhance the company's gas power capacity through expanding the assembly and testing of the H65 and H84 generators, which pair with its most efficient HA gas turbines. This expansion comes as part of the company's larger plan of investing $9 billion through 2028, with GEV having announced $720 million in investments at its U.S. manufacturing facilities so far this year. This strategic expansion solidifies GE Vernova's pivotal role in the global energy transition, making it an increasingly attractive investment for those seeking a resilient and forward-looking energy stock. However, before making an investment, it would be prudent to delve deep into the company's recent performance at the bourses, future growth prospects as well as risks (if any) to investing in the same. This way, one can make an informed decision. GEV Stock Outperforms Industry, Sector & S&P 500 Shares of GE Vernova have surged an impressive 33.1% in the past three months, outperforming the Zacks Alternative-Energy industry's growth of 13.7% and the broader Zacks Oils-Energy sector's rise of 5.5%. It has also outpaced the S&P 500's growth of 10.9% over the same period. Image Source: Zacks Investment Research A similar stellar performance has been delivered by other industry players, such as Bloom Energy (BE) and Talen Energy Corp. (TLN), whose shares have surged 136.7% and 56.4%, respectively, in the past three months. What's Been Pushing GEV Stock Up? GE Vernova's advanced technologies support industries across the board in the global shift to sustainable energy, reducing emissions. Its expanding clean energy and low-carbon footprint initiatives, as mentioned below, are boosting investor confidence, which must have resulted in its significant three-month share price growth. Impressively, in July 2025, GEV received an order to supply 29 LM2500XPRESS units to Crusoe AI data centers. In the same month, GE Vernova announced second-quarter 2025 results, which highlighted a 4% increase in orders, 11% growth in revenues and a more than $5 billion rise in backlog. The company also announced its decision to acquire France's AI-specialist, Alteia, to integrate its AI-powered visual intelligence platform into utility operations. GEV also received a contract to build a critical substation in Germany. Further, its nuclear energy unit and Fortum entered into an early works agreement to enhance the potential deployment of the BWRX-300 small modular reactor (SMR) in Finland and Sweden. In June, the company announced plans to invest $50 million to establish a cutting-edge Canadian BWRX-300 Engineering and Service Centre in the Durham region near the Ontario Power Generation Darlington New Nuclear Project site. In the same month, GE Vernova received a contract to upgrade three GT26 gas turbines at Uniper's Grain power plant, starting 2026. Earlier in May, GEV secured an order for five 7H-Class gas turbines from Saudi Arabia. Will GEV Hold On To Its Winning Streak? The International Energy Agency ('IEA') projects wind to become the second largest source of global renewable electricity generation, surpassing hydropower, by 2030-end, with onshore wind capacity additions expected to almost double and continue dominating wind capacity growth. This should bode well for GE Vernova's wind business, supported by consistent investments and a 57,000-unit turbine fleet. Moreover, investments into the grid, the backbone of the electric power system, is projected to double through 2030 and overtake worldwide renewable power investment, according to the IEA. This should also benefit GE Vernova over the long run, with more than 95% of power transmission utilities in the world equipped with components from its Electrification segment. In line with this, the Zacks Consensus Estimate for GEV's long-term (three-to-five years) earnings growth rate is pegged at a solid 18%. In fact, the growing investment in renewable-sourced electricity worldwide has also been bolstering the long-term growth prospects of other clean energy stocks, such as TLN and BE. Notably, the long-term earnings growth rate for TLN is 15.5%, while that for BE is 28%. Now, let's take a quick look at GEV's near-term estimates to see if that also depicts the same growth story. Estimates for GEV The Zacks Consensus Estimate for GEV's 2025 and 2026 sales implies an improvement of 6.7% and 11.4%, respectively, year over year. A similar improvement can be witnessed in the company's 2025 and 2026 earnings estimates. Moreover, GEV's near-term earnings estimate has moved north over the past 60 days. The upward revision in earnings estimates indicates analysts' increasing confidence in the stock's earnings-generating capabilities. Image Source: Zacks Investment Research Risks of Investing in GEV Stock Despite boasting solid growth opportunities, GE Vernova does face a few challenges and a prudent investor should be aware of those. Notably, the global supply-chain crisis has been a common challenge affecting manufacturers across industries in recent times, with GE Vernova being no exception. The company relies on complex global supply networks for components used in its gas turbines, wind turbines and grid infrastructure. Specifically, it purchases approximately $20 billion in materials and components sourced from over 100 countries. Therefore, disruptions in the availability of raw materials, such as steel and rare earth elements, along with logistical delays, have affected and may adversely impact GE Vernova's production timelines and hike its input costs, thereby hurting its bottom line. Moreover, the installation and maintenance of offshore wind turbines can be particularly affected by weather-related scheduling delays due to their complex infrastructure, higher wind speeds and the challenges of accessing offshore sites. Realizing the challenging market environment of the offshore wind industry, GE Vernova has halted its engagement in new offshore wind turbine orders since last year. So, offshore wind remains a challenging business for the company. GEV Stock Trading at a Premium In terms of valuation, GEV's forward 12-month price-to-earnings (P/E) is 53.16X, a premium to its peer group's average of 15.99X. This suggests that investors will be paying a higher price than the company's expected earnings growth compared to its peers. Image Source: Zacks Investment Research Its industry peers are also trading at a premium to the peer group average. While TLN is trading at a forward 12-month earnings of 24.35X, BE is trading at 68.38X. Final Thoughts To conclude, investors interested in GE Vernova may wait for a better entry point, considering its premium valuation and challenges in the offshore wind business. However, those who already own this Zacks Rank #3 (Hold) stock may continue to retain it, given its robust price performance, consistent order wins in key clean energy segments, and solid earnings growth potential supported by optimistic sales estimates. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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 Talen Energy Corporation (TLN) : Free Stock Analysis Report Bloom Energy Corporation (BE) : Free Stock Analysis Report GE Vernova Inc. (GEV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Why Is NuScale Power Stock Sliding Right Now?
Why Is NuScale Power Stock Sliding Right Now?

Yahoo

time14 hours ago

  • Yahoo

Why Is NuScale Power Stock Sliding Right Now?

Key Points NuScale Power's shares are down by nearly 40% from their July high. A major shareholder has announced its intention to sell a large stake. The company's second-quarter results were worse than expected. 10 stocks we like better than NuScale Power › NuScale Power (NYSE: SMR) is a nuclear power start-up focused on small modular reactors (SMRs). The company is a speculative bet on small-scale nuclear power. The stock had been rising, but NuScale shares dropped 37% from July 25 to Aug. 19. What's going on? The double whammy It appears that NuScale is the victim of a pair of negative catalysts that hit in rapid succession: news of a big insider stock sale and a tepid quarterly report. On July 31, construction and engineering company Fluor Enterprises (NYSE: FLR) -- NuScale's largest shareholder -- entered into an agreement to exchange 15 million Class B shares of NuScale stock for 15 million Class A shares. The transaction took place on Aug. 12. That agreement allows Fluor to sell the shares starting on Sept. 11, subject to some daily limitations. Existing NuScale shareholders were justifiably concerned that such a massive stock sale would dilute the value of their shares, so some probably decided to sell before the lock-up period expires and a flood of new shares on the market brings the share price down. Then, on Aug. 7, NuScale reported its Q2 results, which featured lower-than-expected revenue of $8.1 million and a net loss of $0.13 per share. The company's stock dropped another 12% in response, and has only slid further since. Even so, shares are still up 82% year to date as of market close Aug. 19, crushing the S&P 500's approximately 10% gain. A risky bet NuScale's SMRs are still in the development phase. In its Q2 earnings presentation, management reiterated that it's hoping to get "a firm order by the end of 2025" for a reactor, which it would still then need to build. In the meantime, it remains a risky, speculative investment. Fluor's impending sale of NuScale stock could cause the price to drop further, so interested investors will probably want to wait before buying in. Do the experts think NuScale Power is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did NuScale Power make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,077% vs. just 185% for the S&P — that is beating the market by 892.55%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,466!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,633!* The 10 stocks that made the cut could produce monster returns in the coming years. 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 18, 2025 John Bromels has no position in any of the stocks mentioned. The Motley Fool recommends NuScale Power. The Motley Fool has a disclosure policy. Why Is NuScale Power Stock Sliding Right Now? was originally published by The Motley Fool

nCino (NCNO) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
nCino (NCNO) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Yahoo

timea day ago

  • Yahoo

nCino (NCNO) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

nCino (NCNO) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended July 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 26. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Zacks Consensus Estimate This company is expected to post quarterly earnings of $0.14 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $143 million, up 8% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 4.35% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for nCino? For nCino, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +3.70%. On the other hand, the stock currently carries a Zacks Rank of #1. So, this combination indicates that nCino will most likely beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that nCino would post earnings of $0.16 per share when it actually produced earnings of $0.16, delivering no surprise. Over the last four quarters, the company has beaten consensus EPS estimates two times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. nCino appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. An Industry Player's Expected Results VNET Group (VNET), another stock in the Zacks Internet - Software industry, is expected to report earnings per share of $0.02 for the quarter ended July 2025. This estimate points to a year-over-year change of -66.7%. Revenues for the quarter are expected to be $321.33 million, up 17.1% from the year-ago quarter. The consensus EPS estimate for VNET Group has remained unchanged over the last 30 days. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0%. This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that VNET Group will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 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 nCino Inc. (NCNO) : Free Stock Analysis Report VNET Group, Inc. - Unsponsored ADR (VNET) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store