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Construction projects in Wichita Falls to boost economy

Construction projects in Wichita Falls to boost economy

Yahoo14-05-2025

WICHITA FALLS (KFDX/KJTL) — Wichita Falls is growing and staying busy, and Mayor Tim Short explains all the details.
Construction in Wichita Falls: Over a billion dollars in construction in the city, including walls being built for both WinCo Foods and the Amazon facility and the newest 7Brew building, as well as the construction going on at the State Hospital.
Downtown Wichita Falls: With the monthly Art Walks and all the events like St. Patrick's festival, Cajun Fest, and many businesses that host events during the week and weekends.
Castaway Cove: The new attraction will open in summer 2025, and high temperatures will keep the waterpark busy.
Short touched base on how the construction of these businesses is essential, as many jobs will be available soon.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Broadstone Net Lease Provides an Update on Recent Business Activity and Participation at Nareit's REITweek 2025 Annual Conference
Broadstone Net Lease Provides an Update on Recent Business Activity and Participation at Nareit's REITweek 2025 Annual Conference

Business Wire

time5 days ago

  • Business Wire

Broadstone Net Lease Provides an Update on Recent Business Activity and Participation at Nareit's REITweek 2025 Annual Conference

VICTOR, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease, Inc. (NYSE: BNL) ('Broadstone,' 'BNL,' the 'Company,' 'we,' 'our,' or 'us'), today provided an update on its recent business activity through June 2, 2025. Additionally, the Company announced that BNL's CEO, John Moragne and CFO, Kevin Fennell, will be participating in the Nareit REITweek 2025 Annual Conference in New York, NY on June 3 and June 4, 2025. JUNE 2025 BUSINESS UPDATE Quarter-to-date, we have invested $83.3 million, including $54.7 million in new property acquisitions and $28.6 million in build-to-suit developments. Year-to-date, we have invested $171.7 million, including $113.7 million in new property acquisitions, and $55.1 million in build-to-suit developments, and $2.8 million in revenue generating capital expenditures. Total investments consist of $152.5 million in industrial properties and $19.2 million in retail properties. As of the date of this release, we have $191.6 million of new property acquisitions under control, consisting of $170.2 million in industrial properties and $21.4 million in retail properties. During the quarter, we successfully sold two healthcare assets for gross proceeds of $5.5 million, bringing our year-to-date total dispositions to $12.9 million. As a result of the second quarter dispositions, we have reduced our Clinical & Surgical healthcare properties to 2.4% of our total ABR. In connection with our previously announced $400 million unsecured term loan maturing in 2028, we exercised the remaining $100 million draw feature, increasing the total term loan to $500 million. The proceeds were used to repay outstanding borrowings on our revolving credit facility. Collected 99.1% of base rents due year-to-date for all properties under lease. The following table summarizes developments that are actively under construction and reflects cumulative investments as of June 2, 2025: (unaudited, in thousands) In-process retail: 7 Brew (High Point - NC) 1 Dec. 2024 Jun. 2025 15.0 1.9 % $ 1,975 $ 1,477 $ 498 8.0 % 8.8 % In-process industrial: Sierra Nevada (Dayton - OH) 122 Oct. 2024 Nov. 2025 15.0 3.0 % 58,563 19,064 39,500 7.6 % 9.4 % Sierra Nevada (Dayton - OH) 122 Oct. 2024 Mar. 2026 15.0 3.0 % 55,525 15,044 40,481 7.7 % 9.6 % Southwire (Bremen - GA) 1,178 Dec. 2024 Jul. 2026 10.0 2.8 % 115,411 15,926 99,485 7.8 % 8.8 % Fiat Chrysler Automobile (Forsyth - GA) 422 Apr. 2025 Aug. 2026 15.0 2.8 % 78,242 10,542 67,700 6.9 % 8.4 % Total / weighted average 1,844 13.1 2.8 % $ 309,716 $ 62,053 $ 247,664 7.5 % 8.9 % Stabilized industrial: UNFI (Sarasota - FL) 1,016 May 2023 Completed 15.0 2.5 % 200,958 200,958 — 7.2 % 8.6 % Stabilized retail: 7 Brew (Charleston - SC) 1 Completed 15.0 1.9 % 1,729 1,035 694 7.9 % 8.8 % Total / weighted average 2,861 13.9 2.7 % $ 512,404 $ 264,046 $ 248,358 7.4 % 8.8 % 1 Represents the estimated first year yield to be generated on a real estate investment, which was computed at the time of investment based on the estimated annual straight-line rental income computed in accordance with GAAP, divided by the estimated total project investment. Expand About Broadstone Net Lease, Inc. BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of March 31, 2025, BNL's diversified portfolio consisted of 769 individual net leased commercial properties with 762 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, retail, and other property types. Forward-Looking Statements This press release contains 'forward-looking' statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies, and prospects, both business and financial. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as 'outlook,' 'potential,' 'may,' 'will,' 'should,' 'could,' 'seeks,' 'approximately,' 'projects,' 'predicts,' 'expect,' 'intends,' 'anticipates,' 'estimates,' 'plans,' 'would be,' 'believes,' 'continues,' or the negative version of these words or other comparable words. Forward-looking statements, including our 2025 guidance and assumptions, involve known and unknown risks and uncertainties, which may cause BNL's actual future results to differ materially from expected results, including, without limitation, risks and uncertainties related to general economic conditions, including but not limited to increases in the rate of inflation and/or interest rates, local real estate conditions, tenant financial health, property investments and acquisitions, and the timing and uncertainty of completing these property investments and acquisitions, and uncertainties regarding future distributions to our stockholders. These and other risks, assumptions, and uncertainties are described in Item 1A 'Risk Factors' of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which was filed with the SEC on February 20, 2025, and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which was filed with the SEC on May 1, 2025, both of which you are encouraged to read, and will be available on the SEC's website at Please note that such Risk Factors will be updated, if necessary, through the filing of Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company assumes no obligation to, and does not currently intend to, update any forward-looking statements after the date of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.

3 Alternative Energy Stocks to Watch Amid Escalated Tariff Uncertainty
3 Alternative Energy Stocks to Watch Amid Escalated Tariff Uncertainty

Yahoo

time30-05-2025

  • Yahoo

3 Alternative Energy Stocks to Watch Amid Escalated Tariff Uncertainty

America's booming electric vehicle market, backed by the rapid decarbonization demand of the transport sector, should bode well for alternative energy stocks in the near term. However, enhanced import tariffs imposed by the U.S. government recently, which have only exacerbated the already high cost situation of the industry, might hurt the growth trajectory of these stocks. Despite these challenges, the U.S. Energy Information Administration ('EIA') has forecasted a 4.5% year-over-year increase in U.S. wind generation in 2025. This growth should play the role of a catalyst for the alternative energy stocks, offsetting some headwinds. Some prominent forerunners in the U.S. alternative energy industry are Bloom Energy BE, Ormat Technologies ORA and Standard Lithium SLI. About the Industry The Zacks Alternative Energy industry can be fundamentally segregated into two sets of companies. While one group is involved in the generation and distribution of alternative energy and electricity from sources like wind, natural gas, biofuel, hydro and geothermal, the other is engaged in the development, design and installation of renewable projects involving these alternative energy sources. The industry also includes a handful of stocks that offer fuel cell energy solutions, which have gained popularity as an affordable clean energy lately. Per the BlooombergNEF's latest Energy Transition Investment Trends report published in January 2025, global spending on clean energy reached record levels of $2.08 trillion in 2024. With similar or more investments expected in clean energy in the coming years, the industry boasts solid growth opportunities for its participants. 3 Trends Shaping the Future of the Alternative Energy Industry Wind Energy – A Key Growth Catalyst: Among alternative energy sources, wind energy has been making noticeable progress in the United States. Per the American Clean Power Association's latest clean power market report, a solid 1,327 megawatts (MW) of land-based wind were installed in the first quarter of 2025. Looking ahead, per the Short-Term Energy Outlook published by the U.S. Energy Information Administration (EIA) in February 2025, wind generation in the United States is projected to increase 4.5% year over year in 2025, with 7.7 GW of wind generation capacity expected to be added to the U.S. grid this year. This reflects a solid growth opportunity for the U.S. wind market at present, which, in turn, should boost the overall expansion of the alternative energy industry. EV Market Boom to Boost Clean Energy: Electric vehicles (EVs) are playing a pivotal role in the decarbonization of the U.S. transportation sector. The ongoing shift toward electrification, spurred by government subsidies, tax rebates, grants, and incentives such as carpool lane access, is encouraging more Americans to transition from gasoline-powered vehicles to EVs. Falling battery costs are also accelerating the expansion of the EV market. According to the Alliance for Automotive Innovation, 433,843 EVs were sold in the United States in the fourth quarter of 2024, representing a 15% year-over-year increase. Looking ahead, the U.S. EV market is expected to witness a compound annual growth rate (CAGR) of 12.6% between 2025 and 2029 and reach a projected market volume of $154.2 billion by 2029, as per estimates from Statista. This strong growth outlook bodes well for clean energy companies, particularly those that operate extensive EV charging networks across the country. Rising Raw Material Costs & Tariff Headwinds: The steadily rising cost of raw materials used in renewable installations over the past few years, primarily owing to the shortage of components arising out of the global supply-chain crisis, has already sparked concerns about the energy transition industry's future among stakeholders. This situation has been further exacerbated by the recent decisions taken by the U.S. government. Evidently, Donald Trump's executive order in January 2025, pausing offshore wind leasing and permitting, delivered a fatal blow to the U.S. offshore wind industry.. Moreover, the exorbitant import tariff that the Trump administration has imposed lately on America's trading partners has the potential to jeopardize the nation's decarbonization plans. President Trump raised steel and aluminum tariffs by 25% in March 2025, ending all country exemptions, in addition to higher tariffs on China. Since America is largely reliant on other nations for the import of these metals used in power grids and renewable projects, such tariff imposition will further put pricing pressure on the nation's clean power industry. Consequently, in the first quarter of 2025, clean energy projects worth $8 billion were cancelled. While it is too early to predict the extent to which the American clean energy industry will suffer amid such a high-tariff situation, the volatility in the global trade map and the resultant ripple effect might keep the growth trajectory of the alternative energy stocks constricted to some extent in the near term. Zacks Industry Rank Reflects Grim Outlook The Zacks Alternative Energy industry is housed within the broader Zacks Oils-Energy sector. It carries a Zacks Industry Rank #143, which places it in the bottom 42% of more than 250 Zacks industries. The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates gloomy near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The industry's position in the bottom 50% of the Zacks-ranked industries is due to a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts have lost confidence in this group's earnings growth potential over the past few months. The industry's bottom-line estimate for the current fiscal year has moved down 0.9% to $2.17 since March 31. Before we present a few alternative energy stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and valuation picture. Industry Beats Sector and S&P 500 The Alternative Energy Industry has outperformed its sector as well as the Zacks S&P 500 composite over the past year. The stocks in this industry have collectively surged 41.9% in the past year against the Oils-Energy sector's 9.8% decline. The Zacks S&P 500 composite has gained 11.7% in the same time frame. One-Year Price PerformanceIndustry's Current Valuation On the basis of the trailing 12-month EV/EBITDA ratio, which is commonly used for valuing alternative energy stocks, the industry is currently trading at 21.48 compared with the S&P 500's 16.65 and the sector's 4.59. Over the past five years, the industry has traded as high as 21.85X, as low as 8.88X and at the median of 10.43X, as the charts show below. EV-EBITDA Ratio (TTM)3 Alternative Energy Stocks to Watch Ormat Technologies: Based in Reno, NV, the company is primarily engaged in the geothermal energy power business. On May 27, 2025, Ormat Technologies announced a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables to support its Lower Rio and Arrowleaf energy storage and solar projects, expected to be operational by the end of 2025. This innovative financing will help Ormat monetize $160 million in tax benefits in 2025, boosting profitability and supporting its long-term energy storage growth strategy. The Zacks Consensus Estimate for the company's 2025 sales implies an improvement of 8.4% from the previous year's estimated figure. The stock boasts a long-term (three-to-five years) earnings growth rate of 10%. The company currently carries a Zacks Rank #2 (Buy). Price & Consensus: ORA Standard Lithium: Based in Vancouver, Canada, Standard Lithium is a technology and lithium development company. Its flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction. On May 29, 2025, it was announced that Smackover Lithium, a joint venture between Standard Lithium and Equinor, has secured AOGC approval for a 2.5% lithium royalty rate for Phase I of its South West Arkansas Project, marking the first such approval in the state. This milestone sets a regulatory precedent and enhances Standard Lithium's pathway to commercial production by 2028. The Zacks Consensus Estimate for SLI's 2025 bottom line is pegged at a loss of 8 cents per share, suggesting a solid improvement from the year-ago quarter's reported loss of 13 cents. The bottom line beat the consensus estimate in the last reported quarter. SLI currently carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Price & Consensus: SLI Bloom Energy: Based in San Jose, CA, the company generates and distributes renewable energy. On April 30, 2025, Bloom Energy posted its first-quarter 2025 results. Revenues of $326 million reflected an increase of 38.6% year over year. BE's gross margin was 27.2%, reflecting a 110 basis points improvement over last year's reported figure. The stock holds a long-term earnings growth rate of 24.4%. The Zacks Consensus Estimate for 2025 sales implies an improvement of 19.3% from the previous year's reported figure. The company currently carries a Zacks Rank #3 (Hold). Price & Consensus: BEWant 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 Bloom Energy Corporation (BE) : Free Stock Analysis Report Ormat Technologies, Inc. (ORA) : Free Stock Analysis Report Standard Lithium Ltd. (SLI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

YouTube Adds Lens Search Functionality to Shorts
YouTube Adds Lens Search Functionality to Shorts

Yahoo

time30-05-2025

  • Yahoo

YouTube Adds Lens Search Functionality to Shorts

This story was originally published on Social Media Today. To receive daily news and insights, subscribe to our free daily Social Media Today newsletter. YouTube's testing out a new option that will enable Shorts viewers to search whatever they can see in a Shorts clip, using Google's Lens technology to scan Shorts videos for objects, people, language that can be translated, etc. Which could also include products, and relevant product matches based on items displayed in Shorts, though that won't be the focus of this initial test. As you can see in this example, now, you'll be able to pause a Short, then access Google Lens, enabling you to pick a section and use that as the basis for a visual search. Which could have a range of potential use-cases, as explained by YouTube: 'For example if you're watching a Short filmed in a location that you want to visit, you can select a landmark to identify it and learn more about the destination's culture and history.' I mean, sure, that's one way you could use it, and technologically, this isn't a huge advance, it's just incorporating Google Image Search into still frames from Shorts clips, in a more integrated and streamlined way. But it could, as noted, have benefits in regards to shopping, and finding items displayed. YouTube does note that the new Lens search experience won't be available for Shorts with YouTube Shopping affiliate links, or with paid product promotions tagging a product via YouTube Shopping. So this isn't the main focus, as such, but it could well become an easy way for viewers to find items based on what creators are wearing, or related products, etc. Which could also provide a new influencer marketing pathway. Brands, for example, could pay a creator to wear their clothes, with the creator then prompting viewers to Lens their outfit and look for the right match. That could also lead to false matches, but for unique products, it may be another consideration. Of course, it could also be used for stalking, and tracking down people based on their face in a clip. On that front, YouTube says that it doesn't use biometric facial recognition in Lens, though it may show results for notable public figures where relevant. YouTube also notes that AI overviews could be displayed in Shorts Lens results. YouTube's rolling out its new Lens search functionality in Shorts to all viewers this week. Recommended Reading YouTube Tests Community Spaces To Drive Fan Engagement 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

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