Latest news with #FrontierGroup
Yahoo
17-07-2025
- Business
- Yahoo
Frontier Group Holdings (ULCC) Price Target Hiked at UBS amid Neutral Stance
Frontier Group Holdings, Inc. (NASDAQ:ULCC) is one of the best airline stocks to buy according to hedge funds. On July 7, UBS reiterated a 'Neutral' rating on the stock but increased its price target to $4 from $3.50. An airline passenger going through the security process at an airport managed by the company. The price target hike comes as the research firm expects the company to deliver second-quarter results in line with guidance. As of May 20, Frontier Group was tracking according to guidance. UBS expects revenue per available seat mile to grow by 1.2%, compared to a low single-digit percentage growth scheduled according to the guidance. UBS analysis also suggests that the company may have felt the full impact of inflation in the second quarter. Deteriorating demand might have triggered a reduced close in capacity, resulting in fewer sale-leaseback gains. Consequently, the cost per available seat increased by 23%, excluding fuel. Frontier Group Holdings, Inc. (NASDAQ:ULCC) is a holding company with a diverse portfolio of businesses. It is involved in several industries, including airlines, environmental remediation, industrial demolition, asset recovery, and commercial development. It also provides low-fare passenger airline services to leisure travelers in the United States and Latin America. While we acknowledge the potential of ULCC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Goldman Sachs REIT Stocks: Top 12 Stock Picks and Goldman Sachs Healthcare Stocks: Top 10 Stock Picks. Disclosure: None. This article is originally published at Insider Monkey. 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
CBS News
17-07-2025
- Business
- CBS News
Bruce Mansfield plant in Beaver County to undergo $3.2 billion transformation into natural gas power plant
The old Bruce Mansfield coal-fired power plant in Shippingport, Beaver County, will be transformed into a natural gas power plant that will employ more than 300 people, thanks to a $3.2 billion investment announced at the Inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. The Mansfield plant, which was the largest coal-fired power plant in Pennsylvania, closed about half a decade ago. "That affected everybody, not only just this little town, but all throughout these little communities," said David Trevino, borough council president in neighboring Midland, which has a population of 2,400. Many jobs were lost when the coal plant shut down, said Shippingport Mayor John Erickson. Both towns took a hit. Shippingport went from a budget of $6 million in 2006 to a budget of around $1 million this year, Erickson said. They've had to cut back on city services like police. It was part of a larger industrial trend. "We took a beating, this town took a beating, every town has the same story," Trevino said. That story, however, could soon be changing. The town has needed good-paying jobs, Trevino said. The new power plant, which is being built by Frontier Group, and what's built around it could offer that. "It will financially help us out, and it will create some jobs down here," Erickson said. The small town of just over 150 people is no stranger to big investments in power generation. The world's first nuclear power plant was built in the town in the 1950s Three hundred jobs would be permanent, and there would be 15,000 construction jobs. The plant would use natural gas instead of coal. It's not as clean as the nuclear power plant down the street, but it would be an improvement over coal, Erickson said, explaining that at one point, a black material from the plant rained down on the town. The plant will power the electric grid along with a new artificial intelligence data center. In total, the redevelopment will create $6 billion in economic activity. Trevino used to work at the Bruce Mansfield plant and said he looks forward to seeing the new one. "I'm going to see this thing reborn, and add an influx of money and opportunities for young people to come, and it's going to do nothing but enhance the whole community," Trevino said. One neighbor who lives near the plant shared the concern that a representative of the power plant's property owner approached him about selling his property to them. He said he felt they were not offering him the amount of money his property is worth.
Globe and Mail
15-07-2025
- Business
- Globe and Mail
The Frontier Group of Companies to Transform Bruce Mansfield Power Plant into State-of-the-Art Natural Gas Power Plant, Supporting America's Energy Goals and Pennsylvania's Economic Growth
The Frontier Group of Companies ('FGC'), owner and developer of the 660-acre Shippingport Industrial Park in Pennsylvania, today announced that it is converting the former 2.7 gigawatt Bruce Mansfield Power Plant into Shippingport Power Station, a significantly larger state-of-the art natural gas generation plant with new incremental onsite generation. Additionally, FGC has secured a partner to build a collocated data center facility to support America's demand for AI infrastructure. Following its completion, Shippingport Power Station is expected to supply substantial direct power to the prospective data center or other potential on-site uses and contribute over one gigawatt of excess capacity back to PJM Interconnection, the largest power grid operator in the United States, boosting both regional and national power supply. The redevelopment project is expected to benefit Pennsylvania with more than $6 billion of new economic activity, encompassing direct spending, indirect spending and induced economic output, as well as create more than 15,000 construction jobs and 340 new full-time jobs in the region. It will also deliver approximately $139 million in annual recurring revenue for the state, including more than $13 million in tax revenue, $36 million in labor income and $6 million in local county tax revenue. David Franjoine, CEO and Founder of FGC, said, 'The Bruce Mansfield Power Plant dutifully served Pennsylvania for 43 years. With the support of Governor Josh Shapiro and Senator Dave McCormick, we will transform this decommissioned coal facility into a modernized power facility that supports America's goal of energy dominance and reinvigorates local communities with high-quality employment opportunities. I look forward to working closely with Senator McCormick and Governor Shapiro to bring this important initiative to fruition.' Shippingport Power Station is expected to utilize approximately 800 million cubic feet per day of natural gas produced by the Marcellus and Utica shales, located in Western Pennsylvania. As part of the redevelopment project, EQT Corporation (NYSE: EQT) ('EQT'), the largest integrated natural gas producer in the U.S., intends to serve as the new plant's natural gas supplier. Toby Z. Rice, President and Chief Executive Officer of EQT, said, 'As a Pennsylvania company, we are especially proud to be a part of this important project, which highlights the critical role of domestic energy in powering economic growth. We look forward to supporting Shippingport Power Station with reliable, affordable natural gas for the benefit of our state and for all Americans.' In addition, National Fuel Gas Supply Corporation, a subsidiary of National Fuel Gas Company (NYSE: NFG) with nearly 125 years of natural gas industry experience, will serve as the transporter for a significant portion of the natural gas supplies to the Shippingport Power Station. David P. Bauer, President and Chief Executive Officer of National Fuel Gas Company, said, 'We look forward to supporting this significant investment in Western Pennsylvania, leveraging our interstate pipeline network to provide reliable deliveries of Appalachian Basin natural gas directly to the facility, with new transportation capacity expected to come online as early as Fall 2026.' About The Frontier Group of Companies The Frontier Group of Companies (FGC), based in Buffalo, New York and founded in 2001, specializes in site acquisition, environmental remediation, asset repurposing, energy generation and industrial development of legacy brownfield sites. As a liability transfer company, FGC assumes all environmental liability, identifies the hazardous substances, self-performs remediation and cleanup, razes unusable improvements and engineers and plans the future use of its sites. The facilities that FGC acquires include former coal fired power plants, steel mills, paper mills, coal mines and chemical plants, among a variety of primarily industrial facilities throughout North America. Frontier is a privately held company with a proven and client-endorsed track record, and an extensive list of successful projects completed in over 30 states and seven countries. Additional information about FGC's Shippingport Project, visit: About EQT Corporation EQT Corporation is a premier, vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors and communities and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day — trust, teamwork, heart and evolution are at the center of all we do. About National Fuel Gas Company National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas assets across four business segments: Exploration and Production, Pipeline and Storage, Gathering and Utility. Additional information about National Fuel is available at
Yahoo
12-06-2025
- Business
- Yahoo
Are Options Traders Betting on a Big Move in Frontier Group Stock?
Investors in Frontier Group Holdings, Inc. ULCC need to pay close attention to the stock based on moves in the options market lately. That is because the July 18, 2025 $11.00 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. Clearly, options traders are pricing in a big move for Frontier Group shares, but what is the fundamental picture for the company? Currently, Frontier Group is a Zacks Rank #3 (Hold) in the Transportation - Airline industry that ranks in the Top 19% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while four have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from earnings of 21 cents per share to a loss of 24 cents in that the way analysts feel about Frontier Group right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your to see the trades now >> 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 Frontier Group Holdings, Inc. (ULCC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Yahoo
06-05-2025
- Business
- Yahoo
Frontier Group Holdings, Inc. (NASDAQ:ULCC) Just Reported And Analysts Have Been Cutting Their Estimates
It's been a pretty great week for Frontier Group Holdings, Inc. (NASDAQ:ULCC) shareholders, with its shares surging 10% to US$3.52 in the week since its latest quarterly results. Revenues of US$912m were in line with expectations, although statutory losses per share were US$0.19, some 13% smaller than was expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. NasdaqGS:ULCC Earnings and Revenue Growth May 6th 2025 Taking into account the latest results, Frontier Group Holdings' ten analysts currently expect revenues in 2025 to be US$3.80b, approximately in line with the last 12 months. Earnings are expected to tip over into lossmaking territory, with the analysts forecasting statutory losses of -US$0.24 per share in 2025. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$4.03b and earnings per share (EPS) of US$0.25 in 2025. The analysts have made an abrupt about-face on Frontier Group Holdings, administering a minor downgrade to to revenue forecasts and slashing the earnings outlook from a profit to loss. View our latest analysis for Frontier Group Holdings The average price target was broadly unchanged at US$4.83, perhaps implicitly signalling that the weaker earnings outlook is not expected to have a long-term impact on the valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Frontier Group Holdings analyst has a price target of US$10.00 per share, while the most pessimistic values it at US$3.00. We would probably assign less value to the analyst forecasts in this situation, because such a wide range of estimates could imply that the future of this business is difficult to value accurately. With this in mind, we wouldn't rely too heavily the consensus price target, as it is just an average and analysts clearly have some deeply divergent views on the business. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Frontier Group Holdings' past performance and to peers in the same industry. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 0.8% by the end of 2025. This indicates a significant reduction from annual growth of 11% over the last three years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 7.8% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Frontier Group Holdings is expected to lag the wider industry.
