Latest news with #MizuhoAmericas
Yahoo
6 days ago
- Business
- Yahoo
Will new nuclear energy deals generate FOMO mentality in Big Tech?
Constellation Energy (CEG) has inked a 20-year deal to provide tech giant Meta Platforms (META) with power from its clean nuclear energy plant starting in 2027. Mizuho Americas managing director and senior analyst of utilities Anthony Crowdell discusses the Constellation-Meta deal, as well as other energy agreements as grid demand soars to power AI data centers, and the regulation around nuclear plants after President Trump signed an executive order in May to ease restrictions around nuclear reactor development. Catch Yahoo Finance's interview with Nano Nuclear Energy founder, executive chairman, and president Jay Yu on the nuclear energy landscape. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Constellation and Meta inked a 20-year power deal, and as part of it, the output from the Clinton Clean Energy Center in Illinois will support Meta's clean energy goals. The agreement comes as the social media giant's energy demand soared due to its AI data center expansion. Mizuho Americas Managing Director and Senior Analyst Anthony Crowdell joins us now to discuss. Anthony, this is just the latest. We've had these deals coming, um, sort of trickling out now. Um, what is your best estimate of the sort of terms of this deal, how it compares to what we've heard thus far and sort of what it could tell us about future deals? Sure. So, so lots to unpack there. Good afternoon. And I think, you know, when you think of the existing deals we've seen, maybe it's two. We saw the Talon Amazon deal, which was pricing around $70 a megawatt hour. That deal's still being challenged at the federal energy regulatory commission, but we'll include that deal and include the pricing of $70. The only other deal we really saw was the Microsoft Three Mile Island. And what was unique about that deal, that was about bringing new nuclear power on. It was the Three Mile Island plant, now called the Train Energy Center, bringing that back online. And when you look at the pricing there, it's probably about 90, 95 adding tax credits, clean energy credits. You're probably at a whopping like $145, but again, Microsoft paying that. So, there's been deals. This may be the third deal, or a third deal with nuclear plants, but each very unique. And so this is kind of the first deal, that's what we're going to use the term, in front of the meter, where we call it just like kind of a virtual PPA. And it takes the output of the Clinton Energy or Clinton nuclear plant in Illinois. And best we could do with pricing is maybe somewhere around $75 to $80 a megawatt hour. Um, very good price. Forward curve for power in that part of Illinois, around the clock, maybe somewhere $40ish dollars, $45. So there's a very nice contract, relative to where the forward curve is. Um, but it's the first contract we've really seen with existing nuclear plant, that's in front of the meter. Your question of what this means for additional contracts, I mean, that'll be interesting. Obviously, this is now the mark. Let's just call it $80. Uh, this will be the mark of where they're going to be judged at. But does this create a scarcity or FOMO mentality where other large tech now jump in to get that? That's what we want to see. But I think, seeing the stock price today, and you put a great chart on there, I think news it really spiked up, but maybe as people were maybe over their skis, thinking we saw $100 or referenced the Microsoft price earlier, $100 or north of $100. As that trickled down to maybe it's an $80 price, which is still attractive, but clearly fully priced in, I think we're looking at it right now, the stock is down a dollar. Anthony, I'm curious. The Trump administration, fans of nuclear. You saw the president signed that executive order late last month. What do you think the impact of that EO could be on the industry long term, Anthony? With, with the exception, if you think big tech comes in and tells a IPP, independent power producer or a utility, you could use our balance sheet to build a nuclear plant. Meaning any cost overruns you have with construction, supply chain issues, Google is going to underwrite all of that and said, we got you covered, bud. We're going to pay for any cost overruns. Aside from that, the executive order will mean absolutely nothing. I do not see, I mean, Constellation is the best operator in the space. They have the deepest nuclear bench. They are, if anyone's going to build a nuclear plant, it would be Constellation. And right now, Constellation said we are not building it on their balance sheet. Again, if Meta made a deal with them tomorrow that said, let's build the plant together and we will take all the risk and cost overruns, I think that's all you will see. So I'm not expecting you're going to see any real change in how many nuclear plants are being developed in this country right now. And it, so far, it's zero. 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
USA Today
25-05-2025
- Sport
- USA Today
LPGA rookie Chisato Iwai laps the field at 2025 Mexico Riviera Maya Open for first win
LPGA rookie Chisato Iwai laps the field at 2025 Mexico Riviera Maya Open for first win The final round tee times were scheduled early at the 2025 Mexico Riviera Maya Open at Mayakoba, and LPGA rookie Chisato Iwai hit the ground running at El Camaleon Golf Course in Playa del Carmen on Sunday. The 22-year-old LPGA rookie, playing in her eighth event of 2025, birdied the five of the first six holes and made the turn in 31. She birdied the par-3 10th to get to 12 under, ballooning her lead to six shots more than halfway through the last round. She later stretched it to seven shots and that made Sunday a stroll to the finish line. Iwai, one of the 21 rookies on tour in 2025, shot a final-round 6-under 66, the low round of the week by two shots, to earn her first LPGA victory. A month ago, Iwai, 22, was hit with a two-shot, slow-play penalty in Utah and would go on to miss the Black Desert Championship cut by two shots. She rebounded the next week to contend at the Mizuho Americas. This week, Iwai, who opened with a 68, bounced back again, this time from a second-round 74 to post 68-66 on the weekend and dominate down the stretch. Iwai, from Japan, won by six shots over second- and third-round leader Jenny Bae of the U.S., who shot a final-round 73. Haeji Kang of Korea was solo third at 5 under. There were five golfers who tied for fourth at 4 under. Twenty-five of the 65 golfers who made the cut finished in red numbers. Iwai's victory is the largest margin of victory on the LPGA in 2025. Iwai is the third rookie to win in 2025. The week was extra special as Iwai's twin sister, Akie, older by one minute, finished at 2 under and tied for 16th. Chisao Iwai tied for 19th at the 2024 U.S. Women's Open and she's among the 35 golfers in Mexico also playing next week at Erin Hills in Wisconsin for this year's Open. How did Charley Hull, Maria Fassi do in 2025 Mexico Riviera Maya Open? Other notables: Carlota Ciganda, who won the last LPGA event in Mexico in 2017, tied for ninth at 3 under; Charley Hull finished 1 over to tie for 32nd; Maria Fassi (the lone Mexican golfer of the eight who started the week to make the cut) shot a final-round 77 to finished 7 over, tied for 56th. The early Sunday start allowed for final-round coverage to be live on CBS. It also helped all those golfers heading to the U.S. Women's Open to jump on the LPGA-arranged charter flight from Cancun to Milwaukee, especially beneficial as there are no direct flights on any commercial airlines between those two cities.
Yahoo
19-05-2025
- Business
- Yahoo
UnitedHealth surging: Why this strategist says 'stay away'
UnitedHealth (UNH) stock is surging after its CEO bought $25 million in stock, even as the company faces legal and leadership challenges. Mizuho Americas healthcare equity strategist Jared Holz joins Market Domination with Josh Lipton and Julie Hyman to explain why he's telling clients to stay away from the stock for now. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. 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
15-05-2025
- Business
- Yahoo
Walmart set the tone for retail earnings: How to play the sector
Walmart (WMT) is warning of higher prices ahead as new tariffs kick in. David Bellinger, Mizuho Americas director and senior analyst, joins Market Domination to break down how Walmart's pricing power and fast-growing ad business could help offset margin pressure. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Walmart reporting first quarter earnings this morning in the CFO talking to Yahoo Finance earlier today warning of higher prices ahead due to tariffs. Given that you've got 30% tariffs on certain categories of items that are going to be imported, you're likely going to see some price increases go up there. With Walmart setting the tone for other big box earnings in the coming weeks, we're now getting how to play the retail sector with the Yahoo Finance Playbook. And joining us now is David Bellinger, director and senior analyst at Mizuho Americas. David, it is good to see you. I I do want your take on on the Walmart results, David. Uh, you know, mixed results, but uh, it's it's the talk of tariffs and price hikes getting getting attention there. I I'm curious just to get your take. What what do you make of the report and commentary from the company? Yeah, thanks for having me back on. We looked at this as very solid Q1 print. The stock was all over the place this morning. It was up pre-market. It was down 5% at the open. We've clawed back most of those losses or almost flat. But it it looked like the demand picture was getting overlooked here. So sales picked up each and every month of Q1. I thought the commentary on the start to Q2 was pretty constructive. But what's happening here is Walmart did not provide Q2 operating income or earnings per share, uh, guidance for for the quarter, and it it looks like you might have some of these wild swings because of the price increases, so they don't know. It seems like the the ranges implied are very wide. So that uncertainty what is what led to this this downdraft in shares today. And also just entering the print, you've had a big run up. The stocks up almost 20% off the April lows. So we think that this was, uh, sort of a sell the news event, but the demand picture, we thought we thought was, uh, pretty good in general. David, um, Walmart obviously doesn't raise its prices that often or that by that much, right? That's one of the reasons, um, that it has remained popular with shoppers. When it does, what tends to be the effect and what do you expect to happen this time? Well, for any retailer, when you raise prices, you you usually see volumes slow down. This elasticity of demand type impact and demand destruction. So what Walmart's doing here is raising prices. I mean, you you essentially have to with 145% tariff goods, even at 30%, is hard to absorb all of those costs. So prices have to go up across the board, across retail. But what Walmart has here, which is pretty unique to them, is we see this optionality to not raise prices as quickly. You keep those spreads versus your competitors pretty wide, and they're even taking some prices down, which we think is the more interesting piece here. It should drive volume. Why why they can do this is they've got this second P&L, right? They've got advertising, marketplace, membership. So those are really high margin businesses, and they are growing incredibly fast. And that's basically funding any type of gross margin hit they might have. They'll have an offset with those businesses. And just just a small example here, the advertising business almost a five billion dollar annual run rate business, that's bigger than Pinterest, growing faster than Pinterest. So it it's very interesting dynamic here and very unique to Walmart that they've got these accretive drivers in the background. 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
USA Today
11-05-2025
- Sport
- USA Today
Jeeno Thitikul laps top-ranked Nelly Korda in Mizuho Americas victory at Liberty National
Jeeno Thitikul laps top-ranked Nelly Korda in Mizuho Americas victory at Liberty National The final round of the Mizuho Americas Open was shaped up to be a shootout between the top two players in the world. In the end, world No. 1 Nelly Korda, the event's defending champion, didn't give Jeeno Thitikul much to worry about. Thitikul lapped the field by four strokes after carding a bogey-free 69 in the final round. Korda closed with a 1-over 73 to finish six strokes back. Now a five-time winner on tour, the young Thai star earned $450,000 for her rock-solid efforts. "I mean, bogey-free on the final round, final group, as well, because the pin positions were so tough today," said Thitikul. "We got a lot of wind, and then a lot of nerves and excitement for sure. "I just really told myself to be patient out there." Thitikul, 22, has finished outside the top 10 twice in eight starts, including a share of 12th at the Blue Bay LPGA and a share of 24th at the Chevron Championship. Thitikul said the near missed cut at the season's first major served as a bit of a wake-up call. She was particularly frustrated on the greens in Texas. "I just think Chevron had really tough pin positions and tough greens and then the line, as well," said Thitikul. "Last week I just went back home in Dallas and working on it a little bit to matching the speed and the line. But I know I have been doing stroking-wise really good, so I just tried to keep it on track." Aphrodite Deng wins AJGA's Mizuho Americas Open junior event The highlight, she said, was playing alongside Korda for two rounds. The junior girls played a Stableford format alongside the pros at Liberty National. "She motivated me," said Deng. "When she made a putt, I tried to make it, too." Boutier finished solo second while Andrea Lee tied for third with Carlota Ciganda. Lee, a former top-ranked amateur, was impressed by Deng's game. "I think she's only like 15 years old, so it makes me feel extremely old," said Lee. "But yeah, she actually bombs it for her size. She hits really long drives off the tee and really good short game, really good putter. I think she has a really bright future ahead of her." Mizuho Americas Open has star-studded list of winners This marked the third playing of the Mizuho event, hosted by Michelle Wie West, and it has quickly become one of the premiere events on the LPGA schedule. Rose Zhang won the first edition in her LPGA professional debut followed by Korda in 2024 and now, Thitikul, who played alongside Mizuho CEO Jerry Rizzieri during the pro-am earlier in the week. "Getting ferries on and off the course from the hotel is so cool," said Thitikul of the event's official transportation. "We don't have any tournaments that we're going to jump on the ferry at all. Also, definitely New York food, New York cheesecake, New York pizza. I'll just get fat now. "But everyone is just liking this experience. Jerry just said I hope all the top players come here every year. I was telling him, definitely, no worries, all the players coming here because we love here."
