Latest news with #RPower
Mint
3 days ago
- Business
- Mint
2400% gain in five years: Reliance Power share price delivers multibagger returns. Should you buy?
R Power share price: Shares of Reliance Power jumped 4% to touch a fresh 52-week high on Thursday's session. R Power share price surged by 5.45%, hitting a peak of ₹ 62.12 in trading on Wednesday. At that peak, the stock was only 1.08% below its one-year high of ₹ 62.80, which was recorded just a few days earlier on June 2. Reliance Power share price today opened at ₹ 60.30 apiece on the BSE, the stock touched an intraday high of ₹ 63.39 per share, and an intraday low of ₹ 59.93 apiece. R Power share price has experienced significant growth, rising more than 2,400% over the last five years. It has surged nearly 79% in just three months and approximately 51% in the past month. Recently, Reliance Power announced that its subsidiary, Reliance NU Energies, has been awarded a letter for a 350 MW solar power project, which includes a 175 MW/700 MWh Battery Energy Storage System from SJVN. When operational, this project will enhance Reliance Power's portfolio by adding 600 MW of solar DC capacity and 700 MWh of BESS capacity, thereby reaffirming its position as a leader in new energy solutions, according to a company statement. In addition, Reliance Power has established a commercial term sheet for a long-term power purchase agreement with Green Digital Pvt Ltd, which is owned by Druk Holding and Investments Ltd, the investment branch of the Royal Government of Bhutan. Reliance Power and Druk Holding and Investments Ltd (DHI) plan to jointly construct Bhutan's largest solar power project through a partnership with an equal share, targeting an installed capacity of 500 MW, as indicated by a company statement. The project will require an investment of up to ₹ 2,000 crores under a Build-Own-Operate (BOO) model, making it the largest private sector foreign direct investment (FDI) in Bhutan's solar energy field so far. In the January-March quarter of FY25, Reliance Power reported a consolidated net profit of ₹ 126 crore, attributed to reduced expenses. The company had experienced a loss of ₹ 397.56 crore during the quarter that ended on March 31, 2024, according to a regulatory filing. Total revenue fell to ₹ 2,066 crore in the most recent fourth quarter, down from ₹ 2,193.85 crore in the same quarter last year. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, R Power share price has seen massive run from the May month swing low and is at highest point in the last five years, this recent upmove has been backed with strong volumes. In near term prices may extend upmove however considering the overbought conditions, dips would be ideal to enter longs, ₹ 56 - 57 seems strong support whereas ₹ 72 as resistance.
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Business Standard
6 days ago
- Business
- Business Standard
Rel Infra, RPower: Time to buy, sell or hold Anil Ambani group stocks?
Technical chart suggests that these 2 Anil Ambani group shares - Reliance Infrastructure and Reliance Power can potentially rally another 25% from here on; here are the key levels to watch out for. Rex Cano Mumbai Listen to This Article Shares of Anil Ambani group firms - Reliance Infrastructure and Reliance Power ended the May month with robust gains, up 30.3 per cent and 45.3 per cent, respectively. Further, both the stocks - Reliance Infrastructure (Rel Infra) and Reliance Power (RPower) have started June on an optimistic note. RPower today surged to a fresh 7-year high, and its share price has more-than-doubled from the March month low of ₹31.27 on the National Stock Exchange (NSE). READ MORE In the process, RPower stock is now seen trading above its 200-Month Moving Average (200-MMA) for the second straight
Yahoo
22-04-2025
- Business
- Yahoo
Why Oklo Inc. (OKLO) Performed Worst On Monday?
We recently published a list of . In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other best worst-performing companies on Monday Wall Street kicked off the trading week on a sour note anew as investors continued to digest the impact of President Donald Trump's tariff policies and his criticism of the Federal Reserve. The tech-heavy Nasdaq fell the most among the major indices, down 2.55 percent, followed by the Dow Jones at 2.48 percent, and the S&P 500 at 2.36 percent. Ten companies mirrored the market bloodbath, booking significant losses during the day. In this article, we have listed the 10 worst-performing companies on Monday and detailed the reasons behind their declines. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. Sergey Nivens/ Shares of Oklo tumbled by 7.23 percent on Monday to close at $20.39 apiece as investors sold off positions while digesting news that the Department of Energy (DOE) is looking to slash its budget for clean energy projects by $10 billion. The news weighed down on investor sentiment on fears that the budget reduction, as triggered by Elon Musk's Department of Government Efficiency, could result in lower government contracts and programs for clean energy, as well as job losses. Although a clean energy company with zero carbon emissions, OKLO stands out as one of the firms fueling artificial intelligence through partnering with data centers for energy supply. Nuclear projects in general are among President Donald Trump's preferred energy solutions for their promising capability to power AI and the US manufacturing sector. Just recently, OKLO sealed a deal with RPower to deploy a phased power model for data centers. The model combines immediate energy deployment using RPower natural gas generators with a transition path to clean, reliable energy from Oklo's Aurora powerhouses, eliminating reliance on diesel generators and supporting scalable, sustainable operations. Overall, OKLO ranks 10th on our list of worst-performing companies on Monday. While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than OKLO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
26-03-2025
- Business
- Yahoo
Oklo reveals 75-MW reactor design, eyes late 2027 commercial deployment
This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. Oklo remains on track to submit its combined license application to the U.S. Nuclear Regulatory Commission later this year and deploy its first commercial power plant at Idaho National Laboratory in late 2027 or early 2028, the advanced nuclear developer said Monday. The company expanded its Aurora powerhouse design from 50 MW to 75 MW to support demand from large data center customers 'without adding any notable technical, design or regulatory complexities,' it said. Oklo also added two new board members to replace former Liberty Energy CEO Chris Wright, who left earlier this year to serve as U.S. Energy Secretary. One of the incoming board members is Daniel Poneman, former president and CEO of Centrus Energy, a U.S. nuclear fuel supplier from which Oklo plans to source high-assay, low-enriched uranium fuel. Since July 2023, when it announced that it would go public via a merger with a special purpose acquisition company cofounded by OpenAI CEO Sam Altman, Oklo's order pipeline has grown from less than 1 GW to around 14 GW, it said Monday in a separate quarterly update. That pipeline includes a 12-GW, 20-year 'master power agreement' with data center developer and operator Switch, plus several smaller agreements with other data center firms and Texas-based oil and gas operator Diamondback Energy. Master power agreements are more flexible and less risky than traditional power purchase agreements, which Oklo has not pursued to date, Chief Financial Officer Craig Bealmear said Monday on an investor webcast. Covering planned capacity investments, delivery timelines, target sites and regions and power price ranges, the agreements act as frameworks for Oklo's customer relationships and eventual project-level PPAs, Oklo said in its quarterly update. In the investor materials and webcast, Oklo detailed plans for a 'phased deployment' of power generation infrastructure in partnership with RPower, an off-grid, gas-fired 'prime power' provider. The partnership envisions rapid deployment of gas-fired generation as a near-term 'bridge' for data center customers with urgent power needs, followed by phased powerhouse deployment and an eventual end state where RPower's generators provide backup power and grid services, Oklo said. '[The partnership] enhances grid stability, allowing RPower to act as a good grid citizen with Oklo, supplying surplus power to the grid when needed,' Bealmear said. Oklo's decision to upsize its powerhouse capacity from 50 MW to 75 MW was 'very much a customer-informed design decision' based on 'where we see … the data center architectures progressing,' CEO Jacob DeWitte said on the investor call. The 75-MW size allows Oklo to serve an emerging 'sweet spot' between 60 MW and 72 MW per data hall with margin to spare, whereas a 50-MW reactor would 'limit some of the upside,' he said. The larger reactor design is more fuel-efficient and offers 'economies of scale' by allowing future customers to achieve the same output with fewer reactors, Bealmear said. But the upsize is modest enough not to introduce new technical or design risk in licensing, he added. Ongoing, multiyear preapplication engagement with the NRC and recent positive regulatory developments have Oklo cautiously optimistic for a smooth licensing process, DeWitte said. 'One reference point that I think is important here is TerraPower's construction permit work — they did a readiness assessment and relatively quickly thereafter [in March 2024] submitted a construction permit, and there's been recent news that the NRC is ahead of schedule on that review,' DeWitte said. '[TerraPower's design] is a very similar technology set to ours.' Oklo's imminent Pre-Application Readiness Assessment will address the siting and environmental components of its combined license application for its first commercial powerhouse at Idaho National Laboratory, where Oklo has begun early site work, the company said Monday. Oklo plans to submit its combined license application in the fourth quarter of this year, following the Oct. 1 effective date for the NRC's proposed 55% hourly rate reduction for advanced reactor applicants, DeWitte said. Though it has enough HALEU fuel for the INL reactor's initial load, Oklo shares other advanced reactor companies' near-term concerns about limited nuclear fuel supplies, DeWitte said. Congress unlocked $2.7 billion for U.S. HALEU production last year in a law that also banned most uranium imports from Russia, significantly tightening the civilian market as suppliers like Centrus work to build domestic capacity. 'I do worry about the bridge between now and the early 2030s,' DeWitte said. But growing orderbooks for advanced reactors ought to spur additional investments in U.S. production capacity, while tech giants' interest in HALEU-fueled reactors in particular suggest key customers see the fuel issue as a 'solvable problem,' DeWitte said. And Oklo's planned investment is in fuel recycling capabilities, which could eventually reduce its fuel costs by 80%, 'a little bit of an ace up our sleeves,' he added. Recommended Reading Generator, advanced nuclear stocks reel as low-cost DeepSeek chills AI load growth outlook
