Latest news with #SKecoplant
Yahoo
12-07-2025
- Business
- Yahoo
Why Bloom Energy Stock Just Dropped
Bloom Energy stock surged on positive tax credits news yesterday. Then one big insider shareholder decided to sell half its shares today, and the stock price reversed. Korea's SK ecoplant is selling 10 million Bloom Energy shares. 10 stocks we like better than Bloom Energy › Well that was quick! Just 24 hours after J.P. Morgan upgraded hydrogen fuel cell company Bloom Energy (NYSE: BE) stock on Wednesday, sending Bloom stock soaring 18% in a day, Bloom stock is turning tail and tumbling back down again. Bloom stock fell 9% through 12:30 p.m. ET. J.P. Morgan nearly doubled its target price yesterday, advising investors to buy Bloom stock on the theory that Congressional "48E tax credits" will encourage more companies to use Bloom's fuel cells, and boost profit margins for Bloom itself. Many investors liked the sound of that, bidding up Bloom stock strongly. No sooner had this happened, though, than one Bloom investor decided to cash in on the stock price surge -- by selling half its shares. As confirmed in an SEC filing, SK ecoplant will sell 10 million Bloom shares for about $28.71 per share. According to data from S&P Global Market Intelligence, SK is an insider investor in Bloom, owning just over 10% of the company's shares outstanding -- 23.5 million. Today's sale will cut that stake roughly in half, limiting SK's exposure should Bloom's stock price flag, and locking in profits from yesterday's big stock price surge. This seems prudent to me. While J.P. Morgan may be optimistic about Bloom's future, the company reported less than $5 million in profit over the last 12 months, and its P/E ratio stretches well beyond 1,000x earnings. Bloom generates more free cash flow than it reports as net profit, but its price-to-free cash flow ratio is 87 times FCF, which seems pricey despite growth forecasts for 25% over the next five years. There's good reason for SK to be selling -- and good reason for other investors to do likewise. Before you buy stock in Bloom Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bloom Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $694,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $998,376!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool has a disclosure policy. Why Bloom Energy Stock Just Dropped was originally published by The Motley Fool 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
Korea Herald
10-07-2025
- Business
- Korea Herald
Digital Edge Secures Financing to Complete Major Data Center Campus
SEOUL, South Korea, July 10, 2025 /PRNewswire/ -- Digital Edge (Singapore) Holdings Pte. Ltd. ("Digital Edge"), one of Asia's fastest-growing data center platforms backed by global infrastructure investor Stonepeak, today announced the successful close of a KRW 800 billion Green Loan to fund the development of SEL3, the second phase of its flagship 96-megawatt (MW) campus in the Seoul metropolitan area. This marks a major milestone in developing one of South Korea's largest commercial data center developments, first launched in 2022. The Green Loan was significantly oversubscribed, attracting strong support from a diverse group of Korean and international financial institutions. This is Digital Edge's second Green Loan in Korea, reinforcing the company's commitment to sustainable infrastructure development in the region. "We are pleased with the strong support from our lending partners across the region for this project," said Jonathan Walbridge, Digital Edge's Chief Financial Officer. "This financing demonstrates continued confidence in our platform and affirms our long-term commitment to building digital infrastructure responsibly and sustainably." Located in Bupyeong-gu, Incheon and adjacent to the company's SEL2, SEL3 will add 60MW of capacity and complete the full 96MW campus. Designed for high-density, scalable deployments, the campus caters to the growing needs of hyperscale and enterprise customers in Korea. Construction on SEL3 began in May 2025, with Ready-for-Service (RFS) targeted by Q4 2027. The project extends Digital Edge's strategic partnership with SK ecoplant, a leading local developer which also successfully delivered the SEL2 facility. SEL2, which reached Ready-for-Service in August 2024, is Digital Edge's first purpose-built hyperscale and AI facility in Korea. It has already secured strong leasing momentum from major cloud and digital platform customers, validating the company's strategic investment in the market. Andrew Pak, Country Manager for Digital Edge in South Korea, commented, "As one of the largest commercial DC campuses in South Korea, SEL3 reinforces Digital Edge's commitment to this country. We are delighted to work again with our partners at SK ecoplant to develop this highly energy efficient facility that helps realise the potential of cloud and AI in South Korea." The expansion reflects Digital Edge's broader strategy to power Asia-Pacific's digital transformation through infrastructure that enables sustainable growth across the region's most dynamic markets. About Digital Edge Headquartered in Singapore, Digital Edge is a trusted and forward-looking data center platform company, established to transform digital infrastructure in Asia. Through building and operating state-of-the-art, energy-efficient data centers rich with connectivity options, Digital Edge aims to bring new colocation and interconnect options to the Asian market, making infrastructure deployment in the region easy, efficient and economical. Backed by leading alternative investment firm Stonepeak, Digital Edge has established itself as a market-leading pan-Asia data center platform. The company provides data center and fiber services across nine countries in Asia Pacific, with more than 1.1GW of secured IT power. You can visit the company's website at .
BreakingNews.ie
08-07-2025
- Business
- BreakingNews.ie
Plans for €1bn data centre campus and solar farm in Co Westmeath
Plans are to be lodged in the coming days for a €1 billion data centre campus and solar farm on a 600-acre site in Co Westmeath. This follows Red Admiral DC Ltd, which is owned by Offaly businessman Nigel Reams and forms part of his Lumcloon Energy Group, giving notice that it is to lodge plans to Westmeath County Council for a six-unit data centre and a decentralised energy resource on townlands across Rochfortbridge, Co Westmeath. Advertisement The project is being developed in partnership with SK Ecoplant, a Korean engineering company that announced its collaboration with Lumcloon to supply power to the data centre in 2023 from solid-oxide fuel cells, which generate electricity from natural gas. The company is seeking planning permission for a 10-year period. The scheme also includes a solar farm across 166 hectares (410 acres) of the overall site and is to lie east to the data centre campus. The application to Westmeath County Council follows An Coimisiún Pleanála (ACP) in May ruling that the case is not a Strategic Infrastructure Development (SID). Advertisement SID applications are lodged direct to An Coimisiún Pleanála and the commission's ruling has resulted in the plans going before a local authority where a decision can come before ACP on appeal. The site of the planned data centre campus within a 96-acre site of the overall 60- acre landholding is located in the townlands of Kiltotan, Collinstown, Oldtown and Farthingstown, Co Westmeath. The site is immediately south-west of Rochfortbridge and occupies land either side of the R446 regional road and M6 motorway. As part of the SID evaluation process, the company told ACP that a Decentralised Energy Resource (DER) which comprises a number of power assets and technologies will generate, store and manage electricity close to the data centre, rather than relying on the existing electricity network. Advertisement The company told the commission that the DER would result in reduced transmission losses, reduced emissions and improved cost and operational efficiencies. The firm said this would enable the data centre campus to support decarbonisation through digitalisation and support a climate neutral economy. Documentation lodged with ACP said the DER has been designed to replace conventional standby diesel generators which are typically used for back-up supply. The planning application is to run concurrent with plans to ACP for high voltage lines and an electrical plant. The planning notice states that the scheme involves development that will requires an Industrial Emissions Licence from the Environmental Protection Agency (EPA).
