Latest news with #SolarEnergy
E&E News
09-08-2025
- Business
- E&E News
EPA asserts Trump's megalaw required killing $7B solar grant program
Hours after EPA Administrator Lee Zeldin declared on social media that EPA would terminate grants from a major solar energy program, awardees received formal notices that attributed the move to a provision in President Donald Trump's tax-and-spending megalaw. EPA sent letters to the 60 state and nonprofit entities administering the $7 billion Solar for All program Thursday evening, soon after awardees discovered they could no longer access the government's grant-making portal to request reimbursements for program expenditures. The letters came after Zeldin posted on X that EPA would terminate the program, which he branded a 'boondoggle.' Advertisement EPA's termination letters said that Trump's One Big Beautiful Bill Act rescinded funding for both 'grant appropriations and the EPA's administrative cost appropriation.'
Yahoo
04-08-2025
- Business
- Yahoo
Shoals (SHLS) Reports Q2: Everything You Need To Know Ahead Of Earnings
Solar energy systems company Shoals (NASDAQ:SHLS) will be reporting results this Tuesday before market hours. Here's what investors should know. Shoals beat analysts' revenue expectations by 8.3% last quarter, reporting revenues of $80.36 million, down 11.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' adjusted operating income estimates and full-year EBITDA guidance exceeding analysts' expectations. Is Shoals a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Shoals's revenue to grow 5.1% year on year to $104.3 million, a reversal from the 16.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.08 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Shoals has missed Wall Street's revenue estimates three times over the last two years. Looking at Shoals's peers in the renewable energy segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Generac delivered year-on-year revenue growth of 6.3%, beating analysts' expectations by 3.4%, and American Superconductor reported revenues up 79.6%, topping estimates by 11.4%. Generac traded up 28.9% following the results while American Superconductor was also up 29.4%. Read our full analysis of Generac's results here and American Superconductor's results here. Investors in the renewable energy segment have had steady hands going into earnings, with share prices flat over the last month. Shoals is down 17.3% during the same time and is heading into earnings with an average analyst price target of $6.88 (compared to the current share price of $5.21). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Bloomberg
17-07-2025
- Business
- Bloomberg
Wind, Solar Projects on Public Land to Face New Review Process
Wind and solar projects being constructed on federal land will be required to undergo a new review process at the Interior Department, under a new Trump administration directive that could slow the approval of projects. The directive, announced Thursday, will require sign-off from the Office of Interior Secretary Doug Burgum following an elevated review of decisions related to leases, rights-of-way, construction, operation plans, grants and more, the department said in a statement.
Yahoo
12-07-2025
- Business
- Yahoo
An 11.5% yield?! Here's the dividend forecast for a hot income stock
Renewable energy income stocks currently offer impressive dividend yields. That's because Investor sentiment in this space remains subdued due to higher interest rates and falling energy prices. And as a consequence, many of these shares are trading at discounted valuations. NextEnergy Solar Fund's (LSE:NESF) one such enterprise with its shares trading close to a 20% discount to its net asset value, offering a staggering 11.5% yield. Yet despite this pessimism, the share price has actually been on the rise this year, climbing by 11% and outpacing many of its peers. So is this just a short-term rally? Or are we looking at the start of a long-awaited rebound? As the name suggests, NextEnergy Solar focuses on investing in utility-scale solar energy infrastructure. The bulk of its asset portfolio consists of UK solar farms with some European exposure, totalling an 865 megawatt energy-generating capacity. For reference, that's roughly enough to power 330,000 homes. The business model's simple. Generate clean electricity and sell it to the grid. The continuous need for electricity makes for a highly recurring revenue model that's translated into relatively stable cash flows. As with many renewable energy enterprises, the weather can slow things down. Yet, prudent capital allocation has enabled management to continuously hike dividends every year for the last 10 years, staying ahead of inflation. And even with the headwinds of falling electricity prices, the company's robust cash coverage indicates that payouts will continue to flow to shareholders. Dividends for its 2024 fiscal year totalled 8.43p. If the latest analyst forecasts prove accurate, that's expected to increase to 8.68p by 2027. The growth rate's hardly phenomenal. But with the yield already in double-digit territory, there remains a potentially lucrative income opportunity here. Even more so as the UK strives towards a Net-Zero energy grid by 2030. If the extraordinary 11.5% dividend yield's here to stay, why aren't more investors rushing to buy shares? We've already touched on it – energy prices. While energy inflation's certainly wreaked havoc on many households lately, the long-term trends suggest that electricity's on track to get steadily cheaper over the next 20 years. That's great news for consumers, but less so for energy generators who operate with a lot of fixed costs. Lower prices mean less profit, which could eventually compromise dividends. And with just shy of £200m of debts and equivalents on its balance sheet, it could force management to sell off some of its assets at their currently discounted prices to cover upcoming loan maturities. Pairing all this with the ever-increasing erratic behaviour of the weather results in a lot of uncertainty – the bane of the investing world. All things considered, few income stocks can boast of their ability to maintain double-digit dividend yields. However, the lack of projected growth does give me pause. Even more so when considering other renewable energy firms like Greencoat UK Wind are preparing to ramp up their dividend rather than keep it stable. With that in mind, I'm personally not rushing to buy. But that doesn't mean the stock isn't worthy of a closer look from opportunistic income investors. The post An 11.5% yield?! Here's the dividend forecast for a hot income stock appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
Yahoo
05-07-2025
- Business
- Yahoo
SolarEdge Technologies (SEDG) Gained Over 37% This Week. Here is Why.
The share price of SolarEdge Technologies, Inc. (NASDAQ:SEDG) surged by 37.22% between June 26 and July 3, 2025, putting it among the Energy Stocks that Gained the Most This Week. A technician installing a communication device in a large solar energy system. SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a global leader in smart energy technology. The company produces current optimized inverter systems for solar photovoltaic installations in the United States, Germany, the Netherlands, Italy, the rest of Europe, and internationally. SolarEdge Technologies, Inc. (NASDAQ:SEDG) was among the solar energy stocks that soared this week after the final approved version of President Trump's sweeping tax and spending bill turned out to be more generous for the industry than initially expected. Though the legislation still intends to phase out the sector's tax credits earlier than expected, the phase-down is more gradual compared to the earlier drafts. The final bill also did not include the controversial solar excise tax that had been included earlier, somewhat easing concerns for the industry. Moreover, SolarEdge Technologies, Inc. (NASDAQ:SEDG) recently announced that it has commenced full production and shipment of its Home Battery at a new factory in Salt Lake City, meaning that the company is now manufacturing its full residential offering — inverter, power optimizer, and battery — in the United States. While we acknowledge the potential of SEDG 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: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None.
