Latest news with #WEG
Bloomberg
28-05-2025
- Business
- Bloomberg
Brazilian Engine Maker Faces Trump's Tariffs After Making Billions for Owners
Wealth Billionaires Brazilian firm WEG has created $21.1 billion in wealth for the descendants of its founders. Now it's facing what may be its biggest challenge yet. It's said that 'dividend days' are the best days of the year in the remote Brazilian town of Jaragua do Sul, population 180,000. That payment, together with a profit-sharing program from electric-motor maker WEG SA, helps to support some 20% of the city's residents, spanning current workers to family members and retirees. The 64-year-old company, founded by an electrician, an accountant and a mechanic, says its own health clinics treat nearly as many patients a year as the city's health system.
Yahoo
02-05-2025
- Automotive
- Yahoo
This Week In Electric Vehicles - Charging Market Soars with Tech Innovations and Policy Support
The electric vehicle (EV) charging station market is set for substantial growth, driven by rising EV adoption, supportive government policies, and advances in charging technology. The global market, valued at USD 39.7 billion in 2024, is projected to reach USD 363.3 billion by 2034, with DC fast charging projected to exceed USD 180 billion due to increasing demand for long-distance EV travel capabilities. Government incentives and regulatory measures are crucial in expanding charging infrastructure, with a focus on integrating IoT and AI technologies to optimize operations. Home charging accounts for 80% of EV charging, highlighting the importance of affordable AC chargers for residential use, while public charging networks continue to expand to alleviate range anxiety and support the growing EV fleet. Nonetheless, challenges such as high installation costs and interoperability issues persist, alongside a shift toward renewable energy integration in charging solutions. In other market news, was trading firmly up 11.4% and finishing the session at THB98.00. At the same time, softened, down 11.6% to end trading at R$44.64. On Wednesday, the company announced a year-over-year increase in its first-quarter net income and earnings per share. WEG's expansion in transformer manufacturing across Latin America aims for substantial revenue growth starting in 2025, reflecting expected earnings of R$9.9 billion by May 2028. Explore the full narrative to discover how these strategic moves could impact WEG's future. Don't miss our previous 'Market Insights' article, where we examined the turbulent landscape and potential opportunities in the electric vehicle market amid tariff challenges and slowing sales. finished trading at HK$382.40 up 3.3%. closed at $10.18 up 1.7%. finished trading at $280.52 down 0.6%. This week, Tesla faced a lawsuit alleging deceptive marketing of its Full Self-Driving technology. Take a closer look at our EV Stocks list of 49 companies, such as Ningbo Tuopu GroupLtd, Ferrari and Hyundai MobisLtd, by clicking here. Searching for a Fresh Perspective? The end of cancer? These 23 emerging AI stocks are developing tech that will allow early idenification of life changing disesaes like cancer and Alzheimer's. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "The Global Market for Electric Vehicle (EV) Charging Stations 2025-2034 - DC Fast Charging Segment to Exceed $180 Billion by 2034 Amid Surge in Long-Distance EV Travel" from Research and Markets on GlobeNewswire (published 01 May 2025) Companies discussed in this article include SET:DELTA SEHK:1211 NYSE:F NasdaqGS:TSLA and BOVESPA:WEGE3. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
Energy Transition Update - The Green Hydrogen Revolution For A Sustainable Future
Green hydrogen is set to play a pivotal role in the global energy transition, driven by advances in technology, escalating demand for renewable energy, and supportive governmental policies. This sector, which utilizes renewable energy sources such as solar and wind to produce hydrogen via water electrolysis with minimal emissions, offers significant environmental benefits. As countries align with international climate agreements like the Paris Agreement to reduce greenhouse gas emissions, the regulatory landscape is becoming increasingly favorable for green hydrogen. This shift not only aids in decarbonizing industries but also supports significant growth projections for the green hydrogen market, with a forecasted rise from USD 1.5 billion in 2025 to USD 125.3 billion by 2035. In other market news, was trading firmly up 11.4% and closing at THB98.00. Meanwhile, softened, down 11.6% to end the day at R$44.64. On Wednesday, the company reported increased first-quarter net income and earnings per share compared to the previous year. WEG is rapidly capitalizing on expansion in solar energy and global production facilities. Discover how this strategic growth could impact your investment strategy by clicking through to our narrative on WEG. For a deeper understanding of the evolving Energy Transition landscape, don't miss our Market Insights piece detailing oil and gas sector pressures and long-term trends. ended the day at $150.71 up 0.8%. closed at $282.16 down 3.4%. A personal injury lawsuit was filed against Tesla two days ago, alleging deceptive marketing of its Full Self-Driving technology. settled at $125.82 down 8.3%. Two days ago, the company lowered its 2025 earnings guidance amid reduced expectations for net sales, operating income, and earnings per share. Discover the full array of 145 Energy Transition Stocks, featuring Veolia Environnement, DCC and EMCOR Group, right here. Curious About Other Options? Explore 21 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "Green Hydrogen Market Industry Report 2025, Global Forecasts to 2035: Alkaline Electrolyzer and PEM Lead Tech Revolution in Green Hydrogen Segment" from Research and Markets on GlobeNewswire (published 30 April 2025) Companies discussed in this article include SET:DELTA NasdaqGS:AMAT NasdaqGS:TSLA NasdaqGS:FSLR and BOVESPA:WEGE3. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
01-05-2025
- Business
- Yahoo
Energy Transition Update - The Green Hydrogen Revolution For A Sustainable Future
Green hydrogen is set to play a pivotal role in the global energy transition, driven by advances in technology, escalating demand for renewable energy, and supportive governmental policies. This sector, which utilizes renewable energy sources such as solar and wind to produce hydrogen via water electrolysis with minimal emissions, offers significant environmental benefits. As countries align with international climate agreements like the Paris Agreement to reduce greenhouse gas emissions, the regulatory landscape is becoming increasingly favorable for green hydrogen. This shift not only aids in decarbonizing industries but also supports significant growth projections for the green hydrogen market, with a forecasted rise from USD 1.5 billion in 2025 to USD 125.3 billion by 2035. In other market news, was trading firmly up 11.4% and closing at THB98.00. Meanwhile, softened, down 11.6% to end the day at R$44.64. On Wednesday, the company reported increased first-quarter net income and earnings per share compared to the previous year. WEG is rapidly capitalizing on expansion in solar energy and global production facilities. Discover how this strategic growth could impact your investment strategy by clicking through to our narrative on WEG. For a deeper understanding of the evolving Energy Transition landscape, don't miss our Market Insights piece detailing oil and gas sector pressures and long-term trends. ended the day at $150.71 up 0.8%. closed at $282.16 down 3.4%. A personal injury lawsuit was filed against Tesla two days ago, alleging deceptive marketing of its Full Self-Driving technology. settled at $125.82 down 8.3%. Two days ago, the company lowered its 2025 earnings guidance amid reduced expectations for net sales, operating income, and earnings per share. Discover the full array of 145 Energy Transition Stocks, featuring Veolia Environnement, DCC and EMCOR Group, right here. Curious About Other Options? Explore 21 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "Green Hydrogen Market Industry Report 2025, Global Forecasts to 2035: Alkaline Electrolyzer and PEM Lead Tech Revolution in Green Hydrogen Segment" from Research and Markets on GlobeNewswire (published 30 April 2025) Companies discussed in this article include SET:DELTA NasdaqGS:AMAT NasdaqGS:TSLA NasdaqGS:FSLR and BOVESPA:WEGE3. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
30-04-2025
- Automotive
- Reuters
Brazil's WEG warns of global uncertainty as Q1 earnings miss estimates
SAO PAULO, April 30 (Reuters) - Brazilian motor maker WEG ( opens new tab reported a 16.4% year-on-year rise in its first-quarter net profit on Wednesday, but fell short of market expectations as it warned about global uncertainties. WEG's net profit in the January-March period reached 1.54 billion reais ($274 million), it said in a securities filing, while analysts polled by LSEG expected a bottom line of 1.78 billion reais. The figure was also down 8.8% on a sequential basis. WEG, which has operations in over 40 countries and plants in 17, acknowledged there is uncertainty in the geopolitical landscape, saying that although demand remains positive, the "global macroeconomic scenario requires attention." Companies around the world have been bracing for the impacts of U.S. President Donald Trump's sweeping tariffs, which have sparked a trade war and led businesses to warn of growing uncertainty and concerns about the global economy. WEG said, nonetheless, that it remains confident in its business model, citing its global presence and diversification of products and solutions. "This combination, coupled with exposure to businesses with good long-term prospects, helps mitigate risks during periods of oscillation," said the motor maker, which reports sales in regions rather than individual countries. WEG said the first-quarter results reflected positive dynamics in its long-cycle business, which makes equipment used in large projects such as transmission lines and wind power, as well as the contribution of recent acquisitions. WEG's net revenue for the quarter reached 10.08 billion reais, a 25.5% year-on-year increase, although below the 10.49 billion reais forecast by analysts and down 6.9% on a quarterly basis. The firm's closely watched EBITDA margin fell by 40 basis points year-on-year to 21.6%, also slowing from the 22.1% reported in the previous three-month period.
