Latest news with #alternativeenergy
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
More U.N. Climate Nonsense
Backers of inefficient and unreliable energy production used to say that wind and solar breakthroughs were just around the corner. But one can use this argument to secure government subsidies for only so many decades before taxpayers start asking why they have to support an infant industry that's older than they are. These days it's become more common for environmentalists to assert that the future has arrived and alternative energy is now dirt cheap. This ought to make it even harder to explain why government support should continue, but it also may create the misimpression that the massively expensive wind and solar experiment is finally working. Secretary-General of the United Nations António Guterres went even further in a Tuesday speech, claiming that fossil fuels are much more heavily subsidized than his beloved alternative energy projects and suggesting that wind and solar are the clear marketplace winners:
Yahoo
15-07-2025
- Business
- Yahoo
Plug Power (PLUG) Stock Declines While Market Improves: Some Information for Investors
In the latest close session, Plug Power (PLUG) was down 3.09% at $1.57. The stock's change was less than the S&P 500's daily gain of 0.14%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.27%. The alternative energy company's shares have seen an increase of 25.58% over the last month, surpassing the Computer and Technology sector's gain of 5.36% and the S&P 500's gain of 3.97%. Market participants will be closely following the financial results of Plug Power in its upcoming release. In that report, analysts expect Plug Power to post earnings of -$0.16 per share. This would mark year-over-year growth of 55.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $152.54 million, up 6.41% from the year-ago period. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.6 per share and a revenue of $714.96 million, indicating changes of +77.61% and +13.7%, respectively, from the former year. Any recent changes to analyst estimates for Plug Power should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Plug Power is holding a Zacks Rank of #3 (Hold) right now. The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 38% echelons of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plug Power, Inc. (PLUG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
08-07-2025
- Business
- Yahoo
Solar Stocks Slump on Trump Executive Order Cutting Federal Support
Alternative energy shares sank on President Trump's executive order calling for cuts in federal support for the industry. The president's executive order called on officials to "rapidly eliminate" the impact of so-called "green" energy subsidies. The order requires the Secretaries of Treasury and Interior to act on the changes within 45 days of July 4, when the president signed the legislation known as the One Big Beautiful Bill Energy (ENPH), First Solar (FSLR), and NextEra Energy (NEE) were among the worst-performing stocks in the S&P 500 after President Donald Trump signed an executive order aimed at ending most federal support for alternative energy. The order calls on the government to "rapidly eliminate the market distortions and costs imposed on taxpayers by so-called 'green' energy subsidies." It's designed to use the recently passed budget plan, known as the One Big Beautiful Bill Act, to increase the repeal and modifications to wind, solar, and other alternative energy subsidies. In addition, Trump ordered the end of "taxpayer support for unaffordable and unreliable 'green' energy sources and supply chains built in, and controlled by, foreign adversaries." The requirements of executive order are to be implemented by the Secretaries of Treasury and Interior over the next month and a half. Trump argued that for too long, taxpayers have subsidized "expensive and unreliable energy sources like wind and solar," which he said have hurt domestic energy sources and the natural landscape, compromised the energy grid, and threatened national security. Read the original article on Investopedia 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
18-05-2025
- Business
- Yahoo
Grand Forks lawmakers heard a menagerie of issues from constituents
May 17—EDITOR'S NOTE — The following is part of an ongoing series of Herald stories about the recently completed session of the North Dakota Legislature. GRAND FORKS — The 2025 legislative session hit a number of topics and issues affecting all of North Dakota. In Grand Forks, local lawmakers had their own differing concerns brought to them by constituents. The biennial session ended earlier this month after more than 1,000 bills and resolutions were introduced. Throughout their four months in Bismarck, lawmakers say they typically receive a number of emails and calls from the people they represent. Sen. Claire Cory, R-Grand Forks, experienced a buzz about blackout license plates and alternative energy sources, such as geothermal and nuclear. About the latter, she said she is "optimistic about the future application moving towards long term energy needs, jobs and opportunities this will create for North Dakota." Blackout license plates, gaining popularity in Minnesota and other states, were introduced to North Dakota via Senate Bill 2133 . Rather than the typical state plate design — a bison silhouetted before a setting sun over the Badlands — the new plates will simply be black with white lettering. Cory said she's heard a lot of excitement about them. Purchasing the plates will also put money into North Dakota's highway system. The bill, according to Sen. Kristin Roers, R-Fargo, was filed on a constituent's request. Rep. Steve Vetter, R-Grand Forks, said a number of his own bills were based on constituent issues he heard. Some of the bills of which he was a primary sponsor involved false reports to law enforcement, edible medical marijuana and motor vehicle window tints. Property tax was a hot topic for constituents of at least four Grand Forks legislators: Cory, Vetter, Rep. Mark Sanford and Sen. Scott Meyer. Sanford, R-Grand Forks, said it was what he received the most comments about. Meyer, R-Grand Forks, said it might show up again in the next session following the passing of House Bill 1176 this session. "The goal was to not only bring relief to homeowners, but to also bring tax reform in the form of caps," he said. "When massive policy like this is enacted, there will be feelings that we could do more. With that said, we'll have an opportunity to address any unintended consequences in Bismarck next session." Sanford said he also heard frequently from the higher education community because he carries that budget. Rep. Zac Ista, D-Grand Forks, also mentioned education, said protecting public education was the top concern he heard from constituents. "There was a large public outcry against voucher and educational savings account proposals that would have diverted public tax dollars to paying for private school tuition," he said. "Simply put, the public was strongly against this plan." Rep. Eric Murphy, R-Grand Forks, said House Bill 1318 was something for which he received a number of "thank you" notes. The approved bill's goal is to provide legal protections for pesticide manufacturers, specifying that a label approved by the Environmental Protection Agency is sufficient in warning users about hazardous chemicals. The bill received protest from some legislators and North Dakota residents. Prior to the vote by the Senate to approve the bill, about two dozen people stood outside the Capitol building voicing concerns about it. Among concerns about health risks, people also worried about keeping companies liable for health issues caused by the chemicals. "This does not remove responsibility for unknown health risks when using a product nor known health risks, but it does relieve them from failure to warn the consumer," Murphy, R-Grand Forks said. "(It's) an important bill for agriculture producers." Sen. Jonathan Sickler, R-Grand Forks, said his constituent comments were about time — literally. "By far, I received the most individual communications from constituents who were opposed to the bill to switch to standard time year-round," he said. "The Legislature heard the opposition and handily defeated the proposed change."
