Latest news with #datacenters
Yahoo
18 hours ago
- Automotive
- Yahoo
Cummins Inc. (CMI) Stands To Benefit From AI Build Out, Says Jim Cramer
We recently published . Cummins Inc. (NYSE:CMI) is one of the stocks Jim Cramer recently discussed. Cummins Inc. (NYSE:CMI) is an industrial machinery firm slated to benefit from growing data center construction, according to Jim Cramer. The firm's shares are down by 1.6% year-to-date as the firm has joined other vehicle companies to assess the impact of tariffs on its business. Cummins Inc. (NYSE:CMI)'s stock might have been worse off had it not been for surging interest in data center build out. Here is what Cramer said: 'No I mean data centers are the story again. Pennsylvania data centers. The building of them would be CoreWeave, the President's going to Pennsylvania. Pennsylvania being a hub for all these. Everyone wants to play the parts of data center again. It really cooled in April. No one cared. The stocks got killed. . .I think that you can go back to these stocks. . . .Cummins is there.' Previously, the CNBC TV host discussed Cummins Inc. (NYSE:CMI)'s share price movements after EPA announcements, which led to worries about advance demand for the firm's products evaporating: A mechanic standing proudly in a factory floor surrounded by the engines the company produces. '[On stock moving after EPA's latest comments] Well, they've always, anytime there has been like a tightening of the rules, they always, these companies have done well in pre buy. It's like wow, I can go buy all the engines now before the tariffs so to speak of the EPA. And they lost that wind behind their back.' While we acknowledge the potential of CMI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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 hours ago
- Business
- Yahoo
Dover Corporation (DOV): 'You Just Want To Own Dover,' Says Jm Cramer
We recently published . Dover Corporation (NYSE:DOV) is one of the stocks Jim Cramer recently discussed. Dover Corporation (NYSE:DOV) is one of the largest industrial machinery providers in America. Cramer discussed the stock in the context of booming AI build outs in America. Dover Corporation (NYSE:DOV)'s shares are flat year-to-date as the firm has suffered from the uncertainty created by high tariffs. However, its stock has gained 4% over the pre-Liberation Day announcement high. Cramer's earlier comments about Dover Corporation (NYSE:DOV) have dismissed market worries and advised viewers to buy. Here are his recent thoughts: 'No I mean data centers are the story again. Pennsylvania data centers. The building of them would be CoreWeave, the President's going to Pennsylvania. Pennsylvania being a hub for all these. Everyone wants to play the parts of data center again. It really cooled in April. No one cared. The stocks got killed. . .I think that you can go back to these stocks. . .You just want to own Dover which is a stock we own for the charitable trust, besides Eaton which is there. You want to be there again, because the building is continuing and I just feel like, wow it's a pretty good time.' A modern industrial equipment assembly line in motion. The CNBC TV host discussed Dover Corporation (NYSE:DOV)'s share price performance in June. Here is what he said: 'I look wrong right now on Dover for the club… but I think I'm going to be right. Why? Because I think that Tobin is very smart, the CEO and the stock should never have been thrown back, 19 times earnings. It even went down when steel tariffs went on. I say enough is enough. Buy Dover right now, tomorrow morning.' While we acknowledge the potential of DOV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Reuters
a day ago
- Business
- Reuters
Talen Energy shares soar to all-time high on prospect of data center deals
July 18 (Reuters) - Shares of Talen Energy (TLN.O), opens new tab jumped more than 23% on Friday to a record high, a day after the power producer announced deals worth $3.5 billion to buy two gas-fired plants as it looks to meet growing power demand from data centers. Talen on Thursday said it will buy the Moxie Freedom Energy Center in Pennsylvania from Caithness Energy and the Guernsey Power Station in Ohio from Caithness Energy and BlackRock. Brokerage UBS said the deals allow Talen to "extend the runway" of assets they can leverage as power demand surges from data centers used for artificial intelligence technologies. Gas-fired plants remain a critical bridge in the U.S. energy transition, providing dependable and dispatchable power at scale. The deals give Talen "new flexibility to capitalize on robust data center contracting demand," and may help increase its valuation, J.P. Morgan said. CEO Mac McFarland said Thursday's deals add "more than the equivalent" of another Susquehanna plant to the company's platform. Jefferies analysts expect the transactions to increase potential for data center deals. The average buying price of the two plants is about 53% of the cost of building new turbines, according to analysts at brokerage Evercore ISI. "Buy over build continues the momentum," they said. BofA analysts said the larger fleet lets Talen take up more load and still retain grid resources. Talen said the two plants, which add nearly 3 gigawatts of capacity, are among the most efficient in the PJM Interconnection, a regional transmission organization that manages the flow of wholesale electricity in parts of the Eastern United States, stretching from Illinois to New Jersey. The deals are expected to bolster Talen Energy's 2026 adjusted core profit by more than 40% and boost its free cash flow by 40% in 2026 and over 50% through 2029.
Yahoo
2 days ago
- Business
- Yahoo
Talen Energy Stock Soars Over 20% on Purchase of 2 Plants in AI Power Move
Key Takeaways Talen Energy said it's buying two natural gas-powered plants, in a move to meet growing demand to support AI data centers. The energy provider paid $3.5 billion for Caithness Energy's Moxie Freedom Energy Center in Pennsylvania and the Caithness-BlackRock-owned Guernsey Power Station in Ohio. The news sent shares of Talen Energy up over 20% to a record high in recent Energy (TLN) shares soared to an all-time high Friday after the energy provider said it's buying two natural gas-powered plants for $3.5 billion, in a move to meet growing demand to support AI data centers. The stock was up over 20% in recent trading above $326, on track to close at an all-time high, after setting an intraday record at $330.18 earlier in the session. The deal gives Talen the Moxie Freedom Energy Center in Pennsylvania, owned by private energy producer Caithness Energy, and the Guernsey Power Station in Ohio, co-owned by Caithness and BlackRock (BLK). Talen said the acquisition boosts its portfolio, and 'enhances Talen's ability to offer reliable, scalable, grid-supported and regionally diverse low-carbon capacity to hyperscale data centers and large commercial off-takers." Talen noted that the deal is expected to be 'immediately accretive to free cash flow per share by over 40% in 2026, and over 50% through 2029.' The move also comes just days after President Donald Trump attended a summit in Pennsylvania, where he announced a $92 billion commitment to support growth of AI data centers and the energy sources to supply them. Jefferies analysts on Friday raised their price target on Talen stock to $380 from $326, with the analysts calling it a 'highly accretive & strategic acquisition.' With Friday's gains, Talen shares have added over 60% this year so far. 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
2 days ago
- Business
- Yahoo
Earnings Preview: What to Expect From Equinix's Report
Equinix, Inc. (EQIX), headquartered in Redwood City, California, operates as a real estate investment trust. With a market cap of $74.9 billion, the company invests in interconnected data centers. Equinix focuses on developing a network- and cloud-neutral data center platform for cloud and information technology, enterprise, network, and mobile services providers, as well as financial companies. The world's digital infrastructure company is expected to announce its fiscal second-quarter earnings for 2025 after the market closes on Wednesday, Jul. 30. Ahead of the event, analysts expect EQIX to report an FFO of $8.08 per share on a diluted basis, down 12.4% from $9.22 per share in the year-ago quarter. The company has consistently surpassed Wall Street's FFO estimates in its last four quarterly reports. More News from Barchart Insider Trading Alert: Here's Who Bought Nvidia and AMD Stock Before the U.S. Chip Deal with China Dear Tesla Stock Fans, Mark Your Calendars for July 23 Robinhood Keeps Hitting New Highs. How Should You Play HOOD Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For the full year, analysts expect EQIX to report FFO of $33.53 per share, down 4.3% from $35.02 per share in fiscal 2024. However, its FFO is expected to rise 6.3% year-over-year to $35.64 in fiscal 2026. EQIX stock has underperformed the S&P 500 Index's ($SPX) 12.7% gains over the past 52 weeks, with shares down 3.4% during this period. Similarly, it underperformed the Real Estate Select Sector SPDR Fund's (XLRE) 2% gains over the same time frame. On Apr. 30, EQIX shares closed up more than 1% after reporting its Q1 results. Its FFO of $9.67 per share surpassed Wall Street estimates of $8.96 per share. The company's revenue was $2.23 billion, exceeding Wall Street forecasts of $2.22 billion. The company expects full-year FFO in the range of $37.36 to $38.17 per share, and expects revenue to be between $9.2 billion and $9.3 billion. Analysts' consensus opinion on EQIX stock is bullish, with an overall 'Strong Buy' rating. Out of 29 analysts covering the stock, 22 advise a 'Strong Buy' rating, two suggest a 'Moderate Buy,' and five give a 'Hold.' EQIX's average analyst price target is $952.69, indicating a potential upside of 22.8% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
