Latest news with #powerinfrastructure
Yahoo
4 days ago
- Business
- Yahoo
Nuveen raises $1.3B for energy and power infrastructure fund
This story was originally published on ESG Dive. To receive daily news and insights, subscribe to our free daily ESG Dive newsletter. Dive Brief: Nuveen, the investment manager for retirement services company TIAA, said Wednesday it completed a $1.3 billion funding round for its second energy and power infrastructure credit fund to support a growing global power demand due to artificial intelligence, digitalization and electrification. The firm's EPIC II fund will provide companies with credit solutions aimed at 'supporting the build-out of secure and reliable energy and power generation while also focusing on credit opportunities involving sustainable infrastructure,' Wednesday's release said. The fund has a $2.5 billion target and will take an all-of-the-above strategy to its energy investments, investing in renewables and energy storage technologies, along with liquefied natural gas and other fossil fuels. Dive Insight: Nuveen manages more than $1.3 trillion in assets, including more than $35 billion in infrastructure assets as of March 31, according to the release. The EPIC II fund — which shares the same investment strategy and name as its predecessor EPIC I — will provide project and corporate financing to companies for equipment and growth capital, along with financing acquisitions, capital restructuring and other structured credit options. The senior managing director and portfolio manager of Nuveen's energy infrastructure credit platform, Don Dimitrievich, said the fund is 'focused on deploying capital into resilient companies and projects across the energy and power ecosystem' to capitalize on a 'historic market opportunity.' 'Investors are increasingly interested in strategies that capitalize on their conviction in the growing global energy demand brought on by digitalization, electrification and reindustrialization while also seeking downside risk mitigation to guard against macro volatility, and inflationary and geopolitical risk,' Dimitrievich said in the release. The initial funding round announced Wednesday was 'anchored' by TIAA and an unnamed 'leading Canadian pension fund manager,' Nuveen said. Investors other than TIAA were not disclosed, but the release said 'nearly half' of the round's funding commitments came from outside the U.S. The funding round included investments from global insurers, Japanese and Korean corporate and public pension funds, asset managers and limited partner investors, according to the release. Nuveen was recently one of 25 financial institutions whose executives received a letter from Republican state finance officials, pressing them to 'abstain' from incorporating net-zero asset commitments and abandon framing climate change as a long-term risk. Recommended Reading Banks improving clean energy finance ratios, still well-short of net-zero pace: report Sign in to access your portfolio
Entrepreneur
5 days ago
- Business
- Entrepreneur
Shreetech Secures USD 4.5 Mn Funding from Aarii Ventures and Cello Family Office
The capital will be used to strengthen the company's integrated operations across data centers, power infrastructure, and in-house manufacturing of core components. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Mumbai-based digital infrastructure company Shreetech Data Pvt Ltd has raised USD 4.5 million in fresh funding from Aarii Ventures, the investment arm of the Kothari family, and the Cello Family Office. The capital will be used to strengthen the company's integrated operations across data centers, power infrastructure, and in-house manufacturing of core components. Founded in 1998, Shreetech offers end-to-end infrastructure solutions, combining design, construction, technical audits, IT integration, and lifecycle management. The firm operates across three main verticals: data center and digital infrastructure, power infrastructure, and manufacturing of mission-critical equipment. To date, the company has executed more than 100 data center projects and holds over 500 MW of sanctioned power capacity. The funding round was led by Aarii Ventures, part of the Arvog and Augmont Group, which has over USD 8 billion in group revenues. "Shreetech is redefining how mission critical infrastructure is delivered in India. Its integrated approach, backed by in-house manufacturing and deep execution capabilities, is setting new benchmarks for speed, efficiency, and reliability in the sector. We believe it is not just building projects, but shaping the future of infrastructure itself," said Sagar Nishar, Chief Investment Officer at Aarii Ventures. The Cello Family Office, investment arm of the promoters of Cello Group, also participated in the round. While maintaining a low public profile, the family office has been an active investor in India's startup ecosystem, with prior backing for companies including Zepto. Shreetech's manufacturing division supports its engineering, procurement, and construction business, as well as serving third-party clients. Under its Datalix line, the company produces infrastructure components such as LV switchboards, smart power distribution units, cable management systems, and data center ceiling systems. This backward integration allows Shreetech to maintain control over quality, manage costs effectively, and improve delivery schedules. In its data center vertical, Shreetech undertakes turnkey projects including civil and MEP execution, IT networks, cloud and cybersecurity integration, smart city systems, and leasing services. Its power infrastructure portfolio covers high-capacity transmission lines, substations, and rail electrification. All operations are supported by a centralized execution and monitoring framework. The company has reported a compound annual growth rate of 62 percent, with revenue rising from INR 88 crore in FY21 to INR 613 crore in FY25. The growth has been led primarily by data infrastructure projects, followed by power infrastructure and manufacturing. With the new investment from two strategic family offices, Shreetech plans to further strengthen its role as a full-stack infrastructure partner in India's expanding digital and industrial sectors.
Yahoo
24-07-2025
- Business
- Yahoo
Argan, Inc. (AGX): A Bull Case Theory
We came across a bullish thesis on Argan, Inc. on Beating The Tide: Stock Picks That Outperform's Substack by George Atuan, CFA. In this article, we will summarize the bulls' thesis on AGX. Argan, Inc.'s share was trading at $203.84 as of July 17th. AGX's trailing P/E was 28.43 according to Yahoo Finance. A portrait of a woman entrepreneur in a clean energy plant, an inspiration for others. Argan Inc. (AGX), a specialized engineering, procurement, and construction (EPC) contractor, has delivered exceptional results amid accelerating power infrastructure investment, driven by rising electricity demand from data centers, manufacturing reshoring, and renewables integration. The company's backlog has surged to a record $1.9 billion, providing multi-year revenue visibility, with large-scale projects like the 1.2 GW Sandow gas plant in Texas and a series of high-margin gas and battery storage contracts. Argan's unique positioning lies in its ability to handle multi-technology projects—gas-fired plants, battery storage, and renewables—allowing it to market itself as 'energy transition ready.' Execution remains a key strength, with gross margins sustaining in the high teens and EBITDA margins trending above 15%, supported by a selective bidding approach and operational discipline. Its fortress balance sheet, with over $540 million in cash and no debt, underpins capital returns through buybacks and dividends while generating significant interest income, further boosting free cash flow. A refreshed DCF model values AGX at $290 per share, up from $278, implying roughly 32% upside from current levels, with upside scenarios reaching $360 if backlog growth persists. However, the premium valuation (~33x forward P/E) leaves less room for error, as execution risks, project lumpiness, and competitive pressures remain key sensitivities. Heavy insider selling over the past year signals tempered management sentiment but coincides with a period of record performance rather than operational weakness. Overall, AGX remains a high-quality play on the long-term rebuild of U.S. power infrastructure, offering resilient growth, strong cash generation, and an attractive risk/reward profile despite elevated expectations. Previously, we covered a bullish thesis on EMCOR Group, Inc. (EME) by CompanyCharts in April 2025, which highlighted its U.S.-centric operations, fixed-price contracts, and strong earnings growth protecting margins amid trade volatility. The stock has appreciated about 46.2% since the thesis played out. It still stands, while George Atuan, CFA shares a similar view, emphasizing Argan, Inc.'s record backlog and energy transition focus. Argan, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held AGX at the end of the first quarter which was 33 in the previous quarter. While we acknowledge the potential of AGX 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: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. 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
23-07-2025
- Business
- Yahoo
Argan Gains Analyst Praise While Executives Cash Out After Record Quarter
Argan, Inc. (NYSE:AGX) is one of the . Amid strong quarter results and raised price targets, the company witnessed major sell-offs by its top executives in June. A worker inspecting a newly built bridge, symbolic of the company's engineering prowess. Based in Maryland, the engineering, procurement, and construction holding company, Argan, Inc. (NYSE:AGX) engages in its business through subsidiaries like Gemma Power Systems. Specializing in power infrastructure, including natural gas and clean-energy plant construction, the company benefits from a robust project pipeline amid rising demand. On June 4, 2025, the company reported its first quarter fiscal 2026 results, where it highlighted a 23% year-over-year increase in consolidated revenue reaching $193.7 million. Argan, Inc. (NYSE:AGX) also reported a record backlog of $1.9 billion as of April 30, 2025. On June 5, 2025, while maintaining a Buy rating on the stock, Lake Street raised the price target on Argan, Inc. (NYSE:AGX) from $150 to $236, signaling immense confidence in the stock's potential. Following the target price increase, the company's top executives, including the President, CEO, and Directors, sold a total of 118,000 shares in a total transaction valued at more than $25.58 million between June 11 and June 30, 2025. Argan, Inc. (NYSE:AGX) keeps risk in check with a 0.58 beta, while the next five years could bring 17% EPS growth, suggesting a potential buy. While we acknowledge the potential of AGX 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 Metal Stocks with Insider Buying in 2025 and 10 Energy Stocks with Insider Buying in 2025 Disclosure. None. 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
South China Morning Post
23-07-2025
- Business
- South China Morning Post
China powers ahead in AI race as US struggles with energy constraints, Anthropic says
The US is falling behind China in energy generation, according to Silicon Valley start-up Anthropic , as the artificial intelligence company urges Washington to 'slash red tape' surrounding power infrastructure development amid escalating competition with China. Last year, China added 400 gigawatts of power capacity, while the US added only 'several dozen' – amounting to just one-tenth of China's total, Anthropic said in a report published on Tuesday, citing numbers from a report in February by Australian think tank Climate Energy Finance. Anthropic, the San Francisco-based firm behind the Claude large language models, noted that the AI sector in the US would require at least 50 gigawatts of power capacity by 2028, and the disparity in power capacity with China was 'concerning'. Energy has emerged as a critical battleground in the intensifying US-China AI race, where the world's two largest economies are engaged in fierce competition in fields ranging from AI algorithms to advanced semiconductor technology Wind turbines in Suichuan county in China's central Jiangxi province. Photo: AFP While US capital expenditure on AI was heavily focused on hardware like semiconductors, a significant portion of China's AI investment this year would go towards building data centres and the energy infrastructure needed to support them, said Matty Zhao, co-head of China equity research at Bank of America Securities, in an interview with the Post last month.
