Influences from abroad may first drive stocks, bonds and the dollar.» Read More
NEW YORK, May 28- A consortium of York Capital Management, NRG Energy Inc and ITC Holdings Corp have proposed investing as much as $3.5 billion in Puerto Rico's electrical infrastructure, a source familiar with the consortium said on Thursday. The proposed investment would be for a total of $2.5 billion to $3.5 billion and would be subject to due diligence, the...
NEW YORK, May 28- A consortium of York Capital Management, NRG Energy and ITC Holdings have proposed investing as much as $3.5 billion in Puerto Rico's electrical infrastructure, a source familiar with the consortium said on Thursday. PREPA's ad hoc group of creditors, including OppenheimerFunds and Franklin Templeton, in March offered $2 billion to finance a...
May 8- California will have enough power to meet air conditioning demand this summer despite continued low hydropower supplies due to an ongoing multi-year drought. "It is always a challenge to operate the grid under the high loads produced by sweltering summer temperatures, but our analysis shows we have the resources available to meet California's need...
May 7- TerraForm Global Inc, formed by solar company SunEdison Inc to own and operate some of its power plants in emerging markets, filed with U.S. regulators for an initial public offering of its class A common shares. SunEdison is following in the footsteps of NRG Energy Inc, which listed a unit holding some of its wind and natural gas assets in 2013..
April 30- Solar panel makers SunPower Corp and First Solar Inc reported a quarterly loss, compared with a year-earlier profit, as they sold fewer power plants ahead of a spinoff of some of their assets into a joint public entity. SunPower and First Solar said in February that they would spin off some of their power plants into a limited partnership called 8 point3...
Declines ranged from about 1 percent for shares of FirstEnergy Corp to about 5 percent for NRG Energy Inc. Declines ranged from about 1 percent for shares of FirstEnergy Corp to more than 5 percent for NRG Energy Inc. PJM operates the power grid in all or parts of 13 mid-Atlantic and Midwest states, from New Jersey to Illinois, and the District of Columbia.
NEW YORK, March 1- What a difference a year makes. New England' s power grid operator, ISO New England, provided incentives to encourage generators to lock in oil and gas supplies early, offering an end-of-season cash payout to cover any excess costs from unused fuel supplies, among other things. "Both the region's power grid and its resources have been operating well...
*SunPower Q4 adj profit of $0.26/ shares vs est. of $0.24. *SunPower, First Solar shares up on JV news. Feb 24- Shares of solar companies got a boost on Tuesday, a day after SunPower Corp and First Solar Inc said they were in talks to jointly spin off some assets, a move expected to generate stable cash flows for the long-standing rivals.
Feb 23- First Solar Inc and SunPower Corp said they were in advanced talks to form a joint venture, which will hold some of their solar power-generating assets. First Solar's shares rose 10.4 percent, while SunPower's stock was up 11.8 percent in after-market trading on Monday. First Solar and SunPower said they intend to file with the U.S. Securities and Exchange...
With the Dow soaring to new highs, Jim Cramer is ready to do some buying in case the euphoria wears off.
Some of Monday's midday movers:
"Mad Money" host Jim Cramer is rapping about the recent performance of some of the biggest names in the market, from McDonald's to Netflix
Stocks were little changed after data had creation of 214,000 jobs in October.
Some of Wednesday's midday movers:
The residential solar market is on fire, but the trend could disrupt some traditional energy companies.
David Crane, NRG Energy CEO, discusses his green energy initiatives. The only double-digit growth area is the clean energy portion of the space, says Crane.
The U.S. is the third-largest solar market, and it's growing rapidly because of private investment and federal support.
Some of the names on the move ahead of the open.
Take a look at some of Tuesday's midday movers:
Since January, utilities have been the top performer in the S&P. But investors beware: If interest rates rise, you could be hard-hit.