C3.ai discloses Baker Hughes Holdings to sell 873.4K shares of common stock » 17:3804/0804/08/21
In a regulatory filing,…
In a regulatory filing, C3.ai disclosed that Baker Hughes Holdings sold a holding of 873.4K shares of common stock on April 7th in a total transaction size of $56.1M, reducing its stake by about 8%.
Ameren initiated with a Neutral at Mizuho » 16:1004/0804/08/21
Mizuho analyst Anthony…
Mizuho analyst Anthony Crowdell initiated coverage of Ameren with a Neutral rating and $83 price target. The analyst believes the company will continue to meet its 6%-8% earnings growth rate through 2025 but the recent Missouri electric rate filing has created some regulatory overhang, Crowdell tells investors in a research note. The analyst finds Ameren's "current premium valuation as fair."
Air Products unveils hydrogen fueling station in Ulsan, South Korea » 10:1504/0704/07/21
Air Products announced it…
Air Products announced it recently opened a new hydrogen fueling station at its industrial gases facility in Ulsan City, South Korea. Built with Air Products' state-of-the-art hydrogen fueling technology and operated by the Company, the station is the first station built and operated by the private sector in the city under the South Korea government's subsidy program. It is part of the Company's ongoing commitment to Ulsan City, which houses the country's hydrogen industry hub and is one of the three pilot cities in the national hydrogen economy roadmap. "Hydrogen and fuel cell technologies are part of the solution to the energy and environmental challenges of today and tomorrow," said Kim Kyo-Yung, president of Air Products Korea. "As the world's largest hydrogen producer and a global leader in hydrogen technology, Air Products is committed to supporting South Korea to realize a hydrogen-powered society through our expertise across every aspect of the Hydrogen for Mobility value chain."
Fox Corp., L Brands upgrades among today's top calls on Wall Street » 10:0404/0704/07/21
FOXA, LB, ANF, VIAC, VIACA, RUN, CASY
Check out today's top…
174 Power Global in 15 year PPA for solar facility with Black Hills » 09:2204/0704/07/21
174 Power Global, a…
174 Power Global, a leading solar energy company, today announced that it has entered into a 15-year Power Purchase Agreement with Black Hills Energy to develop a 200-megawatt solar power production facility, Turkey Creek Solar in Pueblo County, Colorado. The new, utility-scale solar facility, is expected to generate enough electricity to power an estimated 46,000 Colorado homes with clean, renewable energy. Once operational, the facility will contribute to Black Hills Energy's Renewable Advantage plan, a clean-energy growth strategy which is forecasted to deliver nearly $178M through state, local and federal taxes, benefiting the community. The project has an estimated construction cost of over $200M and will create approximately 250 good-paying construction jobs, with the potential for up to 450 workers during certain phases of construction. "We are glad to partner with Black Hills Energy on the Turkey Creek Solar project, which will provide long-lasting environmental and economic benefits to the Pueblo community, as well as dependable solar power," said 174 Power Global President Henry Yun. "We look forward to bringing Black Hills customers sustainable, cost-competitive, clean energy and working with the Pueblo and Fremont county communities." "We are very pleased by the broad community support that is driving our Renewable Advantage plan forward," said Vance Crocker, Black Hills Energy's vice president for Colorado utilities. "With a project of this magnitude - the first and largest utility-scale solar project for Black Hills Energy - we will assure significant cost savings for our customers, while achieving long-lasting environmental benefits and economic vitality for our local and regional economies for years to come." Construction of the facility is expected to commence in 2022, with the project coming online in 2023. Under the terms of the agreement, Black Hills Energy will purchase all power generated by the project. 174 Power Global will lead project development and construction, the engagement and permitting process with local agencies, including Pueblo and Fremont Counties, and will own and operate the facility.
Sunrun initiated with an Outperform at RBC Capital » 16:1004/0604/06/21
RBC Capital analyst…
RBC Capital analyst Elvira Scotto initiated coverage of Sunrun with an Outperform rating and $81 price target. Scotto estimates Sunrun has about a 25% share of the "rapidly growing" U.S. residential rooftop solar market and argues that its size, scale and brand give it advantages in acquiring customers and securing better financing than peers. Home battery options and virtual power plant agreements give the company added growth opportunities, the analyst said.
MP Materials call volume above normal and directionally bullish » 15:2504/0604/06/21
Bullish option flow…
Bullish option flow detected in MP Materials with 16,666 calls trading, 1.3x expected, and implied vol increasing almost 3 points to 90.96%. Apr-21 40 calls and Apr-21 35 puts are the most active options, with total volume in those strikes near 10,700 contracts. The Put/Call Ratio is 0.58. Earnings are expected on May 17th.
Black Hills price target raised to $75 from $70 at Wells Fargo » 07:4404/0604/06/21
Wells Fargo analyst Sarah…
Wells Fargo analyst Sarah Akers raised the firm's price target on Black Hills to $75 from $70 ahead of quarterly results. After recent updates for 2021 and 2022 guidance, the 5-year capital plan, and long-term 5%-7% EPS CAGR and 5% annual DPS growth targets, the analyst expects further commentary on Winter Storm Uri gas cost recovery mechanisms and timing, a reiteration that no incremental equity is needed to help cover those storm costs, an update on expected regulatory activity, and Q1 performance. Akers keeps an Overweight rating on the shares.
Air Products price target raised to $320 from $300 at Wells Fargo » 07:2904/0604/06/21
Wells Fargo analyst…
Wells Fargo analyst Michael Sison raised the firm's price target on Air Products to $320 from $300 and keeps an Overweight rating on the shares. The analyst sees a return to double digit EPS growth during the second half of 2021 and 2022 where JV project delays could spark strong growth. Longer term, APD should benefit from increased demand for carbon capture and hydrogen for mobility coupled with gasification projects in the backlog through mid-decade, says Sison.
|Over a week ago|
C3 AI call volume above normal and directionally bullish » 12:0504/0104/01/21
Bullish option flow…
Bullish option flow detected in C3 AI with 9,157 calls trading, 1.3x expected, and implied vol increasing over 1 point to 83.14%. Apr-21 80 calls and Apr-21 70 calls are the most active options, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 0.16. Earnings are expected on June 21st.