Duke Energy's plans to retire an old coal plant and replace it with two new gas power plants. Goldfield makes the majority of their money on electric transmission work to new power plants.
Here is a quote from the article indicating there is a lot of future work for Goldfield to bid on: "North Carolina’s population is expected to increase by 2 million by 2030 to 12 million. To cope with the growth, the company is revamping its infrastructure with Power/Forward Carolinas, a 10-year, $13 billion investment plan in North Carolina to modernize the state’s electric grid."
Duke Energy shares future plans with the community
Community members were given an update Friday on Duke Energy’s plan for building a smarter energy future. Lisa Parrish, community relations manager
If you know how Goldfield makes it's money, you'll understand that electric transmission work provides their biggest contracts with the highest profit margins. When old coal plants are retired and replaced with new gas and solar plants, Goldfield prospers.
Here is an article about FPLs future Dania Beach power plant. This project could provide Goldfield with several years worth of transmission work.
Undervalued Goldfield Corp, Well Positioned For Continued Growth - ValueWalk
One of the cheapest stocks in our Acquirer’s Multiple, Small & Micro Cap – Stock Screener is Goldfield Corp (NYSEMKT:GV). With a market cap around $136 million, few investors have ever heard of this great little micro-cap. Goldfield Corporation (Gold
West Virginia to get $45 Billion Federal INFRASTRUCTURE funding....Sweeet
FPL Strengthens The Electric Grid Serving Boca As Part Of 2017 Reliability And Storm Preparedness Efforts - Boca Newspaper
Staff report Florida Power & Light Company (FPL) continues to upgrade its system in the Boca Raton area as part of its ongoing work to strengthen the power grid and improve service reliability. Company investments, which include strengthening power l
Day Traders have left the building. Goldfield has been perpetually undervalued. What will it take for Goldfield to become Overvalued? More Institutional. Goldfield has seen a big increase in Institutional Ownership which is now at 42.78%. if they can get it up 75-80% by next year, and a stock price above $6.50 by next May, Goldfield will enter the Russell 3000 Index which will bring a whole bunch of new Institutions buying the stock. 2018 should be the year because FPL and Duke Energy Carolina's are expected to significantly increase their spending which is great for Goldfield.
CRAZY storms heading straight for Jacksonville FL...Stay safe folks.
Washington, DC Weather and Radar Map - The Weather Channel | Weather.com
Interactive Washington, DCweather map allows you to pan and zoom to get unmatched weather details in your local neighbourhood or half a world away from The Weather Channel and Weather.com
In about three weeks Goldfield Corporation will hold it's first quarterly investor conference call. CEO John Sottile has been with Goldfield since June of 1971. That is 46 years! Why all of a sudden would Mr. Sottile start having conference calls? Maybe he has something good to say. Perhaps he is thinking of retiring in the near future and is ready to talk to the investment community to get the equity price to trade higher. My feeling is FPL and Duke Energy are increasing their spending which is good for Goldfield in 2018 and beyond.
Any see the headlines from Reuters..Buffett bets big on power with $9 billion Oncor deal
"Warren Buffett's Berkshire Hathaway Inc (BRKa.N) said on Friday it agreed to pay $9 billion to buy the parent of Texas power transmission company Oncor Electric Delivery Co, stepping up its pursuit of steady profits from utilities and infrastructure deals."
There is very little online chatter yet GV is heading higher. This indicates Institutional buying rather than the day traders that pushed the stock above $8 two months ago.
It's good to see that both sides of Congress agree that we need to modernize our energy infrastructure in order to protect our electric grids from cyber attacks. Goldfield will certainly benefit from more money flowing towards Electric Infrastructure.
Increased spending by FPL and Duke Energy will drive Goldfield's growth over the next several years. Duke Energy boasts "a robust five-year capital plan worth $37 billion in growth projects over the 2017-2021."
Duke Energy, Siemens Agree to Build Gas Combustion Turbine
Duke Energy Corporation (DUK) has entered into an agreement with Siemens to design and build a new advanced gas combustion turbine.
Major cyber attack just reported by CNBC. All the power grids in the US need to be upgraded to prevent major cyber attacks on the electric grids.
Zack boy. Where are you. In the Short morgue....
What happened to Greg Crutchfield, President PCA? He was just replaced after 6 months? Crutchfield replace an interim who was called back out of retirement for about 9 months after the last President of PCA was pushed out. What is going on?
I heard Goldfield attended the Stifel Industrials Conference last week. There is an updated Investor presentation (June 2017) on their website. It mentions Duke Energy and FPL. Here are two quotes from that Investor Presentation:
Duke Energy • Constructing two 280-megawatt combined-cycled natural gas units in Asheville, NC to replace one 376-megawatt coal plant to be retired in 2020 • Building a 1,640 megawatt combined-cycle natural gas plant in FL to replace two 1960s-era coal plants
Florida Power & Light • Strategically phasing out older, less efficient oil and coal-fired plants and replacing with advanced, fuel-efficient energy centers • Investing to increase use of zero- emissions solar power with plans to install significantly more solar panels every year through at least 2020
Investor Relations :: The Goldfield Corporation (GV)
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