|Day's Range||9.65 - 9.65|
A delay in pipeline operation and sudden plans for $2.5 billion in stock sales to cover costs related to construction likely contributed to a fall in the price of Duke Energy's shares.
Passive investing in index funds can generate returns that roughly match the overall market. But if you pick the right...
Charts indicate that the utilities sector may be ready for a retracement. Trade these power providers that have formed topping patterns.
Shares of microcap FuelCell Energy Inc. rallied about 92% Wednesday, after the company said it’s expanding a partnership with Exxon Mobil Corp. on developing carbon capture technology.
German utility RWE on Wednesday announced a 30-year supply deal struck by its U.S. renewables division under which it will sell solar power produced at the 195.5 megawatt (MW) Broken Spoke solar facility in Georgia to utility Georgia Power. Power Purchase Agreements (PPAs), which act as an insurance policy for the operator against falling power prices while locking in a purchase price for consumers, have long been common in the United States, southern Europe and Nordic countries. The Broken Spoke plant will be coupled with a 40 MW 2-hour battery energy storage device and deliver to Georgia Power, the largest subsidiary of U.S. gas and electricity holding company Southern Company, from 2021, both firms said in a joint press release.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of NextEra Energy, Inc. New York, November 04, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of NextEra Energy, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Along with the Dow Jones and S&P; 500, normally slow-moving utilities are trading at record highs right now. And they could continue to shine.
Telephone and Data Systems (TDS) third-quarter 2019 results reflect decline in legacy voice revenues despite higher fiber investments and broadband penetration.
A lawsuit challenging the Georgia Public Service Commission's (PSC) decision to let Georgia Power Co. finish the long-delayed, over-budget Plant Vogtle nuclear expansion is about to get another airing.
Southern Company (SO) reported its third-quarter earnings today. Its EPS rose year-over-year from $1.34 to $1.14, beating analysts' estimate.
Southern Co. (SO) delivered earnings and revenue surprises of 17.54% and 2.03%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
ATLANTA , Oct. 30, 2019 /PRNewswire/ -- Southern Company today reported third-quarter 2019 earnings of $1.32 billion , or $1.26 per share, compared with $1.16 billion , or $1.14 per share, in the third ...
Rail equipment manufacturer and lessor GATX (NYSE: GATX) has filed a lawsuit against Georgia Power for returning allegedly damaged railcars. In a filing in the U.S. District Court for the Northern District of Georgia in Atlanta, GATX said Georgia Power violated its leasing agreement because the power company returned 160 railcars with signs of corrosion damage, but Georgia Power is refusing to pay for any damages. GATX said the damages will cost $5 million to repair.
An Atlanta wholesale energy provider said it purchased a 136-megawatt wind facility from a global renewable energy company.
The Zacks Analyst Blog Highlights: Kinross Gold, KB Home, The Southern Company and Verizon Communications
ATLANTA, Oct. 28, 2019 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the acquisition of its 12th wind project — the 136-megawatt (MW) Skookumchuck Wind Facility — from RES (Renewable Energy Systems). "This project is a great addition to our renewable portfolio," said Southern Power President Bill Grantham. The project, located in Lewis and Thurston Counties, Washington, is Southern Power's first wind facility in the state and contributes to the company's growing renewable fleet of clean generating assets from California to Maine.
Chicago-based railcar leasing giant GATX Corp. is suing Georgia Power Co. for allegedly refusing to pay for millions of dollars of damage to 160 railcars it was leasing. In a complaint filed Oct. 24 in federal court in Atlanta, GATX (NYSE: GATX) claims it will cost more than $5 million to repair corrosion it discovered after inspecting the cars previously leased by Georgia Power, a subsidairy of Southern Co. (NYSE: SO). GATX alleges Georgia Power "caused substantial corrosion damage that is not ordinary wear and tear." "GATX has notified Georgia Power of the inspection results, and the cost to repair, but Georgia Power has refused to honor its responsibility for such damage," GATX contends.
The Zacks Analyst Blog Highlights: Costco, Booking Holdings, PNC Financial, The Southern Company and General Dynamics
Southern Company (SO) added 23,000 residential electric and 14,000 residential gas customers in the first half of 2019, a trend that most likely continued in the third quarter.
Boston-based EnergySage says demand for solar installation in PG&E's service area more than doubled in the last few weeks amid the California wildfires. Vikram Aggarwal, Founder & CEO of EnergySage, joins Akiko Fujita on The Ticker to discuss.