Tag Archives: Energy

This story originally appeared on Zacks For Immediate Release Chicago, IL – September 30, 2021 – Stocks in this week’s article are Red Robin Gourmet Burgers, Inc. RRGB, Yandex N.V. YNDX, Hexcel Corporation HXL and Enphase Energy, Inc. ENPH. – Zacks Here’s Why You Should Cut Ties with These 4 Toxic Stocks Proper identification of rightly-priced stocks is the key to successful investing. In reality, overpriced toxic stocks… Source link

(Bloomberg) — The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive. “There are things that are interfering with market signals right now that we haven’t seen before. Eventually things work out, but eventually can be a long time,” Chief Executive Officer Mike Wirth said Wednesday in an interview at Bloomberg News headquarters in New York. He expects strong prices… Source link

(Bloomberg) — The sobering United Nations-backed report on global warming last week prompted a lot of hand wringing from governments and the general public about fossil fuels. The response from investors in the oil and gas industry? A big shrug. Shares of energy companies, which led the S&P 500 higher for much of the year, ended the week little changed. Oil prices rebounded from a selloff earlier in the month, despite the warnings that the world must wean itself off fossil fuels, and… Source link

Form Energy’s recent announcement about its new iron-air battery could be a major leap forward in the transition to renewable electricity.  “We set out about four years ago to develop the kind of battery that it would take to enable a fully renewable and reliable electric grid,” Mateo Jaramillo, CEO and co-founder of Form Energy and former head of battery development at Tesla, said on Yahoo Finance Live (video above). “A few years later, a lot of hard work, some fantastic breaks going… Source link

Ohio has launched itself headlong into reducing Bitcoin’s carbon footprint after signing a five-year deal with Bitcoin mining company Standard Power to provide a nuclear-powered mining centre. The operation will be live from December 2021 and will produce so-called ‘green Bitcoins’. Ohio has successfully bid to host the state-of-the-art facility in Coshocton in an effort to boost the number of tech jobs in the region. Energy Harbor Corp is an independent power producer, fully integrated… Source link

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Russian search platform Yandex has signed up for wind power at its Mäntsälä data center in Finland. The company has signed a five-year power purchase agreement (PPA) with Finland’s Ilmatar Energy for energy from wind farms. From January 1, 2022, it will provide enough energy to power the Mäntsälä data center. The agreement is the headline news from the company’s first Sustainability Report, published this week. … Source link

New legislation that would grant tax credits to accelerate solar energy manufacturing in the U.S. aims to make America competitive with China, in an industry China dominates globally. Georgia Senator Jon Ossoff (D), the bill’s sponsor, said it could also create up to 60,000 new jobs in the next decade. In an interview with Yahoo Finance Live, Ossoff framed the race to manufacture clean energy domestically as a ‘national security imperative’ and a ‘major’ job creation… Source link

Online traders have found new targets during this week’s “meme stock” resurgence.  Geo Group (GEO), a company that owns and manages private prisons, saw shares soar by as much as 73% intraday on Wednesday for the stock’s biggest one-day gain on record. Shares pared some advances after reaching as high as $11.00 apiece and closed 38% higher, or at $8.80 per share.  Natural gas service provider Clean Energy Fuels Corp. (CLNE), likewise, rose as much as 46% on Wednesday before ending the day up… Source link

SoftBank Corp. subsidiary SB Power Corp. is to provide renewable energy to Yahoo Japan’s Shirakawa data center. Yahoo Japan said 95 percent of the electricity the company consumes in its business operations is through its data centers, and the company pledged in January to shift to 100 percent renewable energy by fiscal 2023. The electricity for the Shirakawa Data Centre… Source link