2/2 © Reuters. FILE PHOTO: Electricity pylons are seen during sunset in Gavrelle, near Arras, France 2/2 By Stephen Culp (NYSE:) NEW YORK (Reuters) – U.S. utility stocks have started to look like bargains after being considered expensive relative to the broader market for well over a year. Still, theRead More →
Utility companies reliant on coal-fired power plants may be starting to get a cold shoulder from corporate debt investors as the risks around rapid climate change come to the fore. If attitudes against coal energy shift in Washington D.C., the worry is electricity providers may suffer unanticipated write-downs if forcedRead More →
Bonds issued by embattled U.S. energy companies with sub-investment-grade ratings saw a major boost Monday after oil prices spiked following Saturday’s attack on Saudi Arabia’s oil production facilities. Energy company defaults have weighed down the U.S. high-yield bond market all year as companies have struggled to balance slower global growthRead More →
Bloom Energy Corp. stock on Tuesday traded at a third of its initial public offering price after the clean-tech company talked down its prospects for next year on concerns that clean-energy initiatives in key states would end up hurting it. The stock BE, -41.47% fell more than 40% to tradeRead More →
Tesla Inc. dropped to third place in U.S. residential solar installations and Sunrun Inc. gained market share and kept its lead, according to a report Wednesday by consultants at Wood Mackenzie. Tesla TSLA, +0.29% installed 6.3% of U.S. residential solar capacity in the first quarter of this year, Wood MackenzieRead More →
© Reuters. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York LONDON (Reuters) – The global head of infrastructure investing at BlackRock (NYSE:), the world’s biggest asset manager, said he would be “very wary” of investing in UK utilities given the rising threat of nationalizationRead More →
Water remains one of the cheapest resources on the planet. That means tapping into water’s uses and distribution is a good investment — if you know where to look. Water is “perhaps the resource we most take for granted, besides air itself,” said Peter Gleick, president emeritus of independent think-tankRead More →
