Category

Utilities Sector

Daily Brief Utilities: B Grimm Power and more

By | Daily Briefs, Utilities Sector

In today’s briefing:

  • B.grimm Power – BGRIM-Digital Edge Joint Venture for 96MW Data Center


B.grimm Power – BGRIM-Digital Edge Joint Venture for 96MW Data Center

By Waraporn Wiboonkanarak

  • BGRIM has announced a partnership with Digital Edge (Singapore) to jointly develop a 96MW data center project, with a medium-term target of 300MW by 2030E.
  • This is expected to generate positive sentiment for the share price, as the project offers stable revenue and attractive returns (with an estimated equity IRR of around 12-13%).
  • It is also expected to serve as a profit buffer in the medium term, with a full-MW and full-year profit contribution anticipated by 2029E, representing upside risk of around 10-14%. 

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Daily Brief Utilities: Oge Energy Corp, Brookfield Renewable , Cms Energy Corp, DTE Energy Company, Entergy Corp, Eversource Energy, New Jersey Resources, Nextera Energy, One Gas Inc, Ormat Technologies and more

By | Daily Briefs, Utilities Sector

In today’s briefing:

  • Is OGE Energy Powering America’s Next Boomtowns with Unstoppable Customer Growth?
  • Brookfield Renewable Partners: Will its Hydroelectric Recontracting Strategy Yield Fruitful Results?
  • CMS Energy: The Top 6 Influences on Its Performance for 2025 & the Future!
  • DTE Energy: Expansion of Infrastructure Recovery Mechanism (IRM) to Ensure Sustainable & Reliable Energy Supply For Customers!
  • Entergy Corporation: An Insight Into Its Industrial & Residential Sales Growth & Major Drivers!
  • Eversource Energy: Regulatory Approvals & Infrastructure Investments to Impact Stock Performance Positively In the Long Run!
  • New Jersey Resources: Will Its Strategic Investments in Infrastructure Yield Results?
  • NextEra Energy Unleashes a 28-Gigawatt Renewable Surge—Here’s What That Means for the Future!
  • Can ONE Gas’s $178 Million Infrastructure Push Spark a Major Growth Surge?
  • Ormat Technologies Just Secured 150 MW in Israel—Here’s What That Means for the Future of Clean Energy!


Is OGE Energy Powering America’s Next Boomtowns with Unstoppable Customer Growth?

By Baptista Research

  • OGE Energy Corp reported consolidated first-quarter earnings of $0.31 per diluted share, driven predominantly by Oklahoma Gas and Electric Company (OG&E), which contributed $0.35 per share.
  • A loss of $0.04 per share from the holding company slightly offset this performance.
  • The top-line performance was supported by strong operational metrics and increased demand for electric services, reporting an 8% increase in demand year-over year in key residential and commercial sectors.

Brookfield Renewable Partners: Will its Hydroelectric Recontracting Strategy Yield Fruitful Results?

By Baptista Research

  • Brookfield Renewable Partners has reported resilient performance amidst the evolving energy landscape during its first quarter of 2025.
  • The company remains strategically positioned to capitalize on the burgeoning demand for renewable energy, bolstered by its diversified asset portfolio and robust global presence.
  • A significant upside noted in the report is Brookfield Renewable’s ability to deliver solid financial performance, with adjusted funds from operations (FFO) per unit increasing by 15% year-over-year, despite a challenging operational environment due to tariffs on renewable energy goods and fluctuations within the global supply chain.

CMS Energy: The Top 6 Influences on Its Performance for 2025 & the Future!

By Baptista Research

  • CMS Energy’s first-quarter 2025 earnings highlighted the company’s operational resilience and strategic focus amidst broader economic uncertainties.
  • CMS Energy delivered adjusted earnings of $1.02 per share, reflecting favorable comparisons to the previous year’s mild weather and higher rate relief net of investments.
  • However, operational and maintenance (O&M) expenses rose due to continued execution of its electric reliability roadmap, contributing to a higher cost structure.

DTE Energy: Expansion of Infrastructure Recovery Mechanism (IRM) to Ensure Sustainable & Reliable Energy Supply For Customers!

By Baptista Research

  • DTE Energy recently announced its first-quarter results for 2025, beginning on a positive note.
  • The company highlighted significant improvements in its operational metrics within its utilities, substantial investments in renewable energy, and progress in reliability.
  • DTE Energy has started the year strongly, with a clear commitment to its diverse stakeholder group while emphasizing infrastructure enhancements and economic contributions to Michigan’s economy.

Entergy Corporation: An Insight Into Its Industrial & Residential Sales Growth & Major Drivers!

By Baptista Research

  • Entergy Corporation reported its financial results for the first quarter, with adjusted earnings per share (EPS) of $0.82, indicating a solid start to the year and alignment with its 2025 earnings guidance.
  • The company maintains its outlook for more than an 8% compound annual growth rate in adjusted EPS through the forecast period.
  • Entergy continues its efforts to create value for its stakeholders, including customers, employees, communities, and owners, with an emphasis on customer-driven growth.

Eversource Energy: Regulatory Approvals & Infrastructure Investments to Impact Stock Performance Positively In the Long Run!

By Baptista Research

  • Eversource Energy’s first quarter of 2025 financial results and strategic initiatives reflect a stable performance within the regulated utility sector.
  • The company reported earnings per share of $1.50, slightly up from $1.49 in the previous year, despite some offsetting factors such as increased interest expenses and the absence of capitalized interest from their former offshore wind investments.
  • This increase in utility earnings primarily stemmed from growth in Eversource’s electric transmission and distribution segments, supported by ongoing grid modernization efforts and rate adjustments.

New Jersey Resources: Will Its Strategic Investments in Infrastructure Yield Results?

By Baptista Research

  • New Jersey Resources (NJR) demonstrated strong financial performance during the second quarter of fiscal year 2025, underscoring its strategic focus on disciplined capital deployment and operational excellence.
  • NJR raised its guidance for net financial earnings per share (NFEPS) from a range of $3.05 to $3.20 to $3.15 to $3.30, supported by robust performance in its wholesale gas marketing segment, NJR Energy Services, which capitalized on winter pricing volatility.
  • This adjustment represents a positive indication of NJR’s ability to exceed its long-term NFEPS growth target of 7% to 9%.

NextEra Energy Unleashes a 28-Gigawatt Renewable Surge—Here’s What That Means for the Future!

By Baptista Research

  • NextEra Energy, Inc. reported solid financial performance in the first quarter of 2025, with significant contributions from both Florida Power & Light Company (FPL) and NextEra Energy Resources.
  • The company’s adjusted earnings per share saw a year-over-year increase of nearly 9%, indicating robust operational efficiency and growth in new projects.
  • Notably, Energy Resources originated about 3.2 gigawatts of new renewables and storage, reflecting a strong demand in the sector.

Can ONE Gas’s $178 Million Infrastructure Push Spark a Major Growth Surge?

By Baptista Research

  • ONE Gas reported robust financial results for the first quarter of 2025, with a net income of $119 million or $1.98 per diluted share.
  • This outcome marked a notable improvement from $99.3 million or $1.75 per diluted share during the same period last year, bolstered by a combination of new rates and strong customer demand due to colder-than-normal weather conditions.
  • The company also highlighted that first-quarter weather was 5% colder than normal, further boosting customer demand for natural gas.

Ormat Technologies Just Secured 150 MW in Israel—Here’s What That Means for the Future of Clean Energy!

By Baptista Research

  • Ormat Technologies reported a mixed set of results for the first quarter of 2025, reflecting both positive momentum and certain challenges within its operational segments.
  • The company recorded a 2.5% increase in revenue to $229.8 million, bolstered by strong performances in its Energy Storage and Products segments.
  • Adjusted EBITDA rose by 6.4%, reaching a historical quarterly record for the company, driven largely by favorable outcomes in energy storage due to heightened demand and strategic market exposure.

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Daily Brief Utilities: Naturgy Energy Group SA and more

By | Daily Briefs, Utilities Sector

In today’s briefing:

  • Current Active Quick Pitches: Mergers, Liquidations, Tender Offers, and More


Current Active Quick Pitches: Mergers, Liquidations, Tender Offers, and More

By Special Situation Investments

  • Naturgy Energy Group plans to repurchase 9% of shares at €26.5/share, with an odd-lot priority rule.
  • Assura is involved in a potential bidding war with two credible bidders, offering free optionality on further bids.
  • VH Global Energy Infrastructure announced a 3-year asset realization plan, trading at a 35% discount to NAV.

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Daily Brief Utilities: Naturgy Energy Group SA and more

By | Daily Briefs, Utilities Sector

In today’s briefing:

  • Naturgy’s Share Repurchase: Potential €200+ Gain with Spanish Odd-Lot Tender Offer Priority Rule


Naturgy’s Share Repurchase: Potential €200+ Gain with Spanish Odd-Lot Tender Offer Priority Rule

By Special Situation Investments

  • Naturgy’s tender offer allows repurchase of 9% shares at €26.5/share, with a priority for small accounts.
  • Spanish regulators approved the tender; odd-lot priority rule may set threshold around 400 shares for priority.
  • Linear distribution allocates 25% of shares equally; excess distributed proportionally, affecting shareholder participation outcomes.

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Daily Brief Utilities: Naturgy Energy Group SA, Nrg Energy Inc and more

By | Daily Briefs, Utilities Sector

In today’s briefing:

  • Naturgy Self-Tender: Arbitrage with Strategic Upside and Free-Float Catalyst
  • NRG Energy: Is Its Strategic Expansion in Smart Home & Energy Retail A Potential Game Changer?


Naturgy Self-Tender: Arbitrage with Strategic Upside and Free-Float Catalyst

By Jesus Rodriguez Aguilar

  • Shareholder-Backed self-OPA at €26.50 targets 9.08% of capital with high proration likely.
  • Offers a structured arbitrage setup with limited downside and defined exit timeline.
  • Post-Deal float expansion to >21% boosts liquidity, index prospects, and dividend appeal.

NRG Energy: Is Its Strategic Expansion in Smart Home & Energy Retail A Potential Game Changer?

By Baptista Research

  • NRG Energy, Inc.’s first quarter results for 2025 outlined several strategic and financial developments.
  • Most notably, NRG announced a significant acquisition of assets from LS Power, including 13 gigawatts of natural gas generation and a 6-gigawatt commercial and industrial virtual power plant platform.
  • This move is aimed at expanding NRG’s generation capacity, enhancing their competitive stance, and positioning the company to better capitalize on demand growth in U.S. power markets.

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Daily Brief Utilities: Adani Green Energy, Nisource Inc and more

By | Daily Briefs, Utilities Sector

In today’s briefing:

  • Lucror Analytics – Morning Views Asia
  • NiSource: Regulatory Flexibility & Load Management to Enhance Customer Service Flexibility & Speed To Market!


Lucror Analytics – Morning Views Asia

By Tanvi Arora

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: Adani Green Energy
  • Treasury yields ended slightly higher yesterday, as a larger increase earlier in the day was pared following a robust auction for 5Y notes. The yield on the 2Y UST rose 1 bp to 3.99%, while the yield on the 10Y UST was up 3 bps at 4.48%.
  • Equities retreated, following news that the Trump administration is moving to restrict the sale of chip design software to China. The S&P 500 and Nasdaq Composite fell 0.6% and 0.5%, respectively, to 5,889 and 19,101.

NiSource: Regulatory Flexibility & Load Management to Enhance Customer Service Flexibility & Speed To Market!

By Baptista Research

  • The first quarter 2025 earnings for NiSource Inc. provided an insight into the company’s performance, strategic plans, and future outlook.
  • NiSource reported adjusted earnings per share (EPS) of $0.98, a 15% increase from the $0.85 in the same period last year, signaling robust growth driven by regulated revenue growth and recovering capital investments.
  • The company reaffirmed its full-year 2025 adjusted EPS guidance of $1.85 to $1.89, maintaining a growth projection of 6-8% annually through 2029.

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Daily Brief Utilities: Guangdong Investment and more

By | Daily Briefs, Utilities Sector

In today’s briefing:

  • Guangdong Investment (270): Stable Diversifier and USD 1.3 Bn FCF


Guangdong Investment (270): Stable Diversifier and USD 1.3 Bn FCF

By Henry Soediarko

  • Guangdong Investment (270 HK) exposure in water distribution provides the much-needed stability (low volatility). While its Real Estate exposure could provide some growth.
  • With low valuation and healthy dividend yield, owning GDI during the tumultuous period will provide healthy diversification for your portfolio and a hedge during Trump’ tariff period.
  • The water sector is undervalued, mainly due to the characteristically low growth, but free cash flow is generally quite strong yet undervalued. GDI generated USD 1.3 bn Free cash flow.

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Daily Brief Utilities: Idacorp Inc, Pinnacle West Capital and more

By | Daily Briefs, Utilities Sector

In today’s briefing:

  • IdaCorp Launches Mega Transmission Projects—Is This the Future of Western Energy?
  • Pinnacle West Capital: Strategic Transmission & Generation Expansion To Up Their Game!


IdaCorp Launches Mega Transmission Projects—Is This the Future of Western Energy?

By Baptista Research

  • IDACORP, Inc.’s first-quarter 2025 earnings results reveal a mixed picture of operations reflecting both strengths and areas that require attention.
  • The company reported an increase in diluted earnings per share, reaching $1.10 compared to $0.95 in the previous year’s first quarter.
  • This increase was driven by higher retail revenues from Idaho Power’s rate base increase, customer growth, and the amortization of tax credits.

Pinnacle West Capital: Strategic Transmission & Generation Expansion To Up Their Game!

By Baptista Research

  • Pinnacle West Capital Corporation recently reported its first quarter 2025 financial results, showcasing a mix of strategic growth initiatives amidst challenges linked to historical investments.
  • The company, operating largely through its subsidiary Arizona Public Service (APS), has shown a clear path toward addressing regulatory lag and future growth, albeit grappling with short-term financial headwinds.
  • Firstly, the positive aspects: Pinnacle West’s ongoing commitment to the growth of Arizona’s economy is evident, driven by robust industrial investments and a strong influx of high-load factor customers such as Taiwan Semiconductor Manufacturing Company (TSMC).

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Daily Brief Utilities: Exelon Corp and more

By | Daily Briefs, Utilities Sector

In today’s briefing:

  • Exelon Corporation: 6 Major Game-Changers Impacting Its 2025 Performance & Beyond!


Exelon Corporation: 6 Major Game-Changers Impacting Its 2025 Performance & Beyond!

By Baptista Research

  • Exelon Corporation reported a decent result with strong operating earnings of $0.92 per share, a significant increase from $0.68 in the same quarter of the previous year, driven by higher distribution and transmission rates as well as favorable weather conditions.
  • This performance is in line with Exelon’s 2025 guidance, underpinned by its robust investment strategy and operational prowess.
  • On the positive side, Exelon demonstrated efficient regulatory navigation, with improvements in Maryland’s legislative framework offering new opportunities for growth, particularly in battery storage and distribution upgrades.

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Daily Brief Utilities: JSW Energy Ltd and more

By | Daily Briefs, Utilities Sector

In today’s briefing:

  • JSW Energy Q4 FY25 & FY25 Update: Powering Ahead with Landmark Capacity Expansion


JSW Energy Q4 FY25 & FY25 Update: Powering Ahead with Landmark Capacity Expansion

By Sudarshan Bhandari

  • FY25 was a landmark year for JSW Energy Ltd (JSW IN), crossing 10 GW operational capacity, driven by record wind additions and strategic acquisitions of KSK Mahanadi and O2 Power.
  • The aggressive inorganic and organic expansion, coupled with a strong focus on energy storage, positions JSW Energy as a diversified player in India’s evolving power landscape, balancing baseload and renewables.  
  • The disciplined capital allocation, robust project pipeline, and strong execution capabilities, despite high leverage, reinforce confidence in achieving the ambitious ’30 by 30′ target and long-term value creation.

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