Latest news with #solar
Yahoo
19 minutes ago
- Business
- Yahoo
Solar stocks, Eli Lilly & Verve, PureCycle: Trending Tickers
Enphase (ENPH), SolarEdge (SEDG), First Solar (FSLR), Sunrun (RUN), Plug Power (PLUG), and Array Technologies (ARRY) plunge after the Senate revealed its revisions to President Trump's tax bill, which included cuts to solar and wind energy tax credits. Eli Lilly (LLY) is set to acquire Verve Therapeutics (VERV), sending Verve's stock skyrocketing. PureCycle Technologies (PCT) stock surges on the company's plans to grow its plastic recycling capacity to 1 billion pounds by 2030. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Now time for some of today's trending tickers. We're watching solar stocks, Eli Lilly and Verve therapeutics, and PureCycle. Let's start with solar stocks. They are dropping again. This is after the Senate unveiled its revisions to Trump's tax bill. The adjusted copy of the bill ending solar and wind energy tax credits facing those incentives out four years earlier than originally intended from 2032 to 2028. This comes at a time when solar energy is seeing less demand, especially with California slashing credits for excess power. And what's interesting is, you know, there was also a pretty strict phase out in the house version of the bill, but there had been some hopes and intensive lobbying happening on the part of those in the industry that there would be more favorable conditions in this Senate version. Lo and behold, Josh, those favorable conditions are not to be found. Yeah. Now lawmakers could still make changes. I mean, the Senate's trying to, you know, pass and send this bill back to the house by by July 4th. We'll see what what happens. But reports do note the odds appear to be fading that lawmakers intend to make changes to preserve credits for residential solar companies. I do see Guggenheim analysts cited saying hoping for a fix continues to be naive, they said. Uh the Senate bill though would rescue a tax credit for nuclear power. So that's news. Yes. At least for now. It gets a later phase out. I mean, we're looking at Plug Power on there as well, hydrogen producer. And the Senate version of the bill gets rid of an incentive that provides um that provides for hydrogen production specifically. I mean, the concern with many of these companies, Plug Power included, is that they will not be able to continue, perhaps even as a going concern, might not be able to continue in business um for some of these companies if they don't have these incentives. Plug Power has come out with some um there has been some talk about Plug Power in that category, but certainly it's going to be a big hit to these companies if it goes through. Also we're expecting a run down 40% there. Uh we are also watching Verve Therapeutics shares. They're soaring after the announcement that Eli Lilly will be buying that gene editing company for up to $1.3 billion. So that was the news. Lily making moves, Bloomberg reminding us, they've been on the hunt. In January, they agreed to pay as much as $2.5 billion for a cancer drug being tested by Scorpion therapeutics. In May, they announced the plan to buy Site One therapeutics for as much as $1 billion. Lily had been collaborating with Verve on its experimental gene editing program for reducing lipoprotein A with this now, of course, Lily would have full control. Yeah. And a couple things to mention here. Why is Lily being so acquisitive? I mean, they got Zepbound, which is a blockbuster. Well, like any big drug company, eventually it's going to lose patent protection for in the case of Zepbound, doesn't happen for a decade. But they're trying to look ahead at these experimental therapies. Secondly, as you mentioned, the specific product that Verve is working on is a cholesterol drug effectively, you know, aiming at improving cardiac health by targeting cholesterol. Um our friend Evan Seegerman over at BMO said that there's already a lot of cholesterol treatments out there. So he was more skeptical about the deal, but other analysts say that this does fit well into the Lily portfolio. So there's a little bit of debate here about whether it's a good deal for Lily, but the shares are down a little bit today. All right. We should get Evan on explaining that thesis. We should. Finally, PureCycle Technologies is reporting that it plans to grow its plastic recycling capacity to 8 billion pounds before 2030. The company designing new solutions to recycling plastics also announcing its executed binding agreements for a $300 million capital raise. The company's projecting Eda of $600 million by that 2030 deadline. This has been an interesting stock. Yeah. Uh it despacked back in 2021. Um and it's also more than doubled over this past year, although it's down from the highs where it was. The cycling tech, surely. Yes, exactly. Yeah. The CEO saying time for growth is now, apparently noting production progress, the Ironton facility, talked about momentum in commercialization efforts, confidence in financing efforts. A couple other things to mention about this one. Uh when it did first despack and it spiked, after that it was accused by investors of misleading them about its technology. The CEO ended up being subpoenad by the SEC in 2021. It was there was a lot of short interest at the time, and I just checked, 30% of the flow of this company is still shorted. So there still appears to be a lot of. And not a ton of coverage on the street. Three buys, two sells. There you go.
Yahoo
6 hours ago
- Business
- Yahoo
Enphase's New Battery Storage Penetrates Major European Countries
Enphase Energy, Inc. ENPH launched its most powerful home battery solution, IQ Battery 5P with FlexPhase, in the solar markets of Spain, Portugal, France, Sweden, Denmark, Belgium and the Netherlands. This energy system has a storage capacity of 5 kilowatt-hours (kWh) and can be configured up to 70 kWh. The IQ Battery 5P with FlexPhase is an all-in-one alternate current-coupled system that provides consistent backup power, supports single-phase and three-phase applications, and is covered by a 15-year combined with the IQ System Controller 3 INT, it may discharge up to twice the maximum continuous power for three seconds, allowing high-power devices to operate during a grid malfunction. It may provide each homeowner with consistent energy, such as backup power or grid support, whenever they desire latest launch will assist Enphase in reaching out to more solar households and installers in Spain, Portugal, France, Sweden, Denmark, Belgium and the Netherlands, all of which are increasingly adopting solar energy and striving to become more grid-independent. This should result in more customers choosing ENPH's battery solutions, boosting its future revenues. The rapidly increasing adoption of clean energy is providing a competitive edge to the energy storage market. Nations are expanding their battery energy storage capacity to boost their clean energy a Solar Power Europe report published in May 2025, battery energy storage system capacity is predicted to expand by 50%, exceeding the 90 gigawatt-hour (GWh) barrier in 2025. Moving ahead, it shows a 45% CAGR, bringing the total installed capacity to about 400 GWh by the end of 2029. Given such a solid outlook, Enphase Energy will surely benefit from its expanding presence in 2025, the company expanded its foothold in the European energy storage industry by introducing its IQ Battery 5P with FlexPhase in Poland, Luxembourg, Germany, Austria and Switzerland. Other prominent solar players, such as Emeren Group Ltd SOL, SolarEdge Technologies SEDG and Canadian Solar Inc. CSIQ, are expanding their footprints to reap the benefits of the expanding clean energy market across has a presence in Europe since 2012. As of March 31, 2025, Emeren had 4,516 megawatts of solar projects in the pipeline under advanced-stage and early-stage development in Zacks Consensus Estimate for the company's 2025 earnings per share (EPS) indicates a surge of 116.7%.In April 2025, SolarEdge launched its ONE Controller for the German residential solar market, which will allow German residential installers to commission solar and storage systems that can interact with the home's Smart Meter Zacks Consensus Estimate for SEDG's 2025 sales calls for an improvement of 18.2%. The Zacks Consensus Estimate for its 2025 EPS is pegged at a loss of $3.26, which implies a significant improvement from the year-ago reported loss of $ May 2025, Canadian Solar revealed that its e-STORAGE subsidiary will officially launch its SolBank 3.0 Plus battery energy storage product at Intersolar Europe, which can significantly reduce customers' operational costs by boosting overall lifetime energy throughput by more than 13%.The Zacks Consensus Estimate for CSIQ's 2025 sales implies an improvement of 4.3%. In the past month, shares of Enphase Energy have declined 28.4% compared with the industry's fall of 12.9%. Image Source: Zacks Investment Research The company currently carries a Zacks Rank #5 (Strong Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Emeren Group Ltd. Sponsored ADR (SOL) : Free Stock Analysis Report Canadian Solar Inc. (CSIQ) : Free Stock Analysis Report Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report SolarEdge Technologies, Inc. (SEDG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
13 hours ago
- Science
- Wall Street Journal
The Sun's Fiery South Pole Is Revealed for the First Time
For the first time ever, a spacecraft has snapped images of the sun's south pole. These swirling gold-and-black views of the fiery ball of gas are key to understanding the solar magnetic storms that can block communications on Earth, create vivid displays of northern lights and threaten astronauts with radiation exposure.
CBC
15 hours ago
- Business
- CBC
In rural Alaska, a village turns to solar and biomass energies to cut diesel and save money
Eric Huntington built his dream cabin nestled in the wilderness of central Alaska, eventually raising two daughters there. But over the years, he learned that living in this quiet, remote village came with a hefty cost. Every year, the Huntington family spent about $7,000 on diesel to heat the cabin during bone-chilling winters, and a few years back, a power outage at the town's diesel plant left residents freezing in –45 C. When power finally returned hours later, water pipes had frozen, leaving about two dozen homes without running water for days. "We just didn't open our door all morning until the lights came back on," said Huntington, a member of the local Louden Tribe. In Galena, a sprawling village of 400 people on the banks of the Yukon River, a community built around a former military base is shifting to clean energy in an effort to reduce its reliance on expensive, imported diesel. Local leaders say their nearly completed solar farm, along with an existing biomass plant, will boost the town's savings and protect residents from blackouts during extreme weather. The technology has the potential to provide clean backup power in emergencies and improve the power grid's resiliency, all while diversifying the village's energy sources and providing job opportunities for locals. The projects come at a precarious time for renewable energy transition in the United States. The Trump administration has canceled billions of dollars of clean energy grants in an effort to bolster fossil fuel production, and billions more in investments have been scrapped or delayed this year. So far, the village's federal grants for the solar array haven't been impacted, but local leaders know the risk remains. Whatever the future of public funding, the village is an example of how renewable energies can save costs, boost reliability during extreme weather and create jobs. Once online, the solar array will ensure that the village's power grid has a backup system, said Tim Kalke, general manager of Sustainable Energy for Galena Alaska — or SEGA — a nonprofit that will operate it. So when the power goes out, it doesn't result in tens of thousands of dollars in repairs, he added, and heat is guaranteed in times of extreme cold. "You're dealing with life, health and safety," he said. A biomass project keeps a bustling school heated In May, dozens of high school students in navy blue caps and gowns stood with nervous excitement in a locker-brimmed hallway, each waiting their turn to walk through yellow tinsel into a packed auditorium. It was graduation day for Galena Interior Learning Academy. The school's vocational training courses and cultural offerings attract some 200 students annually from across Alaska, boosting the village's population and energy needs. Students here can take classes on sustainable energy, aviation, carpentry and much more. But in order to keep it running — especially during long, cold winters — it needs heat. That's where the biomass project comes in. Every winter since 2016, trees (mostly paper birch) are locally harvested and shredded into wood chips that fuel a large boiler plant on campus, offsetting about 380,000 litres of diesel annually for the school district and the city, said Brad Scotton, a Galena City Council member who also serves on SEGA's board. It's notable as one of the state's first large-scale biomass plants and is the most rural, he added. Cost savings from using biomass has allowed the Galena City School District to hire certified professionals in trade jobs and do upkeep on campus facilities, said district superintendent Jason R. Johnson in an email. It's also created a local workforce and a job base the village never used to have. "It's keeping the money that used to go outside within the community and providing pretty meaningful jobs for people," Scotton said. A new solar farm to offset more diesel use In rural areas of Alaska, the costs for many goods can be high, as they must be brought in. Galena burns just under 1.5 million litres of diesel annually to produce electricity, and an energy price hike around 2008 helped the village realize something needed to change. Scotton remembered when a gallon of diesel was $1.64 and then skyrocketed to $4.58 another year. At that wholesale price, the city was paying more than $1.8 million to keep the lights on. "It was really quite a shock to everybody's system in terms of trying to operate with those elevated costs," said Scotton. "So that really got the community assessing whether or not we could continue business as usual with that reliance." That's when they started looking for grants to build a solar array. On an overcast May day, on a field flanked by boreal forests, workers in reflective safety vests slotted rectangular panels on a metal grid. They were working on the nearly-completed, 1.5 megawatt solar farm that will connect to a battery system. Once in use, the community will be able to turn off its diesel engines and run on 100 per cent clean, renewable energy on sunny summer days, and any excess power will be battery stored for nights, emergencies or heating the local indoor pool. The solar array will allow them to shut off the diesel operation between 800 to 1,000 hours a year, totaling about 380,000 litres. The solar farm won't necessarily lower people's electricity bills. But like the biomass plant, the hope is that it will stabilize energy costs, allowing those savings to go back into the community, all while providing work opportunities for residents like Aaren Sommer. Last year, the 19-year old graduated from the academy, where he learned about solar energy. Now he's helping to install the solar array. "That's going to reduce the diesel usage a whole bunch over at the power plant, which is going to help us out," he said. Tribe members save with energy-efficient homes In addition to the solar farm and biomass project, the Louden Tribe is building new energy-efficient homes that will help members be less reliant on diesel. Some of the siding used in the homes comes from wood harvested in the area. In November, the Huntington family moved into a new, stilted house with a solar-compatible roof, 33-centimetre walls and 46 centimetres of insulation to keep the cold at bay. When they lived in the cabin, the $7,000 a year Huntington spent on diesel was a good chunk of his annual income. The new home's energy-efficient features are already saving them money. The 1,130-litre diesel tank Huntington filled before moving cost him about $2,400. Six months later, he still has unused fuel in the tank. The Huntingtons are one of eight families the tribe has moved into sustainable homes, and they plan to turn over the keys to three more this year. Kalke, SEGA's general manager, is often asked what Galena produces. He used to just say education. "But since 2016 you can say education and wood chips. And soon, solar energy," he said.
Associated Press
15 hours ago
- Business
- Associated Press
Antaisolar Signs Over 2GW in Global Partnerships and Unveils Smart Tracker AT-Spark at SNEC 2025
XIAMEN, China, June 19, 2025 /CNW/ -- From June 11–13, the 18th SNEC PV Power Expo was held in Shanghai, attracting global attention. Antaisolar showcased its flagship smart tracking system, AT-Spark, along with a full range of solar mounting solutions for both rooftop and ground-mounted projects. During the event, the company signed agreements totaling over 2GW with global partners, demonstrating its strong development potential. Signning over 2GW Agreements with Global Partners Between June 11 and 12, Antaisolar signed agreements with partners including RAYSTECH GROUP PTY LTD, Shandong Industrial Equipment Installation Group, SPV CO., LTD, CLEAN KINETICS PTE., LTD, and OSW. These agreements span Europe, Australia, Central America, Southeast Asia, South Korea, and China, covering strategic partnerships, project deals, and distribution cooperation. By the end of 2024, Antaisolar had achieved 41.7GW of shipments globally and established offices in 21 countries and regions, actively expanding its global ecosystem to provide local supports for global projects. Global Debut! AT-Spark Smart Tracking System Officially Launched On June 11, Antaisolar launched its latest smart tracking system AT-Spark. Introduced by R&D Director Mr. Yang Shuibu, AT-Spark features a self-developed octagonal torque tube for enhanced wind resistance with lightweight structure. Its patented dual-spherical bearing allows slope self-alignment and simplifies installation. AT-Spark is powered by SmartTrail, Antaisolar's smart tracking control system, offering four modes of extreme weather protection. Utilizing intelligent algorithms, AT-Spark maximizes energy output and reduces the Levelized Cost of Electricity (LCOE), making it ideal for utility-scale PV projects. This launch reflects Antaisolar's innovation-driven strategy. The company operates four R&D centers in Spain, Shanghai, Xiamen, and Zhangzhou, with over 120 professional engineers. According to Wood Mackenzie's 2025 Global Solar PV Tracker Market Share Report, Antaisolar ranked 9th globally in tracker shipments in 2024 and Top 6 in key markets including Latin America, Asia-Pacific, and China. As SNEC 2025 concludes, Antaisolar remains committed to global collaboration and driving innovation in the solar industry. Guided by its mission to 'RAISE A GREEN WORLD,' the company continues to promote the digital and intelligent transformation of the PV sector. About Antaisolar Antaisolar, expert in digital intelligent PV mounting system solutions, is a pioneer in renewable energy solutions specializing in structure and automation control. It ranks among the top 500 global new energy companies and is one of the top ten tracking system brands worldwide. View original content: SOURCE Antaisolar
