Enphase Energy misses quarterly profit estimates, forecasts weak Q2 revenue
Enphase Energy, a solar inverter manufacturer, missed analyst expectations for the first-quarter profit due to a softening of demand in the United States. It also forecast revenue for the second-quarter below market expectations. Shares dropped 12.5% in after market trading.
US proposed looser interpretation of the law protecting threatened species
The Trump administration proposed on Wednesday a major shift in how threatened species are taken into account when agency actions are made. This was done by removing the regulatory language which aims to prevent habitat degradation.
Maxeon Solar will establish alternative supply chains in the face of tariff turmoil
Maxeon Solar Technologies, a renewable energy company, announced on Friday that it would create alternative supply and manufacturing chains in response to the tariffs levied by U.S. president Donald Trump. After the bell, shares of the company rose 4.6%.
Israeli Firm Gets Final Permit for US Wave Energy Demo
Eco Wave Power, an onshore wave energy technology company, has received a final permit for the construction and demonstration of its wave energy technology in San Pedro, California.The Revocable Permit 25-05 by the Port of Los…
Sources say that the White House is considering an executive order to speed up deep-sea mines.
Two sources who are directly involved in the White House's deliberations say that they are considering an executive order which would expedite permits for deep sea mining in international waters. This would allow mining companies to bypass a United Nations review process.
Sempra sells Mexico energy assets and stake in infrastructure unit
Sempra, a utility firm, said it would sell energy infrastructure assets and a minority interest in Sempra Infrastructure in Mexico to fund its $56 billion five-year capital expenditure plan. In February, the company forecasted…
US considers cutting funding to four of seven hydrogen hubs
According to a source familiar with the issue, the U.S. Department of Energy has considered cutting funding to four of seven hubs for hydrogen that were chosen under a $7-billion federal program. The hubs are part of the effort by former President Joe Biden to decarbonize U.S.
Partners Group buys California energy assets worth $2.2 billion
The companies announced on Tuesday that Swiss private equity firm Partners Group would purchase an energy asset-management platform in California and certain gas-fired electricity plants from U.S. based Avenue Capital Group, for $2.2 billion. The U.S.
US Supreme Court dismisses state climate lawsuits against oil companies
The U.S. Supreme Court on Monday rejected a bid from 19 Republican-led state led by Alabama, to stop five Democratic-led state from pursuing lawsuits against major oil companies for deceiving public about the role that fossil fuels played in climate change.
Trump's tariffs against Canada could increase US electricity bills
According to grid operators and energy experts, the rising U.S. electricity prices could rise even more in certain parts of the nation if the 10% tariffs on energy imposed this week by the Trump Administration hit Canadian supplies and triggered retaliation.
Chevron restructures its business and reshuffles the leadership
Chevron announced on Monday that it will reorganize its business structures, and reshuffle its leadership team. This is the latest step taken by the U.S. oil major to streamline its operations. As it deals with cost overruns…
The cold weather in the US boosts diesel prices, but masks economic challenges
Since the beginning of the year, the cold temperatures in the Northeast U.S. have led to an increase in demand for heating oil. This has helped to offset the slowdown in recent years due to reduced industrial activity. The Energy Information Administration (EIA)…
Shares of Enphase rise as company forecasts revenue for Q1 above expectations
Enphase Energy, a maker of solar inverters, forecasted first-quarter revenues above market expectations on Tuesday. This was after robust demand led to a higher-than-expected operating profit for the fourth quarter, which sent its shares up 6% after bell.
Enphase shares soar as revenue forecasts for the first quarter are higher than expected
Enphase Energy, a maker of solar inverters, forecasted first-quarter revenues above Wall Street expectations Tuesday. This was after robust demand led to a higher-than-expected operating profit for the fourth quarter, which sent its shares up 6% after closing bell.
EIA expects higher wholesale electricity prices in the U.S. by 2025
The U.S. Energy Information Administration forecasts higher wholesale electricity prices in 2025 for all regions of the United States, except Texas and Northwest. In a report released on Monday, the EIA stated that wholesale…
Senate Committee moves Trump's energy & interior nominees to the floor
The U.S. Senate Energy Committee approved Donald Trump's nominees for the U.S. Department of Interior and Energy. The U.S. Senate energy committee approved President Donald Trump's picks to lead the United States on Thursday.The…
Lyondell to begin closure of Houston Refinery this weekend
LyondellBasell Industries will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations.Layoffs of up to 400 employees at the refinery are scheduled to begin two months after the shutdown begins…
European firms exposed as Trump targets US offshore wind
U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.Former President Joe Biden supported the offshore wind industry…
US NatGas Demand Could Hit Record High
U.S. spot natural gas and power prices soared to multi-year highs in several parts of the country with extreme cold expected to boost gas demand to a daily record high on Tuesday.Extreme weather has created havoc for power and…
What is known about Trump’s executive orders following his swearing-in?
Donald Trump, the U.S. president, began issuing what was expected to be an avalanche of executive orders and directions on Monday as he tried to stamp his mark on his new government on issues ranging from immigration to energy.
