Dafinchi AI

Ormat Technologies, Inc.

ORA

Energy & Utilities

1w

Long-term Capacity Targets and Market Demand Outlook

Ormat maintains its 2028 capacity target of 2.6 to 2.8 GW, supported by exploration and project development.
Strong demand for renewable energy, especially for data centers and AI, underpins growth projections.
The company expects to add 148 MW from geothermal and solar projects by 2026.
Multiple projects are under development, with 385 MW of energy storage capacity planned.
Market demand and policy tailwinds reinforce confidence in achieving long-term growth objectives.

Eversource Energy

ES

Energy & Utilities

2w

Impact of Connecticut Legislation SB4 on Storm Cost Securitization and Customer Bills

SB4 allows for securitization of storm costs from 2018-2025, improving customer bill predictability and strengthening the balance sheet.
Legislation enables bonds to cover public benefit program costs, potentially reducing customer bill impact.
Legal and regulatory approval process ongoing, with securitization expected to take 12-18 months, likely completing in 2027.

Shoals Technologies Group, Inc.

SHLS

Energy & Utilities

2w

Record Backlog and Strong Order Momentum Driving 2025 Growth Outlook

Shoals reported a record backlog and awarded orders (BLAO) of $671.3 million, with $540.3 million scheduled for shipment in the next 4 quarters through Q2 2026.
The company’s backlog and order flow support an increased revenue guidance for 2025, now projected between $450 million and $470 million, with a 37.9% sequential increase in Q2 and a 11.7% year-over-year growth.
Management emphasizes that despite industry volatility, demand fundamentals remain strong, driven by utility-scale solar, AI, data centers, and onshoring trends.

Clean Energy Fuels Corp.

CLNE

Energy & Utilities

1w

Regulatory Impact of the 45Z Production Tax Credit and Legislation

Management emphasized that the legislation's recognition of negative emissions from manure is a key factor in their strategic growth and project development.
The company is actively developing multiple dairy RNG projects, with several operational and others under construction, aiming to produce RNG by the end of 2025.
The legislation's extension and strengthening are viewed as a positive tailwind for the company's long-term growth in RNG production and environmental impact.

Duke Energy Corporation

DUK

Energy & Utilities

2w

Financial Performance Summary

Duke Energy reported adjusted earnings per share (EPS) of $1.25 for Q2 2025, up from $1.18 in Q2 2024, driven by top-line growth across Electric Utilities.
Electric Utilities and Infrastructure segment EPS increased by $0.10 year-over-year due to new rates in Carolinas, Florida, and Indiana, partially offset by higher O&M and interest expenses.
Gas Utilities and Infrastructure results were flat year-over-year, consistent with seasonal trends in the LDC business.
The company is on track to achieve its 2025 EPS guidance range of $6.17 to $6.42 and maintain a long-term EPS growth rate target of 5% to 7% through 2029.
The Other segment declined by $0.02 primarily due to higher planned interest expense.

NextEra Energy, Inc.

NEE

Energy & Utilities

3w

Financial Performance Summary

Adjusted earnings from corporate and other decreased by $0.04 per share in Q2 2025.
Energy Resources added 3.2 gigawatts to its backlog, now totaling nearly 30 gigawatts, with 30% from storage projects.
Energy Resources' adjusted earnings per share increased by $0.11 year-over-year, driven by new investments and growth in renewables and storage portfolios.
FPL's earnings per share increased by $0.02 year-over-year in Q2, driven by nearly 8% growth in regulatory capital employed.
FPL's retail sales increased 1.7% year-over-year, or 2.6% on a weather-normalized basis, supported by strong customer growth.
FPL's return on equity for regulatory purposes is approximately 11.6% for the 12 months ending June 2025.
NextEra Energy reported a 9.4% year-over-year increase in adjusted earnings per share for Q2 2025 and a 9.1% increase for the first six months of 2025.
Wind resource was weaker at 97% of long-term average compared to 104% in Q2 2024, impacting existing clean energy portfolio earnings.

NextEra Energy, Inc.

NEE

Energy & Utilities

3w

Impact of the One Big Beautiful Bill Act on Renewable Project Development and Safe Harbor Interpretation

The Act provides that wind and solar projects must be placed in service by December 31, 2027, with a safe harbor for projects beginning construction before July 4, 2026.
NextEra's interpretation of 'begin construction' aligns with long-standing treasury guidance, relying on industry consensus and past reliance.
The company has made significant financial commitments in reliance on these rules, believing it has begun construction on enough projects to cover development through 2029.
Management views the Act as constructive, creating opportunities for project pull-forward and strategic advantages for large developers like NextEra.

GWH

Energy & Utilities

5d

Strategic Pivot to Long-Duration Energy Storage and Market Focus

ESS has shifted its strategic focus towards long-duration energy storage solutions, emphasizing the Energy Base product as a core growth driver.
The company highlighted the limitations of short-duration storage and lithium-ion technologies, positioning itself as a leader in scalable, safe, and sustainable long-duration storage.
Management noted a significant increase in market demand, with proposal activity exceeding 1.1 gigawatt hours since the Energy Base launch in February.
The company’s relationships with Tier 1 customers and utilities are foundational to its long-term growth strategy in the evolving energy transition market.
ESS’s pivot includes a focus on building a commercial pipeline with a growing number of RFPs and strategic partnerships, signaling a shift from project-based to pipeline-based revenue.
The company aims to convert commercial momentum into multiyear agreements, targeting revenue growth starting in 2026.