Altus Power, Inc. ("Altus Power" or the "Company") (NYSE:AMPS), the premier independent developer, owner, and operator of commercial-scale solar facilities, announced it has been added to the iShares Global Clean Energy ETF (NYSE:ICLN), effective today. The iShares Global Clean Energy ETF seeks to track the investment results of an index composed of global equities in the clean energy sector. "We're pleased our business of serving customers with clean electricity has been recognized with our addition to the iShares Global Clean Energy ETF," said Sophia Lee, Chief Sustainability Officer of Altus Power. "Our company is aligned with our fellow constituents in the ETF, which prioritize clean

As the Q2 earnings season approaches, clean tech stocks like Enovix Corp (NASDAQ:ENVX) and ChargePoint Holdings Inc (NYSE:CHPT) are catching the spotlight, navigating a landscape fraught with both opportunities and challenges. According to JPMorgan analyst Bill Peterson, the sentiment among institutional investors is notably cautious, with “elevated short interest pervasive across our coverage universe.” This ambivalence is driven by concerns about company execution and balance sheets, keeping investors on the sidelines until clearer signals emerge. Clean Tech’s Recent Rally: A Temporary Surge? Despite the overall uncertainty, Clean Tech stocks have experienced a notable upswing ov

Oil stocks fell early Monday amid concerns that Vice President Kamala Harris could take a tougher stance on the oil and gas industry if she becomes the Democratic presidential nominee and wins the race for the White House. As California attorney general, Harris filed lawsuits against fossil fuel companies, supported reducing greenhouse gas emissions, and pushed for a ban on fracking, according to Offshore Technology. Harris has also been critical of offshore oil exploration and defended California's Low Carbon Fuel Standard. This potential shift in the political landscape has investors worried, with oil majors seeing declines on Monday. Oil Stocks Feeling The Heat At the time of

U.S. solar manufacturers are prodding the Biden administration to toughen the rules on a law that gives a 10% tax credit solar project developers who use materials made in the U.S.A. The administration sought to encourage investment in clean energy and deter reliance on Chinese goods through the 2022 Inflation Reduction Act, which requires that 40% of the cost of a developer’s materials comes from U.S.-manufactured solar products. But the Solar Energy Manufacturers for America Coalition (SEMA) said developers can reach that 40% requirement just by buying U.S.-made mounting racks and inverters, and then purchasing the solar panels overseas, Reuters reported. Also Read: Enphase Energy

As the 2024 U.S. Presidential election approaches, the energy sector stands at a crossroads. Potential shifts in policy could significantly impact both traditional and clean energy markets. According to insights from JPMorgan's Strategic Research team, the outcome of the election between incumbent President Joe Biden and Ex-President Donald Trump could lead to varying scenarios. Each of these scenarios has distinct implications for investors and companies in the sector. 1. Biden Presidency, Split Congress Clean Energy: This scenario is seen as the lowest risk for the clean energy sector. A divided Congress would likely maintain the status quo, making it difficult to roll ba

California is the largest U.S. state by population and was once the largest solar energy producer in the U.S. In a large shake-up, Texas has surpassed California as the largest domestic solar energy producer. The Data: An article from the Financial Times outlined how Texas, which has its own energy grid, has become a “model” for green energy adoption. Texas’ solar grid has grown exponentially in the past five years. In 2019, Texas had just over 2 gigawatts of solar plants compared to California’s 13. In 2024, Texas has 23.6 gigawatts to California’s 21.2. FT acquired the data from Grid Status. According to data from the think tank Ember, Texas generated more power from solar than co

Meteorologists at the National Oceanic and Atmospheric Administration (NOAA) have issued a bleak forecast for 2024’s hurricane season, which runs June 1 to Nov. 30. The most devastating hurricanes cause hundreds of billions of dollars in damages and can greatly impact the financial markets. NOAA Announcement: NOAA administrator Rick Spinrad outlined the NOAA’s forecasts at a news conference on Thursday. In the Atlantic region, forecasters predict an 85% chance of an above-normal hurricane season, a 10% chance of a near-normal season and a 5% chance of a below-normal season. The NOAA predicts there will be eight to 13 hurricanes with four to seven of those being classified as severe.

In an exclusive interview with Benzinga, Michael Sayers, CFA and vice president and portfolio manager at Rockland Trust, shared valuable insights into today’s investment opportunities. Below, we explore the key questions and Sayers’ insightful responses: How The CHIPS Act, IRA Act & Infrastructure Act Create Investment Opportunities When asked about the anticipated influence of recent legislative developments like the CHIPS Act, IRA Act, and Infrastructure Act on investment opportunities, Sayers provided a comprehensive overview. Regarding the potential effects of the CHIPS Act on technology investments and the semiconductor industry, Sayers pointed out the significant earmarke

The state of California has vowed to have 100% clean power by 2045, but recent data showed that it was already reaching that goal, at least for a few hours each day. Data posted by the California Independent System Operator (ISO) revealed that in recent weeks, power supply generated through wind, water and solar exceeded total demand for up to six hours daily. California ISO is one of the country's largest power grids and handles around 80% of California's power supply. Data shared by Stanford professor Mark Z. Jacobson illustrated that in 18 out of the last 19 days, power from wind, water and solar exceeded demand for at least a few minutes and up to six hours during daytime when p

Treasury Secretary Janet L. Yellen is poised to voice concerns about China’s green energy exports in a speech scheduled for Wednesday, March 27. What Happened: According to the New York Times, which obtained a copy of Yellen’s speech, the Treasury Secretary will address potential market distortions caused by China’s aggressive export strategy, especially in the context of subsidized green technology. China's overcapacity not only disrupts global prices and production trends, but it also “hurts American firms and workers, as well as firms and workers around the world,” Yellen says. The backdrop for Yellen’s critical observations is her visit to Norcross, Georgia, where she is showc

BMO Capital Markets analyst Ameet Thakkar initiates coverage on Nextracker Inc. (NASDAQ:NXT) at a Market Perform rating and a price target of $69. The analyst is constructive about the global demand for solar trackers and expects the ex-China total addressable market to more than double by the end of the decade.  The analyst says Nextracker is a category leader with a growing backlog that provides visible revenue & earnings growth, margin uplift from IRA (~500 bps), and positive FCF. Despite low barriers to entry, Thakkar sees Nextracker as well-positioned and insulated, given its strong global relationships with key solar developers and EPCs.  Also, the analyst says that the com