Energy Business

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The 4 Biggest Utilities Winning After Brexit

As the broad markets are recovering, we are starting to realize that the Brexit was a great opportunity to buy into the markets. The Brexit pulled markets back across the ...
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California Oil Refineries Investigated by State Attorney General

California Attorney General Kamala Harris has subpoenaed documents from the state's major oil refiners related to an investigation into whether the companies have artificially raised retail gasoline prices in the ...
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Southwestern Upsizes Secondary Offering to Buy Back Debt

Early Wednesday morning, Southwestern Energy Co. (NYSE: SWN) announced an underwritten secondary offering of 75 million shares that would be sold by the underwriters through negotiated transactions, at negotiated prices, ...
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Why Tesla Scored Another SolarCity Induced Analyst Downgrade

Earlier in June, Elon Musk’s brainchild Tesla Motors, Inc. (NASDAQ: TSLA) made an acquisition bid for SolarCity Corp. (NASDAQ: SCTY) essentially bringing his family of businesses under one roof. However ...
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SPI Energy Rises on New Chinese Contracts

SPI Energy Co. Ltd. (NASDAQ: SPI) is watching its shares make a handy gain on Monday after it signed two new contracts with China. The company announced that its subsidiary ...
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Short Sellers Uncertain on Solar, Alt Energy Stocks

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on June 15. In the solar sector two of four companies we ...
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Major Oil Short Interest Makes Massive Surge

The short interest data have been released for the June 15 settlement date. With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest ...
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Centennial Resource Files for IPO

Centennial Resource Development has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the offering, but it ...
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Credit Suisse Loves These 3 High-Yielding MLPs Now

Any way you slice it, the energy run up from the lows has been outstanding, and investors who had the courage to buy back in January and February have been well ...
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Merrill Lynch Raises Price Targets on Top Buy-Rated Energy and MLP Stocks

With the spot price of oil holding its own, and many strategists and economists positive on gross domestic product growth in the second half, there is a good chance that ...
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SolarCity Lost $123 Million Last Quarter

SolarCity Corp. (NASDAQ: SCTY) may be taken over by Tesla Motors Inc. (NASDAQ: TSLA). No matter how promising SolarCity's prospects are, it lost $283 million last quarter on $123 million ...
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China’s Largest Wind Turbine Maker Seeks New Markets

In 2015, China's Goldwind Science & Technology installed 7,800 megawatts of wind power generation capacity, the most of any country, displacing General Electric Co. (NYSE: GE) as the world's top ...
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Credit Suisse Sees Big Upside in Defensive MLPs for Yield and Growth

The world of master limited partnerships (MLPs) was once believed to be at least partially immune to the woes of oil and gas prices. That worked for a while. Issues ...
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How Strong Is the Outlook for Laredo Petroleum?

Independent oil and gas producer Laredo Petroleum Inc. (NYSE: LPI) has a reputation as one of the most efficient producers in the Permian Basin, where it sits on proved reserves ...
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Exxon Adds $45 Billion to Market Cap

Exxon Mobil Corp. (NYSE: XOM) closed 2015 with a share price of $77.97, down from a closing price of $92.45 at the end of 2014. The company's market cap dropped ...
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