British oil major British Petroleum (BP) is up against a few different challenges right now, ranging from currency fluctuations to a dramatic drop in price for oil and gas. These could take as much as $1.2 billion away from the bottom line in a worst case scenario. However, the company quelled investor fears by [...]
General Electric successfully completed the spin-off of its GE Power business just a few weeks back and listed GE Vernova as its own publicly traded company (GEV). Analysts are already hot on the stock as it received its first upgrade today by J.P. Morgan’s Mark Strouse. He moved his stance from hold to buy [...]
Enphase Energy (ENPH) has fallen more than 14% in the past week as concern surrounding high interest rates continues to mount. This has prompted sharp sell-offs, which include insider selling. Interest rates are at a 23-year high today, and the Fed won’t take action anytime soon as consumer and wholesale inflation are both concerns [...]
By Leslie N. Masonson, MBA Weatherford International plc (WFRD), a Nasdaq-listed company, was incorporated in 1972 in Houston, Texas, where it is currently headquartered. It has $4.98 billion in annual sales and a market capitalization of $6.9 billion. The Company operates in 75 countries with 18,000 full-time employees in 335 operating locations. Weatherford may [...]
Much to the delight of shareholders, Shell (SHEL) announced today that dividends paid out will be increasing going forward. The company was already distributing 20%-30% of cash flow from operations but is boosting that figure up to 30%-40%. This will entail raising the dividend per share for the second quarter by at least 15%. [...]
Icahn Enterprises (IEP) has had an interesting week, as the stock is currently up 20% in today’s trading session Friday. But, the stock tanked more than 45% earlier in the week. This came after the company was the latest victim to be targeted by Hindenburg - a short seller with a history of releasing [...]
TORM plc, Inc. (TRMD) is a London-based global carrier of energy and clean petroleum products with a market cap of $2.81 billion that has been trading on the Nasdaq since mid-2018. Their fleet of product tankers transports gasoline, naphtha, diesel, and jet and fuel oil that keep businesses across the world operating efficiently, safely, [...]
Although SolarEdge's stock (SEDG) is up nearly 10% in 2023, it took a hit following the release of its fourth-quarter results. Analysts expected fourth-quarter earnings of $1.54 a share on revenue of $880 million, but SEDG outperformed, reporting adjusted earnings of $2.86 a share on $890 million in revenue. This marked a 58% increase [...]
Chevron (CVX) announced Wednesday after trading hours that the company has approved a stock buyback program along with a dividend hike. After an incredible year for the energy sector as a whole - and Chevron as a company - they are investing in themselves and giving back to shareholders. The energy giant has been [...]
While the market is closed this morning on MLK day, the week still started off with a bang as Broadwind Energy (BWEN) soared 27% by 12pm EST. And while this was enough to get many investors to buy in and ride the wave, this is just part of a larger overall trend that’s been [...]
