electricity

A recent report from the Energy Information Administration (EIA) revealed that in 2023, the global cryptocurrency mining industry consumed an amount of electricity comparable to Australia’s entire usage. The report also highlighted the industry’s significant growth in the United States...

Vistra Corp (NYSE: VST) reported a third-quarter FY23 operating revenue decline of 20.6% year-over-year to $4.09 billion, missing the estimate of $4.78 million. Net income from ongoing operations stood at $519 million versus $662 million a year ago. Adjusted EBITDA from ongoing...

Popular tech YouTuber Marques Brownlee shared that he has had no electricity bill for an entire year after installing Elon Musk’s Tesla Roof System, Teslarati reports. Unprecedented Efficiency: Brownlee recounted his one-year journey with a Tesla Inc (NASDAQ:TSLA) Roof in a YouTube video....

Tesla Inc's (NASDAQ: TSLA) Megapack is a large-scale energy storage solution designed to bolster the reliability and sustainability of power grids. Each unit boasts an energy storage capacity of 3 MWh, enough to power an average of 3,600 homes for an hour. Tesla has now secured contracts...

SBI Crypto Co., a subsidiary of Japan's SBI Holdings Inc, has filed a lawsuit against Whinstone US, a data center based in Rockdale, Texas. The lawsuit accuses Whinstone of misrepresenting its readiness to host a large-scale Bitcoin (CRYPTO: BTC) mining operation and for causing millions of...

Tesla Inc (NASDAQ: TSLA) has filed an application, seeking to sell electricity directly to consmers in Texas, as per documents on Texas Public Utility Commission's website. What Happened: Tesla has, so far, not acted as a retail electricity provider. Instead, it makes big...

The near-term tax equity overhangs on Bloom Energy Corp’s (NYSE: BE) shares are likely to ease, according to BofA Securities. The Bloom Energy Analyst: Julien Dumoulin-Smith upgraded the rating for Bloom Energy from Underperform to Neutral, while raising the price target from $19.50 to $...

General Electric Company (NYSE: GE) announced Wednesday it had signed two agreements with the Iraqi Ministry of Electricity worth $1.2 billion to bolster and maintain the middle-eastern country’s electric infrastructure. What Happened: The two agreements will cover the maintenance of...

Shares of electricity and natural gas provider Exelon Corporation (NYSE: EXC) have underperformed peers by more than 15% since the start of 2019, and investors should buy the dip, according to Morgan Stanley. The Analyst Stephen Byrd upgraded Exelon from Equal-weight to Overweight with a price...

Exelon Corporation (NYSE: EXC) is the largest electric holding company in the U.S., with around 10 million customers. A better valuation model, potential upside to consensus estimates and few headwinds led Goldman Sachs to upgrade the equity the energy stock this week.  The Analyst Goldman...

Southern Co (NYSE: SO) reported fourth-quarter results Wednesday that beat Wall Street's expectations on the top- and bottom-line. After the print, the company's CEO Thomas Fanning was a guest on CNBC's "Squawk Box" segment to talk about the results and the tax...

Stock market volatility has resulted in the utilities sector trading lower by 8 percent in 2018, according to Morgan Stanley — creating some buying opportunities for investors, as well as a call for investors to revise their bullish stance on one name. The Analyst Morgan Stanley's...

Considering the generally high cost of air conditioning, the fact that New Mexico has the lowest average monthly energy bill of any state may come as a surprise. But perhaps more surprising is that its trick isn’t living by candlelight or killing the cooling system. It’s living by coal...

Data released by the U.S. Energy Information Administration indicated impressive growth in PV installs through November 2016. Despite this, growth in U.S. solar installations may actually be cooling, Axiom's Gordon L. Johnson said in a report. According to PVInsights data for this week, average...

SunPower Corporation (NASDAQ: SPWR) charged higher Wednesday up nearly 6 percent as Deutsche Bank weighed in on some frequently asked questions on the clean energy technology company. Despite the jump in share price, an increasingly competitive pricing environment surrounding clean energy...