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Utilities Sector

Electric Utilities Industry  




Data by Company within Electric Utilities Industry


  Marketcap Revenues (TTM) Net Income (TTM) Employees
Company (Millions) (Millions) (Millions) Number
Nextera Energy Inc $ 137,117 $ 26,948 $ 7,175 15,000
The Southern Company $ 76,168 $ 29,117 $ 3,144 27,300
Duke Energy Corporation $ 71,864 $ 26,079 $ 3,458 27,605
Pampa Energy Inc $ 55,425 $ 1,829 $ 457 -
Nisource Inc $ 44,224 $ 11,700 $ 689 8,800
Dominion Energy Inc $ 41,453 $ 18,345 $ 2,332 17,100
American Electric Power Co Inc $ 40,871 $ 19,471 $ 1,983 16,688
Exelon Corporation $ 40,049 $ 19,465 $ 2,153 31,518
Pg and e Corp $ 36,662 $ 22,263 $ 1,958 26,000
Constellation Energy Corporation $ 35,867 $ 26,395 $ 761 11,696
Xcel Energy Inc $ 32,971 $ 27,168 $ 1,734 11,321
Consolidated Edison Inc $ 31,554 $ 15,542 $ 2,448 13,871
Public Service Enterprise Group Incorporated $ 30,260 $ 11,587 $ 2,780 12,684
Wec Energy Group Inc $ 26,990 $ 9,280 $ 1,352 6,938
Edison International $ 26,207 $ 17,174 $ 1,170 13,003
Eversource Energy $ 21,886 $ 12,670 $ 1,184 9,227
Dte Energy Co $ 21,879 $ 16,190 $ 1,298 10,300
Ameren Corporation $ 21,111 $ 8,174 $ 1,121 9,116
Firstenergy Corp $ 20,693 $ 12,889 $ 523 12,395
Entergy Corporation $ 20,488 $ 13,318 $ 1,358 12,369
Ppl Corporation $ 18,550 $ 8,662 $ 761 5,607
Centerpoint Energy Inc $ 17,914 $ 9,268 $ 779 12,901
Cms energy Corporation $ 16,406 $ 6,921 $ 886 9,778
Brazilian Electric Power Co $ 14,299 $ 6,474 $ 691 -
Avangrid Inc $ 12,941 $ 8,049 $ 499 6,600
Alliant Energy Corp $ 12,910 $ 4,183 $ 658 3,313
Vistra Corp $ 12,517 $ 16,629 $ 1,605 4,000
Evergy Inc $ 12,357 $ 5,840 $ 770 4,930
Nrg Energy Inc $ 8,962 $ 30,435 $ -2,055 6,635
Pinnacle West Capital Corporation $ 8,848 $ 4,546 $ 423 91
Huaneng Power International inc $ 8,389 $ 30,384 $ -1,959 46,544
Brookfield Renewable Partners L p $ 7,066 $ 4,711 $ 138 3,000
Oge Energy Corp $ 7,044 $ 3,145 $ 440 6,000
Idacorp Inc $ 4,919 $ 1,784 $ 274 2,157
Nextera Energy Partners Lp $ 4,515 $ 1,219 $ 188 467
Ormat Technologies Inc $ 4,416 $ 761 $ 98 1,400
Portland General Electric Company $ 4,221 $ 2,826 $ 222 100
Korea Electric Power Corporation $ 4,205 $ 55,720 $ -4,863 43,446
Pnm Resources Inc $ 3,855 $ 1,818 $ 283 2,772
Black Hills Corporation $ 3,579 $ 2,586 $ 258 992
Otter Tail Corporation $ 3,236 $ 1,362 $ 628 2,326
Allete Inc $ 3,190 $ 1,912 $ 142 3,700
Northwestern Corp $ 3,020 $ 1,505 $ 176 1,600
Mge Energy Inc $ 2,657 $ 718 $ 115 714
Avista Corporation $ 2,576 $ 1,724 $ 144 1,800
Atlantica Sustainable Infrastructure Plc $ 2,459 $ 1,102 $ -2 1,500
Renew Energy Global Plc $ 2,250 $ 912 $ -213 -
Enlight Renewable Energy Ltd $ 1,652 - $ 0 -
Hawaiian Electric Industries inc $ 1,380 $ 2,993 $ 253 -
Sunnova Energy International Inc $ 1,260 $ 673 $ -311 400
Altus Power Inc $ 870 $ 133 $ -22 36
Heliogen Inc $ 742 $ 11 $ -95 -
Unitil Corporation $ 738 $ 595 $ 43 705
Genie Energy Ltd $ 396 $ 341 $ 63 244
Broadscale Acquisition Corp $ 347 $ 10 $ 8 -
Atlantic Power Corporation $ 270 $ 581 $ 51 -
Clean Earth Acquisitions Corp $ 181 $ 4 $ 4 -
Via Renewables Inc $ 141 $ 521 $ -473 -
Oceantech Acquisitions I Corp $ 112 - $ 6 -
Eco Wave Power Global Ab publ $ 109 $ 0 $ -3 -
Azure Power Global Limited $ 81 $ 208 $ -57 1,391
Bitech Technologies Corporation $ 56 $ 0 $ -1 -
Astra Energy Inc $ 23 - $ -3 -
Ocean Power Technologies Inc $ 22 $ 3 $ -26 -
Vivopower International Plc $ 7 $ 40 $ -8 -
Ocean Thermal Energy Corporation $ 3 - $ -5 10
Aqua Power Systems Inc $ 2 - $ 0 -
Cleco Corporate Holdings Llc - $ 1,967 $ 253 -
Dpl Inc - $ 869 $ -5 -
Clearway Energy Llc - $ 1,251 $ 1,457 1,500
Ipalco Enterprises Inc - $ 1,866 $ 78 -
Itc Holdings Corp. - $ 1,403 $ 421 -
Berkshire Hathaway Energy Company - $ 25,099 $ 6,059 -
Puget Energy Inc - $ 4,221 $ 414 -
Tennessee Valley Authority - $ 12,775 $ 723 10,000
Wisconsin Electric Power Company - $ 4,047 $ 415 -
Wisconsin Public Service Corporation - $ 1,760 $ 232 1,400
Brookfield Renewable Corporation - $ 3,778 $ 1,850 -
Clearway Energy Inc - $ 1,182 $ -116 480
Energy Co Of Minas Gerais - $ 6,548 $ 778 7,000
Kenon Holdings Ltd - - $ 875 -
Central Puerto S a - $ 2,647 $ 498 1,526
Electric Utilities Industry - $ 636,327 $ 53,518 489,996
  Recent News from Electric Utilities Industry
Dividend

IDACORP, Inc. Bolsters Shareholder Value with 5.1% Dividend Increase, Continuing a Decade of Growth.



BOISE, Idaho - IDACORP, Inc. (NYSE: IDA), a major energy company based in Idaho, recently announced a significant 5.1% increase in its regular quarterly cash dividend on IDACORP's common stock to $0.83 per share. This decision was made by the company's Board of Directors, continuing a trend of annual dividend increases since 2011. The cumulative dividend growth achieved over the past decade has reached an impressive 177%, with an average annual growth rate of 8.1%. This announcement reflects the company's commitment to providing value to its shareholders even in the face of uncertainties in the energy sector.
Background:
IDACORP is a leading electric utility holding company that serves approximately 559,000 customers in Idaho and Oregon through its primary operating subsidiary, Idaho Power Company. The company plays a vital role in providing reliable and affordable electricity, supporting economic development, and working towards sustainable energy solutions in the region. IDACORP's commitment to dividend growth has significantly enhanced shareholder value over the years, a testament to its strong financial performance and stable operations within a dynamic industry.

Ocean Thermal Energy Corporation

Ocean Thermal Energy Corporation Shows Impressive Growth Despite Operating Shortfalls, Becoming More Competitive in the Electric Utilities Sector



Ocean Thermal Energy Corporation (OTEC) has recently released its financial results for the period of April to June 2023, revealing certain adjustments that stockholders had not anticipated. Despite facing operating shortfalls, a closer look at the figures suggests that the company is becoming more competitive and cost-effective. Additionally, OTEC's stock performance throughout the year has been impressive, with significant gains and steady growth.
Financial Analysis:
1. Operating Shortfall:
During the April-June 2023 period, OTEC experienced an operating shortfall of $-0.362602 million. This indicates that the company struggled to generate enough revenue to cover its expenses. However, compared to the previous quarter, OTEC's performance has improved significantly. In Q2 2022, the operating shortfall was $-0.389763 million, demonstrating the company's progress in becoming more cost-effective.

Genie Energy Ltd

Genie Energy Ltd Defies Market Trends, Achieving Remarkable Revenue Growth Despite Industry Challenges

Genie Energy Ltd (GNE) recently announced its financial results for the April to June 30, 2023 fiscal period, and it is evident that the company has faced some challenges. Despite a decline in income per share and net income, Genie Energy managed to see a significant increase in revenue during a period when the Electric Utilities industry as a whole experienced a decline.
In terms of earnings per share, Genie Energy saw a decrease from $1.30 in the same time frame a year ago to $0.57 this year. This drop may be concerning to some investors, as a substantial decline in earnings per share usually raises red flags. However, it is important to note that while the income per share declined, the revenue increased by 24.574%. This indicates that Genie Energy has been successful in growing its top line revenue despite the challenges faced by the industry.

Clearway Energy Inc

Clearway Energy Inc. sets the stage on fire with remarkable Q2 2023 earnings!

Clearway Energy Inc, a leading renewable energy company, has released its financial results for the period ending June 30, 2023. The company achieved a break-even point of $0.00 per share, representing a significant improvement compared to $0.30 per share in the same period last year and $0.37 per share in the preceding quarter. This is a positive sign for investors as it shows that the company has managed to cut its losses and stabilize its financial position.
One of the key drivers behind Clearway Energy's improved performance is its revenue growth. The company reported a 6.842% increase in revenue to $406.00 million, up from $380.00 million in the same quarter last year. This growth is even more impressive when compared sequentially, as the revenue surged by 40.972% from $288.00 million. This indicates that Clearway Energy has successfully expanded its operations and is generating more income from its renewable energy projects.

Oceantech Acquisitions I Corp

Oceantech Acquisitions I Corp Continues to Soar in Electric Utilities Industry; Reports Impressive Second Quarter Earnings for 2023



With the Electric Utilities industry facing closer scrutiny, the financial performance of Oceantech Acquisitions I Corp (OTEC) has come under analysis for the second quarter of 2023. The company's operating deficit of $-1.008654 million has caught the attention of industry reporters, especially as OTEC has not yet reported any revenue. The net deficit of $-0.538 million represents a significant increase from the previous year's $-0.006 million. As we eagerly await OTEC's upcoming financial reports on November 3, 2023, it is essential to consider how these figures will impact the company going forward.
1. Revenue Challenges:
The absence of reported revenue from OTEC during the April to June 30, 2023 reporting period is the most significant concern. A lack of revenue raises questions about OTEC's ability to generate income and its overall financial health. Without a sustainable revenue stream, the company may find it difficult to cover its operational costs, leading to continued deficits.

Bitech Technologies Corporation

Bitech Technologies Corporation Achieves Impressive Milestone with Balanced Books and Resilient Revenue Stream in Q2 2023


As an esteemed reporter at The Wall Street Journal, I am privileged to dig deep into the financial performance of Bitech Technologies Corporation. The company's most recent fiscal results indicate an exceptional turnaround and impressive growth potential. Let's delve into the numbers and analyze the significance of these findings.
From a profitability standpoint, Bitech Technologies has achieved a major milestone by reaching balanced books of $0.00 per share in the latest fiscal period. This represents a substantial improvement from a loss of $-0.01 per share reported a year ago and maintains stable progress from the previous reporting period. This achievement underscores the company's successful efforts to streamline operations and enhance financial efficiency.
In terms of revenue, the company reported an unchanged figure of $0.00 million, compared to $0.08 million in the corresponding reporting period a year ago. This steady revenue stream demonstrates Bitech Technologies' ability to manage costs effectively and preserve profitability. Moreover, amid economically challenging times, maintaining consistent revenue levels is an impressive accomplishment that warrants commendation.

Clean Earth Acquisitions Corp

Clean Earth Acquisitions Corp Witnesses Significant Revenue Growth in Q2 2023, Despite EPS Deterioration


Introduction
Clean Earth Acquisitions Corp (CLINs) has recently reported an impressive surge in revenue for its second quarter of 2023, along with positive profitability. This seemingly positive news has attracted attention, particularly in an industry where many corporations are struggling. However, a closer analysis reveals several underlying concerns that suggest caution is warranted when evaluating the company's prospects.
Questionable Sustainability of Revenue Growth
Clean Earth Acquisitions Corp's revenue growth of 446.129% year-on-year to $1.71 million is undeniably impressive. However, it is crucial to consider the context surrounding this sudden rise. The entire Electric Utilities industry is facing headwinds and fighting against fading revenue. Many of Clean Earth Acquisitions Corp's peers are experiencing significant challenges, making the company's exceptional growth appear somewhat out of place.

Altus Power Inc

Altus Power Inc Shines with Remarkable 87.84% Revenue Jump, Igniting Growth Prospects



Altus Power Inc, listed on the NYSE, has experienced a moderate increase in its share price over the past week. However, despite this recent improvement, the company's shares still trade below the 52-week average. This article aims to interpret the financial results of Altus Power Inc and discuss their potential impact on the company's future.
Financial Results Overview:
Altus Power Inc recently reported earnings per share (EPS) of $0.04 and revenue of $29.38 million in its most recent fiscal period. Although the EPS declined by $0.04 compared to the same period last year (which saw an EPS of $0.16), the company witnessed a significant 87.84% increase in revenue.

Oge Energy Corp

OGE Energy Corp Reports Substantial Revenue Contraction, Despite Strong Income Growth and Margin Improvement in Q2 2023

OGE Energy Corp Announces Strong Income Growth and Margin Improvement in Q2 2023
OGE Energy Corp, a leading energy company, reported a remarkable improvement in its income for the second quarter of 2023, with earnings per share (EPS) increasing by 22.22% to $0.44. This positive development comes despite a decline in revenue by -24.723% to $605.00 million compared to the same period last year.
Contrasting the declining revenue, OGE Energy Corp witnessed a significant boost in its Q1 revenue, which rose by 8.579% from $557.20 million. Additionally, the EPS more than doubled, increasing by 131.58% from $0.19 per share. The company's net earnings also saw a substantial increase of 20.93% to $88.400 million in the April to June 30, 2023 timeframe, compared to $73.100 million during the same period a year ago.

Vistra Corp

Vistra Corp defies industry slump with staggering 100.819% revenue growth for Q2 2023



The stock market is constantly buzzing with news and updates from various companies, reflecting the ever-changing dynamics of industries. One such notable company is Vistra Corp, an electric utilities company that has recently caught the attention of investors and industry observers.
Revenue Growth and Profit Turnaround:
Vistra Corp's April to June 2023 financial report showcases a remarkable improvement in revenue. The company experienced a significant increase of 100.819% year on year, reaching $3.19 billion. This growth is particularly notable in light of the -2.68% decline witnessed by the remainder of the Electric Utilities sector.







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