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Barclays cut its price target on Tesla. Turrin's $480 price target suggests Microsoft shares, which are up more than 10% this year, could add another 15.8% over the next 12 months. Nardone kept his $150 price target, which implies Crocs shares could gain 24.3% over the next 12 months. Tesla shares, which have lost more than 36% this year, traded 1.3% higher in premarket trading. Redburn Atlantic also cut its price target to $130 from $150, reiterating its sell rating on the stock.

Persons: Raymond James, Wells, Michael Turrin, Turrin, — Pia Singh, Crocs, Christopher Nardone, Terence Reilly, Nardone, Stanley, Ben Chaiken, Chaiken, Jefferies, Corey Tarlowe, Tarlowe, Tesla's, Dan Levy, Levy, Tesla, Pavel Molchanov, Vernova, Molchanov, Fred Imbert Organizations: CNBC, Wednesday's, Barclays, GE, Microsoft, Bank of America Bank of America, Royal, Mizuho Securities Mizuho, Royal Beach Club, Urban, Jefferies, Urban Outfitters, Abercrombie, General Electric, GE Vernova Locations: Wells Fargo, Heydude, Royal Caribbean, Tuesday's

☆ Fact check: Trump won’t stop inflating inflation numbers
▼ + stars: | 2024-03-19 | by ( Daniel Dale | ) edition.cnn.com time to read: +5 min

And since last fall, Trump has also exaggerated about oil prices, gas prices, overall energy prices, bacon prices and general food and grocery prices. “Not surprisingly, the claims are not true,” Tom Kloza, global head of energy analysis for the Oil Price Information Service, told CNN. “Crude oil prices - the two benchmarks, WTI and Brent - hit their all-time highs in July 2008,” trading above $147 per barrel. Bacon pricesIn multiple speeches in the fall, Trump claimed that bacon cost Americans “five times” what it did before Biden became president. At the time Trump claimed in Ohio on Saturday that grocery prices had increased 30% under Biden, average grocery prices had increased about 21% under Biden.

Persons: Joe Biden –, Donald Trump, Trump, Biden, ” Trump, “, Trump’s, aren’t, Tom Kloza, Brent, ” Pavel Molchanov, Raymond James, Molchanov, Bacon, Biden can’t, PolitiFact Organizations: Washington CNN, Biden, CNBC, Washington Post, Oil Price Information Service, CNN, “, West Texas, Brent, GasBuddy, Trump, AAA, Energy, National Rifle Association, Republican Party Locations: Georgia, Virginia, North Carolina, Ukraine, Florida, “, “ U.S, Ohio

☆ Trump’s avalanche of dishonesty: Fact-checking 102 of his false claims from this fall
▼ + stars: | 2023-12-01 | by ( Daniel Dale | ) edition.cnn.com time to read: +111 min

Below is a fact check of 102 of Trump’s false claims from the 12 speeches. But contrary to Trump’s claim, it’s not true that people had been attempting for decades to create such an initiative. Trump’s aid to farmersIn speech after speech, Trump claimed that he had given US farmers $28 billion from China. Even if the poll result is off, it’s clear that Trump’s claim that “nobody wants them” is not true. He said he was an airline pilot.”Facts First: Trump made a false claim while mocking Biden for making false claims.

Persons: Donald Trump, –, Trump, Joe Biden, Biden, Ron DeSantis, Nikki Haley, “, ”, Mexico’s, ‘ Trump, Defense Department –, ” Theresa Cardinal Brown, CNN’s Priscilla Alvarez, ” Trump, I’ve, Todd Harrison, Harrison, It’s, Trump’s, ” Ben Cahill, Nobody, Jimmy Carter’s, Barack Obama, isn’t, El Salvador –, Obama, we’d, Obama’s, Webster, Covid, Wuhan ”, They’d, they’d, you’d, Scott Gottlieb, ” Gottlieb, Trump Trump, it’s, Abraham, Aaron David Miller, Miller, Dana El Kurd, Qasem Soleimani, they’ve, we’re, We’re, ’, Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Kpler, Biden Trump, Iran “, Democrats ”, that’s, Jimmy Carter, Carter “, Carter, ‘, Hillary Clinton, Kari Lake, Bill Gates, Gates, ” Chris Wallace, Chris Wallace, Hunter Biden, “ Chris Wallace, ‘ He’s, ‘ ” Trump, Wallace, “ you’re, “ Biden, ‘ You’re, Wallace interjected, Rather, you’ve, ’ ” Pavel Molchanov, Raymond James &, ” Molchanov, Tim Woody, Woody, autoworkers, CNN’s Ella Nilsen, Joe Biden’s, Erin Mellon, Gavin Newsom, Mellon, ” Vonette Fontaine, Biden “, CNN’s Matt Egan, Egan, ” Biden, Europe Trump, United Kingdom “, Brent, Pavel Molchanov, Raymond James, Patrick De Haan, GasBuddy, De Haan, Matt Smith, Matt Egan, Afghanistan Trump, we’ve, Krista Wiegand, Wiegand, ” Netanyahu, Benjamin Netanyahu, Israel, Qasem, Bibi, Netanyahu, Soleimani, Asad, Mark Milley, Hezbollah Trump, Steven Cheung, John Kirby, Cheung, Kirby, Iran’s, ” Ali Vaez, Joseph Amon, Washington –, Faiq Zidan, Zidan’s, Zidan, Abu Mahdi al, China Trump, Ukraine Trump, Letitia James, James, Attorney Alvin Bragg, Matthew Colangelo, You’re, Bragg, Colangelo, Tanya Chutkan, I’m, Jack Smith, Bill Clinton, That’s, everybody’s, Letitia James –, Al Capone’s, Al Capone, Capone, Brad Schwartz, CNN couldn’t, Schwartz, Eliot Ness, MAGA, “ MAGA, …, White, CNN’s Fareed Zakaria, Inflation Trump, Bacon, Joe, PolitiFact, Trump . Howard Gleckman Organizations: Washington CNN —, CNN, Republican, Trump Trump, Republican Jewish Coalition, Department, ISIS, Trump’s, Democratic, Congress, Defense Department, former Defense Department, Center, US Customs, Trump, American Enterprise Institute, Air Force, Army, Navy, Marine Corps, Strategic Petroleum Reserve, Energy Security, Center for Strategic, International Studies, US, IHS, Islamic, The State Department, Customs Enforcement, Policy Institute, ICE, El Salvador, ”, Merriam, The New York Times, Food and Drug Administration, FDA, Abraham Accords, United Arab Emirates, West Bank, Hezbollah, State Department, Carnegie Endowment, International, Arab Center Washington DC, Islamic Revolutionary Guards Corps Quds Force, Obama, US International Trade Commission, Washington Post, U.S . International Trade Commission, New England lobstermen, England lobstermen, Americas, Crisis, government’s Energy, Administration, Washington Free Beacon, Energy Information Administration, Democrats, Biden, Electoral, Georgia, Michigan, Carter, Democrats can’t, Republicans, Alabama, Arizona, Fox News, ” Energy, Oceanic, Atmospheric Administration, NOAA, Wildlife, Alaska Industrial Development, Export Authority, Raymond James & Associates, Wilderness Society, Cox Automotive, Pew Research Center, New York Times, National Oceanic, California Gov, California, American Petroleum Institute, Union, West, Energy, American Automobile Association, AAA, GasBuddy, New Hampshire, Houston, Keystone XL, Obama administration’s State Department, –, Foreign, Military, DoD, Afghan, Defense, Policy, Taiwan News, “, University of Tennessee’s Center for National Security, Foreign Affairs, Israeli, NBC, Jerusalem Post, Yahoo, Pentagon, ” CNN, Joint Chiefs, Staff, Post, National Security, Group, US government’s Defense Intelligence Agency, Narcotics Bureau, Global Health, Drexel University Dornsife School of Public Health, Justice Department, Washington, Judicial, Popular Mobilization Forces, Customs and, Middle East, Customs, Protection, CBP, Border Protection, Kiel Institute, European Union, New York, New, ExxonMobil, Trump University, Trump Foundation, Manhattan, Attorney, federal Justice Department, Department of Justice, Washington DC, Presidential Records, Presidential, Mar, Biden White, MAGA Republicans, Inflation, Heritage Foundation, Trump ., Brookings Tax, Urban Institute Locations: New Hampshire, New York City, Saudi, Florida, al Qaeda, New York, Texas, Iowa, Mexico, “, U.S, Houston, Iraq, Israel, Tel Aviv, Jerusalem, Nord, Germany, Russian, Trump’s, Russia, Ukraine, Europe, Guatemala, Honduras, El Salvador, El, Washington, ”, ” In Texas, Covid, China, Wuhan, Italy, France, Abraham, Bahrain, Morocco, Sudan, Gaza, Lebanon, Syria, Iran, Yemen, Libya, Palestine, Afghanistan, Somalia, Pakistan, New England, England, Kpler, Malaysia, Oregon, Alabama, Maricopa County, Arizona, Arizona’s, Moscow, Alaska, East, South Carolina, California, “ California, West Virginia, Virginia, United Kingdom, West Texas, “ U.S, Los Angeles, Venezuela, Mississippi , Louisiana, Canada, United States, Paris, Taiwan, “ China, Iranian, that’s, –, Singapore, Iraqi, San Diego, Kiel, York, Manhattan, York’s, Chicago, Philadelphia, Georgia, Qaeda

☆ Lower prices, oversupply to weigh on lithium miners
▼ + stars: | 2023-10-30 | by ( Arunima Kumar | ) www.reuters.com time to read: +2 min

Lithium miners have had a tough year as weak electric vehicle (EV) sales growth led to high stockpiles and sent prices of the metal tumbling down. The Chinese spot battery grade lithium carbonate prices, fell around 45% to 165,000 Chinese Yuan ($22,561.63) per tonne during the July-September quarter. Reuters GraphicsAnalysts also flagged additional supplies from new projects coming online to further weigh on lithium prices. Albemarle is expected to report quarterly results on Wednesday, while smaller rival Livent is scheduled for Tuesday. ($1 = 7.3133 Chinese yuan renminbi)Reporting by Arunima Kumar in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Ivan Alvarado, Raymond James, Pavel Molchanov, Overcapacity, Jefferies, Laurence Alexander, Piper Sandler, Charles Neivert, Kyle Winborne, Arunima Kumar, Krishna Chandra Organizations: REUTERS, Albemarle Corp, EV, Reuters, Reuters Graphics, Thomson Locations: Albemarle, Antofagasta region, Chile, oversupplied, China, Livent, Bengaluru

☆ Exxon-Pioneer deal is 'one for the record books,' says wealth management firm
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon-Pioneer deal is 'one for the record books,' says wealth management firmPavel Molchanov, managing director at wealth management firm Raymond James, says the $60 billion Exxon-Pioneer deal is the largest oil and gas merger since a decade ago.

Persons: Pavel Molchanov, Raymond James Organizations: Exxon, Pioneer

☆ It's a tough time for clean energy stocks right now, but Raymond James says one name can buck the downtrend
▼ + stars: | 2023-10-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Clean Energy Fuel 's venture into dairy-based renewable natural gas might just be its saving grace in an industry highly sensitive to interest rates, according to Raymond James. The firm upgraded shares of the renewable energy company to strong buy from outperform, lifting its target price to $6. Clean Energy Fuels is down 25% so far this year as a range of worries drag renewable energy stocks. Year to date, the Invesco WilderHill Clean Energy ETF (PBW) is down over 23%, while the broader S & P 500 has gained over 10%. "We believe that once the Treasury unveils the rules, and investors can straightforward factor in Section 45Z into estimates for 2025 and beyond, Clean Energy shares should re-rate meaningfully higher," he added.

Persons: Raymond James, Pavel Molchanov, Molchanov, — CNBC's Michael Bloom Organizations: Energy, Energy Fuels, Clean Energy, Treasury Department, Treasury Locations: Monday's

[1/2] A view of burned debris after wildfires devastated the historic town of Lahaina, Maui, Hawaii, U.S., August 10, 2023. Maui County sued Hawaiian Electric last week, accusing the utility of negligently failing to shut off power and causing the devastating fires that destroyed the coastal town of Lahaina and killed more than 114 people. "We were surprised and disappointed that the County of Maui rushed to court even before completing its own investigation," CEO Shelee Kimura said in a statement. Even with Monday's rally, shares are still down more than 60% since the wildfires started on Aug. 8. "To the extent HECO (Hawaiian Electric Co) has information of a second ignition source, HECO should offer that evidence now.

Persons: Shelee Kimura, HECO, John Fiske, Raymond James, Pavel Molchanov, Arunima Kumar, Mrinalika Roy, Louise Heavens, Mark Potter, Maju Samuel, Shounak Organizations: Hawai'i Department of Land, Natural Resources, REUTERS, Hawaiian Electric Industries, Hawaiian Electric, Electric, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Maui County, West Maui, Bengaluru

☆ Enphase Energy sees revenue below estimates on weak U.S. demand, shares fall
▼ + stars: | 2023-07-27 | by ( Tanay Dhumal | ) www.reuters.com time to read: +2 min

July 26 (Reuters) - Solar inverter maker Enphase Energy (ENPH.O) forecast third-quarter revenue below Wall Street estimates on weak demand in the United States, sending its shares down 13.4% in extended trading on Thursday. U.S. demand growth has been tepid as cheaper electricity prices in states like Texas and Arizona make the economics of residential solar less attractive. In the U.S., the solar market has also taken a hit from the Federal Reserve's aggressive tightening that has increased borrowing costs for consumers. The coastal state accounts for nearly a third of the U.S. residential solar market. Enphase reported an adjusted profit of $1.47 per share for the quarter ended June 30, beating estimates of $1.25.

Persons: Raymond James, Pavel Molchanov, Enphase, Tanay, Pooja Desai Organizations: Enphase Energy, Wall, SolarEdge Technologies, Thomson Locations: United States, Texas, Arizona, U.S, Europe, California, Bengaluru

The deal builds out Exxon's plan to develop an emerging market that makes money from reducing its own and others' greenhouse gases. Carbon sequestration is the favored strategy for U.S. oil and gas companies to reduce emissions while continuing to expand oil and gas production. Last year, Exxon struck its first commercial carbon storage deal with top ammonia maker CF Industries. The Denbury deal "reflects our determination to profitably grow our low carbon solutions business," Exxon CEO Darren Woods said in a statement. The all-stock transaction represents a 1.9% premium to Denbury's Tuesday close at 0.84 Exxon shares for each Denbury share.

Persons: Raymond James, Pavel Molchanov, Denbury, Darren Woods, Sabrina Valle, Arathy, Arunima Kumar, Savio D'Souza, Shilpi Majumdar, Conor Humphries Organizations: Denbury, Exxon Mobil Corp, Denbury Inc, Exxon, Linde AG, CF Industries, Carbon Solutions, Thomson Locations: HOUSTON, Plano , Texas, U.S, Texas, Alabama, Houston, Bengaluru

☆ SunPower shares can more than double after recent sell-off, Raymond James says
▼ + stars: | 2023-07-12 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to buy the recent weakness in SunPower , Raymond James said. SPWR 1D mountain SunPower shares 1-day SunPower shares are down by more than 45% this year, a sell-off that the analyst views as "excessive." The sell-off is driven in part by the firm's exposure to California, which earlier this year passed NEM 3.0. That points to further growth for residential solar ahead. Thus, we look at the recent underperformance in SunPower shares as a buying opportunity."

Persons: Raymond James, Pavel Molchanov, Molchanov, SunPower, Michael Bloom Locations: SunPower, California, U.S, Germany, Australia

☆ Stocks making the biggest moves midday: Domino's Pizza, DraftKings, Lucid, SunPower and more
▼ + stars: | 2023-07-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The agreement has the potential to add incremental orders from Uber Eats to 70% of Domino's stores, the company said. DraftKings — Shares of the sports betting app rallied about 5% following an upgrade to buy by analysts at Bank of America. Bank stocks — Bank stocks jumped after consumer prices came in lighter than expected. SunPower — Shares jumped 9.4% after the solar power company was upgraded by Raymond James to strong buy from outperform. Beyond Meat shares added 4% in the previous session.

Persons: Uber, DraftKings, it's, Lazard, Jefferies, Morgan Stanley, Goldman Sachs, KeyCorp, Lucid, FactSet, Raymond James, Pavel Molchanov, Stellantis, Holley, JPMorgan, Yun Li, Alex Harring, Samantha Subin, Michael Bloom Organizations: Domino's, Bank of America, TV, Jefferies, Bank, — Bank, Citigroup, Goldman, Comerica, Acadia Healthcare, Holley Inc, —, JPMorgan Chase Locations: Zions, U.S, New Mexico, Acadia

☆ Wall Street analysts say these stocks have more room to run through the rest of 2023
▼ + stars: | 2023-05-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

CNBC Pro combed through top Wall Street research to find stocks to buy for the rest of 2023. Fastly "Fastly is laying the foundation for long-term success," according to Bank of America analyst Tal Liani. "We view this as a positive inflection point which should remove the negative narrative of AWS' Gen-AI market position vs. peers," Lee said. ConocoPhillips - Goldman Sachs, buy rating "Stay Buy with Conoco our top pick among the Big 3 US majors for 2H2023. … We view this as a positive inflection point which should remove the negative narrative of AWS' Gen-AI market position vs.

☆ Enphase Energy second-quarter revenue forecast disappoints, shares fall
▼ + stars: | 2023-04-25 | by ( Arshreet Singh | ) www.reuters.com time to read: +2 min

Companies Enphase Energy Inc FollowApril 25 (Reuters) - Enphase Energy Inc (ENPH.O) reported market-beating profit in the first quarter on strong sales in Europe, but forecast second-quarter revenue below Wall Street expectations, sending its shares down as much as 17% in extended trading on Tuesday. The company expects second-quarter revenue between $700 million and $750 million, below analysts' estimate of $773 million, according to Refinitiv data. Enphase in February had expected first-quarter revenue in the range of $700 million to $740 million. Raymond James' Molchanov sees revenue growing in the second half of the year with the second quarter remaining flat. The company in March said shipments of its microinverters from Romania are expected to begin in the second quarter of this year.

☆ These are the countries that will be 'most hit' if oil prices reach $100
▼ + stars: | 2023-04-06 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

The Esso Fawley Oil Refinery, operated by Exxon Mobil, stands in Fawley, U.K., on Thursday, May 14, 2020. The surprise output cut by OPEC and its allies sent oil prices rallying — and analysts say major oil importers like India, Japan and South Korea will feel the most pain if prices hit $100 per barrel, as some have predicted. On Sunday, OPEC+ announced a production cut of 1.16 million barrels per day, in a move that oil markets were not expecting. "It's a tax on every oil importing economy," said Pavel Molchanov, managing director of private investment bank Raymond James. The voluntary cuts by countries in the oil cartel are set to start in May and last till the end of 2023.

Raymond James says there's a "textbook buy-on-the-dip opportunity" for shares of Clean Energy Fuels — it could be a volatile ride for investors. The firm upgraded Clean Energy to outperform from market perform. It set a price target of $6 per share, which implies 42.8% upside from Wednesday's close price. Analyst Pavel Molchanov thinks the renewable energy company could see gains as natural gas fuels, including those derived from biogas, play a role in the decarbonization of fleets. Shares of Clean Energy were up 3.3% before the bell Wednesday.

☆ Oil production: Saudi Arabia is 100% 'pragmatic and cynical,' analyst says
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil production: Saudi Arabia is 100% 'pragmatic and cynical,' analyst saysPavel Molchanov of Raymond James says if Saudi Arabia needs to cooperate with the Kremlin to maximize its revenues and economic well-being, "that is precisely what the powers that be in Riyadh will do."

☆ Goldman sees a 'meaningful ramp-up' in solar ahead and gives the best ways to play it
▼ + stars: | 2023-03-29 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

The Inflation Reduction Act's tax credits will likely prompt surging demand for solar power in the U.S., according to Goldman Sachs. The law included a 30% credit toward the installation of solar panels or other equipment that harnesses renewable energy. Because of this, he recommends solar stocks that broadly play to supply chain diversification and onshoring trends while also having strong business fundamentals. First Solar , meanwhile, should specifically benefit from the push to expand domestic renewable energy capacity, Singer said. While the stock has surged more than 40% since 2023 began, analysts expect shares to slip 1.3% over the next year.

☆ This week's best performers include Regeneron and these two solar stocks
▼ + stars: | 2023-03-24 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Solar stocks Enphase and SolarEdge were also among the best performing stocks as investors continued weighing how the Inflation Reduction Act could boost solar companies. The average price target on the stock implies upside of 49.3% over the next 12 months. The stock's average price target implies it could rally 29.5%. Around three-fifths of analysts rate the stock a buy with a price target that implies a potential 16.7% rally. Technology stocks made up the majority of the list this week as investors bet growth stocks could benefit in an environment with lower interest rates.

☆ Raymond James says this sold-off solar stock could be due for a comeback
▼ + stars: | 2023-03-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Beat-down Enphase is worth buying as its European business becomes a larger tailwind, according to Raymond James. Analyst Pavel Molchanov upgraded the solar stock to outperform from market perform. He set a price target of $225, implying the stock could rally 22.5% from where it closed Friday. By comparison, he said many clean technology stocks have price-to-earnings multiple that fall somewhere between 20x and 30x. Europe made up 19% on Enphase's sales, up from 14% in 2021, and is expected to surpass 25% this year.

☆ Solar firms Sunnova and Sunrun shed light on exposure to Silicon Valley Bank
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

March 10 (Reuters) - Residential solar companies Sunrun Inc (RUN.O) and Sunnova Energy (NOVA.N) on Friday disclosed their exposure to SVB Financial Group (SIVB.O), which has been closed down by California banking regulators. Sunrun stated SVB was one of the lenders in two of its credit facilities, but said it was less than 15% of its total hedging facilities and does not anticipate significant exposure. Sunrun has cash deposits with SVB totaling nearly $80 million, while SVB's undrawn commitment in the non-recourse senior aggregation warehouse facility is about $40 million. Sunnova also views its exposure to SVB as negligible since it does not hold cash deposits or securities with the financial group. California banking regulators closed startup-focused lender SVB on Friday, which does business as Silicon Valley Bank, making it the largest bank failure since the 2008 financial crisis.

☆ In a water-scarce world, the Xylem-Evoqua deal makes sense. Why some think it's too expensive
▼ + stars: | 2023-01-23 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +5 min

Evoqua shareholders will receive 0.480 Xylem shares, or about $52.89, for each one they own. That's a 29% premium to where Evoqua shares closed on Friday. Evoqua shares jumped 14% on the news, but Xylem shareholders are balking at what they see as a pricey deal. XYL 1Y mountain Xylem shares sell off in the wake of Evoqua deal That's one of problems Raymond James analyst Pavel Molchanov raised. Trading in Evoqua shares doesn't appear to indicate expectations of a competing bid surfacing, and some analysts have said they didn't expect one,.

☆ Raymond James sees clean energy stocks jumping 30% to 40% in 2023. Here are some favorite picks
▼ + stars: | 2023-01-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The new year should bring a boost to clean energy stocks, according to Raymond James. Demand drivers vary around the world, but there is strength everywhere," Molchanov wrote. With that in mind, he upgraded two clean energy companies: Chart Industries to strong buy from market perform, and Maxeon Solar Technologies to outperform from market perform. Chart Industries joins names such as Bloom Energy and FTC Solar on Raymond James' strong buy list. The firm also upgraded NextEra Energy to market perform from underperform, but noted it is not enthusiastic about the stock at these levels.

☆ EU's gas price cap isn't a sustainable solution, analyst says
▼ + stars: | 2022-12-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU's gas price cap isn't a sustainable solution, analyst saysPavel Molchanov of Raymond James says "the solution for Europe will be to diversify its energy mix away from imported fossil fuels."

☆ The EU agreed to limit gas prices, but some analysts are skeptical
▼ + stars: | 2022-12-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +6 min

Pipes run along a technical facility for compressing natural gas on the site of astora GmbH's Rehden natural gas storage facility, the largest in Western Europe. He flagged that it could disrupt the European energy market, risk security of supply and have wider financial implications. Analysts told CNBC that these conditions called into question the ability of the mechanism to limit energy price rises. Around 70% of liquefied natural gas (LNG) is tied up in long-term contracts, leaving 30% available on a spot basis. "As it stands, about 20% of Europe's electricity comes from natural gas, 10% comes from coal.

☆ Carmakers fighting for battery supply need ways to track EV ingredients. A new kind of 'passport' could be the answer.
▼ + stars: | 2022-11-25 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

A "battery passport" that traces everything from a battery's mining to recycling could help. Experts say using the battery passport could separate auto-industry winners from losers. That challenge could be alleviated by the "battery passport," a new way of documenting where all the bits of a battery come from and where they're going. In Europe, newer regulations have increased scrutiny of battery sustainability and safety. The battery passport could make it easier to get through them.

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