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Top related persons:
Bill Peterson - 1 Peterson - 1 Biden - 1 — CNBC's Michael Bloom - 1
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Wednesday's company's Georgia
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JPMorgan - 1 U.S . Department of - 1 Treasury - 1 U.S . Department of Energy - 1

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3 mentions found


☆ JPMorgan says this struggling clean energy play may have finally bottomed, sees nearly 60% upside
  + stars: | 2023-10-12 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
Hydrogen fuel cell company Plug Power is on pace for meaningful upside with several near-term catalysts ahead, according to JPMorgan. Analyst Bill Peterson added Plug Power to its positive catalyst watch list for the near term in a Thursday note, in addition to reiterating its overweight rating on the stock. Plug Power lowered its 2023 revenue forecast to account for a disappointing third quarter, but Peterson said he had anticipated this would occur. On Friday, the Biden administration is expected to announce $7 billion in hydrogen hub grants, from which Peterson thinks Plug Power is well-positioned to benefit. Plug Power could see further tailwinds from a positive resolution with the U.S. Department of the Treasury on the Inflation Reduction Act's clean hydrogen production tax credits.
Persons: Bill Peterson, Peterson, Biden, — CNBC's Michael Bloom Organizations: JPMorgan, U.S . Department of, Treasury, U.S . Department of Energy Locations: Wednesday's, company's Georgia
☆ Baird's three favorite plays on the future of energy and mobility going into earnings season
  + stars: | 2023-04-17 | by ( Alex Harring | ) www.cnbc.com   time to read: +5 min
Here are three that made the list: Tesla: The favorite Kallo called electric vehicle maker Tesla his favorite pick in the sector. TSLA YTD mountain Tesla Rivian: The long-term play Competitor Rivian , meanwhile, is a smart long-term play, Kallo said. On the other hand, he lowered his price target and estimates for 2024 deliveries to reflect a more conservative ramp-up. RIVN YTD mountain Rivian Wallbox: The non-vehicle pick Wallbox , which makes charging stations and technology, is another stock Kallo deems worth holding. That $11 price target would still be 32.6% lower than where the stock ended 2021.
☆ Dollar General hit by more worker safety fines at Florida, Alabama stores
  + stars: | 2023-01-26 | by ( Noah Sheidlower | ) www.cnbc.com   time to read: +2 min
Dollar General has been hit with more fines for worker safety violations, this time for issues at three Southeast stores amounting to $387,000, the Department of Labor said Thursday. Dollar General did not immediately respond to a request for comment. In the past 11 months, dozens of similar violations were identified at 19 stores in Alabama, Florida and Georgia, the agency said. In August, Dollar General was hit with nearly $1.3 million in fines for similar violations at three of the company's Georgia locations. In August, rival Dollar Tree was also fined $1.2 million by OSHA for worker safety violations.
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