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☆ Truist says this power generator builder can rally more than 40%
▼ + stars: | 2023-08-04 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Generator supplier Generac is primed for major gains ahead, according to Truist. The firm upgraded the stock to buy from hold on Friday. GNRC 5D mountain Generac this week But analyst Jordan Levy said investors shouldn't shy away from the stock. The analyst also pointed to potential upside compared to the firm's 2024 forecasts for growth thanks to pent up demand for home standby generators. Investment firm Janney also upgraded Generac to buy on Friday, citing improvements in free cash flow generation, an attractive valuation and potential upside from an analyst day in September.

Persons: Jordan Levy, Levy, Janney, — CNBC's Michael Bloom Organizations: Investment Locations: Thursday's

☆ Texans are staying inside during record heat — and the state's economy could take a $9.5 billion hit from reduced business
▼ + stars: | 2023-07-29 | by ( Eliza Relman | Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

In Texas, that could mean a $9.5 billion hit to the state's GDP if the extreme heat continues. As extreme heat grips much of the US this summer and the Earth records its hottest month on record, people are staying inside. Pardue told Insider he was surprised at the magnitude of the decline in hours worked as a result of extreme heat. "And then we're seeing, long term, this opposite shift, where during the summer, there's all this extreme heat." Are you staying home or working fewer hours because of extreme heat?

Persons: —, Luke Pardue, Pardue, we've, Ray Perryman, Jonathan Horowitz, Andreas Flouris Organizations: Service, Workers, Wall Street, Buffalo Bayou Brewing, Nationwide, The National Energy Assistance, Association, Research, University of Thessaly, New York Times, Nature Conservancy, Phoenix, Louisiana Department of Health, erelman Locations: Texas, Houston, Greece, Arizona, New Orleans

☆ We can’t air-condition our way out of America’s heat crisis
▼ + stars: | 2023-07-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

New York CNN —Extreme heat in the summer has become America’s brutal new reality. It would also include building code changes that require multi-family homes provide cooling the same way they do heating. Heat waves and mirage create an impressionistic scene on Sierra Highway during a scorching day on Saturday, July 15, 2023. Cities are warmer than their surrounding areas, a phenomenon known as the urban heat island effect, and they need to be better designed to keep people cool, researchers say. They were designed 40 years ago when summer temperatures were much cooler,” Mark Wolfe said.

Persons: haven’t, ”, Mark Wolfe, hasn’t, ” Wolfe, Myung J, Chun, Rushad Nanavatty, National Weather Service hasn’t, Kelly Turner, “, Turner Organizations: New, New York CNN, National Energy Assistance, ’ Association, Southland, Los Angeles Times, RMI, Cool Coalition, United, US Department of Energy, Centers for Disease Control, Low Income, Energy Assistance, nonpayment, LIHEAP, CDC, National Weather Service, Solutions, UCLA, Environmental Protection Agency Locations: New York, Chicago, Los Angeles, United Nations, Washington, DC, Arizona, Maricopa, Yuma, York City, Miami, Dade County

☆ Morgan Stanley's top clean power picks including 2 stocks with 80% upside
▼ + stars: | 2023-07-20 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The U.S. clean energy landscape can gain favor as green electricity becomes more affordable — and Morgan Stanley sees stocks poised to benefit. In the U.S. and Asia specifically, solar, energy storage and green hydrogen will help bring an underappreciated cost deflation, he said. "With increased competitiveness over fossil fuels, clean power will metamorphose the electricity landscape, overtaking fossil-based generation by 2030." See which stocks are on the list below: Solar stock Sunnova made the cut, with Maheshwari's base case price target of $42 implying an upside of around 83%. There's no additional customer growth from the upcoming shift in green energy currently priced in, he said.

Persons: Morgan Stanley, Mayank Maheshwari, Maheshwari, There's, — CNBC's Michael Bloom Organizations: Energy, NOVA, New, Exxon Mobil, Chevron Locations: U.S, Asia, Chevron

☆ Amazon is inundated with shoppers desperately trying to cool off
▼ + stars: | 2023-07-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

On Amazon, sales of air conditioners increased 248% during the 30 days ending July 14, according to data from Jungle Scout, a data and analytics platform for Amazon sellers. Searches on Amazon for “single room AC units” and “portable misting fans” also spiked triple digits during the period, according to Jungle Scout. On Wednesday morning, a sun shade for car windshields was listed as the best-selling product on Amazon’s automotive page. In the Northeast, where the wildfire smoke was worst, air purifier sales jumped 119% in June. The cost of home energy bills this summer will increase by 11.7% to an average of $578, up from $517 last summer, according to the National Energy Assistance Directors Association.

Persons: ”, windshields Organizations: New, New York CNN, Scout, National Energy Assistance, Association, Louisiana — Locations: New York, United States, East Coast, Circana, Texas, Louisiana

☆ Today's vision for the homes of tomorrow
▼ + stars: | 2023-07-18 | by ( Sponsor Post | Created Insider Studios With Schneider Electric | ) www.businessinsider.com time to read: +9 min

The impact of the climate crisis is now affecting people every day, with record temperatures seen globally and extreme weather events becoming increasingly common. Florent Berard, Schneider ElectricThe stakes could not be higher, Berard said, as the world is at an "inflection point." To mitigate the worst effects of the climate crisis, Berard said it's important to look at how we drive the right behaviors. Visualized on a smartphone, the intelligent panel provides invaluable insights into a home's real-time energy consumption. This means a net-zero built environment must be a marriage of the past and present, combining sustainable design and sensitive retrofits with smart digital solutions.

Persons: Florent Berard, it's, Schneider, Berard, —, It's, Schneider Electric's Organizations: Deloitte, Schneider, Distribution, EU, Home Energy Management Solutions, Schneider Electric, Insider Studios Locations: Ukraine

☆ Power shutoffs: Sweltering Americans have fewer protections this summer
▼ + stars: | 2023-07-11 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

Despite the growing concern of heat-related illnesses and climate change, people have far fewer protections from power shutoffs during the summer than they do in the winter. The Low Income Home Energy Assistance Program, known as LIHEAP, has about $6 billion in funds for fiscal 2023, which runs through September. The association is calling on Congress to provide an additional $3 billion for cooling assistance this summer, which would help about 6 million households. And it is asking utilities to voluntarily suspend shutoffs this summer for those behind on their bills. Florida Power & Light, for instance, has a longstanding policy that it won’t disconnect customers if it’s 95 degrees or higher.

Persons: David Konisky, ”, Konisky, Mark Wolfe, That’s, Wolfe, it’s, Bianca Soriano, Soriano Organizations: New, New York CNN, National Weather Service, Center for Energy, National Energy Assistance, Association, Energy, Indiana University, Centers for Disease Control, Income, Energy Assistance, Lawmakers, US Energy Information Administration, Louisiana —, Florida, Customers Locations: New York, United States, Washington, DC, Delaware, Nevada, Colorado , Missouri, New Jersey, Texas, Louisiana, Florida

☆ Tesla settles class action Solar Roof lawsuit for $6 million
▼ + stars: | 2023-07-11 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Tesla agreed to pay just over $6 million to settle a class action lawsuit brought by customers who faced sudden Solar Roof price hikes in 2021 after agreeing to have the systems installed at their homes. The Tesla Solar Roof was formerly known as Tesla "solarglass." A lead plaintiff in the class action, Matthew Amans, saw his solar roof price increase from around $72,000 in his original contract to around $146,000 per court filings. Tesla completed 1,656 Solar Roof contracts at the original price quoted to customers, according to the filing, with another 57 customers slated for Solar Roof installations at the original price as of the end of June. Read the full settlement terms from the class action lawsuit (Amans v. Tesla, Inc. 3:21-cv-03577) here:

Persons: Tesla, Elon Musk, Tesla's, Matthew Amans, Wood Mackenzie Organizations: CNBC, Tesla Energy Locations: U.S, San Francisco

☆ When you come up short one month, here's how to prioritze which bills to pay first
▼ + stars: | 2023-06-06 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

The last thing you need is to have what is most essential to you taken away or to ruin your credit. For starters, speak upThe most important thing you should do is let your creditors know you’re in a jam. Then think about your credit cards: These shouldn’t be your highest-priority bills to pay when you’re up against a wall. If you are late with a payment, call your credit card issuer to see if they can waive the late fee, Robertson said. The initial review is typically free, and beyond that someone using ongoing counseling services may pay $35 to $40 a month on average, McClary said.

Persons: you’ve, ”, Bruce McClary, McClary, you’re, Linda Robertson, ” Robertson, “, Robertson Organizations: New, New York CNN, National Foundation, Credit Counseling, Energy Assistance, Housing Locations: New York

☆ The homeowner basics of financing solar power for residential real estate
▼ + stars: | 2023-05-21 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +11 min

There are a host of complicated issues in the solar market, including some contentious politics. Last year, the growth of residential solar in the U.S. boomed. It won't repeat that in 2023, but will remain a large part of the solar market. Ohio, for example, has a state program that offers a reduced rate on a solar loan with certain lenders. GoodLeap (26% of the residential solar market) was No.

☆ Column: World can't afford US-style home energy consumption habits
▼ + stars: | 2023-05-19 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

HOMES RULEA key driver behind America's outsized electricity consumption is the preference for single family homes over all other types of residences. For many in the United States, owning your own home is a key part of the so-called American Dream. According to the EIA's latest Residential Energy Consumption Survey 57% of electricity used by detached households is used for space heating, and 64% for air conditioning. OTHER WAYS OF LIVINGThe United States is not alone in facing rising living costs while trying to improve the efficiencies of buildings. Similarly, a vast majority of China's population lives in apartments, and apartments are more popular than individual houses in the cities of India, Japan and Southeast Asia.

☆ 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.

☆ How green mortgages can help finance an energy-efficient home and save money
▼ + stars: | 2023-04-08 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +3 min

For many potential homebuyers, a green mortgage could be a good idea, especially as incentives for energy-efficiency upgrades increase and costs of new climate technology are coming down. A green mortgage — also known as an energy-efficient mortgage — is different than a conventional mortgage in that it allows borrowers to finance certain green improvements at the same rate and terms as their home purchase. How energy upgrades are rolled into a housing loanIf the home you're considering needs various energy-efficient upgrades, as many houses do, it pays to see what a green mortgage can offer. With an energy-efficient mortgage, homebuyers can finance these types of improvements on better terms. The Inflation Reduction Act and home improvementsThe Inflation Reduction Act — an expansive climate-protection effort by the federal government — makes green improvements even more advantageous for would-be homebuyers.

☆ Ovo Energy plans takeover of Shell gas and electricity arm
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: +1 min

Ovo Energy is planning a takeover of Shell Plc 's UK gas and electricity business, a move that would allow the British retail energy supplier to reclaim the No. Ovo is expected to propose an indicative offer for Shell Energy Retail Ltd's UK operation, the report added, citing sources. Shell Energy Retail has about 1.4 million customers. Retail energy suppliers in Europe have struggled over the past year with soaring wholesale prices forcing governments to shield consumers from rising bills. This would put Ovo ahead of Octopus Energy, currently the UK's second-largest supplier, which has nearly 5 million household customers after its takeover of energy supplier Bulb.

☆ Canaccord Genuity upgrades Generac, says generator builder stock can surge nearly 30%
▼ + stars: | 2023-02-16 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Generac is heading in the right direction after a bout of underperformance, according to Canaccord Genuity. On Wednesday, Generac reported a beat for quarterly per-share earnings and issued better-than-expected revenue guidance for the year. GNRC 5D mountain GNRC jumped after earnings Gianarikas said that marked the end to a difficult year punctuated by a negative earnings preannouncement in October. Gianarikas said dealer growth is key to fixing inventory levels and getting the company back to revenue growth in the short term. But there's also room for the company to growth, he said, specifically within the clean energy space.

☆ Winter heating costs likely won't be as high as feared
▼ + stars: | 2023-01-30 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

New York CNN —Heating your home this winter likely won’t burn quite as big a hole in your wallet as initially forecast. Still, costs are up across the board compared to last winter — nearly 26% and 14.5% for heating oil and natural gas, respectively, and 10.5% and nearly 9% for electricity and propane, respectively. “You’re still paying more, but not as much more,” said Mark Wolfe, executive director of the National Energy Assistance Directors Association. Applications for the Low Income Home Energy Assistance Program are projected to reach their highest level in more a decade, Wolfe said. To help its residents cope with the high heating costs, Maine started sending $450 energy relief payments on Monday.

☆ Shell considers exiting UK, German, Dutch energy retail businesses
▼ + stars: | 2023-01-26 | by ( Ron Bousso | ) www.reuters.com time to read: +1 min

Companies Shell PLC FollowLONDON, Jan 26 (Reuters) - Shell (SHEL.L) has launched a strategic review of its home energy retail businesses in Britain, the Netherlands and Germany in the wake of "tough market conditions", it said on Thursday. European energy suppliers have struggled over the past year with soaring wholesale prices and efforts by governments to shield consumers from rising bills. No decision has been taken yet on the future of the businesses, Shell said. Shell injected nearly $1.5 billion in cash and credit into its British energy retail business in 2022 to help it weather huge volatility in power prices that caused the collapse of several rival UK utilities. Shell said its wholesale and business-to-business (B2B) energy supply businesses are not part of the strategic review, and neither are its home energy supply businesses in the United States and Australia.

☆ A flurry of environmental tax breaks just came into effect thanks to last year's climate bill. From solar to electric vehicles, here's how you could save thousands of dollars.
▼ + stars: | 2023-01-08 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

The bill includes tax credits for electric vehicles, solar panels, and home energy updates. At that price, the claimable tax credit would be $6,000. The tax credit for solar is set to last until 2032, at which point it will lower and then expire in 2035 unless Congress renews it. As of January 1, a household can claim a tax credit of up to $150 for an energy audit conducted by a professional inspector. Buying an electric vehicleIncentives to purchase new or used electric vehicles were also boosted in the new climate bill.

Its failure to pass a funding bill on time, which is becoming a norm, meant that the government had to function on temporary extensions of last year's funding levels, which Democrats and Republicans alike say poses threats to national security. House Republicans oppose the bill, arguing it is too bloated and was crafted in secrecy among top congressional leaders. The 4,155-page bill was passed on Thursday in the Senate on a bipartisan vote of 68-29. The legislation would provide the Defense Department with a record $858 billion, up from $740 billion last year. It is an investment in the global security and democracy that we handle in the most responsible way," Zelenskiy, told a joint meeting of Congress.

WASHINGTON, Dec 20 (Reuters) - Democrats and Republicans in the U.S. Congress were moving forward with a $1.66 trillion government funding bill, scrambling to pass a measure, which includes record military spending, before temporary funding runs out on Friday. The total funding proposed by the sweeping bill, released early on Tuesday, is up from the approximately $1.5 trillion the previous year. This money would be on top of the record $858 billion in military spending for the year, which is up from last year's $740 billion and also exceeds Biden's request. On the non-defense side of the ledger, the bill's negotiators have set funding at $800 billion, a $68 billion increase over the previous year. This was the second year in a row Congress included funding for hundreds of largely unrelated projects requested by individual lawmakers.

WASHINGTON, Dec 20 (Reuters) - Democrats and Republicans in the U.S. Congress were moving forward with a $1.66 trillion government funding bill, scrambling to pass the measure, which includes record military spending, before temporary funding runs out at the end of the week. The total funding proposed by the bill is up from the approximately $1.5 trillion appropriated the previous year. Democrats and Republicans alike had aimed to tuck as many legislative wish-list items as possible into the "omnibus" bill funding the government through the end of this fiscal year on Sept. 30, 2023, without derailing the whole package. Negotiators worked through the weekend to put the finishing touches on the bill, which still could be amended by the full House or Senate. Among the most significant add-ons is the bipartisan Electoral Count Act, which overhauls and clarifies Congress' certification process for presidential elections.

☆ Factbox: How governments are trying to ease impact of inflation
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +5 min

* Ecuador's president decreed a 6% minimum wage hike for next year. * Hungary's government and private-sector employers have agreed on a 16% minimum wage increase for next year. * Poland will cap electricity prices for small businesses, hospitals and households in 2023, and raise the minimum wage twice. * Tunisia's government in September signed a deal with a major labour union to raise public-sector pay and the minimum wage. * Turkey in July raised the minimum wage by about 30%, adding to the 50% rise seen at the end of last year.

☆ California invested an enormous amount of money into getting EVs on the road, but practically nothing when it comes to dealing with the waste: 'It's totally like the Wild West.'
▼ + stars: | 2022-12-11 | by ( Hanna Kang | ) www.businessinsider.com time to read: +13 min

"It's totally like the Wild West," said Zora Chung, co-founder of ReJoule, Inc., a startup project based in Signal Hill that is exploring repurposing used batteries from EVs. However, there are no EV battery recycling plants that exist in California, nor tried-and-true recycling programs in place to deal with the fallout. Currently, the company has used batteries deployed at the American Museum of Ceramic Art in Pomona, where solar panels feed electricity into the used battery storage units. Charging station for electric and hybrid cars using solar panels to generate electricity to charge car batteries. "Imagine if it just took you one full work week to qualify one used battery," Chung said.

☆ Energy crisis highlights need to broaden renewables' supply chain
▼ + stars: | 2022-12-01 | by ( Laila Kearney | ) www.reuters.com time to read: +4 min

[1/2] Enel CEO Francesco Starace speaks during the Reuters NEXT Newsmaker event in New York City, New York, U.S., December 1, 2022. REUTERS/Brendan McDermidNEW YORK, Dec 1 (Reuters) - The global energy crisis sparked by war in Ukraine has underscored how parts of the renewables supply chain might face similar struggles if not quickly diversified, energy executives told the Reuters NEXT conference this week. "Out of this crisis, you learn that there are many other things that might follow this same pattern," said Francesco Starace, CEO of Italy's Enel (ENEI.MI), speaking at the conference on Thursday in New York. Starace noted how solar panels are produced overwhelmingly in China, saying that, and the manufacture of other energy components critical to transitioning from fossil fuels, are potential problem areas. South Africa, the most industrialized country in Africa, will need to add more than 50,000 megawatts (MW) of new power generation capacity to help meet demand and stabilize its grid, Brian Dames, chief executive officer of African Rainbow Energy & Power, said at a Reuters NEXT panel on Wednesday.

☆ Home heating costs are on the rise but government assistance is running short
▼ + stars: | 2022-11-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +9 min

But temperatures are already dropping and the number of households seeking assistance is already on the rise, according to interviews with more than a half dozen officials involved in programs that provide heating assistance. Kelly said the Salvation Army in Massachusetts has received twice as many applications as it did this time last year for its winter heating assistance program, which is aimed at those whose incomes are too high to qualify for federal assistance. The cost of heating oil has been a particular concern for the Biden administration, said the government official. Heating oil and diesel inventories are at their lowest levels on record for this time of year. The administration is also prepared to tap into the Northeast Home Heating Oil Reserve, which has about 1 million barrels of heating oil, if necessary, the administration officials said.

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