Financial News

Page 144 of 208

Norwegian Energy Giant Equinor Plans to Halve Scatec Stake

Equinor (EQNR.OL) is considering selling an 8.1% stake in Scatec (SCATC.OL) through an accelerated bookbuild process, according to a Monday release.The Norwegian energy giant will sell the 12.9 million placing shares to eligible institutional and other professional investors, with pricing scheduled for Tuesday and settlement to follow a normal delivery-versus-payment basis.Norwegian solar power producer Scatec will not receive any net proceeds from the transaction. Equinor, meanwhile, will retain a shareholding of 12.9 million shares after the placing completes.

$EQNR.OL$SCATC.OL

Australia6d ago

Jefferies & Co Adjusts Martin Marietta Materials Price Target to $745 From $785, Maintains Buy Rating

Martin Marietta Materials (MLM) has an average rating of overweight and mean price target of $708.09, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $621.09, Change: $-10.44, Percent Change: -1.65%

$MLM

Commodities6d ago

CWP Energy Secures Financing for Major UK Wind Farm Project

Developer CWP Energy said Monday that it has secured a loan to finance the Sanquhar II wind farm after winning a government-backed contract for difference in the UK's latest renewable energy auction round.The project, now under construction in southern Scotland, will feature 44 Vestas EnVentus turbines and is to rank as the UK's fourth-largest onshore wind farm.Germany-based KfW IPEX-Bank led the 400 million British pound ($538 million) financing. Commerzbank and Helaba joined during syndication, forming a lending group to support the company's future expansion.The project is expected to generate enough electricity to power about 335,000 homes annually while cutting over 540,000 metric tons of carbon emissions each year, contributing to the UK's net-zero and energy security targets.FairWind has reportedly secured a contract from Vestas to deliver the full installation scope for the project, which is an extension of the existing Sanquhar onshore wind farm.It is expected to begin operations in 2027 and, once fully operational, is to generate about 1.2 terawatt hours of electricity annually, trade publication Windtech International said in January.

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Financial News

Norwegian Energy Giant Equinor Plans to Halve Scatec Stake

Jefferies & Co Adjusts Martin Marietta Materials Price Target to $745 From $785, Maintains Buy Rating

CWP Energy Secures Financing for Major UK Wind Farm Project

Norwegian Energy Giant Equinor Plans to Halve Scatec Stake

Jefferies & Co Adjusts Martin Marietta Materials Price Target to $745 From $785, Maintains Buy Rating

CWP Energy Secures Financing for Major UK Wind Farm Project

Autonomous Research Cuts Price Target on T. Rowe Price Group to $79 From $83, Maintains Underperform Rating

BTIG Research Adjusts Boston Scientific Price Target to $90 From $110, Maintains Buy Rating

Blackstone Said to Mull Joint Bid With I Squared for Stroer Unit, Bloomberg Reports

BTIG Research Adjusts Edwards Lifesciences Price Target to $98 From $103, Maintains Buy Rating

Evercore ISI Adjusts Lennar Price Target to $82 From $89, Maintains Underperform Rating

Evercore ISI Adjusts Extra Space Storage Price Target to $149 From $150, Maintains In Line Rating

Autonomous Research Adjusts Price Target on Franklin Resources to $24 From $25, Maintains Underperform Rating

Autonomous Research Adjusts Price Target on Invesco to $25 From $28, Maintains Neutral Rating

Evercore ISI Adjusts Public Storage PT to $309 From $311, Maintains In Line Rating

Autonomous Research Adjusts Price Target on BlackRock to $1,225 From $1,286, Maintains Outperform Rating

Evercore ISI Adjusts D.R. Horton PT to $153 From $169, Maintains In Line Rating

RBC on OpenText's Preliminary Q3 Revenue

Microsoft, Salesforce Recent Sell-Offs Disconnected From Emerging AI Monetization Opportunities, Wedbush Says

Supreme Critical Metals Announces Name Change to Maverick Gold and Silver Corporation

Update: Market Chatter: Exxon Mobil Plans Overhauls at Beaumont, Texas Refinery

IBM Likely to Report In-Line Q1 Results With Revenue Contribution From Early Confluent Deal Close, BofA Says

FIGS' Outperformance Reflected in Soaring Stock Price, Morgan Stanley Says