GE Vernova Upgraded to Buy as Jefferies Sees Stronger Outlook
Jefferies upgrades GE Vernova to Buy, raises price target to $815, citing strong gas turbine pricing and long-term power services growth.
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#Energy & Utilities↓
Trump Media Merges with Google-Backed Fusion Energy Firm in $6B Deal
Trump Media & Technology Group announces major merger with TAE Technologies to build America's first utility-scale fusion power plant by 2026.
Data Centers Drive Electricity Prices to Record Highs in 13-State Region
PJM's electricity auction hits record $333.44/MW-day as data center demand outpaces supply, threatening higher bills for 65 million consumers across 13 states.
Shell Decides Against Buying BP Amid Strategic Concerns
Shell leadership rejected an internal plan to buy BP in 2025, choosing shareholder returns over a complex mega-merger despite BP’s earlier struggles.
Fermi Shares Crash After Losing $150M Funding Deal
Fermi's stock plummeted 35% Friday after a potential tenant terminated a $150 million funding agreement for its Texas data center project, raising concerns for the newly public company.
Seaport Research Turns Bullish on Oklo with $150 Target
Seaport Research upgrades Oklo to Buy with a $150 price target, citing strong Q3 updates and projected 2032 EBITDA of $1.59B.