Burning coal used to be the primary way power companies generated the electricity needed to cool homes, run factories and brighten streets. But US electricity production is changing dramatically, as companies rely more on natural gas and renewable energy sources.
“I don’t think coal is the future. I really don’t,” Geisha Williams, CEO of PG&E Corp., tells CNN’s Poppy Harlow in a new episode of Boss Files. “I think coal played an important role. I don’t believe it’s economical. It’s certainly not as clean.”
Natural gas is cheaper and cleaner, she says. That’s why PG&E (PCG), which is California’s largest utility, now has three natural gas power plants and zero coal plants, Williams told Harlow.
The $30 billion firm, which employs some 20,000 employees, once used coal to generate electricity. But now it delivers some of the nation’s cleanest power using natural gas and renewable energy sources, such as wind, solar and geothermal energy. Nearly 70% of PG&E’s electricity comes from sources that are greenhouse-gas free.
Best Energy Stocks For 2019: CrossAmerica Partners LP(CAPL)
- [By Ethan Ryder]
Get a free copy of the Zacks research report on CrossAmerica Partners (CAPL)
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- [By Ethan Ryder]
CrossAmerica Partners (NYSE:CAPL) – Research analysts at Jefferies Group reduced their FY2018 earnings estimates for CrossAmerica Partners in a research note issued to investors on Wednesday, May 9th. Jefferies Group analyst C. Mandeville now forecasts that the oil and gas company will earn $0.24 per share for the year, down from their previous forecast of $0.32. Jefferies Group currently has a “Buy” rating and a $28.00 target price on the stock. Jefferies Group also issued estimates for CrossAmerica Partners’ Q1 2019 earnings at $0.07 EPS, Q2 2019 earnings at $0.13 EPS, Q4 2019 earnings at $0.14 EPS and FY2020 earnings at $0.42 EPS.
Best Energy Stocks For 2019: Norwegian Cruise Line Holdings Ltd.(NCLH)
- [By ]
TheStreet’s founder and Action Alerts PLUS Portfolio Manager Jim Cramer said Norwegian Cruise Line (NCLH) is a bargain for millennials.
Cramer interviewed CEO Frank Del Rio on Thursday’s edition of CNBC’s Mad Money.
- [By ]
For his “Executive Decision” segment, Cramer sat down with Frank Del Rio, president and CEO of Norwegian Cruise Line Holdings (NCLH) , aboard the company’s newest ship, Norwegian Bliss.
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That type of reaction is a bearish signal. What’s not bearish: the CEOs of Carnival Corp. (CCL) and Norwegian Cruise Line (NCLH) telling TheStreet they see no signs of recession anywhere in their business, and don’t understand why their stocks are being penalized.
- [By ]
TheStreet’s founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Friday’s trending market topics, including tariffs, jobs report, Fluor (FLR) and Norwegian Cruise Line (NCLH) .
Best Energy Stocks For 2019: FormFactor, Inc.(FORM)
- [By Lisa Levin]
Check out these big penny stock gainers and losers
World Fuel Services Corporation (NYSE: INT) tumbled 18 percent to $22.90 following Q1 results.
Biglari Holdings Inc. (NYSE: BH) fell 17.4 percent to $349.52. Washington Prime Group will replace Biglari Holdings in the S&P SmallCap 600 on Tuesday, May 1.
Flex Ltd. (NASDAQ: FLEX) dipped 15.7 percent to $14.03 after a mixed fourth quarter report.
FormFactor, Inc. (NASDAQ: FORM) fell 15.3 percent to $11.65. FormFactor is expected to release Q1 results on May 2.
Data I/O Corporation (NASDAQ: DAIO) dropped 14.3 percent to $6.24 following Q1 results.
National Instruments Corporation (NASDAQ: NATI) fell 14.3 percent to $ 42.34 after reporting Q1 results.
United States Steel Corporation (NYSE: X) dipped 14.2 percent to $32.37 following Q1 results.
Civeo Corporation (NYSE: CVEO) dropped 13.5 percent to $3.33. Civeo posted a Q1 loss of $0.42 per share on sales of $101.504 million.
athenahealth, Inc. (NASDAQ: ATHN) fell 12.4 percent to $125.310 after reporting Q1 results.
Charter Communications, Inc. (NASDAQ: CHTR) shares tumbled 12.1 percent to $262.06 as the company posted Q1 results.
Value Line, Inc. (NASDAQ: VALU) fell 11.3 percent to $19.10.
Federated Investors, Inc. (NYSE: FII) shares dropped 11.2 percent to $27.605 after the company posted downbeat quarterly earnings.
AV Homes, Inc. (NASDAQ: AVHI) declined 10.7 percent to $17.20 following Q1 results.
CalAmp Corp. (NASDAQ: CAMP) dropped 9.4 percent to $21.01 after reporting Q4 results.
Tandem Diabetes Care, Inc. (NASDAQ: TNDM) shares fell 8.9 percent to $7.280 following mixed Q1 results.
Sony Corporation (NYSE: SNE) shares fell 8.4 percent to $45.97 after reporting Q4 results.
LogMeIn Inc (NASDAQ: LOGM) fell 8.2 percent to $109.825. LogMeIn reported upbeat earnings for its first quarter, but issued weak second quarter and FY18 earning guidance.
Eleven Biotherapeutics, Inc. (NASDAQ: EBIO