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ERII News30 articles
Fervo Energy IPO Swells to $2.17B; Stock Faces First Full Week of Trading
Fervo Energy completed a $2.17B IPO after underwriters exercised their option, selling 80.5M shares at $27 each. FRVO closed Friday at $41.06, up 52% from the IPO price, and now faces its first full trading week.
Devon Energy Surges 4.76% After Coterra Merger Close, Eyes $50 Resistance
Devon Energy shares surged 4.76% to $49.49 Friday, outperforming peers after closing its Coterra merger and unveiling an $8 billion buyback. Oil prices climbed above $105, supporting the stock.
NextEra Energy Stock Drops on $400B Dominion Merger Report
NextEra Energy shares dropped 2.42% to $93.36 Friday following a report of potential merger talks with Dominion Energy that could value the combined entity at $400 billion.
Devon Energy Rises on Oil Price Surge and $8B Buyback Approval
Devon Energy shares climbed 4.76% on Friday to $49.49, buoyed by rising oil prices and an $8 billion buyback plan. The stock remains below its 52-week high of $52.71.
Ford Stock Retreats After AI-Driven Energy Storage Rally Fades
Ford shares dropped 7% Friday after a rally sparked by its new energy storage unit. The business targets data centers but hasn't shipped yet.
Atmos Energy Lifts Guidance, Boosts Dividend After Strong Q2
Atmos Energy lifted its fiscal 2026 earnings outlook to $8.40-$8.50 per share and hiked its quarterly dividend to $1.00, a 14.9% annual increase, driven by robust Q2 results and Texas expansion.
Oil Surges Past $109 on Hormuz Tensions; Energy Stocks Rally
Brent crude surged past $109 a barrel amid renewed geopolitical risks near the Strait of Hormuz, driving U.S. energy stocks sharply higher in early trading.
NANO Nuclear Energy Gains After $569M Cash Update and KRONOS Reactor Progress
NANO Nuclear Energy shares rose 2% to $27.54 after reporting $568.7 million in cash and progress on its KRONOS microreactor, with a narrowed quarterly net loss of $9.18 million.
Fervo Energy Shares Surge 35% in Nasdaq Debut Before Easing
Fervo Energy shares rallied 35% in their Nasdaq debut before easing to $35.55 premarket. The company raised $1.89 billion in an upsized IPO.
Eos Energy Unveils Cerberus-Backed Storage Venture as Q1 Revenue Surges 445%
Eos Energy Enterprises reported a 445% surge in Q1 revenue to $57 million and launched Frontier Power USA, a Cerberus-backed storage venture, while working toward profitability.
Ford Surges 13% as Energy Storage Unit Sparks Investor Interest
Ford shares jumped 13% on Wednesday, their best day in six years, after Morgan Stanley spotlighted the automaker's new energy storage business, Ford Energy.
Geothermal Developer Fervo Energy Soars 35% on Nasdaq Debut Amid AI-Driven Power Demand
Fervo Energy closed 35% above its IPO price in Nasdaq debut, valuing the geothermal firm at $10.36B, as AI power needs drive investor enthusiasm.
Fervo Energy Soars 33% in Nasdaq Debut; AI Infrastructure Stocks Surge
Fervo Energy jumped 33% in its Nasdaq debut, raising $1.89 billion. AI infrastructure stocks surged, but Wix and Dynatrace dropped on spending worries.
Ford Surges 8.5% as Morgan Stanley Highlights Energy Storage Unit's Potential
Ford shares surged 8.5% to $13.01 after Morgan Stanley flagged its CATL-licensed energy storage unit as a potential profit engine, with estimates of $500-$600 million annual EBIT.
Devon Energy's $58B Coterra Merger Faces Investor Scrutiny
Devon Energy closed its $58 billion all-stock merger with Coterra, launching an $8 billion buyback and higher dividend. Investors now watch for execution risks.
UK Households Face £7bn Energy Arrears as Debt Relief Stalls
UK household energy arrears are projected to hit £7 billion by year-end as a £500 million government relief scheme remains stuck in regulatory limbo, with British Gas alone seeing over £1 billion in unpaid bills.
Eos Energy Surges on Cerberus Deal, Q1 Revenue Beat
Eos Energy shares surged over 30% premarket after Q1 revenue jumped 445% to $57 million and the company unveiled a Cerberus-backed venture with a 2 GWh capacity reservation.
Energy Vault and Eskom Partner on Gravity Storage at South African Coal Plant
Energy Vault and Eskom have inked a deal to build a 25-MW gravity storage system at Hendrina Power Station, with potential expansion to 4 GW, targeting 4 GWh across Southern Africa by 2035.
Coterra Merger Concludes, Puts Devon Energy's Strategy to the Test
Coterra Energy shares stopped trading as its merger with Devon Energy closed, converting each share into 0.70 Devon share. The deal now tests Devon's ability to deliver on promised synergies.
FuelCell Energy Hits 52-Week High on AI Data Center Power Demand
FuelCell Energy shares hit a 52-week high of $15.94, surging 16% as investors bet on fuel cells for AI data centers. Revenue rose 61% to $30.5M, but net loss widened to $26.1M.
Coterra Energy Delisted After Devon Merger, Combined Entity Targets $1B in Synergies
Coterra Energy shares have stopped trading on the NYSE after Devon Energy completed its all-stock acquisition. Former Coterra holders received 0.70 Devon shares per Coterra share, and the merged firm now trades under DVN.
Eos Energy Stock Faces Critical Earnings Test After 26% Surge
Eos Energy Enterprises reports Q1 earnings on May 13 after a sharp rally. Revenue guidance of $56-57M and institutional buying from New Jersey pension fund and Vanguard set the stage.
Fluence Energy Surges 27% on AI Data Center Deals, Record Backlog
Fluence Energy stock soared 27.4% Friday after announcing master supply agreements with two major data-center clients and a record $5.6 billion backlog, despite a quarterly revenue miss.
Eos Energy Shares Surge 26% Ahead of Q1 Earnings as Battery Ramp Faces Key Test
Eos Energy Enterprises (EOSE) shares surged 26% to $8.01 on Friday, with volume hitting 53.9 million, as the company pre-announced Q1 revenue of $56-$57 million ahead of its May 13 earnings report.
Coterra Energy Delisted After Devon Merger; New Buyback and Dividend Announced
Devon Energy has completed its all-stock acquisition of Coterra Energy, delisting CTRA from the NYSE. Shareholders received 0.70 Devon shares per Coterra share, plus cash for fractions.
MARA Holdings Faces Key Earnings Test After $1.5B Energy Deal
MARA Holdings reports Q1 earnings Monday, with investors focused on its $1.5B Long Ridge Energy deal and efforts to avoid a $600M bond buyback. The stock rose 2% Friday to $12.94.
Energy Transfer Units Dip 1.24% Despite Record Volumes and Raised 2026 Outlook
Energy Transfer LP units slipped 1.24% to $19.34 on Friday, even as unitholders became eligible for a higher distribution. The company reported record volumes and raised its 2026 EBITDA forecast.
Constellation Energy Q1 Earnings: AI Data Center Demand, Calpine Deal in Focus
Constellation Energy reports Q1 earnings Monday, with investors focused on AI data center power demand, Calpine integration progress, and the Three Mile Island restart timeline.
Constellation Energy Q1 Earnings: AI Power Demand in Focus
Constellation Energy (CEG) reports Q1 earnings Monday with AI data center power demand in focus. Options imply a 7% swing, with analysts projecting $2.57 EPS. The Calpine deal and cautious guidance weigh on sentiment.
NextEra Energy's Kansas Data Center Plans Hit Zoning Hurdle
Sedgwick County, Kansas, has extended its moratorium on data center development applications to Sept. 11, affecting NextEra Energy's AI-driven expansion plans.