New Energy for America

ALLETE, Inc. Reports 2022 Earnings of $3.38 Per Share; Initiates 2023 Earnings Guidance Range of $3.55 to $3.85 Per Share

Retrieved on: 
Thursday, February 16, 2023

Reported results from 2021 were $3.23 per share on net income of $169.2 million and operating revenue of $1.4 billion.

Key Points: 
  • Reported results from 2021 were $3.23 per share on net income of $169.2 million and operating revenue of $1.4 billion.
  • Higher earnings in 2022 reflect the implementation of interim rates on January 1, 2022, net of interim rate reserves.
  • Details of the Company’s 2023 earnings guidance were filed as part of today’s Form 8-K filing.
  • Live Webcast on February 16, 2023; financial slides posted on company website
    ALLETE’s earnings conference call will be at 10:00 a.m. (EST), February 16, 2023, at which time management will discuss 2022 financial results and 2023 earnings guidance.

Blue Horizon BNE ETF (NYSE: BNE) Celebrates Two-Year Milestone – focused on leaders and innovators within the New Energy Economy

Retrieved on: 
Thursday, January 19, 2023

NEW YORK, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Blue Horizon Capital, an index and research company focused on helping investors capture the unique opportunities in the fast-growing New Energy Economy, celebrates the two-year anniversary of the Blue Horizon BNE ETF (NYSE: BNE). Exchange Traded Concepts is the advisor of this fund, which trades on the New York Stock Exchange tracking an index developed by the Blue Horizon Capital team. (The Blue Horizon New Energy Economy 100 Index).

Key Points: 
  • NEW YORK, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Blue Horizon Capital , an index and research company focused on helping investors capture the unique opportunities in the fast-growing New Energy Economy, celebrates the two-year anniversary of the Blue Horizon BNE ETF (NYSE: BNE) .
  • (The Blue Horizon New Energy Economy 100 Index).
  • “Blue Horizon believes in a diversified and balanced approach to investing while giving investors exposure to growth themes.
  • BNE ETF is a product that can efficiently deliver the New Energy and growth equity portion to an investor’s overall energy allocation,” said Tony Fusco, President of Blue Horizon Capital.

ALLETE, Inc. Reports Third Quarter Earnings; Expects 2022 Earnings Near Mid-Point of $3.60 - $3.90 Per Share Range

Retrieved on: 
Wednesday, November 9, 2022

ALLETE, Inc. (NYSE: ALE) today reported third quarter 2022 earnings of 59 cents per share on net income of $33.7 million.

Key Points: 
  • ALLETE, Inc. (NYSE: ALE) today reported third quarter 2022 earnings of 59 cents per share on net income of $33.7 million.
  • Also impacting the quarter were ongoing inflation, supply chain challenges and transmission congestion resulting in lower earnings at ALLETE Clean Energy.
  • Third quarter 2022 earnings reflect higher income at Minnesota Power primarily due to the implementation of interim rates on January 1, 2022.
  • Earnings per share dilution in 2022 was approximately 5 cents due to additional shares of common stock outstanding as of September 30, 2022.

Alliance formed to promote green transition

Retrieved on: 
Thursday, November 10, 2022

Initiated by China Energy Engineering Group Co Ltd, the New Energy, New Infrastructure, New Industry Alliance and Shanghai Green Low Carbon City Industry Alliance were set up in the city on Monday to further step up the green and low carbon transition in the country, the company said on Tuesday.

Key Points: 
  • Initiated by China Energy Engineering Group Co Ltd, the New Energy, New Infrastructure, New Industry Alliance and Shanghai Green Low Carbon City Industry Alliance were set up in the city on Monday to further step up the green and low carbon transition in the country, the company said on Tuesday.
  • The alliance, consisting of 242 new energy related companies, social organizations and research institutes, will come up with an innovation and cooperation platform to better seize new opportunities for the development of green and low-carbon industries, said the company, one of the world's largest advanced energy engineering conglomerates.
  • Song Hailiang, chairman of the company, also known as Energy China, said the platform will further facilitate the company in the development of green and low-carbon economy, digital economy and sharing economy.
  • In addition to domestic cooperation, the company has also been strengthening its technical cooperation with partners worldwide while actively exploring diversified cooperation methods.

New Energy Equity announces promotions of executive leadership team

Retrieved on: 
Friday, November 4, 2022

"With more than 80 years combined solar energy industry experience and a tremendous track record of leading solar finance and development, we are thrilled toannounce these promotions within our leadership team," Hankey said.

Key Points: 
  • "With more than 80 years combined solar energy industry experience and a tremendous track record of leading solar finance and development, we are thrilled toannounce these promotions within our leadership team," Hankey said.
  • "I look forward to working closely with this team in their new roles, along with the rest of the team as we continue the growth, success, and evolution of the New Energy Equity brand."
  • Hanson said, "The capabilities of this executive team will undoubtedly lead, not only New Energy to the next level, but lead the entire clean energy industry to new heights."
  • New Energy Equity has successfully developed over 330MW of solar projects and closed more than $600M in clean energy investments.

AutoNation Adds Tenured Leaders to Executive Team

Retrieved on: 
Thursday, March 3, 2022

FORT LAUDERDALE, Fla., March 3, 2022 /PRNewswire/ --AutoNation, Inc. (NYSE: AN),America's largest and most admired automotive retailer, today announced that the Company is expanding its Executive Team.

Key Points: 
  • FORT LAUDERDALE, Fla., March 3, 2022 /PRNewswire/ --AutoNation, Inc. (NYSE: AN),America's largest and most admired automotive retailer, today announced that the Company is expanding its Executive Team.
  • Mr. Koehler will oversee AutoNation USA, AutoNation Auto Auctions, and the AutoNation Collision business.
  • Steve Kwak, who currently serves as the Western Region President and AutoNation USA President, will be Chief Operating Officer, Franchised Business.
  • They are exceptional leaders whose expertise will continue to support the trajectory and the strategy of AutoNation," said Mike Manley.

New Energy Equity Names Ahmar Zaman as New Chief Financial Officer

Retrieved on: 
Tuesday, January 11, 2022

ANNAPOLIS, Md., Jan. 11, 2022 /PRNewswire/ -- New Energy Equity ("New Energy"), a national developer and financier of community and commercial solar projects, has welcomed Ahmar Zaman to its leadership team as Chief Financial Officer.

Key Points: 
  • ANNAPOLIS, Md., Jan. 11, 2022 /PRNewswire/ -- New Energy Equity ("New Energy"), a national developer and financier of community and commercial solar projects, has welcomed Ahmar Zaman to its leadership team as Chief Financial Officer.
  • Ahmar will be responsible for supporting rapid growth by managing the internal and external finance functions of New Energy and its subsidiaries.
  • His career began at UBS Investment Bank as an equity research analyst, one of only three covering the Solar industry at the time.
  • New Energy Equity has successfully developed over 275MW of solar projects and closed more than $550M in clean energy investments.

Metrus Energy Increases its Commitment to America is All In to $200 Million

Retrieved on: 
Wednesday, November 10, 2021

SAN FRANCISCO, Nov. 10, 2021 /PRNewswire-PRWeb/ --Metrus Energy announced today that it has upped its current America Is All In commitment to $200 million of investment in sustainable energy projects.

Key Points: 
  • SAN FRANCISCO, Nov. 10, 2021 /PRNewswire-PRWeb/ --Metrus Energy announced today that it has upped its current America Is All In commitment to $200 million of investment in sustainable energy projects.
  • "We are doubling our commitment to America is All In because we believe in the value of financing climate action," said Hinkle.
  • To date, Metrus has financed and implemented sustainable energy projects that are avoiding the emission of approximately 745,000 metric tons of CO2.
  • Metrus Energy develops and finances sustainable energy projects at commercial, industrial, and institutional facilities.

New Solar Powered Building Dedicated in Memory of New Energy Equity Founder and CRAB Board Member

Retrieved on: 
Tuesday, August 10, 2021

Ian Palmer co-founded and served as CEO of New Energy Equity while also volunteering on CRAB's Board of Directors until 2017.

Key Points: 
  • Ian Palmer co-founded and served as CEO of New Energy Equity while also volunteering on CRAB's Board of Directors until 2017.
  • We are deeply honored to see Ian's legacy continue in our partnership with New Energy Equity."
  • New Energy Equity has successfully developed over 250MW of solar projects since 2013.
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