Invesco WilderHill Clean Energy ETF (ARCA: PBW)

에 대한 최신 뉴스 Invesco WilderHill Clean Energy ETF (ARCA:PBW)

Invesco WilderHill Clean Energy ETF

PowerShares WilderHill Clean Energy Portfolio

Industrials

Technology

Consumer Cyclical

Basic Materials

Other

Utilities

Energy

Consumer Defensive

The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index. Stocks are included in the Underlying Index based on the Index Providers evaluation that such companies will substantially benefit from a societal transition toward the use of cleaner energy, zero-CO2 renewables, and conservation.

Evgo Inc

Rivian Automotive

Sunrun Inc

SUNNOVA ENERGY INTERNATIONAL COMMON STOCK USD.001

Chargepoint Holdings Inc

Quantumscape Corp

Archer Aviation Inc-A

Solid Power Inc

Tesla Inc. [Tsla]

Joby Aviation Inc

Xpeng Inc.

Mp Materials Corp

Amprius Technologies Inc

Altus Power Inc

Nextracker Inc

Esco Technologies Inc

Solaredge Technologies Inc

Preformed Line Products Co

Darling Ingredients Inc

Monolithic Power Systems Inc

Renew Energy Global Plc

Quanta Svcs Inc Com

Brookfield Renewable Corp Ordinary Shares - Class A (Exchangeable Sub Votin

American Superconductor Corp

Shoals Technologies Group Inc Cl A

Itron Inc

Fluence Energy Inc

Ormat Technologies Inc

Eos Energy Enterprises Inc

Rex American Resources Corp

Why It Matters

Equities

Government

Large Cap

Regulations

Sector ETFs

Politics

Econ #s

Markets

Movers

ETFs

NOVA

PowerShares Exchange Traded Fund Trust WilderHill Clean Energy Portfolio

SEDG

백악관이 모든 연방 보조금과 대출에 대한 일시적인 동결을 명령하면서 3조 달러의 자금이 재검토를 받게 되었고, 이는 의회의 재정 권력에 대한 법적 및 정치적 충돌의 무대를 설정하여 광범위한 산업에 큰 영향을 미칠 수 있다. 이 지침은 월요일에 예산관리국(OMB)에 의해 발행되었고 여러 언론 매체에 의해 수신되었다. 모든 연방 기관은 프로그램이 도널드 트럼프 대통령의 정책 우선사항과 일치하는지 검토되는 동안 지급을 중단해야 한다.

트럼프의 연방 지출 중단으로 $3조가 위기에 봉착, 클린 에너지, 방산, 의료 등 산업이 위협

Chinese EV maker&nbsp;XPeng&nbsp;Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are trading lower premarket on Tuesday. The company reported&nbsp;fiscal&nbsp;fourth-quarter sales growth of&nbsp;23.4%&nbsp;year-on-year to 16.11 billion Chinese Yuan&nbsp;($2.21&nbsp;billion), topping the&nbsp;consensus estimate <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44372075/xpeng-reports-fourth-quarter-and-fiscal-year-2024-unaudited-financial-results" rel="noreferrer noopener">of&nbsp;16.02 billion Chinese Yuan</a>.&nbsp;
Total revenues increased 59.4% sequentially in the quarter. The Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival's quarterly vehicle deliveries increased 52.1% Y/Y to 91,507. XPeng's physical sales network had 690 stores, covering 226 cities as of December 31, 2024.
XPeng's self-operated charging station network reached 1,920 stations as of December 31, 2024. Revenues from vehicle sales increased 20.0% Y/Y to 14.67 billion Chinese Yuan ($2.01 billion) on higher deliveries.
Gross margin was 14.4% versus 6.2% a year ago. Vehicle margin was 10.0% versus 4.1% a year ago, primarily attributable to the cost reduction. Operating loss for the quarter was 1.56 billion Chinese Yuan ($0.21 billion). 
Adjusted net loss per ADS of 1.47 Chinese Yuan missed the analyst consensus estimate for a loss of 1.35 Chinese Yuan. In USD terms, the adjusted earnings <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">per ADS was a loss of 20 cents</a> in-line with the consensus of 20 cents loss.
The&nbsp;company held&nbsp;$5.75 billion&nbsp;in cash and equivalents&nbsp;as of December 31, 2024.
Read: <a target="_blank" href="https://www.benzinga.com/25/03/44240449/tesla-rival-xpeng-eyes-138-billion-investment-in-humanoid-robots-says-chinese-state-media" rel="noreferrer noopener">Tesla Rival XPeng Eyes $13.8 Billion Investment In Humanoid Robots, Says Chinese State Media</a>
Chairman and CEO of XPENG, Xiaopeng He, highlighted the company&#8217;s strategic positioning to expand its market share in the Smart EV sector both in China and internationally.
He emphasized that AI will play a crucial role in advancing L3 and L4 autonomous driving within the automotive industry. The company&#8217;s goal is to establish XPENG as a globally recognized AI-driven automotive company and a smart technology brand that resonates with users worldwide.
Outlook: XPENG projects first-quarter vehicle deliveries between 91,000 and 93,000, reflecting <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">a surge of 317% to 326.8% Y/Y</a>.
The company anticipates revenue of 15 billion Chinese Yuan to 15.7 billion Chinese Yuan, vs. the consensus of 14.684 billion Chinese Yuan.
Investors can gain exposure to the stock via&nbsp;VanEck Low Carbon Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMOG#NYSE">SMOG</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: XPEV shares are down 0.49% at $24.44 premarket at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44267567/xpeng-hesai-group-kohls-groupon-and-tesla-why-these-5-stocks-are-on-investors-radars-today" target="_blank" rel="noreferrer noopener">Xpeng, Hesai Group, Kohl&#8217;s, Groupon, And Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</a></li>
</ul>
Image via Shutterstock.

Earnings

News

Guidance

SMOG

TSLA

XPEV

Tesla's China Rival XPeng Delivers Over 91,500 EVs In Q4, Eyes Massive Growth In Q1

Altus Power, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) shares are <a href="https://www.benzinga.com/pressreleases/25/02/b43523644/altus-power-announces-agreement-to-be-acquired-by-tpg" target="_blank" rel="noreferrer noopener">trading higher on Thursday</a> after the company announced an all-cash deal with TPG Rise Climate.
The deal values Altus Power at approximately $2.2 billion, including debt.
Upon the completion of the transaction, Altus Power&#8217;s Class A common stock will be delisted from the New York Stock Exchange, transitioning the company into a privately held entity.
The $5.00 per share purchase price represents a significant 66% premium over Altus Power&#8217;s stock price from October 15, 2024, the last trading day before the company announced its strategic review.
Also Read:<a href="https://www.benzinga.com/25/02/43528027/hersheys-stock-pops-as-q4-earnings-beat-expectationsbut-cocoa-prices-loom-over-2025-outlook" target="_blank" rel="noreferrer noopener"> Hershey&#8217;s Stock Pops As Q4 Earnings Beat Expectations—But Cocoa Prices Loom Over 2025 Outlook</a>
Altus Power CEO Gregg Felton says TPG Rise Climate will enable Altus to meet the increasing demand for sustainable energy. 
&#8220;This partnership strengthens our ability to serve both our Community Solar and commercial clients with clean electric power at a time when demand for power is expected to grow substantially,&#8221; Felton said.
Altus Power&#8217;s board approved the deal at $5.00 per share.
Approximately 40% of the company&#8217;s stock is already committed in favor of the deal. Altus Power expects the transaction to close by the second quarter of 2025.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, AMPS stock has lost over 13% in the past year. Investors can gain exposure to the stock via&nbsp;Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: AMPS shares are trading higher by 27.8% to $4.895 at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/02/43491799/meta-ai-models-clearly-behind-deepseek-says-analysts-after-mark-zuckerberg-admitted-deepseek-did-some-novel-things-were-still-digesting" target="_blank" rel="noreferrer noopener">Meta AI Models' Clearly Behind' DeepSeek, Says Analyst After Mark Zuckerberg Admits DeepSeek Did Some Novel Things ‘We're Still Digesting'</a></li>
</ul>
Image: Shutterstock

General

AMPS

Altus Power Stock Gains On Heels Of $2.2 Billion TPG Rise Climate Deal

Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) shares are trading lower on Monday. The company acquired Red Trail Energy&#8217;s ethanol production plant and carbon capture and <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43433580/gevo-completes-acquisition-of-red-trail-energy-assets-in-north-dakota-expanding-a-burgeoning-portf" rel="noreferrer noopener">sequestration (CCS) assets for $210 million</a>.
The acquisition includes the plant, pore space, and operational personnel, providing a strategic option for sustainable aviation fuel (SAF) production.
The acquired&nbsp;assets, now renamed &#8220;Net-Zero North,&#8221; are expected to contribute $30 million to $60 million<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> in annual Adjusted EBITDA for Gevo</a>.
Gevo financed the buyout through a mix of Gevo&#8217;s equity capital and a $105 million senior secured term loan from Orion Infrastructure Capital (OIC).
OIC has also expressed interest in providing up to an additional $100 million in debt for future mutually agreed-upon projects at Net-Zero North.
Additionally, OIC is investing $5 million in equity at Net-Zero North, complementing Gevo&#8217;s equity contribution.
Gevo Chief Executive Officer, Patrick Gruber said, &#8220;The proven CCS site will allow us to permanently sequester biogenic carbon dioxide to produce US products with the highest quantity and quality of carbon abatement to address a growing global market demand.&#8221;
&#8220;Net-Zero North is a key step on our path to becoming self-sustaining and profitable as a company in advance of our NZ1 project coming online.&#8221;
Chris Ryan, President and Chief Operating Officer, added, &#8220;Net-Zero North, with its efficient operating profile and CCS, is projected to achieve a carbon intensity (&#8220;CI&#8221;) score in the low 20s (not including improved agricultural results that farmers can achieve using regenerative agriculture practices) using the variation of the GREET model proposed in the Section 45Z rule.&#8221;
&#8220;We believe that is about 30 CI points lower than the best plants that are not connected to CCS. British Columbia previously scored the Net-Zero North plant at a CI of 19. This is a great starting point to expand Gevo&#8217;s business.&#8221;
Investors can gain exposure to the stock via Invesco Wilderhill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) and Invesco Global Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBD#NYSE">PBD</a>).
Price Action: GEVO shares are down 3.13% at $1.705 at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42465586/gevo-and-lg-chem-push-ahead-on-eto-commercialization-for-sustainable-aviation-and-bio-propylene-markets" target="_blank" rel="noreferrer noopener">Gevo And LG Chem Double Down On Ethanol-To-Olefins Tech: Details</a></li>
</ul>
Photo via Shutterstock.

Small Cap

GEVO

PowerShares Global Clean Energy Portfolio

Gevo Buys Ethanol & CCS Assets, Secures Additional $100 Million Potential Funding For Net-Zero North Expansion

The White House has ordered a temporary freeze on all federal grants and loans, putting $3 trillion in funding under scrutiny and setting the stage for a legal and political showdown over the congressional power of the purse that could heavily impact a <a href="https://www.benzinga.com/markets">wide range of industries.</a>
The directive, issued Monday by the Office of Management and Budget and received by several media outlets, requires all federal agencies to halt disbursements while programs are reviewed for alignment with President Donald Trump's policy priorities.
This includes halting new awards, existing payment and funding for projects until reviewed.
The exact financial impact of the order remains uncertain. Budget experts cited <a href="https://www.washingtonpost.com/business/2025/01/28/trump-spending-freeze-upends-washington-triggering-legal-threats-delays/">by the Washington Post </a>estimate at least tens of billions of dollars are at stake, though the White House directive suggests the total could be significantly higher.
Of the almost $10 trillion spent by the federal government in fiscal 2024, more than $3 trillion was federal financial assistance, Matthew Vaeth, acting director at the OMB, said in the memorandum.
&#8220;Financial assistance should be dedicated to advancing Administration priorities,&#8221; Vaeth said, adding that &#8220;the use of Federal resources to advance Marxist equity, transgenderism, and green new deal social engineering policies is a waste of taxpayer dollars that does not improve the day-to-day lives of those we serve.&#8221;
The White House said that Social Security and Medicare remain untouched. The sweeping pause threatens funding for universities, nonprofits, contractors and private companies that depend on federal assistance.
&#8220;Nothing in this memo should be construed to impact Medicare or Social Security benefits,&#8221; the memo said. 
The immediate focus will be on how agencies handle exemptions. The OMB memo allows federal departments to request case-by-case approvals, which means some funding may still flow, but the process is likely to be slow and politically charged.
Federal agencies have until Feb. 10, 2025, to provide OMB with detailed reports outlining which programs, projects, and activities are affected by the funding pause.
<h3 class="wp-block-heading">Legal, Political Showdown Over Federal Funds </h3>
The move is triggering legal challenges from nonprofits and Democratic-led states.
Within hours of the announcement, lawsuits were filed in federal courts in New York, Illinois and Oregon, arguing that Trump does not have the authority to withhold congressionally approved spending.
Senate Minority Leader Chuck Schumer was among the first to push back, saying Congress-approved investments are legally mandated and asserting the president lacks the authority to override the Impoundment Control Act of 1974, which restricts unilateral executive control over federal funds.
Trump has long argued that the 1974 law is unconstitutional, stating that past presidents had far more discretion over spending before its passage.
<h3 class="wp-block-heading">Which Industries Could Face Trouble?</h3>
Some of the hardest-hit sectors could include clean energy, defense, health care and education, where federal dollars have played a crucial role in driving investment and growth in recent years.
Trump's OMB memo explicitly targeted climate initiatives and green energy programs. Shares of solar and renewable energy companies were among the hardest hit following the federal funding freeze.
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and the Invesco Wilderhill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) fell by 2% and 1.3%, respectively, on Tuesday. 
Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) dropped 12%, Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) fell 9.2% and SolarEdge Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) declined 5%. 
Defense contractors such as Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) may also see rising uncertainty. While military spending is unlikely to be cut outright, several defense contractors rely on federal grants for research and development. 
The impact on health care remains unclear. While Medicare is shielded, Medicaid funding — which supports hospitals, managed care providers and pharmaceutical companies — could be at risk.
HCA Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) and Universal Health Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) fell by 1% and 1.4%, respectively, while Tenet Healthcare Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) showed resilience Tuesday. 
Read Next:
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43281252/fed-set-to-signal-no-rush-to-cut-rates-as-wall-street-awaits-policy-clarity">Fed Set To Signal No Rush To Cut Rates As Wall Street Awaits Policy Clarity</a></li>
</ul>
Photo via Shutterstock.

Trump's Federal Spending Freeze Puts $3 Trillion In Limbo, Threatens Industries Like Clean Energy, Defense, Health Care

Trump's first day in office brought a wave of executive orders targeting immigration, energy, social policies, and announcing the withdrawal from global agreements like the Paris Climate Accord and <a href="https://www.benzinga.com/topic/donald-trump">the World Health Organization. </a>
Trump also pledged to raise tariffs up to 25% on both Canada and Mexico starting Feb. 1, but fell short of announcing universal tariffs on all imports.
Following Monday&#8217;s market closure for Martin Luther King Jr. Day, investors began assessing how Trump's new policy measures could impact sectors across the board. 
Gold miners and defense stocks outperformed, while solar energy companies were among the hardest hit.
<h3 class="wp-block-heading">Wall Street&#8217;s Winners And Losers After Trump&#8217;s Day 1</h3>
Gold miners were among the standout performers, amid rising trade fears between the U.S. and Canada. 
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) climbed 2.6% by 1:30 p.m. ET Tuesday. Leading gains were Harmony Gold Mining Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>), up 4.3% and Endeavour Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>), up 3.1%.
&#8220;While President Trump's Inauguration Day policy announcements on tariffs were more benign than expected, we continue to expect the White House to increase tariff rates on autos and imports from China, and we see other tariff proposals as a risk,&#8221; Goldman Sach&#8217;s analyst Elsie Peng wrote in a note Tuesday.
Defense stocks also surged as Trump's policies emphasized national security and border protection declaring a &#8220;national emergency&#8221; at the southern border with Mexico. The iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>) rose 3.3%.
Other notable movers included the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>), up 2%, and the SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>), which rose 1.6% as investors bet on increased demand for industrial materials.
Oil and gas exploration companies saw declines despite <a href="https://www.benzinga.com/government/regulations/25/01/43097430/trumps-drill-baby-drill-era-begins-oil-prices-tumble-us-energy-stocks-edge-up">Trump's "Drill, Baby, Drill"</a> push to unleash U.S. energy resources. The SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) dropped 1.1%, signaling concerns about potential oversupply.
Clean energy and solar stocks, however, suffered from Trump's decision to halt offshore wind leasing and withdraw the U.S. from the Paris Climate Accord. 
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) fell 3.1%, with losses from Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>), down 6.7%, and First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), which dropped 5.4%. The Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) slipped 1%.
Read Next: 
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<li><a href="https://www.benzinga.com/25/01/43103527/mexican-peso-canadian-dollar-slide-as-trump-threatens-25-tariffs-expert-eyes-price-hikes-on-typical-us-breakfast">Mexican Peso, Canadian Dollar Slide As Trump Threatens 25% Tariffs, Economist Eyes Price Hikes On &#8216;Typical US Breakfast&#8217;</a></li>
</ul>
Photo: Shutterstock

Mid Cap

FSLR

Market Vectors ETF Trust Market Vectors Gold Miners

iShares Dow Jones US Aerospace & Defense Index Fund

JETS

Trump's First Day Sends Gold Miners, Defense Stocks Soaring, Solar Sliding

EVgo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) shares are trading higher after the company reported&nbsp;third-quarter&nbsp;sales growth of&nbsp;92%&nbsp;year-on-year to&nbsp;$67.535&nbsp;million, beating the consensus <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41896481/evgo-inc-reports-record-third-quarter-2024-results" rel="noreferrer noopener">estimate of&nbsp;$65.952 million</a>.
Revenue growth&nbsp;was primarily driven&nbsp;by year-over-year&nbsp;increases in charging network&nbsp;and&nbsp;eXtend&nbsp;revenues.
EVgo&#8217;s network throughput for the quarter was 78&nbsp;Gigawatt-hours (GWh), a&nbsp;growth of 111%&nbsp;year-over-year.
The company added over 147,000&nbsp;new customer accounts during the&nbsp;third quarter, bringing the overall number of customer accounts to more than 1.2 million at quarter end.
Adjusted gross profit for the quarter was&nbsp;$18.0 million&nbsp;versus&nbsp;$9.3 million&nbsp;last year. Adjusted gross margin expanded 20&nbsp;basis points to&nbsp;26.6% in the quarter.
Adjusted EBITDA loss was&nbsp;$8.9&nbsp;million versus&nbsp;a $14.2&nbsp;million loss last year. Loss per share of&nbsp;11 cents&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the analyst consensus loss estimate of&nbsp;12 cents.</a>
Badar Khan, EVgo&#8217;s CEO, said, &#8220;Our deployment team continued to meet demand head-on bringing a record number of stalls online in the third quarter. With our conditional commitment from DOE for a loan guarantee of up to $1.05 billion announced last month, EVgo is poised to lead the industry as the charging provider of choice.&#8221;
The company added more than 270 new DC fast charging stalls in the quarter, including EVgo eXtend stalls. Ended the quarter with over 3,680&nbsp;stalls in operation, including EVgo eXtend stalls.
EVgo held&nbsp;$153.4 million&nbsp;in cash, cash equivalents and, restricted cash as of September-end.
Outlook&nbsp;Revised: EVgo raised the midpoint of its FY24 total revenue guidance by $2.5 million, now expecting between $250 million and $265 million (vs. consensus of $257.34 million) compared with the prior range of <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$240 million to $270 million</a>.
Investors can gain exposure to the stock via SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: EVGO shares are up 22% at $6.59 premarket at the last check Tuesday.
Photo: Courtesy of EVgo, Inc.
Read Next:
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<li><a href="https://www.benzinga.com/markets/esg/24/11/41722922/trump-vs-harris-evgo-cleveland-cliffs-plug-power-nucor-brace-for-2024-election-impact" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: EVgo, Cleveland-Cliffs, Plug Power, Nucor Brace For 2024 Election Impact</a></li>
</ul>

EVGO

SIMS

EVgo Q3 Sales Surge 92% As Charging Revenues And Customer Growth Drive Performance; Stock Jumps

XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Tuesday.</a>
Shares of U.S.-listed Chinese stocks are trading lower after China&#8217;s September exports missed estimates. Concerns over the effectiveness of&nbsp;China&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/24/10/41329479/alibaba-nio-jd-com-and-other-us-listed-china-stocks-tumble-as-investors-await-clarity-on-fiscal-stim" rel="noreferrer noopener">latest stimulus measures</a> have also rattled investors.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XPEV stock has lost over 25% in the past year. Investors can gain exposure to the stock via Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) and Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>).
The electric vehicle maker saw its stock decline alongside other Chinese companies, amid doubts that&nbsp;Beijing&#8217;s recent economic support package will significantly boost growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41338223/why-nio-stock-is-moving" rel="noreferrer noopener">Why NIO Stock Is Moving</a>
Meanwhile, XPeng&#8217;s latest electric sedan, the P7+, is reportedly receiving positive early feedback, as evidenced by robust pre-order figures.
Within just 1 hour and 48 minutes of starting pre-sales, orders for the P7+ exceeded 30,000 units, <a target="_blank" href="https://cnevpost.com/2024/10/15/xpeng-p7-plus-30000-pre-orders-2-hours/" rel="noreferrer noopener">reported</a> CnEV Post, citing an announcement on Weibo.
Xpeng launched the model for European consumers in Paris, France. The company also announced that pre-sales for the model have commenced in China, with a starting price of RMB 209,800 ($29,600).
The pre-sale starting price of the P7+ is RMB 22,100, or 9.5% lower than the RMB 231,900 starting price of Tesla&#8217;s Model 3 in China, the report read.
However, Xpeng chairman and CEO He Xiaopeng stated that the model is designed to compete with vehicles in the RMB 300,000 price range, CnEV Post added.
The P7+ is a mid-to-large electric sedan measuring 5,056 mm in length, 1,937 mm in width, and 1,512 mm in height, with a 3,000 mm wheelbase, which makes it bigger than the Xpeng P7i sedan.
Price Action: XPEV shares are trading lower by 2.28% to $11.38 at last check Tuesday.
Photo via Shutterstock
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</ul>

Media

DRIV

What's Going On With XPeng Stock Today?

XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are trading higher<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> on Tuesday.</a>
In fact, shares of U.S.-listed Chinese companies are trading higher after <a target="_blank" href="https://www.benzinga.com//node/41004045" rel="noreferrer noopener">China Central Bank announced a new stimulus package.</a>
Xpeng has formed a dealership agreement to penetrate the Qatari market, advancing its global presence, <a target="_blank" href="https://cnevpost.com/2024/09/23/xpeng-signs-dealer-deal-enter-qatar/" rel="noreferrer noopener">reported</a> CnEV Post. The pact designates Pioneer Motors, part of Qatar&#8217;s Almana Group, as its collaborator in this initiative.
According to a <a target="_blank" href="https://www.scmp.com/business/china-business/article/3279572/chinese-ev-maker-xpeng-adds-qatar-export-list-amid-price-war-home" rel="noreferrer noopener">report</a> by the South China Morning Post, by year&#8217;s end, motorists in Qatar will have the opportunity to purchase various all-electric Xpeng models featuring autonomous driving technology, such as the P7 sedan and G6 SUV.
Also Read:<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41004167/ready-for-the-road-ford-opens-orders-for-2025-f-series-super-duty-truck" rel="noreferrer noopener"> Ready For The Road &#8211; Ford Opens Orders For 2025 F-Series Super Duty Truck</a>
South China Morning Post added that Latin America, the Middle East, and Southeast Asia are emerging as significant markets for Chinese electric vehicle manufacturers regarding exports and production sites, citing a report published by Moody&#8217;s in late August.
These areas exhibited reduced geopolitical risks, and their electric vehicle adoption is increasing as their gross domestic product per capita rises and their climate change efforts advance, the report noted.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XPEV stock has lost over 39% in the past year. Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Smart Mobility ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>) and&nbsp;Invesco WilderHill Clean Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: XPEV shares are trading higher by 7.17% to $10.25 at last check Tuesday.
Photo via Shutterstock
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<li><a href="https://www.benzinga.com//node/40996835" target="_blank" rel="noreferrer noopener">XPeng Touches Production Milestone Of 500K EVs: Here&#8217;s How Many Electric Cars The Chinese Company Has Delivered</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

HAIL

LOUP

What's Going On With XPeng Shares Today?

XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are trading higher premarket Thursday. The company disclosed that XPENG Motors will showcase its latest technologies and solutions at the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40933214/xpeng-to-unveil-the-future-of-ai-mobility-in-europe-at-paris-motor-show-2024" rel="noreferrer noopener">Paris Motor Show 2024 in October</a>.
The company plans to unveil its latest innovations, including the Tianji XOS 5.4 smart in-car operating system, designed for the European market.
This system highlights XPENG's vision for adaptive, AI-driven driving experiences in Europe.
The company will also showcase its next-generation smart cockpit with advanced personalization options and frequent OTA updates.
Brian Gu, Vice Chairman and President at XPENG, said, &#8220;The European automotive market is undergoing a transformation from electrification to smartification. At the Paris Motor Show, we are not only showcasing highlights from our vehicle portfolio, but also new solutions that we will be integrating in our car models.&#8221;
XPENG said it looks forward to further expanding its European footprint with cutting-edge technology and AI-powered solutions.
This month, the company&nbsp;reportedly asked suppliers to ramp up parts capacity as the M03, the first model in its <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40794637/whats-going-on-with-xpeng-stock-today" rel="noreferrer noopener">Mona lineup, gains popularity</a>.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XPEV stock has lost around 50%&nbsp;in the past year. Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: XPEV shares are up 6.94% at $9.24 premarket at the last check Thursday.
Photo via Shutterstock
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

What's Going On With XPeng Shares Premarket Thursday?

XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are trading relatively flat in the <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">morning session on Tuesday.</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XPEV stock has lost over 53% in the past year. Investors can gain exposure to the stock via&nbsp; SPDR S&amp;P Kensho Smart Mobility ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>) and Invesco WilderHill Clean Energy ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
The company&nbsp;is reportedly asking suppliers to ramp up parts capacity as the M03, the first model in its Mona lineup, gains popularity.
Xpeng recently adjusted its production schedule, asking suppliers to respond quickly to boost production capacity and delivery efficiency for the Mona M03, <a target="_blank" href="https://cnevpost.com/2024/09/10/xpeng-asks-suppliers-boost-capacity-mona-m03-orders-2000-per-day/" rel="noreferrer noopener">reported </a>CnEV Post.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40646699/teslas-china-woes-just-got-worse-xpengs-model-3-killer-receives-over-30k-orders-in-48-hours-of-l" rel="noreferrer noopener">Tesla&#8217;s China Woes Just Got Worse: XPeng&#8217;s Model 3 Killer Receives Over 30K Orders In 48 Hours Of Launch</a>
The recent daily orders for the Mona M03 have surpassed 2,000 units, following 30,000 confirmed orders within 48 hours of the model&#8217;s launch.
&#8220;The voyage of the Mona M03 has just begun and we are confident about the future,&#8221; Xpeng told supplier partners, CnEV Post added.
Xpeng plans to introduce new models or updates each quarter, emphasizing that a robust and efficient supply chain is crucial to its success.
The Mona M03 electric sedan, launched on August 27, is available in three variants priced at RMB 119,800 ($16,830), RMB 129,800, and RMB 155,800, respectively. This is below the previously anticipated price of RMB 135,900, making it Xpeng&#8217;s most affordable model, about half the price of Tesla&#8217;s Model 3.
Following its launch, the Mona M03 received over 10,000 firm orders within the first 52 minutes, CnEV Post added.
Price Action: XPEV shares are trading higher by 0.24% to $8.541 at last check Tuesday.
Photo via Shutterstock
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">shares are trading lower on Friday</a>.
Xpeng Aeroht, the flying car division of Xpeng, reported receiving over 1,000 pre-orders for its modular flying car, despite official pre-sales not having started yet, <a target="_blank" href="https://cnevpost.com/2024/09/06/xpeng-aeroht-over-1000-pre-orders-modular-flying-car/" rel="noreferrer noopener">reported</a> CnEV Post.
The company revealed this milestone today, crediting the early orders to pioneering customers. According to the report, the company has now garnered over 3,000 intended orders for the product.
On September 4, Xpeng Aeroht conducted a private meeting with key partners and held an advance booking signing ceremony for the product on the same day, CnEV Post added.
The day before the communication session, Xpeng Aeroht showcased its modular flying car, known as a land carrier, for the first time at an event.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39162311/future-of-travel-xpeng-aeroht-teams-up-with-autoliv-for-flying-car-safety-tech" rel="noreferrer noopener">Future Of Travel: XPENG AEROHT Teams Up With Autoliv For Flying Car Safety Tech</a>
The company plans to start mass production and deliveries of the modular flying car in 2026, with a price capped at RMB 2 million ($280,000).
Xpeng Aeroht will conduct the car&#8217;s first public manned flight at the Zhuhai Airshow in November and will also display it at the Guangzhou auto show later in the month.
Pre-sales for the product are set to begin in late 2024, with mass production and deliveries scheduled for 2026, according to founder and president Zhao Deli.
This new production timeline is a delay from the earlier plan, which had pre-orders starting in the fourth quarter of this year and mass production and delivery set for the fourth quarter of 2025.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XPEV stock has lost over 54% in the past year. Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>) and&nbsp;Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: XPEV shares are trading lower by 2.38% to $8.62 at last check Friday.
Photo by Koshiro K on Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) shares are trading higher today. The company introduced an AI-powered driver support tool designed to diagnose and repair electric vehicle <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40619071/chargepoint-releases-industry-first-ai-solution-to-enhance-driver-support-and-improve-network-reli" rel="noreferrer noopener">(EV) charging stations quickly</a>.
This new software, which is a first in the EV charging industry, uses AI to identify physical issues and enhance charger uptime.
The software allows drivers to report nonfunctional charging stations by submitting photos via the ChargePoint app. It analyzes the images and sends the findings to ChargePoint&#8217;s Network Operations Center, reducing the need for on-site inspections and speeding up issue resolution.
Rick Wilmer, CEO of ChargePoint said, &#8220;This technology will enable us to triage and resolve physical issues that cannot not be detected via remote monitoring, demonstrating our commitment to innovations which deliver a reliable charging network.&#8221;
Recently, the company has been collaborating with major automakers across the globe for advancement in EV charging solutions.
This week, the company partnered with&nbsp;Daimler Buses&nbsp;to integrate its telematics and charge management systems with&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40577138/chargepoint-and-daimler-buses-team-up-for-ev-charging-solutions" rel="noreferrer noopener">Mercedes-Benz and Setra brand buses</a>.
In July, the company and Porsche Cars North America partnered to integrate charging services. The collaboration will increase the number of chargers available to Porsche customers to&nbsp;<a target="_blank" href="https://www.benzinga.com//node/39315235" rel="noreferrer noopener">more than 100,000 across North America</a>.
Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: CHPT shares are up 3.11% at $1.825 at the last check Thursday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Chargepoint_Electric_Vehicle_%28EV%29_Charging_Station,_Dakota_County,_Minnesota_%2841490006075%29.jpg">Wikimedia Commons</a>
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

CHPT

ChargePoint Leads The Charge: AI-Powered Repair Tool Aims To Fix EV Chargers Faster

ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) shares are trading lower today. J.P.Morgan analyst Bill Peterson outlined key expectations for the company, including guidance and industry trends, ahead of the company&#8217;s second-quarter <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">earnings release on September 4th</a>.
The analyst expects ChargePoint&#8217;s results to align with guidance but anticipates third-quarter guidance may fall below consensus due to industry headwinds and a cautious near-term outlook.
While the second half could show improvement, management must clarify its profitability path under various demand scenarios, especially if revenue growth remains flat or declines, says the analyst.
Peterson adds that investor skepticism is rising as peers in the U.S. and Europe report negative trends, with no recovery in the non-China EV market.
The analyst further writes that investor sentiment could improve if management confirms that the first half represents the year&#8217;s trough, supported by typical seasonality and slower commercial customer deployments, along with positive growth prospects heading into 2025.
The analyst maintained an Overweight rating for the company, seeing upside potential if management successfully <a target="_blank" href="https://www.benzinga.com/quote/CHPT/analyst-ratings" rel="noreferrer noopener">executes in this difficult market</a>.
Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: CHPT shares are down 3.54% at $1.7650 at the last check Wednesday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Chargepoint_Electric_Vehicle_%28EV%29_Charging_Station,_Dakota_County,_Minnesota_%2841490006075%29.jpg">Wikimedia Commons</a>
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Analyst Color

Reiteration

Analyst Ratings

Trading Ideas

ChargePoint Faces Tough Q3 Outlook Amid Industry Headwinds, Says Analyst

ChargePoint Holdings, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) partnered with Daimler Buses to integrate its telematics and charge management systems with <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40568351/chargepoint-and-daimler-buses-partner-to-enable-seamless-integration-of-vehicle-telematics-solutio" rel="noreferrer noopener">Mercedes-Benz and Setra brand buses</a>.
ChargePoint&#8217;s systems optimize fleet operations with real-time data, enabling efficient EV scaling. The Daimler Buses partnership ensures fast onboarding and provides fleet managers with tools for monitoring, insights, and reporting through a single interface.
Uwe Münch, Director for Bus &amp; Transit, Europe, at ChargePoint, said, &#8220;Over 9,500 buses use the ChargePoint fleet management system globally, many of which are made by Daimler Buses. With this new partnership, customers of both brands benefit from enhanced software to optimise their pure electric and mixed fuel fleets.&#8221;
Recently, the company has been collaborating with major automakers across the globe to expand its EV charging solutions.
In July, the company and Porsche Cars North America partnered to integrate charging services. The collaboration will increase the number of chargers available to Porsche customers to <a target="_blank" href="https://www.benzinga.com//node/39315235" rel="noreferrer noopener">more than 100,000 across North America</a>.
This month, ChargePoint announced the launch of ChargePoint&nbsp;Omni Port, an EV connector solution that ensures any EV can charge in any parking space, regardless of its connector type, and&nbsp;<a target="_blank" href="https://www.benzinga.com//node/40263569" rel="noreferrer noopener">without an expensive additional cable</a>.
Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: CHPT shares are down 0.54% at $1.83 premarket at the last check Tuesday.
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40528122/ev-demand-drops-investors-scrutinize-battery-stocks-whats-in-store-for-chargepoint-" target="_blank" rel="noreferrer noopener">EV Demand Drops, Investors Scrutinize Battery Stocks: What&#8217;s In Store For ChargePoint, EVgo, Piedmont Lithium?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Don&#8217;t miss the opportunity to dominate in a volatile market at the <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Benzinga SmallCAP Conference</a> on Oct. 9-10 at the Chicago Marriott Downtown Magnificent Mile. Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. Secure your spot and get your tickets today!

Contracts

ChargePoint And Daimler Buses Team Up For EV Charging Solutions

ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Thursday.</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, CHPT stock has lost over 78% in the past year. Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Yesterday, the company&#8217;s peer Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) reported <a target="_blank" href="https://www.benzinga.com//node/40256533" rel="noreferrer noopener">worse-than-expected second quarter financial results.</a>
Today, ChargePoint announced the launch of ChargePoint&nbsp;Omni Port, an EV connector solution that ensures any EV can charge in any parking space, regardless of its connector type, and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40249778/chargepoint-eliminates-ev-charging-connector-confusion-with-omni-port-adaptable-charging-solution" rel="noreferrer noopener">without an expensive additional cable.</a>
&#8220;With Omni port, ChargePoint solved the challenges associated with a multiple connector environment, ensuring Tesla and non-Tesla drivers can continue to expect a world-class driver experience,&#8221; said Rick Wilmer, CEO of ChargePoint.
Also Read<a target="_blank" href="https://www.benzinga.com/markets/asia/24/08/40247022/asia-mixed-europe-markets-dip-crude-falls-below-75-and-dollar-slips-global-markets-today-while-us-sl" rel="noreferrer noopener">: Asia Mixed, Europe Markets Dip; Crude Falls Below $75 And Dollar Slips – Global Markets Today While US Slept</a>
Omni Port removes the need for drivers to carry an adapter and eliminates the need for dedicated parking spots for specific connector types.
The company said Omni Port is the sole public solution addressing North America&#8217;s EV connector issues for both AC and DC charging.
It allows drivers of any vehicle make to use the same charging station by integrating the most common connector types into each port.
The company said it is included at no extra charge as a standard feature with ChargePoint&#8217;s compatible chargers.
Omni Port will begin shipping by the end of the year, and can be retrofitted onto ChargePoint CP6000 and Express Plus Power Link 2000 models at a nominal cost.
Price Action: CHPT shares are trading higher by 9.44% to $1.74 at last check Thursday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Chargepoint_Electric_Vehicle_%28EV%29_Charging_Station,_Dakota_County,_Minnesota_%2841490006075%29.jpg">Wikimedia Commons</a>
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</ul>

BLNK

What's Going On With ChargePoint Stock Today?

ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Thursday.</a>
The company said in a press release that it now enables drivers to charge at more than one million places across public, private, and roaming ports in <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39955518/chargepoint-reaches-milestone-of-providing-more-than-one-million-places-for-ev-drivers-to-charge" rel="noreferrer noopener">North America and Europe.</a>
The ChargePoint network has also enabled more than 10 billion electric miles to date.
&#8220;With more EVs on the road, ensuring drivers have access to reliable charging everywhere they need it is imperative,&#8221; said Rick Wilmer, CEO of ChargePoint.
With the expanding EV market, the demand for charging stations is rising. ChargePoint said its mobile app facilitates locating, using, and paying for charging across its extensive network of over one million stations, ensuring convenience wherever drivers need it.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39964869/keurig-dr-pepper-beats-revenue-expectations-in-q2-with-3-5-growth-our-consumer-centric-innovation-m" rel="noreferrer noopener">Keurig Dr Pepper Beats Revenue Expectations In Q2 With 3.5% Growth &#8211; &#8216;Our Consumer-Centric Innovation Model Is Resonating In Market&#8217;</a>
In the past year alone, it has supported approximately four billion of those miles, underscoring the accelerating demand for EV charging solutions.
&#8220;Enabling access to more than one million ports, on a network that has enabled more than ten billion electric miles to be driven, underscores ChargePoint&#8217;s commitment to delivering a world-class driver experience,&#8221; Wilmer added.
According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, CHPT stock has lost over 74% in the past year. Investors can gain exposure to the stock via SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
<h2 class="wp-block-heading">Is CHPT A Good Stock To Buy?</h2>
Wall Street analysts view ChargePoint on the whole as a Buy, given the history of coverage over the past three months. Michael Legg from Benchmark in ChargePoint Hldgs is the most bearish, expecting a 29.41% fall in the stock in the coming year.
But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, ChargePoint Hldgs rose 61.49%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which fell 17.68% over the past year.
A complete overview of how Wall Street views individual stocks is available <a href="https://www.benzinga.com/analyst-stock-ratings">here</a>, while real time updates on the latest analyst actions will be delivered via <a href="https://pro.benzinga.com">Benzinga PRO</a>. Try it for free.
Price Action: CHPT shares are trading higher by 6.23% to $2.05 at last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons
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</ul>

Why Is ChargePoint Stock Gaining Today?

Inflation in the United States cooled down in June for the third consecutive month. The Consumer Price Index rose just 3% year over year last month, down from an annual growth of 3.3% in May. On a monthly basis, the index declined 0.1% from May&#39;s flat reading. This marked the first monthly drop in inflation since 2020 and the slowest annual price gain since March 2021.
The so-called core inflation, which strips out volatile components such as food and energy prices, rose only 0.1% over the prior month, the lowest monthly core reading since August 2021, and 3.3% from the year-ago month. Both numbers are down from May&#39;s reading of 0.2% monthly growth and 3.4% annual growth.
Following the encouraging inflation data, markets priced in a roughly 89% chance that the Fed will begin to cut rates at its September meeting, up from 75% a day prior, according to data from the CME Group. This has deepened the market&#39;s confidence that the Fed would begin cutting interest rates in September, leading to a sector rotation from the hot technology sector to the laggards that could benefit from falling rates like industrials and small caps.
In particular, the small-cap Russell 2000, which has significantly lagged this year, jumped 3.4% to a more than three-month high. The S&amp;P 500 real Estate index jumped 2.8%, trimming its year-to-date losses to 1%. As such, ETFs from some beaten-down corners of the market saw smooth trading following the inflation data. These include iShares U.S. Home Construction ETF (BATS: <a class="ticker" href="https://www.benzinga.com/stock/itb#BATS">ITB</a>), Invesco WilderHill Clean Energy ETF (ARCA:PBW), Virtus LifeSci Biotech Clinical Trials ETF (ARCA:BBC), iShares Micro-Cap ETF (ARCA:IWC) and SPDR S&amp;P Regional Banking ETF (ARCA:KRE).
<h3>Why Sector Rotation?</h3>
Small-cap stocks surged amid expectations that rate cuts would improve conditions for these companies. This is especially true as lower rates will lead to reduced borrowing costs, which help businesses expand their operations more easily, resulting in increased profitability. Many small and mid-caps companies have more floating debt than their larger counterparts.
High-dividend-yield sectors such as utilities and real estate will be the biggest beneficiaries of the rate cuts, given their sensitivity to interest rates. This is especially true as these offer higher returns due to their outsized yields. In real estate, lower rates can boost housing market activity by making mortgages more affordable. Additionally, securities in capital-intensive sectors like telecom will also benefit from lower rates. Businesses will also face lower loan rates over time.
Lower rates will also have a positive impact on consumer discretionary and financial services. Reduced borrowing costs can lead to increased consumer spending for consumer discretionary sectors. In the financial sector, while lower rates can compress net interest margins for banks, they can also encourage lending and potentially lead to increased consumer and business loan activity.
<h3>ETFs in Focus</h3>
iShares U.S. Home Construction ETF &ndash; Up 6.2%
iShares U.S. Home Construction ETF provides exposure to U.S. companies that manufacture residential homes by tracking the Dow Jones U.S. Select Home Construction Index.
With an AUM of $2.5 billion, iShares U.S. Home Construction ETF holds a basket of 44 stocks, with a heavy concentration on the top two firms. The product charges 40 bps in annual fees and trades in a heavy volume of around 2 million shares a day, on average. iShares U.S. Home Construction ETF has a Zacks ETF Rank #3 (Hold) with a High risk outlook.
Invesco WilderHill Clean Energy ETF &ndash; Up 5.8%
Invesco WilderHill Clean Energy ETF offers exposure to companies that are publicly traded in the United States and engaged in the business of advancement of cleaner energy and conservation. It follows the WilderHill Clean Energy Index and holds 71 stocks in its basket.
Invesco WilderHill Clean Energy ETF has amassed $296.2 million in its asset base and trades in a solid volume of around 383,000 shares a day. It charges investors 66 bps in fees per year.
Virtus LifeSci Biotech Clinical Trials ETF &ndash; Up 5.4%
Virtus LifeSci Biotech Clinical Trials ETF offers exposure to companies with promising drugs in clinical human trials that have not yet been approved by the FDA or gone into production. It follows the LifeSci Biotechnology Clinical Trials Index and holds 104 securities in its basket, with none accounting for more than 2.9% share.
Virtus LifeSci Biotech Clinical Trials ETF amassed $10.5 million in its asset base and charges 79 bps in fees per year from its investors. It trades in an average daily volume of 4,000 shares and carries a Zacks ETF Rank #2 (Buy) with a High risk outlook.
iShares Micro-Cap ETF &ndash; Up 4.9%
iShares Micro-Cap ETF offers exposure to very small public U.S. companies by tracking the Russell Microcap Index. It holds a large basket of 1,476 stocks with each accounting for no more than 0.5% of assets. IWC has key holdings in healthcare, financials, industrials and information technology with double-digit exposure each.
iShares Micro-Cap ETF has amassed $788.3 million in its asset base and trades in a volume of 27,000 shares a day on average. It has a Zacks ETF Rank #3 with a High risk outlook.
SPDR S&amp;P Regional Banking ETF &ndash; Up 4.2%
SPDR S&amp;P Regional Banking ETF provides exposure to the regional banks segment by tracking the S&amp;P Regional Banks Select Industry Index. It holds 141 stocks in its basket, with each accounting for no more than 2.4% of the assets.
SPDR S&amp;P Regional Banking ETF has AUM of $2.4 billion and charges 35 bps in annual fees. It trades in an average daily volume of 12 million shares and has a Zacks Rank #4 (Sell) with a High risk outlook.
<a href="https://www.zacks.com/stock/news/2300847/inflation-cools-in-june-triggers-spike-in-laggard-etfs?cid=CS-BENZ-FT-etf_news_and_commentary-2300847">To read this article on Zacks.com click here.</a>

iShares Dow Jones US Homenstruction Index Fund

Inflation Cools in June, Triggers Spike in Laggard ETFs

ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) shares are trading <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">higher on the bourses Thursday.</a>
The company announced the appointment of a Chief Financial Officer, Chief Development Officer for Software, and a new member of the Board of Directors.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, CHPT stock has lost over 78% in the past year. Investors can gain exposure to the stock via SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and&nbsp;Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Mansi Khetani has been appointed Chief Financial Officer, effective July 9, 2024. Khetani has been with ChargePoint since 2018, previously leading Financial Planning and Analysis efforts before becoming interim CFO in November 2023.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39266845/xpengs-mona-sub-brand-following-nios-onvo-launches-debut-model-m03-powered-by-byd-batteries" rel="noreferrer noopener">XPeng&#8217;s Mona Sub-Brand Following NIO&#8217;s Onvo? Launches Debut Model M03 Powered By BYD Batteries</a>
Ash Chowdappa has joined ChargePoint as Chief Development Officer for Software, where he will lead the Software team across all regions, products, and segments.&nbsp;
Mitesh Dhruv has joined ChargePoint&#8217;s Board and will serve as a member of the Audit Committee.&nbsp;
&#8220;Each brings unique capabilities that will help us continue to make ChargePoint the platform of choice for everyone who wants to offer EV charging and they share a deep passion to build something that is better than all other alternatives,&#8221; said Rick Wilmer, CEO of ChargePoint.
Last month, the company inked a pact with LG Electronics&nbsp;to build a strategic partnership for<a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/b39376465/lg-and-chargepoint-join-forces-to-innovate-ev-charging" rel="noreferrer noopener"> future innovations in EV charging</a>.
The initial result of this partnership will be commercial charging solutions integrating ChargePoint&#8217;s top-tier charger management software with LG&#8217;s advanced EV charging hardware, which is set to commence deliveries later this summer.
Recently, the company also inked a pact with Porsche Cars North America that will increase the number of chargers available to Porsche customers to more than 100,000 across North America.
Price Action: CHPT shares are trading higher by 2.09% to $1.95 at last check Thursday.
Photo via Wikimedia Commons
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Management

What's Going On With ChargePoint Shares Today?

Enovix Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) shares are jumping after the company signed a deal to supply silicon batteries and packs <a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/g39474952/enovix-signs-agreement-to-deliver-high-performance-batteries-for-mixed-reality-headset" rel="noreferrer noopener">for mixed reality headsets</a>.
As per the terms, Enovix expects to receive an initial one-time payment for tooling to facilitate battery pack dimensions and subsequent payments for supplying both sample and production quantities. The financial terms were not disclosed.
Enovix&#8217;s high-performance batteries feature a proprietary architecture and manufacturing process that replaces graphite with a 100% active silicon anode, resulting in top-tier energy density.
Dr. Raj Talluri, President and CEO of Enovix, stated, &#8220;This agreement with a leading customer underscores the need for a better battery in the exciting mixed reality market and validates our strategy of focusing on stringent smartphone product requirements.&#8221;&nbsp;
&#8220;Our vertically integrated pack manufacturing, enhanced by the acquisition of Routejade, positions us to succeed in adjacent markets like IoT.&#8221;
Notably, in May, Enovix shipped the first samples of its EX-1M silicon batteries from its Fremont facility and by June, the company had started producing EX-1M battery samples at its Fab2 facility in Malaysia.
According to IDC, global shipments of virtual reality and augmented reality headsets are projected to increase to slightly above 35 million units by 2028 from nearly 10 million units in 2024.
Last month, the company reported quarterly sales of $5.272 million, beating the analyst consensus estimate of $3.779 million by 39.53% and losses of 31 cents per share, which missed the analyst consensus <a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38590611/whats-going-on-with-enovix-stock-after-earnings" rel="noreferrer noopener">estimate of losses of 29 cents by 6.9%</a>.
Enovix stock gained&nbsp;around 19%&nbsp;in the last 12 months. Investors can gain exposure to the stock via&nbsp;Tidal Trust II YieldMax Ultra Option Income Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULTY#NYSE">ULTY</a>) and Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>).
Price Action: ENVX shares are up 30% at $15.65 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image from Shutterstock

ENVX

ULTY

Why Battery Company Enovix Stock Is Surging Today

As <a href="https://www.benzinga.com/topic/2024-presidential-election">the 2024 U.S. Presidential election</a> approaches, the energy sector stands at a crossroads. 
Potential shifts in policy could significantly impact both traditional and <a href="https://www.benzinga.com/topic/clean-energy">clean energy markets</a>.
According to <a href="https://markets.jpmorgan.com/research/email/scx/qijkd11j/LK2zzrWZCAlD7mRxHsWnxA/GPS-4675360-0">insights</a> from JPMorgan's Strategic Research team, the outcome of the election between incumbent President Joe Biden and Ex-President Donald Trump could lead to varying scenarios. 
Each of these scenarios has distinct implications for investors and companies in the sector.
<h3 class="wp-block-heading">1. Biden Presidency, Split Congress</h3>
<ul>
<li>Clean Energy: This scenario is seen as the lowest risk for the clean energy sector. A divided Congress would likely maintain the status quo, making it difficult to roll back or repeal the <a href="https://home.treasury.gov/news/press-releases/jy2376">Inflation Reduction Act</a> (IRA) incentives. This stability is favorable for companies relying on federal clean energy incentives. Under Biden, hundreds of billions of dollars were put toward <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/04/04/biden-harris-administration-announces-historic-20-billion-in-awards-to-expand-access-to-clean-energy-and-climate-solutions-and-lower-energy-costs-for-communities-across-the-nation/">incentives</a> for green energy.</li>
<li>Traditional Energy: The regulatory environment under Biden is expected to remain challenging, but stable. Companies have adapted to tighter regulations, which have not hindered record oil and gas output in the U.S. During Biden&#8217;s presidency, the U.S. <a href="https://www.eia.gov/todayinenergy/detail.php?id=61545">set a record</a> for crude oil production. In 2023, it outpaced what all other countries — including Saudi Arabia — have ever produced in one year. </li>
</ul>
<h3 class="wp-block-heading">2. Trump Presidency, Split Congress</h3>
<ul>
<li>Clean Energy: This scenario raises the risk profile slightly. A split Congress would make it challenging to repeal IRA incentives; Trump — who <a href="https://www.nytimes.com/interactive/2020/climate/trump-environment-rollbacks-list.html">rolled</a> back more than 100 pro-environmental policies during his administration — will likely slow their implementation by reducing funding to relevant departments. He may also impact grant and loan spending. </li>
<li>Traditional Energy: Trump — who <a href="https://apnews.com/article/trump-hannity-dictator-authoritarian-presidential-election-f27e7e9d7c13fabbe3ae7dd7f1235c72">vowed</a> to be a dictator on &#8220;day one&#8221; so he can &#8220;drill, drill, drill" — could ease regulations, potentially increase access to resources on federal lands and reduce regulations, thereby supporting more exports.</li>
</ul>
<h3 class="wp-block-heading">3. Trump Presidency, Republican Congress</h3>
<ul>
<li>Clean Energy: This is considered the highest-risk scenario for clean energy. A Republican majority could partially repeal the IRA through a reconciliation bill, particularly targeting unspent funds. However, full repeal is unlikely due to significant investments in Republican states.</li>
<li>Traditional Energy: The sector could benefit from reduced regulations and increased resource access. Policies encouraging more energy exports, such as LNG, could positively impact the long-term gas market.</li>
</ul>
JPMorgan did not explore the scenario of a Biden presidency and Democrat Congress.
Also Read: <a href="https://www.benzinga.com/news/24/05/39012457/enphase-stock-surges-amid-bidens-tariff-boost-on-chinese-solar-imports">Enphase Stock Surges Amid Biden&#8217;s Tariff Boost On Chinese Solar Imports</a>
<h3 class="wp-block-heading">Clean Energy Stocks</h3>
<ul>
<li>Valuation and Sentiment: Clean energy stocks, including those in electric vehicle (EV) charging and green hydrogen, have lagged due to weak fundamentals. Election outcomes could exacerbate this trend, especially under a Republican sweep.</li>
<li>Loan Programs: A Republican sweep might curtail the DOE Loan Programs Office's authority, negatively impacting companies seeking non-dilutive funding for capex-intensive projects.</li>
<li>Subsidies and Tariffs: Potential downsizing or repeal of subsidies for EVs and tightening of charging incentives are risks. However, protectionist measures like <a href="https://www.benzinga.com/markets/asia/24/05/38824198/biden-announces-massive-tariffs-on-chinese-imports-to-protect-us-industries-clean-energy-solar-stock">tariffs on Chinese imports</a> are likely to remain, regardless of the administration.</li>
</ul>
Investors in the iShares Global Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NYSE">ICLN</a>), the First Trust NASDAQ Clean Edge Green Energy Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NYSE">QCLN</a>) and the Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) must take heed of these observations.
<h3 class="wp-block-heading">Traditional Energy Stocks</h3>
<ul>
<li>Regulations: The Trump administration could ease regulations and increase resource access, but ongoing legal and political challenges could continue to <a href="https://www.benzinga.com/news/24/05/38997165/trumps-policies-for-money-transaction-with-big-oil-under-investigation-by-senate-democrats-cronyism">shape the regulatory landscape</a>.</li>
<li>Refiners: Refiners might benefit from the continuation of Trump-era corporate tax cuts. However, geopolitical tensions, such as those in the Middle East, could pose risks to crude supply and impact refiner margins.</li>
</ul>
Investors in the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), the Vanguard Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDE#NYSE">VDE</a>) and the Alerian MLP ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMLP#NYSE">AMLP</a>) may want to adjust their positioning based on these observations.
<h3 class="wp-block-heading">Utility and Renewables </h3>
<ul>
<li>Regulated vs. Unregulated: Unregulated renewables are more sensitive to election outcomes, while regulated utilities are less affected. A Biden re-election could be a catalyst for renewables to regain ground lost in 2023.</li>
<li>IRA Resilience: Core utility and renewable energy provisions of the IRA are expected to be resilient, though a Trump victory could create uncertainty until policy clarity emerges.</li>
</ul>
See Also: <a href="https://www.benzinga.com/markets/esg/24/05/38759168/solar-is-leaving-wind-in-the-dust-as-world-renewable-energy-hits-new-high">Solar Is Leaving Wind In The Dust As Renewables Hit New High</a>
Utility sector investors such as those invested in the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>), the Global X US Infrastructure Development ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAVE#NYSE">PAVE</a>) or the Vanguard Utilities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VPU#NYSE">VPU</a>) must take note of such observation.
For those looking to get exposure to renewables, the ICLN, QCLN and PBW ETFs are popular capital market funds in the space.
<h3 class="wp-block-heading">Investment Considerations</h3>
Investors should monitor the evolving political landscape as the election approaches. The potential for policy shifts under different election scenarios underscores the importance of a diversified portfolio. 
As always, staying informed and agile in response to political developments will be key to navigating the energy sector&#8217;s challenges and opportunities in the run-up to the 2024 election.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39082854/exclusive-will-trumps-possible-return-to-power-make-bitcoin-ethereum-go-boom-or-bus">EXCLUSIVE &#8211; Will Trump&#8217;s Possible Return To Power Make Bitcoin, Ethereum Go Boom Or Bust? Experts Weigh In On Crypto&#8217;s Regulatory Future</a>
Image: Shutterstock

Specialty ETFs

AMLP

iShares S&P Global Clean Energy Index Fund

ICLN

PAVE

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN

What A Biden Or Trump Victory Might Mean For The Energy Sector

백악관이 모든 연방 보조금과 대출에 대한 일시적인 동결을 명령하면서 3조 달러의 자금이 재검토를 받게 되었고, 이는 의회의 재정 권력에 대한 법적 및 정치적 충돌의 무대를 설정하여 <a href="https://www.benzinga.com/markets" target="_blank" rel="noopener" data-google-interstitial="false">광범위한 산업</a>에 큰 영향을 미칠 수 있다.
이 지침은 월요일에 예산관리국(OMB)에 의해 발행되었고 여러 언론 매체에 의해 수신되었다. 모든 연방 기관은 프로그램이 도널드 트럼프 대통령의 정책 우선사항과 일치하는지 검토되는 동안 지급을 중단해야 한다.
여기에는 새로운 수여 중단, 기존 프로젝트에 대한 지급 및 자금 지원도 포함된다.
이 명령의 정확한 재정적 영향은 불확실하다. 예산 전문가들은 <a href="https://www.washingtonpost.com/business/2025/01/28/trump-spending-freeze-upends-washington-triggering-legal-threats-delays/">워싱턴 포스트</a>를 인용하여 적어도 수백억 달러가 걸려 있다고 언급했지만, 백악관 지침은 총액이 훨씬 더 높을 수 있음을 시사한다.
2024 회계연도에 연방 정부가 지출한 거의 10조 달러 중 3조 달러 이상이 연방 재정 지원이었다. 매튜 배스(Matthew Vaeth) OMB 대행 국장이 메모에서 밝혔다.
&#8220;재정 지원은 행정부의 우선사항을 발전시키는 데 전념해야 한다&#8221;고 배스가 말하며 &#8220;연방 자원을 마르크스주의적 평등, 성전환주의 및 그린 뉴딜 사회 공학 정책을 추진하는 데 사용하는 것은 납세자 자금의 낭비로서 우리가 봉사하는 사람들의 일상 생활을 개선하지 않는다&#8221;고 덧붙였다.
백악관은 사회 보장(사회보험)과 메디케어는 영향을 받지 않는다고 밝혔다. 이 광범위한 중단은 연방 지원에 의존하는 대학, 비영리 단체, 계약자 및 민간 회사들에 대한 자금 지원을 위협한다.
&#8220;이 메모의 어떤 내용도 메디케어나 사회 보장 혜택에 영향을 미친다고 해석되어서는 안 된다&#8221;라고 이 메모가 명시했다.
즉각적인 초점은 기관들이 면제를 처리하는 방법에 있을 것이다. OMB 메모는 연방 부서가 개별 승인을 요청할 수 있도록 허용하므로 일부 자금은 여전히 흐를 수 있지만, 과정은 느리게 진행되고 정치적으로 긴장이 고조될 가능성이 높다.
연방 기관들은 2025년 2월 10일까지 OMB에 어떤 프로그램, 프로젝트 및 활동이 자금 중단의 영향을 받는지를 자세히 보고해야 한다.
<h3 class="wp-block-heading">연방 자금을 둘러싼 법적, 정치적 충돌</h3>
이번 조치는 비영리 단체와 민주당 주들로부터 법적 도전을 촉발하고 있다.
발표 몇 시간 내에 뉴욕, 일리노이 및 오리건의 연방 법원에 소송이 제기되어 트럼프가 의회에서 승인된 지출을 유보할 권한이 없다고 주장했다.
척 슈머 상원 소수당 원내대표는 의회가 승인한 투자는 법적으로 의무화되어 있으며 대통령은 연방 자금에 대한 일방적인 행정 통제를 제한하는 1974년 압류 통제법을 무효화할 권한이 없다고 주장하면서 가장 먼저 반발했다.
트럼프는 1974년 법이 위헌이라고 오랫동안 주장해왔으며, 과거 대통령들은 이 법이 통과되기 전에는 지출에 대해 훨씬 더 많은 재량권을 가지고 있었다고 말했다.
<h3 class="wp-block-heading">어떤 산업들이 어려움에 직면할 수 있을까?</h3>
가장 큰 타격을 받을 수 있는 섹터는 클린 에너지, 국방, 건강 관리 및 교육 분야일 수 있다. 최근 몇 년 동안 연방 자금이 투자 및 성장을 주도하는 데 중요한 역할을 했다.
트럼프의 OMB 메모는 기후 이니셔티브와 청정 에너지 프로그램을 명시적으로 겨냥했다. 연방 자금 동결 이후 태양광 및 재생 가능 에너지 회사들의 주가가 가장 큰 타격을 받았다.
Invesco Solar ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>)와 Invesco Wilderhill Clean Energy ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>)는 각각 2%, 1.3% 하락했다.
선노바 에너지 인터내셔널(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>)는 12% 하락했고, 선런(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>)은 9.2% 하락했으며 솔라엣지 테크놀로지스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>)는 5% 하락했다.
록히드 마틴(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), RTX(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) 및 노스롭 그루먼(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>)과 같은 방산 계약자들도 불확실성이 증가할 수 있다. 군사 지출이 전면적으로 삭감될 가능성은 낮지만, 여러 방산 계약자들은 연구 개발을 위한 연방 보조금에 의존하고 있다.
건강 관리에 미치는 영향은 불확실하다. 메디케어는 보호되지만, 병원, 관리 의료 제공자 및 제약 회사들을 지원하는 메디케이드 자금은 위험에 처할 수 있다.
HCA 헬스케어(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>)와 유니버설 헬스 서비스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>)는 각각 1% 및 1.4% 하락했으며, 테넷 헬스케어(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>)는 화요일에 회복세를 보였다.
다음 읽기:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43281252/fed-set-to-signal-no-rush-to-cut-rates-as-wall-street-awaits-policy-clarity">연준, 금리 인하 서두르지 않을 것 신호 예정 &#8211; 월스트리트가 정책 명확성 대기 중</a></li>
</ul>
사진 출처: Shutterstock.
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Invesco WilderHill Clean Energy ETF

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