Solar power is surging across the U.S. as costs plummet and companies ramp up large-scale commercial projects, but experts say the green industry faces an uncertain future as the Trump administration scraps federal subsidies that have helped foster growth of the clean energy sector.
Last year, more than 90% of all new U.S. electrical generating capacity came from renewable sources, with solar power accounting for more than 81% — the largest single-year increase from any energy source in two decades, according to the U.S. Department of Energy.
CNHI News Service
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From left, Interior Secretary Doug Burgum, Energy Secretary Chris Wright and EPA Administrator Lee Zeldin smile after posing for a photo with the Trans-Alaska Pipeline in the background after a news conference at the Pump Station 1 on Monday, June 2, 2025, located near Deadhorse, Alaska, on the state’s prodigious North Slope. (AP Photo/Jenny Kane)
Envinity Solar employees Josh Fisher, left, TJ Barnhart, Matt Hansen and John Delahanty install solar panels on the roof of St. Andrew’s Episcopal Church in Lewisburg, Pennsylvania.
Elena Schlossberg and her husband bought their property in Prince William County, Virginia, in 2000. Over the years, the rise of artificial intelligence has transformed their bucolic community into a major hub for data centers, and Mrs. Schlossberg isn’t standing for it.
Spurred to action by an Amazon Web Services data center project in 2014, Schlossberg founded the Coalition to Protect Prince William County. This grassroots organization aims to defend the community against the impact data centers have on residents’ quality of life. Despite the Coalition’s efforts, the county is now home to 44 data centers operated by various tech companies, with 15 more under construction, according to its latest tax revenue report.
“It’s not like I’m anti-data,” Schlossberg told Gizmodo. “But the way they are growing cannot continue.”
Prince William County is a microcosm of a larger phenomenon that’s taken root in rural America in recent years—particularly in low-income areas and communities of color. Data center construction is surging nationwide to support AI’s rapid growth. While some may see opposition as overhyped NIMBYism, experts and community leaders warn of very real consequences for Americans, including rising utility costs, environmental concerns, and public health risks.
If you don’t already have one in your hometown, there’s a good chance that will change in the near future. Here’s what it could mean for you.
Less money in your pocket
Proponents of data centers often argue that these facilities bring jobs and tax revenue to rural communities. In practice, however, these benefits haven’t been fully realized.
“I don’t think that the case is super compelling for what these data centers are bringing to the table,” Ben Green, an assistant professor at the University of Michigan’s School of Information, told Gizmodo. “And I think that is borne out by just how many communities are pushing back against them.”
A data center project may provide thousands of short-term construction jobs in the beginning, but once the facility is up and running, it typically only requires several dozen staffers to oversee operations. According to Green’s research, data centers do not bring in permanent, high-paying tech jobs because they operate as infrastructure projects rather than traditional businesses.
What’s more, data centers may eliminate long-term jobs already available to the community by purchasing land from local businesses. Schlossberg points to Merrifield Garden Center in Gainesville, Virginia, as one example. The nursery is set to close in December after selling its 38 acres to a data center developer for $160 million, the Prince William Times reports.
Tax revenue can be a real benefit, Green said, but much of this is offset by tax breaks provided to the billion-dollar tech companies building data centers. “It’s not clear why we should be giving these companies—which are the wealthiest in the world—money to come and essentially tap the region’s resources,” he said.
And the strain they put on local resources can be immense. Data centers consume huge amounts of water and electricity, driving up utility costs for residents. Meanwhile, data centers frequently negotiate lower energy rates through bulk power purchasing agreements (PPAs) with utility companies.
In August 2024, for example, Meta signed two long-term PPAs for solar energy production in Illinois and Louisiana. While solar PPA prices have held steady, energy prices for residents have increased more than 20% in Clark County, Illinois, and 39% in Laffite, Louisiana, according to Green’s research.
Power-hungry data centers won’t just impact your wallet, however. To meet rising energy demand, many communities have been forced to keep fossil fuel plants open, Green explained. And when the overstressed electric grid fails, most data centers rely on diesel backup generators. This leads to air pollution that poses significant risks to local health and the environment.
Greater risks to your health
Shaolei Ren, an associate professor of electrical and computer engineering at the University of California, Riverside, is a co-author of a recent study that investigated the air pollution produced by data centers—primarily their backup generators and electricity usage.
The findings, which are undergoing peer review, suggest that the total public health burden of U.S. data centers will cost more than $20 billion per year by 2028, double that of U.S. coal-based steelmaking.
But what does this mean on a local scale? Well, Ren and his colleagues also found that both electricity consumption and backup generator usage impact the local air quality around data centers, emitting pollutants such as PM2.5, sulfur dioxide, and nitrogen dioxide. Studieshavelinked long-term exposure to these pollutants to adverse health outcomes and premature death.
“We found that in certain areas like Northern Virginia, the direct impact is really substantial,” Ren told Gizmodo. The analysis shows that—assuming the actual emissions are only 10% of the permitted level—the data center backup generators registered in Virginia could already cause 14,000 asthma symptom cases and other health outcomes.
This equates to a total public health burden of $220 million to $300 million per year, impacting residents not just in the immediate vicinity of data centers but in multiple surrounding states and as far south as Florida.
“These air pollutants are traveling hundreds of miles,” Ren explained. “But most of the pollutants are concentrated within 50 miles [of the data centers].”
What experts say you can do about it
Schlossberg and the Coalition to Protect Prince William County have become a model for communities looking to organize against local data center projects. She speaks with people across the country, helping them form their own grassroots efforts to push back against the impact of data centers on their lives.
Her word of advice? “Never give up, even when you’ve lost.” Standing up to some of the largest corporations in America is no easy feat, but it will make a difference, she said. And there are plenty of solutions you can advocate for, according to Ren and Green.
Ren highlights fighting for policies that require data centers to switch to tier 4 diesel backup generators, designed with state-of-the-art emission control technologies to meet the most stringent air quality standards. Green emphasizes urging policymakers to repeal tax breaks for data centers and demanding greater transparency around their water and energy use.
“Your community is your firewall,” Schlossberg said. “What we are doing now—town by town, city by city—is mitigating the damage to save what we can until this bubble bursts.”
TOKYO—President Trump said Japanese auto giant Toyota is poised to invest $10 billion in auto plants in the U.S., coming as Tokyo released some details about the over half a trillion dollars it has pledged to invest in America as part of a trade deal.
Trump made the remark while addressing U.S. military personnel in Japan, saying that Japanese Prime Minister Sanae Takaichi told him of the carmaker’s plan.
I’d recommend PEMF until I’m blue in the face, but the calming-yet-energizing technology is truly something you need to experience to believe. The Heat Healer Compact Energy Mat is already the most affordable PEMF mat I’ve found, and the current 25% markdown makes it a total no-brainer for anyone who wants to enhance their health, well-being, and longevity.
We can live very different lives during the same week. A weekday version of you may go to a 9-to-5 office job, hit up a yoga class after work, and be tucked into bed at a reasonable hour (so you can do it all again tomorrow). On weekends, you may have a more sporadic schedule filled with social events that keep you up late.
Coba bathhouse CEO Memphis Orion (from left), chief creative officer Jon Medina and chief strategic officer Adam Lerner sit in their “Cobacita” — a mobile sauna — which is parked at the company’s property in La Alma/Lincoln Park. Oct. 10, 2025.
Kevin J. Beaty/Denverite
The team behind Coba is a long way from realizing its grand vision to put a pool-packed wellness mecca south of downtown Denver.
So, for the moment, the company — named by combining the words “Colorado” and “bathhouse” — has settled for a sauna on wheels.
A custom-built trailer, called the Cobacita, sits at the site of the planned bathhouse in the La Alma neighborhood near Denver’s Auraria Campus. Behind a set of folding glass doors, visitors will find rounded cubbies for their belongings and curtains blocking off a pair of changing areas.
The sauna itself offers benches for 16 people around a wood-burning stove. Cold plunge pools, of course, await outside to reduce inflammation and shock anyone’s frayed nervous system back into the embodied present. It’s all meant to offer a preview of the far more ambitious plans for the former industrial site at 1339 N. Osage St.
Coba aims to eventually transform the property into a new type of cultural destination in Denver.
Over the next few years, the company plans to renovate a pair of brick buildings built shortly after World War II. The company spent $3.5 million to buy the property late last year.
One will house a reception desk, locker rooms and a café. The other is set to transform into an 8,500-square-foot bathhouse packed with 13 different spa amenities, including saunas, hot tubs, a steam room and float pools. The entire complex will have capacity for more than 400 people, according to planning documents.
“Imagine a spa that’s as accessible as a beer garden,” said Adam Lerner, the company’s chief strategic officer.
Similar bathhouses have proven popular in New York City and San Francisco. There are also a number of traditional bathhouses in the Denver area already, including a traditional Korean bathhouse in Aurora and a Russian bathhouse on Colfax.
Memphis Orion, the company’s CEO, wants to build on traditional bathhouse culture to take advantage of the rising skepticism of alcohol among Generation Z. Someday, he imagines, the bathhouse could provide an alternative “third place” where Denverites can gather, instead of a bar or a brewery.
“We’re providing another opportunity for people to come together, down-regulate and have an experience that’s more about being connected with each other,” Orion said.
Not exactly a hot spring, but geothermal
Public bathhouses have offered an oasis in cities like Tokyo and Budapest for centuries.
Those locations often relied on local resources to create communal spaces. In Japan, for example, traditional sentos have heated pools by burning scrap wood from nearby demolition projects. Most residents now bathe instead in water piped over long distances and heated by natural gas.
Coba aims to take advantage of a different local resource: geothermal energy. Last week, the Colorado Energy Office announced the project had earned a $526,200 state tax credit to build a thermal energy network in Denver.
The system will rely on a series of 500- to-800 foot boreholes drilled beneath an existing parking lot. At those depths, the Earth’s temperature barely changes with the seasons, hovering at around 50 degrees Fahrenheit year-round.
By linking the boreholes to heat pumps, the bathhouse would use electricity to harvest the ambient underground energy to heat its indoor spaces. In the summer, the system could work in reverse to shift heat underground and cool occupants.
It’s a concept already helping Colorado Mesa University, in Grand Junction, save thousands of dollars on its energy costs. On a smaller scale, individual homeowners can tap steady underground temperatures by drilling wells straight into their backyards.
Coba can’t build a big enough borehole field at its current site to serve all its energy needs. In the short term, the bathhouse plans to rely on natural gas to heat water for its many planned hot tubs. But Orion has also started conversations with Domo — a Japanese restaurant next door — about someday expanding the geothermal network across both properties.
With a big enough system, the bathhouse could someday resemble something closer to a natural hot spring. Only instead of geological cracks bringing hot water to the surface, modern technology would let visitors bathe in energy harvested from Earth’s shallow crust.
Gov. Jared Polis has made it a priority to jump-start a geothermal energy industry in Colorado. In a written statement, Ari Rosenblum, a spokesperson for the Colorado Energy Office, said Coba received a tax credit because the project aligns with state goals to cut climate-warming emissions and adopt innovative clean energy solutions.
Don’t get your bathing suits just yet
It’s unclear exactly when Coba will open its public bathhouse — or what it will cost to visit.
The company is still raising capital and considering loans to support construction, and it’s waiting for city officials to approve initial plans for the facility. Orion declined to say when the company expects to open the bathhouse, but it’s already allowing people to book sessions inside its Cobacita sauna currently located on-site.
The company will offer memberships and one-time drop-in visits, but it hasn’t yet detailed how much visitors will pay for either option. Lerner, however, insisted the price won’t exceed the cost of a nice lunch out.
“We believe that deep relaxation should be a part of the flow of your daily life, not a kind of escape from your life that you do once or twice a year. It’s priced to allow you to come four or five times a month,” Lerner said.
Lerner has some experience attracting visitors to less traditional cultural experiences. In 2019, he stepped down as the director and chief animator of the Museum of Contemporary Art Denver.
He hopes the bathhouse will offer a different type of civic gathering space built around relaxation. Once it’s fully established, he expects roughly 300,000 people will visit the facility annually, lured by the prospect of deep relaxation at an affordable price.
“This is the next evolution in leisure. It’s a lack we’re making up for,” Lerner said.
Allspring Global Investments Holdings LLC increased its position in shares of Expand Energy Corporation (NASDAQ:EXE – Free Report) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,136 shares of the company’s stock after purchasing an additional 587 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Expand Energy were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in EXE. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Expand Energy during the 1st quarter worth $3,757,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Expand Energy in the first quarter valued at about $1,179,000. Wedbush Securities Inc. acquired a new position in shares of Expand Energy in the first quarter valued at about $210,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Expand Energy in the first quarter valued at about $1,383,000. Finally, Bessemer Group Inc. bought a new position in Expand Energy during the first quarter worth about $75,000. 97.93% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Mizuho set a $136.00 price objective on shares of Expand Energy in a report on Monday, September 15th. Siebert Williams Shank cut their price target on Expand Energy from $142.00 to $128.00 in a research note on Wednesday, July 16th. Scotiabank restated an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. Wolfe Research cut their target price on Expand Energy from $150.00 to $148.00 in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a research report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Expand Energy presently has a consensus rating of “Moderate Buy” and an average target price of $127.62.
In other news, COO Joshua J. Viets acquired 2,000 shares of the stock in a transaction dated Monday, August 18th. The stock was bought at an average price of $92.16 per share, with a total value of $184,320.00. Following the completion of the purchase, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at $5,684,060.16. This represents a 3.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average price of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the transaction, the chief executive officer owned 166,715 shares in the company, valued at $15,981,299.90. This trade represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is owned by corporate insiders.
Expand Energy Stock Down 1.6%
EXE stock opened at $104.39 on Thursday. The firm has a 50-day moving average price of $99.99 and a 200-day moving average price of $105.76. Expand Energy Corporation has a 12 month low of $82.69 and a 12 month high of $123.35. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $24.86 billion, a P/E ratio of 267.67 and a beta of 0.47.
Expand Energy (NASDAQ:EXE – Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%.The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $2.09 billion. As a group, equities research analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.
Expand Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.2%. Expand Energy’s payout ratio is currently 589.74%.
Expand Energy Corporation is an independent natural gas producer principally in the United States. Expand Energy Corporation, formerly known as Chesapeake Energy Corporation, is based in OKLAHOMA CITY.
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Power lines hang over an alley in Athmar Park. July 11, 2023.
Kevin J. Beaty/Denverite
On Sunday, Xcel issued a warning that it might shut off power ahead of high winds on Monday in Denver and surrounding counties. The shutdown never happened, but it made us wonder: How often does Xcel shut off power, what goes into that decision and how does it work?
During bouts of high winds and dry temperatures, Xcel Energy has two ways to reduce the risk that a powerline will spark a fire.
The first option is less dramatic.
On days like Monday, Xcel changes how it handles problems with lines.
Normally, if a tree branch or other debris falls on a power line, it will reset automatically, as long as the object doesn’t stay on the line.
But during high winds, “Enhanced Powerline Safety Settings” (EPSS) can be enacted. In this mode, debris causes a line to turn off immediately. It will only come back on once someone from Xcel checks the line.
According to a video from Xcel, patrols are done by aerial inspection, by truck or on foot. Once it’s cleared, they’ll turn the power line back on. Xcel enacted this protocol on Monday, and it may have led to some power outages. Xcel was not able to provide a number.
There’s also a more extreme preemptive measure.
Xcel can shut down lines if they’re near active wildfires or if there’s extreme risk, which it considered doing on Monday. This is known as the “Public Safety Power Shutoff” (PSPS) plan. The utility warned that shutdowns might be necessary for up to seven hours, but they didn’t ultimately happen.
According to Xcel’s website, the PSPS measure is not a step it takes “lightly.” It’s a five-stage plan that starts 72 hours before the power shuts off and ends 72 hours after the “all clear.”
Xcel previously did preemptive shutdowns in April 2024, when winds spiked to around 100 mph. About 55,000 people around the northern Front Range were without power as a result of the PSPS, according to the Colorado Department of Regulatory Agencies, and roughly 100,000 more lost power through unplanned outages.
Xcel said it communicates with customers as soon as the forecast includes extreme weather.
The risks of fire are extreme — both for utilities and the public.
Xcel launched its wildfire mitigation program in 2020, which includes shutdown, community outreach and resources during shutdowns. Xcel plans to spend about $1.9 billion on wildfire mitigation through 2027, including on measures like burying power lines.
In 2021, the Marshall Fire destroyed nearly 1,000 buildings in Boulder and Jefferson counties. It began as two fires – including one that investigators said was sparked by an Xcel powerline.
Xcel and two telecom companies recently settled a lawsuit over the fire for $640 million. Xcel admitted no fault.
WASHINGTON—President Trump has announced substantial new sanctions on Russia’s two biggest oil companies as frustration in Washington grows over the war in Ukraine.
The new sanctions, which would be the first direct U.S. measures on Russia during the second Trump administration, target Lukoil and Rosneft as well as nearly three dozen of their subsidiaries. Oil is one of Russia’s largest sources of revenue.
In the 10 years since the signing of the Paris Agreement, the backbone of international climate action, humanity has made impressive progress. Renewable energy is increasingly cheap and reliable, while electric vehicles are becoming better every year.
By virtually every key metric used to measure progress, though, we are still lagging behind where we would need to be to avert the worst effects of climate change, according to a report released Wednesday by a coalition of climate groups—and we’re running out of time to right the ship.
“All systems are flashing red,” Clea Shumer, a researcher at the World Resources Institute, one of the organizations involved in the report, said last week on a call with reporters. “There’s no doubt we are largely doing the right things—we are just not moving fast enough.”
The Paris Agreement aims to keep the world from warming more than 1.5 degrees Celsius above preindustrial levels by the end of this century. To measure progress toward this goal, the report looks at emissions from 45 different sectors of the global economy and environment, measuring everything from building electrification to use of coal in the power sector to global meat consumption.
Grimly, none of the indicators the report measures are where they need to be to keep the world on track to meet the goal of limiting warming to 1.5 degrees. Six of the 45 indicators are “off track”—progress is being made, but not fast enough—while almost 30 are “well off track,” meaning progress is much too slow. Five, meanwhile, are headed in the “wrong direction,” meaning the situation is getting worse, not better, and needs an urgent U-turn. (There’s not enough data, the report says, to measure the remaining five indicators, which include peatland degradation and restoration, food waste, and the share of new buildings that are zero-carbon.)
One of the most consistently off-track markers, experts said, was the global effort to phase out coal, one of the largest contributors of greenhouse gas emissions. While coal’s share in global electricity generation did go down slightly in 2024, total coal use actually hit a record high last year thanks to growing electricity demand, especially from China and India. A dirty power grid, Shumer said, has “huge knock-on effects” for other progress indicators like decarbonizing buildings and transportation.
To get on track, the world needs to increase its pace of coal phaseout tenfold, Shumer said. That, she continued, would entail shutting down more than 360 medium-sized coal plants each year and canceling every coal-fired power plant currently in the global development pipeline.
“We simply will not limit warming to 1.5 degrees if coal use keeps breaking records,” Shumer said.’
The Danish wind turbine maker last year unveiled plans to build a new blade factory in Szczecin, near the Baltic Sea coast, to support Europe’s build-out of offshore wind parks.
BOSTON — Attorney General Andrea Campbell has joined about two dozen other Democrats in suing the Trump administration over its decision to pull the plug on a $7 billion solar energy program for low-income households.
The lawsuit, filed in U.S. District Court in Washington, alleges that the U.S. Environmental Protection Agency violated federal law and the Administrative Procedures Act when it terminated the Solar for All program, approved by Congress in 2023 as part of the Biden administration’s Inflation Reduction Act.
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Coterra Energy Inc. (NYSE:CTRA – Free Report) – Stock analysts at Roth Capital dropped their Q1 2026 EPS estimates for Coterra Energy in a note issued to investors on Tuesday, October 14th. Roth Capital analyst L. Mariani now forecasts that the company will post earnings per share of $0.46 for the quarter, down from their previous estimate of $0.75. Roth Capital has a “Buy” rating and a $26.00 price target on the stock. The consensus estimate for Coterra Energy’s current full-year earnings is $1.54 per share. Roth Capital also issued estimates for Coterra Energy’s Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.38 EPS, Q4 2026 earnings at $0.54 EPS and FY2026 earnings at $1.65 EPS.
CTRA has been the subject of several other research reports. JPMorgan Chase & Co. boosted their price target on shares of Coterra Energy from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Scotiabank cut their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a report on Thursday, October 9th. Piper Sandler boosted their price target on shares of Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. UBS Group cut their price target on shares of Coterra Energy from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Mizuho cut their price target on shares of Coterra Energy from $36.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.50.
Shares of NYSE CTRA opened at $22.82 on Thursday. The firm has a market cap of $17.41 billion, a PE ratio of 10.92, a PEG ratio of 0.34 and a beta of 0.29. The firm has a fifty day moving average of $23.80 and a 200 day moving average of $24.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.13. Coterra Energy has a one year low of $22.33 and a one year high of $29.95.
Coterra Energy (NYSE:CTRA – Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.Coterra Energy’s revenue was up 54.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its position in shares of Coterra Energy by 175.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 871 shares of the company’s stock valued at $25,000 after acquiring an additional 555 shares during the last quarter. Raleigh Capital Management Inc. boosted its position in shares of Coterra Energy by 463.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company’s stock valued at $26,000 after acquiring an additional 737 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Coterra Energy during the 1st quarter valued at about $29,000. Bogart Wealth LLC acquired a new position in shares of Coterra Energy during the 2nd quarter valued at about $26,000. Finally, REAP Financial Group LLC boosted its position in shares of Coterra Energy by 190.1% during the 2nd quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock valued at $28,000 after acquiring an additional 726 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.
Coterra Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.9%. Coterra Energy’s dividend payout ratio is presently 42.11%.
Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company’s properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.
See Also
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ConocoPhillips (NYSE:COP – Free Report) had its price objective reduced by Roth Capital from $108.00 to $100.00 in a research note released on Wednesday morning,MarketScreener reports. They currently have a buy rating on the energy producer’s stock. Roth Capital also issued estimates for ConocoPhillips’ Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.23 EPS, FY2025 earnings at $6.25 EPS, Q1 2026 earnings at $1.17 EPS, Q2 2026 earnings at $0.96 EPS, Q3 2026 earnings at $1.21 EPS, Q4 2026 earnings at $1.70 EPS and FY2026 earnings at $5.05 EPS.
A number of other equities analysts have also weighed in on COP. Melius Research started coverage on ConocoPhillips in a research note on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price objective for the company. JPMorgan Chase & Co. upped their price target on ConocoPhillips from $114.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Royal Bank Of Canada lifted their price objective on shares of ConocoPhillips from $113.00 to $118.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. BMO Capital Markets upped their target price on shares of ConocoPhillips from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Finally, Wall Street Zen upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.00.
Shares of COP stock opened at $86.53 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. ConocoPhillips has a one year low of $79.88 and a one year high of $115.38. The company’s fifty day moving average price is $94.04 and its 200-day moving average price is $92.03. The company has a market capitalization of $108.07 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 2.33 and a beta of 0.62.
ConocoPhillips (NYSE:COP – Get Free Report) last issued its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.06. The company had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. ConocoPhillips’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.98 EPS. Sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.
ConocoPhillips Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.6%. ConocoPhillips’s dividend payout ratio is presently 41.88%.
Institutional Trading of ConocoPhillips
A number of large investors have recently made changes to their positions in COP. Navalign LLC lifted its holdings in shares of ConocoPhillips by 1.1% in the 2nd quarter. Navalign LLC now owns 9,918 shares of the energy producer’s stock valued at $890,000 after acquiring an additional 108 shares during the last quarter. Greenfield Savings Bank lifted its stake in shares of ConocoPhillips by 1.2% in the 3rd quarter. Greenfield Savings Bank now owns 9,018 shares of the energy producer’s stock valued at $853,000 after purchasing an additional 108 shares during the last quarter. Tritonpoint Wealth LLC lifted its stake in shares of ConocoPhillips by 1.3% in the 2nd quarter. Tritonpoint Wealth LLC now owns 8,329 shares of the energy producer’s stock valued at $747,000 after purchasing an additional 110 shares during the last quarter. Iowa State Bank boosted its holdings in shares of ConocoPhillips by 0.5% in the 2nd quarter. Iowa State Bank now owns 22,193 shares of the energy producer’s stock worth $1,992,000 after purchasing an additional 110 shares during the period. Finally, Perennial Investment Advisors LLC increased its position in shares of ConocoPhillips by 2.8% during the 2nd quarter. Perennial Investment Advisors LLC now owns 4,097 shares of the energy producer’s stock valued at $368,000 after purchasing an additional 112 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company’s portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.
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“Non-exercise activity thermogenesis” is a fancy way of describing the energy you expend to do everything during the day that is not sleeping, eating, or purposeful exercise (like sports and running or gym workouts). NEAT is achieved1 by just walking around, running to catch the bus, doing yard work, cleaning, even fidgeting. This activity can add up significantly throughout the day.
For decades, rolling blackouts and urgent calls for energy conservation were part of life in California — a reluctant summer ritual almost as reliable as the heat waves that drove them. But the state has undergone a quiet shift in recent years, and the California Independent System Operator hasn’t issued a single one of those emergency pleas, known as Flex Alerts, since 2022.
Experts and officials say the Golden State has reached a turning point, reflecting years of investment in making its electrical grid stronger, cleaner and more dependable. Much of that is new battery energy storage, which captures and stores electricity for later use.
In fact, batteries have been transformative for California, state officials say. In late afternoon, when the sun stops hitting solar panels and people are home using electricity, batteries now push stored solar energy onto the grid.
California has invested heavily in the technology, helping it mature and get cheaper in recent years. Battery storage in the state has grown more than 3,000% in six years — from 500 megawatts in 2020 to more than 15,700 megawatts today.
“There is no question that the battery fleet that has grown rapidly since 2020, along with the state’s expanding portfolio of other supply and demand-side resources, has been a real game changer for reliability during summer periods of peak demand,” said Elliot Mainzer, CAISO’s president and chief executive.
It was only five years ago that a record-shattering heat wave pushed the grid to its limit and plunged much of the state into darkness. In the wake of that event, California’s energy leaders vowed to take action to make the grid more resilient.
Since then, CAISO has overseen a massive build-out of new energy and storage resources, including more than 26,000 megawatts of new capacity overall, which has also helped make the grid more stable, Mainzer said. The state hasn’t seen rolling blackouts since 2020.
“Extreme weather events, wildfires and other emergencies can pose reliability challenges for any bulk electric system,” he said. “But the CAISO battery fleet, along with the additional capacity and close coordination with state and regional partners, have provided an indisputable benefit to reliability.”
Solar panels and battery storage units at the Eland Solar and Storage Center in the Mojave Desert of Kern County on Nov. 25, 2024.
(Brian van der Brug / Los Angeles Times)
Already, batteries have enabled the grid to operate with dramatic decreases in the use of planet-warming fossil fuels. Now they’re becoming a more cost-effective and reliable replacement for aging gas-fired power plants, according to Maia Leroy, founder of the California energy consulting firm Lumenergy LLC and co-author of a recent report on the rise of battery storage over gas generation in California.
“Historically, Flex Alerts have always come through in summertime when it’s super hot and everyone is cranking their AC,” Leroy said. “But also in the summertime, we’re seeing that gas plants underperform because combustion doesn’t work well with ambient heat. So when we’re able to shift that need from having to use gas plants to something more stable, dispatchable and flexible like battery storage, then we’re able to meet that demand in the summer without having to rely on those underperforming gas plants.”
Battery energy storage is not without challenges, however. Lithium-ion batteries — the most common type used for energy storage — typically have about four to six hours of capacity. It’s enough to support the grid during peak hours as the sun sets, but can still leave some gaps to be filled by natural gas.
Nikhil Kumar, program director with the energy policy nonprofit GridLab, said the technology already exists for longer-duration batteries, including through different chemistries such as iron-air batteries, which release energy through oxidation, and flow batteries, which store energy in liquid chemicals that flow through a reactor.
Those batteries are not yet as mature and can be more expensive and larger than their lithium-ion counterparts, Kumar said. But a recent GridLab report indicates that equation is changing, with the average cost of a new gas plant often on par with four-hour lithium-ion batteries and only slightly less expensive than longer-duration battery technologies.
“Batteries are going to get cheaper,” Kumar said. “Gas isn’t.”
The battery storage shift is occurring as the Trump administration takes steps to stifle solar and other forms of renewable energy in favor of fossil fuels such as oil, gas and coal. At the end of September, the administration announced that it would open 13 million acres of federal lands for coal mining and provide $625 million to recommission or modernize coal-fired powered plants, which officials said would help strengthen the economy, protect jobs and advance American energy.
During an hourlong news conference on the initiative, Interior Secretary Doug Burgum described wind and solar energy as intermittent sources that are “literally dependent on the weather” — but neither he nor any other official mentioned the growth of battery storage that has made those sources more reliable and more promising.
It’s not a partisan issue. ERCOT, which operates Texas’s electrical grid, has more than 14,000 megawatts of batteries online, a nearly threefold increase from early 2023. California and Texas are constantly trading places as the top state for battery storage.
Battery storage units at the Eland Solar and Storage Center in the Mojave Desert of Kern County on Nov. 25, 2024.
(Brian van der Brug / Los Angeles Times)
But Trump has made moves to support the production of batteries in the U.S. Currently, about three-quarters of the world’s batteries are made in China, and Trump’s tariffs — including a proposed 100% tariff on China — have been good for at least one Sacramento-based battery manufacturer, Sparkz.
“The administration wants critical material manufacturing to happen in the U.S.,” said Sanjiv Malhotra, founder and chief executive. “They basically are very much in favor of domestic manufacturing of batteries.”
Sparkz is making lithium-iron batteries that don’t use nickel and cobalt — a composition that has long been an industry darling but that depends on imported metals. Instead, their lithium-iron-phosphate batteries have a supply chain that is entirely based in the U.S., which means they can take advantage of federal tax credits that favor the production of clean energy components made mostly of domestic parts, Malhotra said. The company’s clients include data centers and utilities.
Malhotra added that California has done an excellent job “beefing up” the grid’s storage capacity in the last few years. He said batteries are a major reason why the state hasn’t seen a Flex Alert since 2022.
“The numbers basically tell the story that it was all because of, essentially, energy storage,” he said.
There is still work to do. While the state’s grid has seen improvements, it is more than a century old and was built primarily for gas plants. Experts and officials agree that it needs additional substantial upgrades and reforms to meet current energy demands and goals.
Permitting is also a hurdle, as California typically requires lengthy environmental review for new projects. The state, sometimes controversially, is now speeding review, and recently approved a massive solar and battery storage farm, the Darden Clean Energy Project in Fresno County, through a new fast-track permitting program. It will make enough electricity to power 850,000 homes for four hours, according to the California Energy Commission.
Safety remains a considerable concern. In January, a fire tore through one of the world’s largest battery storage facilities in Moss Landing, Monterey County. The facility housed around 100,000 lithium-ion batteries, which are exceptionally dangerous when ignited because they burn extremely hot and cannot be extinguished with water, which can trigger a violent chemical reaction. The blaze emitted dangerous levels of nickel, cobalt and manganese that were measured within miles of the site.
“When you’re dealing with large technologies in general, there’s always going to be some kind of danger,” said Leroy, of Lumenergy. “This points to the big need for diversifying the technologies that we use.”
Other forms of energy, such as oil and coal, also pose considerable health and safety risks including the emission of air pollution — soot, mercury, nitrogen dioxide and carbon dioxide contributing to climate change.
California is in the process of eliminating coal power and expects to be completely coal-free by November. And while natural gas still makes up a large piece of the state’s portfolio, renewables represented nearly 60% of California’s in-state electricity generation in 2024, according to the U.S. Energy Information Administration.
The numbers continue to trend upward. In the first six months of this year, CAISO’s grid was powered by 100% clean energy for an average of almost seven hours each day.
“We have literally just demonstrated that California is able to run with super clean resources, with backups from natural gas,” said Kumar, of GridLab. “And it works. We don’t have Flex Alerts.”
Spain’s electricity-grid operator said there was no risk of an imminent second major blackout in the country after detecting two sharp voltage variations in recent weeks.
Red Electrica which operates Spain’s grid, and in which the Spanish government owns a 20% stake, said the recent voltage swings didn’t pose a risk to the supply of electricity because they didn’t surpass the acceptable limits.
