For many years, it seemed that energy pundits were proposing that the inflection point for renewable energy was just around the corner -- that the day would soon come when solar panels covered our rooftops and electric vehicles spanned our roadways. Having made great strides in reducing costs, however, the alternative energy industry nowadays occupies a prominent position in the nation's energy landscape.
Granted, fossil fuels still play the primary role, but the growing enthusiasm for alternative energy suggests that oil and gas will continue losing ground to green energy sources in the years to come. Unconvinced? Let's take a look at some of the more interesting news from the industry.
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1. The global appetite for ethanol is growingBreaking the previous record of 1.2 billion gallons set in 2011, the United States exported 1.4 billion gallons of fuel ethanol in 2017, according to the U.S. Energy Information Administration. The majority of demand came from Brazil, where ethanol exports increased for the fourth consecutive year, reaching 450 million gallons in 2017 and accounting for approximately one-third of all U.S. fuel ethanol exports.
Best Energy Stocks To Invest In Right Now: Lipocine Inc.(LPCN)
Advisors' Opinion:- [By Max Byerly]
Get a free copy of the Zacks research report on Lipocine (LPCN)
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Best Energy Stocks To Invest In Right Now: Guidewire Software, Inc.(GWRE)
Advisors' Opinion:- [By Stephan Byrd]
Linscomb & Williams Inc. decreased its position in Guidewire Software Inc (NYSE:GWRE) by 17.6% in the second quarter, HoldingsChannel.com reports. The firm owned 3,142 shares of the technology company’s stock after selling 673 shares during the period. Linscomb & Williams Inc.’s holdings in Guidewire Software were worth $279,000 at the end of the most recent quarter.
- [By Motley Fool Staff]
Guidewire Software, Inc. (NYSE:GWRE)Q3 2018 Earnings Conference CallJune 5, 2018, 5:00 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Ethan Ryder]
Shares of Guidewire Software Inc (NYSE:GWRE) reached a new 52-week high and low during trading on Tuesday . The company traded as low as $96.19 and last traded at $94.10, with a volume of 46042 shares trading hands. The stock had previously closed at $95.82.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Guidewire Software (GWRE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Shares of Guidewire Software Inc (NYSE:GWRE) have received an average rating of “Buy” from the thirteen research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $95.00.
- [By Garrett Baldwin]
Money Morning Special Situation Strategist Tim Melvin provides his latest list of stocks that will help you get rich… and stay rich. Check them out right here.
Three Stocks to Watch Today: GE, AMZN, JD General Electric Co. (NYSE: GE) shares are under pressure after the stock received a downgrade from Swiss bank UBS Group AG (NYSE: UBS). The investment bank cut its price target for GE from $16 to $13. The bank cited ongoing struggles at GE's power division as it continues to lose market share. Amazon.com Inc. (Nasdaq: AMZN) stock is on pace to overtake Apple Inc. (Nasdaq: AAPL) after it became the second company to achieve a $1 trillion market capitalization. The stock price has now doubled in a year thanks to its strong growth in retail sales and cloud computing. Apple needed 38 years to achieve the $1 trillion market cap while Amazon needed just 21 years. With that said, both AMZN and AAPL now comprise 8% of the entire S&P 500 market cap. Shares in JD.com Inc. (Nasdaq: JD) fell more than 5% in pre-market hours. Shares are on the decline after police said that its billionaire founder was arrested last week on charges of sexual assault. Look for additional earnings reports from Ctrip.com International Ltd. (Nasdaq: CTRP), Guidewire Software Inc. (Nasdaq: GWRE), Ollie's Bargain Outlet Holdings Inc. (Nasdaq: OLLI), Vera Bradley Inc. (NYSE: VRA), and Verint Systems Inc. (Nasdaq: VRNT)Follow Money Morning on Facebook, Twitter, and LinkedIn.
Best Energy Stocks To Invest In Right Now: NiSource, Inc(NI)
Advisors' Opinion:- [By Logan Wallace]
NiSource Inc. (NYSE:NI) has earned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $27.00.
- [By Motley Fool Transcribers]
Nisource Inc (NYSE:NI)Q4 2018 Earnings Conference CallFeb. 20, 2019, 9:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Max Byerly]
SG Americas Securities LLC decreased its stake in NiSource Inc. (NYSE:NI) by 75.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,997 shares of the utilities provider’s stock after selling 91,976 shares during the period. SG Americas Securities LLC’s holdings in NiSource were worth $788,000 as of its most recent SEC filing.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was NiSource Inc. (NYSE: NI) which fell nearly 12% to $24.80. The stock's 52-week range is $22.44 to $28.11. Volume was about 33 million compared to the daily average volume of 2.5 million.
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