Energy & Green Tech
HydroGraph Clean Power Upsizes Bought Deal to C$61.2M as Two More Battery Material Stocks Report Fresh Updates
A graphene producer that reported just $43,000 in revenue last year upsized a stock offering to C$61.2 million this week, and investors sold the stock anyway. A graphite miner got picked by the Canadian government to represent the country in a battery testing program with Japan. And a lithium company reported a quarterly net loss…
X-Energy’s Revenue Jumps 154% as Stock Gains 10% on Q2 Results
X-Energy told investors last week that a definitive fuel contract with Centrus Energy would de-risk its reactor pipeline. This week the company reported the numbers behind that claim: revenue and grant income of $54.6 million, up 154% from a year earlier, and a stock that jumped roughly 10% on the news. The same report showed…
First Phosphate Elevates ADR Listing to Nasdaq Global Market as Two Clean Energy Stocks Diverge on Fresh Disclosures
A Quebec phosphate developer just added a major U.S. exchange to its growing list of listings, the fourth market where its shares now trade. A thermal energy storage company just shrank its share count for the third time in seven months to keep its stock above a dollar. And a Texas solar manufacturer beat Wall…
Centrus Energy Signs Definitive HALEU Supply Deal With X-Energy
Centrus Energy signed a nuclear fuel contract on August 6 that does not require anyone to guess what “de-risking” means: X-Energy is prepaying for enrichment services it has not received yet, and Centrus is building capacity based on money already in hand. The morning before, Centrus reported second-quarter earnings that beat estimates by 82%. Two…
IsoEnergy Forms $105M-Backed DISA Uranium Venture as Two Clean Energy Stocks Slide on Fresh Disclosures
A Toronto uranium miner just handed off a chunk of its Utah portfolio to a brand-new company backed by $105 million from strategic investors including a mining major and an oilfield services giant. A battery materials company’s own financing announcement knocked more than 20% off its stock the next day. And a solar technology company…
SunPower’s Q2 Revenue Falls 23% on Self-Imposed Quality Holds
SunPower held back $15.3 million of already-signed, already-financed jobs from its own second quarter, on purpose, over blurry photos and missing utility bills. The company reported the results anyway on July 28. Revenue came in at $56.0 million, down 23% from the prior quarter, and the stock kept sliding toward $0.31, a level that makes…
Graphene Manufacturing Group Lands Blackwoods Distribution Deal as Two Nasdaq Financings Send Stocks in Opposite Directions
Blackwoods has stocked industrial supplies for Australian mines and factories since 1878. This month it added a liquid graphene lubricant to that catalog. Elsewhere, a $50 million financing priced above a stock’s own market value sent one Nasdaq micro-cap tumbling, while a much smaller facility sent another soaring in the same week. GMG Lands Blackwoods…
SunPower Faces Nasdaq Deficiency as It Issues 17.9M Settlement Shares
A stock has to close below a dollar for 30 straight trading days before Nasdaq sends the letter. SunPower crossed that line on July 21. Four days later the company was still issuing millions of new shares to settle old contracts, completing a solar project, and preparing to report earnings, all inside the same stretch.…
Cadiz Expands Solar-Hydrogen Deal as Eos Energy Wins Golden Dome Contract
A California water company just signed its third clean energy agreement with the same partner in two years. A battery maker whose stock has been cut nearly in half since June just landed a contract with the Department of War. A company trading under a dollar just added a Fortune 500 chief financial officer to…
Eagle Nuclear’s First 10-Q, ELEKTROS’s Recycled Releases, and a Uranium Deal
Eagle Nuclear Energy Corp. filed its first 10-Q as a public company on July 20, reporting a $28.1 million cash balance and zero interest-bearing debt. ELEKTROS Inc. put out its fourth press release in eight days that same week, repeating the same 10-to-15-station EV charging plan it has announced without a single signed site since…
