Google has signed a power purchase agreement to buy 396 megawatts of geothermal electricity from Fervo Energy's Cape Station plant in Utah, set to start operations in 2028. The deal includes an option to purchase an additional 600 megawatts by 2030, supporting Google's goal of using clean energy for its data centers. This partnership leverages Fervo's advanced geothermal technology, which could significantly expand U.S. geothermal capacity if fully developed. The agreement strengthens the long-term relationship between Google and Fervo, with Google also investing in Fervo's recent funding round before its public offering.
Daktronics reported Q1 earnings of $0.40 per share, beating analyst estimates by 14.29% and showing a 21.2% increase from last year. Revenue rose 7.1% to $234.57 million, also surpassing expectations. The company maintains a strong operating margin o...
NetApp, Inc. forecasts a strong quarterly earnings report with an EPS estimate of $2.12, up from $1.55 last year, and revenue projected at $1.84 billion, marking an 18.2% increase. This growth is supported by an extra week in the quarter and strong d...
Deutsche Bank upgraded Sirius XM Holdings from Hold to Buy, raising its price target from $31 to $45 due to improved digital audio advertising prospects and stable subscription revenue. The upgrade led to a 6.3% intraday gain in Sirius XM shares, tra...
G-III Apparel Group reported Q2 earnings per share of $0.26, surpassing analyst expectations of $0.23, but its revenue of $554.1 million fell short of the $570.4 million forecast. Despite the revenue miss and a decline from last year's $613.3 million...
Yext, Inc. reported Q2 earnings of $0.21 per share, surpassing the expected $0.17, marking a 23% earnings surprise. However, its revenue fell slightly to $111.1 million, missing analyst estimates and declining from the previous year. Following the ea...
