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Microsoft deal signals booming demand from data centers to power AI

FACTBOX-Microsoft deal signals booming demand from data centers to power AI Adds Constellation Energy and Microsoft deal in paragraphs 4 and 5 Aug 12 (Reuters) - U.S. utilities are finally signing concrete supply deals with data-center operators as the artificial-intelligence wave sparks a surge in power demand, paving the way for higher profits in the coming quarters.
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U.S. Factset, FedEx, Thermo Fisher Scientific

U.S. RESEARCH ROUNDUP-Factset, FedEx, Thermo Fisher Scientific Sept 20 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Factset, FedEx and Thermo Fisher Scientific on Friday. HIGHLIGHTS * Arthur J. Gallagher & Co. AJG.N : RBC raises target price to $320 from $310 * Factset FDS.N : RBC raises target price to $503 from $464 * FedEx Corp FDX.N : Baird cuts target price to $320 from $340 * IQVIA Holdings Inc IQV.N : Baird
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US utilities poised to ride data center demand wave in second half

UPDATE 1-US utilities poised to ride data center demand wave in second half Adds graphic to story published on Monday with no changes to text, headline By Seher Dareen and Vallari Srivastava Aug 12 (Reuters) - U.S. electric utilities sounded bullish on demand from data centers powering the artificial intelligence boom after striking several supply deals during the second quarter, reinforcing market expectations of sales growth through the year.
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US utilities signal booming demand from data centers as AI takes root

FACTBOX-US utilities signal booming demand from data centers as AI takes root Aug 12 (Reuters) - U.S. utilities are finally inking concrete supply deals with data-center operators hungry for more power amid a boom in artificial intelligence, paving the way for higher sales and profit in the coming quarters. Data centers are expected to account for 8% of the power generated in the U.S.
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US utilities poised to ride data center demand wave in second half

US utilities poised to ride data center demand wave in second half By Seher Dareen and Vallari Srivastava Aug 12 (Reuters) - U.S. electric utilities sounded bullish on demand from data centers powering the artificial intelligence boom after striking several supply deals during the second quarter, reinforcing market expectations of sales growth through the year.
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Pinnacle West Capital Corp reports results for the quarter ended in June - Earnings Summary

Pinnacle West Capital Corp reports results for the quarter ended in June - Earnings Summary Pinnacle West Capital Corp PNW.N reported quarterly adjusted earnings of $1.76​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 94 cents. The mean expectation of ten analysts for the quarter was for earnings of $1.25 per share.
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Pinnacle West quarterly profit soars as record high temperature drives demand

Pinnacle West quarterly profit soars as record high temperature drives demand Aug 1 (Reuters) - Pinnacle West Capital PNW.N almost doubled its second-quarter profit, as the utility company benefited from higher demand due to record June heat and new customer rates for its services. Weather directly affects how much energy Pinnacle West's customers use to cool their homes and businesses, with summer temperatures pushing people to crank up their air conditioning.
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Pinnacle West Q2 EPS USD 1.76 Vs. IBES Estimate USD 1.25

BRIEF-Pinnacle West Q2 EPS USD 1.76 Vs. IBES Estimate USD 1.25 Aug 01 (Reuters) - Pinnacle West Q2 operating income USD 313.747 million. Q2 net income USD 208.111 million Q2 pretax profit USD 240.532 million Q2 operating revenue USD 1,308.994 million
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Pinnacle West Capital Corp <PNW.N> expected to post earnings of $1.25 a share - Earnings Preview

Pinnacle West Capital Corp expected to post earnings of $1.25 a share - Earnings Preview Pinnacle West Capital Corp PNW.N , PNW is expected to show a rise in quarterly revenue when it reports results on August 1 for the period ending June 30 2024 The Phoenix Arizona-based company is expected to report a 7.7% increase in revenue to $1.208 billion from $1.12 billion a year ago, according to the mean estimate from 3 analysts, based on LSEG data.
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South Korean battery maker LGES pauses some part of U.S. battery plant construction

South Korean battery maker LGES pauses some part of U.S. battery plant construction SEOUL, June 28 (Reuters) - LG Energy Solution (LGES) 373220.KS has paused part of construction of its multi-billion dollar battery factory in the U.S. state of Arizona due to changing environment of battery market, the company said on Friday. The South Korean battery maker, which supplies automakers including Tesla TSLA.O , General Motors GM.N , Hyundai Motor 005380.KS among others, said it has suspended the cons
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