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Tuesday

19/21

Decarbon Daily - Energy Q3 Earnings Season in Full Swing

Inside this issue

This week kicks-off Q3 Energy earnings season with Tesla, Halliburton, and others. The S&P 500 Energy ($SREN) is +95% from one year ago and is set to increase due to global gas supply concerns, rising commodity prices, and a cold winter season.

Solar

  • First Solar (Oct 26th) - FSLR is a solar stock to watch due to the ongoing energy crisis. The stock is up 25% in the last 6 months.

  • Enphase Energy (Oct 25th) - ENPH recently launched battery storage systems in Belgium and is included in many of the green ETFs that are performing well this year. The stock is up 55% in the last 12 months.

EVs

  • GM (Oct) - GM continues to invest in EVs as the company expects to launch 30 EVs by 2025. Key partnerships with charging infrastructure are critical to their EV launch. GM stock increased 61% in the last year.

  • Ford (Oct 27th) - F is spending $315 million to convert a UK factory into an electrical vehicle plant and is expected to start competing with Tesla with the Ford Mustang Mach-E.

O&G Producers

  • ExxonMobil (Oct 28th) - XOM stock has gained 99% in the last year and as commodity prices creep higher, expect XOM to remain disciplined and produce shareholder returns.

  • Chevron (Oct 28th) CVX set a corporate net-zero goal that included end-user emissions. There is a bullish sentiment with the CVX stock up 61% in the last 12 months.

  • EQT (Oct 27th) - EQT is one of the US's largest natural gas producers. The company has aggressive sustainability goals to reach net-zero by 2025 and lead the industry in responsibly sourced gas (RSG). The EQT stock is up 33% in the last 12 months.

Equipment

  • Caterpillar (Oct 28th) - CAT has announced numerous decarbonization partnerships in 2021. Analysts for Cowen and Evercore ISS project the "first megacycle" for the company and estimate 24% upside.

  • NOV (Oct 26th) - NOV hedgefund activity increased by 106 million shares last quarter. The stock is up 63% in the last 12 months.

  • GE (Oct 26th) - With the GE Power and GE Renewable Energy business units, the company is seeing increased costs due to the materials supply chain. The stock is up 78% in the last 12 months.

Energy Services

  • Liberty Oilfield Services (Oct 26th) - LBRT selected Rolls-Royce's generator sets that use natural gas to power the digiFrac electric frac pump. LBRT stock is up 95% in the last 12 months.

  • Patterson-UTI (Oct 27th) - PTEN stock is up 255% in the last 12 months as drilling and completion activity has rebounded in the oilfield in 2021.

  • Nabors (Oct 26th) - NBR announced the new drilling rig PACE-R801 that has an unmanned rig floor for autonomous drilling. A partnership with ExxonMobil was also revealed to bring the technology to the Permian. The stock is up 355% in the last 12 months.

Inside this Issue

🌏 China’s Energy Crisis Deepens With Potentially Fatal Consequences
💰 Thiel-Backed Lithium Miner Is Said to Prepare Nasdaq Listing
🛰 Who Are the World’s Biggest Climate Polluters? Satellites Sweep for Culprits
♻️ BlackRock Backs New Hub for Company Climate Data

Articles in this issue

China’s Energy Crisis Deepens With Potentially Fatal Consequences

www.forbes.com
China’s multi-month energy crisis is deepening, with coal and natural gas prices now at record highs while temperatures are poised to plu...

Thiel-Backed Lithium Miner Is Said to Prepare Nasdaq Listing

www.bloomberg.com
Rock Tech Lithium Inc. is preparing a Nasdaq listing to broaden its investor base and help finance a $545 million battery-metals smelter ...

Who Are the World’s Biggest Climate Polluters? Satellites Sweep for Culprits

www.wsj.com
Satellites are emerging as a tool to fight climate change, exposing hidden sources of greenhouse gas emissions and allowing governments t...

BlackRock Backs New Hub for Company Climate Data

www.usnews.com
Wall Street giant BlackRock announced Tuesday that it is backing a new London-based research hub which will provide asset managers with i...

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