πŸ“Š Ford's $19.5B EV Strategy Shift

Hi everyone, here is your πŸ“Š Daily Trade.

Here's what's happening today:

πŸ”‹ Ford faces $19.5B charges in EV shift
πŸ’§ EPA funds $351M for Fort Worth infrastructure
🌞 SEG Solar to build 3GW facility in Indonesia
β˜€οΈ Doral secures PPA for Kansas solar project
πŸ’Ό National Fuel completes $350M stock placement
🎁 +6 more stories you might like
πŸ”‹ Ford Faces $19.5 Billion Charges Amid EV Strategy Shift Link
  • Ford is set to record $19.5 billion in special charges due to a strategic shift in its electric vehicle investments.
  • The charges include $8.5 billion in writedowns of EV assets and will impact net results but not adjusted earnings.
  • Ford plans to focus more on hybrid vehicles and smaller, affordable EVs under CEO Jim Farley's restructuring plan.
πŸ’§ EPA Grants Fort Worth Over $351 Million for Water Projects Link
  • The EPA announced a $351 million funding package for Fort Worth's water and recycling infrastructure.
  • The funding includes a $347 million WIFIA loan for wastewater upgrades and a $4.8 million SWIFR grant for recycling enhancements.
  • These projects aim to support Fort Worth's growth and improve water management and recycling services.
🌞 SEG Solar Expands with 3GW Facility in Indonesia Link
  • SEG Solar plans to build a 3GW ingot and wafer manufacturing facility in Indonesia as part of a 5GW expansion.
  • The $80 million investment will enhance SEG's supply chain for the U.S. solar market, with production starting in Q3 2026.
  • This move strengthens SEG's integrated manufacturing capabilities and supply chain transparency.
β˜€ Doral Renewables Secures PPA for Kansas Solar Project Link
  • Doral Renewables inked a Power Purchase Agreement for its 270 MWac Lambs Draw Solar Project in Kansas.
  • The project will provide energy to a leading U.S. corporation, boosting Doral's contracted energy portfolio.
  • Lambs Draw Solar is set to create jobs and stimulate economic growth in Decatur County, Kansas.
πŸ’Ό National Fuel Completes $350 Million Stock Placement Link
  • National Fuel Gas Company successfully raised $350 million through a private placement of common stock.
  • The proceeds will finance part of the acquisition of CenterPoint's Ohio regulated gas utility business.
  • This transaction supports National Fuel's strategy to maintain investment-grade credit rating.

Other news & articles you might like

  • 🀝 Blackstone settles for TXNM Energy acquisition (Link)
  • 🏦 PayPal applies to create industrial bank (Link)
  • πŸ› οΈ Commercial Metals acquires Foley Products for $1.84B (Link)
  • 🏒 Aimco sells Chicago apartments for $455M (Link)
  • πŸ“Š CECO Environmental secures $135M order (Link)
  • ⚑ Fengate acquires full stake in Texas cogeneration (Link)

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