Streetbeat News

Corporate Responsibility

REPYY

Repsol S.A. (OTC:REPYY) has acquired renewable energy platform ConnectGen for $768 million, marking its entry into the U.S. onshore wind market. The acquisition is part of Repsol's strategy to strengthen its position in the renewable energy business. The company plans to allocate 35% of its investments to low-carbon projects by 2023. The deal will add an onshore wind power growth platform in the U.S. to Repsol's portfolio, supporting its target of 20,000 MW of installed capacity by 2030.

Portfolio Pulse from Nabaparna Bhattacharya

September 08, 2023 | 11:42 am

STLA

Stellantis executive has announced the company's commitment to building 6 gigafactories globally, with plans for more in the future.

Portfolio Pulse from Charles Gross

September 08, 2023 | 10:23 am

BTCUSD

RIOT

Riot Platforms Inc. (NASDAQ:RIOT) received $31.7 million in energy credits from the Electric Reliability Council of Texas (ERCOT) after voluntarily reducing its energy consumption during a heatwave. The value of these credits exceeded the worth of the 333 Bitcoins mined by Riot in August, which was approximately $8.9 million. Despite net losses of over $500 million in 2022, Riot's stock has increased by around 230% in 2023 due to Bitcoin's recovery.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 7:51 am

AMZN

Former Amazon executive Dave Clark, known for his public clash with Senator Bernie Sanders over unionization, has resigned from his role as CEO of Flexport. Clark is reportedly considering a political career, potentially running for the Texas governorship in 2026. Clark's tenure at Amazon and his stance on unions could become significant issues in his political journey.

Portfolio Pulse from Chris Katje

September 07, 2023 | 9:40 pm

BUD

Blaze Life Holdings (BLH) has appointed Anheuser-Busch InBev SA/NV (NYSE:BUD) veteran, Shreyas Balakrishnan, as its new CEO. Balakrishnan has nearly two decades of experience in brewing and distillery operations, distribution, sales, and M&A. His leadership led to Cutwater Spirits becoming the #1 RTD Cocktail Brand in the US. BLH aims to model its distribution on the regulated alcohol industry's three-tier system.

Portfolio Pulse from Joana Scopel

September 07, 2023 | 9:01 pm

SEM

Select Medical Holdings Corporation (NYSE:SEM) has announced 12 executive management appointments, effective from October 1, 2023. John Saich and Thomas Mullin have been promoted to co-presidents, and Michael Malatesta has been named executive vice president and chief financial officer. The company aims to drive high-performance momentum and create a continuous trajectory for long-term success.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:33 pm

CVS

CVS Health Corporation has announced new responsibilities for several members of its executive leadership team. Shawn Guertin will continue as CFO and is now President of Health Services. Prem Shah will continue as Chief Pharmacy Officer and is now the sole President of Pharmacy and Consumer Wellness. Michelle Peluso, as Chief Customer and Experience Officer, will expand her focus to improve patient experience across all care delivery and customer service channels. Brian Kane joins CVS Health as President of Aetna.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:32 pm

GS

Goldman Sachs CEO, Solomon, has stated that the company has built a very large deposit platform and that consumer franchises have been positive for the company.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:23 pm

AVA

Avista Corporation has announced that Heather Rosentrater, currently Senior Vice President and COO, will assume the roles of President and COO effective from Oct. 1, 2023. Dennis Vermillion will continue as CEO. This marks the first time a woman has held the position of President in the company's 134-year history.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 8:14 pm

FE

FirstEnergy Corp. (NYSE:FE) has begun upgrading 20 miles of a high-voltage power line in Ohio to strengthen the regional transmission system. This is part of a larger 64-mile project aimed at enhancing service reliability, improving system resiliency, and accommodating increasing customer demand for electricity. The work, expected to be completed in late 2024, includes replacing wood pole structures with new steel monopoles and installing larger wires. This project is part of FirstEnergy's ongoing initiative, Energizing the Future, which has seen the company invest over $10 billion since 2014.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 7:42 pm