4 days ago
Suzlon Group has been awarded a 201.6MW wind power project in the Indian state of Andhra Pradesh by Waaree Forever Energies Private (WFEPL), the independent power producer arm of the Waaree Group.
This marks the Waaree Group's first wind project in the state and is the second consecutive engineering, procurement and construction (EPC) order Suzlon has received in a week under the company's DevCo model.
The project will see Suzlon supply 64 of its S144 wind turbine generators (WTGs), each with a capacity of 3.15MW.
Suzlon Group vice-chairman Girish Tanti said: "This partnership is strategically important as it unites two companies whose growth has mirrored the evolution of India's renewable energy sector.
"Waaree and Suzlon have been trailblazers in solar and wind, respectively, each building world-class manufacturing ecosystems and establishing a strong global presence.
#wind #project #power #andhra
This marks the Waaree Group's first wind project in the state and is the second consecutive engineering, procurement and construction (EPC) order Suzlon has received in a week under the company's DevCo model.
The project will see Suzlon supply 64 of its S144 wind turbine generators (WTGs), each with a capacity of 3.15MW.
Suzlon Group vice-chairman Girish Tanti said: "This partnership is strategically important as it unites two companies whose growth has mirrored the evolution of India's renewable energy sector.
"Waaree and Suzlon have been trailblazers in solar and wind, respectively, each building world-class manufacturing ecosystems and establishing a strong global presence.
#wind #project #power #andhra
6 days ago
Replenish Nutrients CEO Neil Wiens joined Steve Darling from Proactive to discuss a strategic investment agreement with SRC Agrominerals that will provide $7.5 million in growth capital while supporting the expansion of the company's production facilities in Beiseker, Alberta.
Under the agreement, SRC Agrominerals will acquire an initial 19.9% equity stake in Replenish and provide an additional $7.5 million debenture investment, giving the company flexible capital to accelerate its growth plans.
The partnership also includes the appointment of SRC CEO Tim Close to Replenish's Board of Directors, while Dr. David Morris, founder and chairman of Morris Group Canada, will serve as a board advisor and be nominated for election as a director at the company's next annual meeting.
The investment proceeds will fund construction of a 150,000-metric-tonne pelletizing facility at the existing Beiseker site, along with expanded storage, processing, and load-out infrastructure to support both current granulation operations and future production. The expansion is expected to be completed by the first quarter of 2028.
As part of the partnership, the companies have also signed a long-term supply agreement for carbonatite, a mineral-rich resource containing calcium, phosphorus, potassium, magnesium, trace minerals, and beneficial microbial properties. Replenish will incorporate the material into its proprietary regenerative fertilizer products, securing a reliable supply of a key ingredient for future growth.
#morris #board
Under the agreement, SRC Agrominerals will acquire an initial 19.9% equity stake in Replenish and provide an additional $7.5 million debenture investment, giving the company flexible capital to accelerate its growth plans.
The partnership also includes the appointment of SRC CEO Tim Close to Replenish's Board of Directors, while Dr. David Morris, founder and chairman of Morris Group Canada, will serve as a board advisor and be nominated for election as a director at the company's next annual meeting.
The investment proceeds will fund construction of a 150,000-metric-tonne pelletizing facility at the existing Beiseker site, along with expanded storage, processing, and load-out infrastructure to support both current granulation operations and future production. The expansion is expected to be completed by the first quarter of 2028.
As part of the partnership, the companies have also signed a long-term supply agreement for carbonatite, a mineral-rich resource containing calcium, phosphorus, potassium, magnesium, trace minerals, and beneficial microbial properties. Replenish will incorporate the material into its proprietary regenerative fertilizer products, securing a reliable supply of a key ingredient for future growth.
#morris #board
6 days ago
For a long time, IREN Limited (NASDAQ:IREN) was considered a Bitcoin mining operation company, but the company's cloud approach and AI deals have successfully transitioned it into a vertically integrated AI cloud provider.
The company came under the spotlight when it announced raising its year-end AI Cloud annualized run-rate revenue target to more than $4 billion, up from $3.7 billion, on July 20. The stock rallied nearly 20% after this news.
Out of the new target, roughly 85% is already under contract, as IREN Limited (NASDAQ:IREN) won multi-year cloud services deals with key AI developers, reflecting $2.8 billion in total contract value.
A testament to the company's scaled AI Cloud business is the expansion of 3MW of self-built AI Cloud capacity to 480MW being delivered this year, with expectations of the 1.2GW level in 2027. There's no doubt the company is expanding its customer base across hyperscalers, enterprises and AI developers, but investors want to know whether this announcement actually means something in the long term or if the growth prospects have already been priced in.
The news supports the earlier revenue projection by Freedom Capital. The firm expects the company's revenue to "explode" from $717 million this year to $3.1 billion and $8.5 billion in FY27 and FY28, respectively. The company's latest AI Cloud update provides additional revenue visibility for a business that is expanding at a rapid pace.
#cloud #company
The company came under the spotlight when it announced raising its year-end AI Cloud annualized run-rate revenue target to more than $4 billion, up from $3.7 billion, on July 20. The stock rallied nearly 20% after this news.
Out of the new target, roughly 85% is already under contract, as IREN Limited (NASDAQ:IREN) won multi-year cloud services deals with key AI developers, reflecting $2.8 billion in total contract value.
A testament to the company's scaled AI Cloud business is the expansion of 3MW of self-built AI Cloud capacity to 480MW being delivered this year, with expectations of the 1.2GW level in 2027. There's no doubt the company is expanding its customer base across hyperscalers, enterprises and AI developers, but investors want to know whether this announcement actually means something in the long term or if the growth prospects have already been priced in.
The news supports the earlier revenue projection by Freedom Capital. The firm expects the company's revenue to "explode" from $717 million this year to $3.1 billion and $8.5 billion in FY27 and FY28, respectively. The company's latest AI Cloud update provides additional revenue visibility for a business that is expanding at a rapid pace.
#cloud #company
11 days ago
Broadcom (NASDAQ: AVGO) has been a solid stock pick in 2026, rising around 15% so far this year. However, it's down nearly 20% from its all-time high because of a poorly received earnings report. When you dig into why Broadcom's stock fell following that announcement, the reason looks quite silly as bears overreacted to modest guidance. Investors should be looking at this latest sell-off as a golden buying opportunity for a company whose business will explode for the remainder of 2026 and into 2027.
I think this is the most critical reason to buy the stock, as the Broadcom of today is going to look far different from the one at the end of 2027.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Broadcom does a lot as a company, but a highlight now is its custom AI chips. GPU-based computing is highly effective, but it's expensive. GPUs aren't optimized to run a certain workload because they're meant to be able to handle all types of workloads. This unspecialized nature is great for some applications, and poor for others. In AI, several workloads can be streamlined into one type where a specialized computing chip, like the one Broadcom designs, can deliver superior cost performance versus GPU-based training.
Broadcom's customer list is growing, and it now has four major clients, along with some other smaller ones. Highlighting the list are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), Anthropic, and OpenAI. Alphabet, which owns Google, is already a leader in this area, as its Tensor Processing Units (TPUs) are quite popular. The other three's custom AI chips will enter production throughout the remainder of 2026 and into 2027, which is why Broadcom has advertised massive growth.
I think this is the most critical reason to buy the stock, as the Broadcom of today is going to look far different from the one at the end of 2027.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Broadcom does a lot as a company, but a highlight now is its custom AI chips. GPU-based computing is highly effective, but it's expensive. GPUs aren't optimized to run a certain workload because they're meant to be able to handle all types of workloads. This unspecialized nature is great for some applications, and poor for others. In AI, several workloads can be streamlined into one type where a specialized computing chip, like the one Broadcom designs, can deliver superior cost performance versus GPU-based training.
Broadcom's customer list is growing, and it now has four major clients, along with some other smaller ones. Highlighting the list are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), Anthropic, and OpenAI. Alphabet, which owns Google, is already a leader in this area, as its Tensor Processing Units (TPUs) are quite popular. The other three's custom AI chips will enter production throughout the remainder of 2026 and into 2027, which is why Broadcom has advertised massive growth.
12 days ago
Chinese refiners largely stopped competing for Middle Eastern crude during the Iran conflict, leaving more Gulf cargoes available to Europe, India, and the rest of Asia just as traders prepared for a supply shock.
The International Energy Agency (IEA) estimates China drew 41 million barrels from crude inventories during June, one of the largest monthly stock draws on record. Refiners met domestic demand from storage instead of replacing those barrels through imports, allowing Beijing to ride out the sharp jump in Middle Eastern crude prices caused by the conflict.
That inventory was accumulated well before the conflict. The U.S. Energy Information Administration estimates China spent much of 2025 buying roughly 900,000 barrels per day for strategic and commercial storage whenever prices softened.
Independent "teapot" refiners cut operating rates as weak refining margins, slowing fuel demand and higher crude prices squeezed profitability. Reuters reported that several refiners shifted purchases toward discounted Gulf grades and delayed Iranian cargoes, leaving millions of barrels floating offshore without immediate buyers.
Kpler estimated in late May that Chinese seaborne crude imports had fallen to 6.78 million barrels per day, the lowest level in nearly a decade, down from 8.5 million bpd in April and well below the 2025 average of 10.66 million bpd. Refinery intake, however, declined far less sharply, indicating that refiners were meeting the difference by drawing inventories.
The International Energy Agency (IEA) estimates China drew 41 million barrels from crude inventories during June, one of the largest monthly stock draws on record. Refiners met domestic demand from storage instead of replacing those barrels through imports, allowing Beijing to ride out the sharp jump in Middle Eastern crude prices caused by the conflict.
That inventory was accumulated well before the conflict. The U.S. Energy Information Administration estimates China spent much of 2025 buying roughly 900,000 barrels per day for strategic and commercial storage whenever prices softened.
Independent "teapot" refiners cut operating rates as weak refining margins, slowing fuel demand and higher crude prices squeezed profitability. Reuters reported that several refiners shifted purchases toward discounted Gulf grades and delayed Iranian cargoes, leaving millions of barrels floating offshore without immediate buyers.
Kpler estimated in late May that Chinese seaborne crude imports had fallen to 6.78 million barrels per day, the lowest level in nearly a decade, down from 8.5 million bpd in April and well below the 2025 average of 10.66 million bpd. Refinery intake, however, declined far less sharply, indicating that refiners were meeting the difference by drawing inventories.
