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Wednesday's Energy Stocks: Ameren falls with Q1 results; SolarCity rebounds

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Wednesday's Energy Stocks: Ameren falls with Q1 results; SolarCity rebounds

shares 4.88% to $18.69 in strongtrading Wednesday, May 11, as President and CFO Tanguy Serra to remind Wall Street what distinguishesthe country's top rooftop solar company from the competition.

"Ourcost structure is just better than everybody else's," Serra said during a conferencecall with analysts. "We own our mounting hardware and destiny around that."

shares also wereup 12.42%, to $17.38, after reportingnet income attributable to the company of $22.6 million, or 39 cents per share.The result beat the S&P Global Market Intelligence consensus analyst estimateof 4 cents per share.

On anearnings call, the company said it plans to emphasize the sale of developed powerprojects to third parties, citing a "greatly reduced" ability to launchan IPO for a yieldco because of current market dynamics.

fell 1.05% in strongvolume to finish at $48.15 after reportinga slight year-over-year drop to its first-quarter 2016 net income attributable tocommon shareholders.

"Thesemilder temperatures lowered earnings by an estimated $0.10 per share compared to2015," Chairman, President and CEO Warner Baxter said, adding that the year-over-year earnings comparisonwas also reduced as a result of lower electric sales to the company's largest customer,Noranda Aluminum Holding Corp., which idled its remaining smelter potline in mid-March.

rose 0.84%in brisk volume to end at $74.43 after pricinga public offering of 8.8 million common shares at $71.50. The offering will helpfinance the planned acquisition of an equity stake in the gas pipeline and storagejoint venture with Crestwood EquityPartners LP.

CrestwoodEquity Partners dipped 0.06% in weak trading to end at $17.52.

slid 2.38% to$9.03 and TerraForm Global Inc.shed 3.02% to $2.57, both in thin trading, after securing more time to submit its financial statements withlenders.

As rumors emerge that TalenEnergy Corp. is considering a leveraged buyout offer, CreditSights analystssay the company is "pullinga complete 180" from its previous view on additional debt reduction.

"We wonder if debt buy backs would knock down the potentialoffer price for [Talen Energy]," CreditSights analysts wrote. "Debt buybackswould be completely counter intuitive to an LBO; future purchasers could be threateningto lower their bid if [Talen Energy] vaporizes shareholder cash on debt buy backs."

Talen shares climbed 3.51% in light trading to end at $12.97,while the SNL Merchant Generator Index fell 0.52% to 91.39.

Despitesome bleak warnings and high debt levels, major Appalachian shale gas producerssurvived the spring seasonfor bank redeterminations with their access to credit nearly unscathed.

Amongthese drillers, Southwestern EnergyCo. fell 1.05% in below-average trading to close at $12.23, gained 1.40%in heavy volume to finish at $4.36 and NationalFuel Gas Co. dropped 0.16% in light trading to close at $54.57.

Amongcoal stocks, Alliance Resource PartnersLP advanced 4.33% in weak trading to close at $14.94, gained 4.20% in below-averagetrading to finish at $8.68 and ForesightEnergy LP shed 8.67% in light volume to end at $1.58. The SNL Coal Indexlifted 1.67% to 50.45.

June natural gas futures settled higher at midweek Wednesday,May 11, as the market found steady support from weather outlooks ahead of the Thursday,May 12, release of natural gas inventories data, which is expected to show a comparativelysmall injection for the week to May 6. The contract moved off the $2.183/MMBtu highto settle the sessionup 1.5 cents at $2.173/MMBtu.

The DowJones Industrial Average fell 1.21% to 17,711.12 and the S&P 500 dropped 0.96%to 2,064.46.

Market prices and index valuesare current as of the time of publication and are subject to change.