EDF Renewables North America and Power Sustainable Energy Infrastructure Announce Commercial Operation of Desert Quartzite
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 31 2025
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Source: Newsfilter
Desert Quartzite Solar+Storage Project: EDF Renewables North America and Power Sustainable Energy Infrastructure Inc. announced that their 375 MWdc solar project with a 150 MWac battery storage system is operational, providing electricity to the Clean Power Alliance under a 20-year agreement.
Environmental Impact and Job Creation: The project is expected to power over 163,000 California homes and reduce carbon emissions by over 669,000 metric tons annually, while also creating 450 jobs during its construction phase with a focus on safety.
Analyst Views on POW
Wall Street analysts forecast POW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for POW is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
