Meta's Clean Energy Initiative: Meta Platforms, Inc. has expanded its clean energy efforts by signing a new Power Purchase Agreement (PPA) with ENGIE SA, increasing their total contracted energy capacity to over 1.3 GW across four Texas projects.
Swenson Ranch Solar Project: The new PPA includes the 600MW Swenson Ranch Solar project, which will be operational by 2027 and is expected to generate over $158 million in local tax revenue.
Partnerships for Renewable Energy: Meta has been actively partnering with various energy companies, including a 20-year PPA with Constellation Energy for nuclear energy and agreements with Invenergy for additional solar and wind energy.
Stock Performance: Following the announcement of the new PPA, Meta's shares rose by 1.84%, trading at $751.93.
Wall Street analysts forecast GXPE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GXPE 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.
0 Analyst Rating
Wall Street analysts forecast GXPE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GXPE 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.
0 Buy
0 Hold
0 Sell
Current: 28.679
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Current: 28.679
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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.
