CDZI

Oversold Stocks in Utilities Sector: The utilities sector has several oversold stocks, including Sunnova Energy, Cadiz Inc., and Spruce Power Holding, which have RSI values below 30, indicating potential buying opportunities for undervalued companies.

Recent Stock Performance: Sunnova's stock dropped 44% recently, Cadiz's stock fell 28%, and Spruce Power reported a quarterly loss with a 20% decline in stock price, highlighting the volatility and challenges faced by these companies in the current market.

Dividend History: CADIZ Inc's 8.875% Depositary Shares Series A Cumulative Perpetual Preferred Stock (CDZIP) recently paid a dividend of $0.55, with historical dividends shown in a chart.

Market Performance: On Wednesday, CDZIP shares decreased by about 1.6%, while common shares (CDZI) increased by approximately 1.5%.

Dividend Announcement: Cadiz, Inc. has declared a cash dividend of $550.00 per share for its 8.875% Series A Cumulative Perpetual Preferred Stock, payable on April 15, 2025, to holders of record by April 4, 2025.

Company Overview: Founded in 1983, Cadiz, Inc. focuses on providing clean and affordable water solutions in California, utilizing extensive land, water supply, pipeline assets, and advanced filtration technology.

Cadiz, Inc. Participation in Conference: Cadiz, Inc. will participate in the 37th Annual ROTH Conference from March 16-18, 2025, where Chairman and CEO Susan Kennedy will be on a Water Infrastructure Panel on March 17.

Company Overview: Founded in 1983, Cadiz, Inc. focuses on providing clean and reliable water solutions in California, with significant resources including land, water supply, and pipeline assets to combat climate change impacts on water access.

Stock Offering Announcement: Cadiz Inc. announced a $20 million registered direct offering, selling 5,715,000 shares at $3.50 each to fund its Mojave Groundwater Bank project and related expenses.

Market Reaction: Following the announcement, Cadiz shares fell by 9.09% to $3.60, with the offering expected to close around March 10, 2025, pending customary conditions.

Cadiz Stock Offering: Cadiz (CDZI) has entered into a placement agent agreement to sell 5.715 million shares of its common stock at $3.50 per share, aiming for approximately $20 million in gross proceeds before expenses. The offering is expected to close around March 10 with institutional investors.

Investment and Projects: The company has also secured significant investments for its Mojave water project, including a recent agreement for up to $175 million and the selection of Stantec as the engineer for the Mojave Groundwater Bank project.

Cadiz Inc. Stock Offering: Cadiz Inc. has announced a registered direct offering of 5,715,000 shares of its common stock at $3.50 per share, aiming to raise approximately $20 million for the development of its Mojave Groundwater Bank project.

Use of Proceeds: The funds will be utilized for capital expenses related to the groundwater banking project, including construction equipment and materials, as well as general corporate purposes and business expansion activities.

Precious Metals Performance: Precious metals shares increased by approximately 1% overall, with Encore Energy leading the rise at about 20% and DRD Gold up by around 7.8% on Tuesday.

Market Commentary: The opinions expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.

Investment Agreement: Cadiz (CDZI) has signed a Letter of Agreement with a lead investor to secure up to $175M for the Mojave Groundwater Storage Company, aimed at developing groundwater banking projects in the Mojave Desert.

Asset Transfer and Funding: Cadiz will transfer key assets to the MGSC and expects total equity capital of up to $401M from various investors, while retaining 49% of water storage rights and all water supply contracts with public systems.

Investment Announcement: Cadiz, Inc. has entered into a Letter of Agreement with a lead investor to secure up to $175 million for the Mojave Groundwater Storage Company, aimed at developing a groundwater banking project in the Mojave Desert.

Project Financing and Structure: The investment will be part of a larger funding effort expected to total $401 million, with Cadiz contributing assets to the new entity while retaining a significant share of water storage rights and contracts.

Mojave Groundwater Bank Project: Cadiz, Inc. has partnered with Stantec Inc. to develop the Mojave Groundwater Bank, a significant water infrastructure project in California's Mojave Desert, costing approximately $800 million and expected to provide 2.5 million acre-feet of new water supply.

Collaboration with Native American Tribes: The project marks a historic collaboration with Native American Tribes, being the first large-scale water infrastructure initiative off tribal lands in U.S. history, aimed at addressing water supply challenges exacerbated by climate change.

Gas Utilities Performance: Gas utilities shares are lagging in the market, down approximately 1.8%, with Spire and Suburban Propane Partners leading the decline at 3.5% and 3.3% respectively.

Market Commentary: The views expressed in the article represent the author's opinions and do not necessarily reflect those of Nasdaq, Inc.

Corporate Update Call Announcement: Cadiz, Inc. will host a quarterly Corporate Update Call on January 22, 2025, at 11:00am ET, led by Chairman and CEO Susan Kennedy to discuss 2024 milestones and 2025 objectives.

Company Overview: Cadiz, Inc. is a California water solutions company focused on providing clean and affordable water through various innovative methods, with significant resources including land, water supply, and pipeline assets.

Dividend History: CADIZ Inc's 8.875% Depositary Shares Series A Cumulative Perpetual Preferred Stock (CDZIP) recently announced a dividend of $0.56, with historical dividends shown in a chart.

Stock Performance: On Thursday, CDZIP was trading flat while the common shares (CDZI) experienced a decline of approximately 2.7%.

Dividend Announcement: Cadiz, Inc. has declared a cash dividend of $560.00 per share for its 8.875% Series A Cumulative Perpetual Preferred Stock, payable on January 15, 2025, to shareholders of record by January 3, 2025.

Company Overview: Founded in 1983, Cadiz, Inc. focuses on providing water solutions in California, offering a range of services including water supply and treatment, with significant assets and technology aimed at addressing climate change impacts on water access.

Cadiz, Inc. Investor Conference Participation: Cadiz, Inc. will participate in the iAccess Alpha Virtual Best Ideas Winter Conference on December 10 and 11, 2024, with CEO Susan Kennedy presenting on December 10 and hosting one-on-one investor meetings on December 11.

Company Overview: Founded in 1983, Cadiz, Inc. is a California-based water solutions company focused on providing clean and affordable water through various innovative methods, including extensive land and pipeline assets.

Defense Stocks Performance: Defense shares are showing relative strength, with an overall increase of about 0.9%, led by Kratos Defense & Security Solutions and L3Harris Technologies, which rose by 2.9% and 1.6% respectively on Tuesday.

Market Commentary Disclaimer: The views expressed in the article reflect the author's opinions and do not necessarily represent those of Nasdaq, Inc.

Historic Investment: The Lytton Rancheria of California plans to invest up to $50 million in the Mojave Groundwater Bank, marking the largest investment by a Native American Tribe in water infrastructure off tribal lands in U.S. history.

Project Overview: The Mojave Groundwater Bank aims to provide clean water supply and storage for underserved communities in California, with construction expected to begin in 2025 and initial water delivery targeted for 2026.

Keystone XL Pipeline Revival: President-elect Donald Trump is considering reviving the Keystone XL oil pipeline to boost oil supplies, with support from his pick for Secretary of Energy, Chris Wright. However, experts believe the chances of restarting the project are very low due to its abandonment and ongoing legal and political challenges.

Environmental Concerns: The Keystone XL pipeline has faced significant opposition from environmentalists due to the high carbon emissions associated with extracting and processing tar sands oil, making it a contentious issue in U.S.-Canada energy relations.

Repurposing Steel for Water Infrastructure: Cadiz, Inc. has acquired 180 miles of steel pipe from the terminated Keystone XL Pipeline Project to construct a pipeline network that will connect its groundwater bank in the Mojave Desert to major water networks in the Southwestern U.S., aiming to serve underserved communities.

Investment and Environmental Justice: The project is supported by a potential investment of up to $150 million from a non-profit fund, with a total estimated construction cost of $800 million, highlighting the company's commitment to converting fossil fuel infrastructure into resources for clean water access as a form of environmental justice.