Kingsbarn Realty Capital’s alternative asset management subsidiary, Kingsbarn Capital Management (“Company” or “Kingsbarn”), is proud to announce the appointment of Jim Fowler as Chief Investment Officer. Mr. Fowler brings over 20 years of experience in the private and public debt and equity markets. As CIO, Fowler will manage two investment funds while advising on other asset management activities for the firm.

“Jim is a tremendous asset to Kingsbarn and our investors,” said Jeff Pori, CEO of Kingsbarn Realty Capital. “His extensive experience working with several leading national investment firms, coupled with his attention to detail and work ethic, make him a perfect partner for our business.”

Prior to joining Kingsbarn, Mr. Fowler held senior management positions at three publicly traded financial services companies. Prior to its sale to Citizens Financial Group (NYSE: CFG) in November 2021, Jim was a senior partner for 20 years at JMP Group (NYSE: JMP), where he spent the first ten years of his tenure as a principal analyst Equity Research and Co-Head of Equity Research covering mortgage finance and specialty finance companies. During his second decade at JMP, he co-managed a financial services-focused hedge fund and managed a credit fund providing senior and junior debt to lower middle market companies. Along with managing these funds, Mr. Fowler has held senior positions at two publicly traded companies sponsored by JMP: Chairman of the Board of New York Mortgage Trust (NASD: NYMT) and Chief Investment Officer for Harvest Capital Credit (NASD: HCAP). During his tenure at JMP, Jim was included in the annual “Best on the Street” analyst survey conducted by the Wall Street Journal, ranking second as a stock picker in the real estate categories. and diversified financial services.

Mr. Fowler is an alumnus of Golden Gate University.

About Kingsbarn Capital Management

Kingsbarn Capital Management is a multidisciplinary alternative asset manager focused on providing niche products that help investors better navigate current market conditions. A subsidiary of Kingsbarn Realty Capital, Kingsbarn Capital Management has offices in Las Vegas, Nevada and Phoenix, Arizona. For more information, please visit www.KingsbarnCapital.com.

About Kingsbarn Realty Capital

Kingsbarn Realty Capital is a property-focused investment house that offers institutional and accredited investors access to a range of alternative investments. Kingsbarn offers investments in private equity, exchange-traded funds, traditional investment funds, private placements and Delaware Statutory Trusts (DSTs). Kingsbarn’s management team has extensive experience in developing, managing, operating and sponsoring a diverse portfolio of income-oriented stabilized properties, as well as base builds, value-added offerings , investment in opportunity areas and rights projects. Kingsbarn has over $1.5 billion in assets under management and has acquired over 250 properties across the United States. The company currently has a development pipeline of over $2 billion comprised of multi-family, student, industrial, commercial and hotel housing.

If you’re looking for a multi-bagger, there are a few things to watch out for. Among other things, we will want to see two things; first, growth come back on capital employed (ROCE) and on the other hand, an expansion of the amount capital employed. This shows us that it is a compounding machine, capable of continuously reinvesting its profits back into the business and generating higher returns. With this in mind, we have noticed some promising trends in Genesco (NYSE: GCO) so let’s look a little deeper.

What is return on capital employed (ROCE)?

If you’ve never worked with ROCE before, it measures the “yield” (pre-tax profit) a company generates from the capital used in its business. Analysts use this formula to calculate it for Genesco:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.13 = $135 million ÷ ($1.5 billion – $443 million) (Based on the last twelve months to July 2022).

Thereby, Genesco has a ROCE of 13%. In absolute terms, that’s a pretty standard return, but compared to the specialty retail industry average, it lags behind.

See our latest analysis for Genesco

Above, you can see how Genesco’s current ROCE compares to its past returns on capital, but you can’t tell much about the past. If you’re interested, you can check out analyst forecasts in our free analyst forecast report for the company.

So, what is Genesco’s ROCE trend?

Genesco’s ROCE growth is quite impressive. Specifically, while the company has maintained relatively stable capital employed over the past five years, ROCE has climbed 46% over the same period. It is therefore likely that the company is now reaping all the benefits of its past investments, since the capital employed has not changed much. The company is doing well in this direction, and it is worth examining what the management team has planned for the long-term growth prospects.

The Key Takeaway

To put it all together, Genesco has done well to increase the returns it generates from its capital employed. And investors seem to expect more in the future, as the stock has rewarded shareholders with a 71% return over the past five years. So given that the stock has proven to have some promising trends, it’s worth researching the company further to see if those trends are likely to persist.

If you want to know the risks that Genesco faces, we have discovered 2 warning signs of which you should be aware.

If you want to look for strong companies with excellent earnings, check out this free list of companies with strong balance sheets and impressive returns on equity.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Axa, the largest private backer of Monte dei Paschi di Siena’s rights issue last month, is in talks to secure more lucrative insurance commissions from the Italian bank.

Last month, the French insurer agreed to under-guarantee €200 million of the €900 million offered to private investors, providing a lifeline to MPS as it attempted to fill a capital shortfall with its seventh rights issue in 14 years.

Many investors had shunned the deal because of MPS’s dismal track record: a series of scandals, government bailouts and high-profile court cases. The Italian government, which rescued the bank in 2017 and still owns a 64% stake, contributed 1.6 billion euros of the overall capital increase of 2.5 billion euros.

Axawhich has lost about €1 billion on MPS equity investments over the past 15 years, has nonetheless accelerated.

According to sources close to the matter, Axa is negotiating with MPS a new deal around a joint venture in which the commercial network of the Italian bank distributes a range of life and damage insurance policies.

The negotiations should net Axa more lucrative commissions and potentially extend the deal beyond its current 2027 term, these people say. Under Italian financial regulations, a formal statement only needs to be issued once the terms of the agreement have been formally revised. It will “probably happen next year,” the people said.

Axa notified the Italian financial regulator, Consob, before the launch of the capital increase that it had activated its “related party operations committee”. According to Italian rules, the procedure must be activated when the parties involved in any form of negotiation are linked to each other by investment, participation or other economic interests.

Axa said: “There has been no change in our relationship with MPS, no commitments, no amendments to our agreements.

The insurer declined to comment on the formal activation of the “related party transactions committee” and notification to the Italian financial regulator.

MPS and Consob declined to comment.

The capital raise has already raised concerns in Brussels over possible illegal state aid after a pool of banks backing the capital raise were offered unusually high fees in return for their support.

Under EU rules, the state can only participate if all investors – public and private – are subject to the same conditions.

Earlier this month, MPS said overall attendance was 96.3%, including the contribution from the Italian Treasury, and underwriters, which include Bank of America, Citigroup, Mediobanca and Credit Suisse, who received a commission of 125 million euros in exchange for their support. , will retain only 93 million euros.

Beyond taxpayers and Axa, other funders of the rights issue include MPS business partners such as payments provider Nexi and Italian asset manager Anima, junior bondholders , Italian banking foundations and some pension funds directly controlled by the Italian Treasury.

Over the summer, MPS and Anima began discussing an amendment to the terms of their existing business partnership. The Milan-based asset manager has publicly stated that it plans to contribute up to 300 million euros to the capital increase in exchange for an improvement in the economic conditions of their partnership. He ultimately only brought in 25 million euros after negotiations failed and Anima said he opted for a “purely financial investment”.

Ares Capital Co. (NASDAQ: ARCC – Get a rating) received an average “Moderate Buy” rating from the ten brokerages that currently cover the stock, Market assessments reports. One analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The 12-month average price target among brokers who updated their coverage on the stock in the past year is $20.81.

The ARCC has been the subject of a number of reports by research analysts. Hovde Group lowered its target price on Ares Capital to $19.00 in a Wednesday, October 5 report. Oppenheimer cut his price target on Ares Capital to $21.00 and set an “outperform” rating for the company in a Wednesday, July 27 research note. JMP Securities lowered its price target on Ares Capital from $24.00 to $22.00 and set a “market outperformance” rating for the company in a Thursday, July 28 research note. StockNews.com launched coverage on Ares Capital in a research note on Wednesday, October 12. They issued a “sell” rating for the company. Finally, Raymond James lowered his price target on Ares Capital from $21.00 to $20.50 and set an “outperform” rating for the company in a Wednesday, October 26 research note.

Ares Capital Stock Performance

Shares of Ares Share Capital opened at $19.51 on Friday. The company has a 50-day moving average of $18.54 and a 200-day moving average of $19.08. Ares Capital has a 12 month minimum of $16.53 and a 12 month maximum of $23.00. The stock has a market capitalization of $9.92 billion, a price-earnings ratio of 11.54 and a beta of 1.02. The company has a debt ratio of 1.26, a current ratio of 0.81 and a quick ratio of 0.81.

Ares Capital (NASDAQ: ARCC – Get a rating) last announced its results on Tuesday, October 25. The investment management firm reported EPS of $0.50 for the quarter, beating consensus analyst estimates of $0.49 by $0.01. Ares Capital had a return on equity of 10.33% and a net margin of 40.71%. In the same quarter a year earlier, the company posted earnings of $0.47 per share. As a group, sell-side analysts expect Ares Capital to post earnings per share of 2.04 for the current year.

Ares capital increases its dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29. Investors of record on Thursday, December 15 will receive a dividend of $0.48 per share. This is a boost from Ares Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, December 14. This represents an annualized dividend of $1.92 and a yield of 9.84%. Ares Capital’s payout ratio is currently 101.78%.

Insider buying and selling

In other news, CFO Penelope F. Roll bought 2,500 shares of the company in a trade on Wednesday, September 14. The shares were purchased at an average price of $19.04 per share, with a total value of $47,600.00. Following the completion of the transaction, the CFO now directly owns 54,500 shares of the company, valued at approximately $1,037,680. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. 0.59% of the shares are held by insiders of the company.

Institutional entries and exits

Several institutional investors have recently increased or reduced their stake in ARCC. Hardy Reed LLC acquired a new position in Ares Capital during the first quarter worth approximately $42,000. Valeo Financial Advisors LLC increased its stake in Ares Capital shares by 47.9% in the first quarter. Valeo Financial Advisors LLC now owns 45,669 shares in the investment management company valued at $662,000 after purchasing an additional 14,787 shares during the period. Keybank National Association OH increased its holdings of Ares Capital shares by 5.3% in the first quarter. Keybank National Association OH now owns 23,958 shares of the investment management firm valued at $502,000 after purchasing an additional 1,200 shares during the period. Belpointe Asset Management LLC increased its stake in Ares Capital shares by 19.7% in the first quarter. Belpointe Asset Management LLC now owns 45,660 shares of the investment management company valued at $957,000 after purchasing an additional 7,518 shares during the period. Finally, Alphastar Capital Management LLC increased its stake in Ares Capital shares by 40.3% in the first quarter. Alphastar Capital Management LLC now owns 50,988 shares of the investment management company valued at $1,068,000 after purchasing an additional 14,633 shares during the period. Institutional investors and hedge funds hold 33.79% of the company’s shares.

Ares Capital Company Profile

(Get a rating)

Ares Capital Corporation is a business development firm specializing in the acquisition, recapitalization, mezzanine debt, restructurings, rescue financing and leveraged buyout transactions of middle market companies. He also does growth capital and general refinancing. He prefers to invest in companies active in basic and growth manufacturing, business services, consumer products, healthcare products and services, and information technology services.

See also

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Ares Capital, you’ll want to hear this.

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The Holographic Films Market Size is estimated at USD 169.4 Million in 2022 and is projected to reach a scaled size of USD 206.2 Million by 2028 at a CAGR of 3.3%

NEW YORK CITY, NEW YORK, USA, November 9, 2022 /EINPresswire.com/ — Market.us provides a comprehensive understanding of the Holographic films market in his latest research report. The Holographic Films market research helps new entrants to get accurate market data and also communicates with customers to understand their needs and preferences. The report includes an analysis of competitors and regions, as well as the latest developments in global markets. It offers an analysis of the outlook for the chemicals and materials industry in the main regions of the world: North America, Latin America, Western Europe, Eastern Europe, South Asia, Southeast Asia. East, Northeast Asia and Australasia, Middle East and North Africa and Sub-Saharan Africa.

The research study also gives in-depth insights into upcoming technological advancements, R&D initiatives, and new product expansion. Here, Market.us has featured the best holographic film providers based on extensive research on their advanced features, user experience, and variety of content. To create the in-depth report, primary and secondary research was combined. Analysts provide clients with objective perspectives on the global Holographic Films industries to help them make informed business decisions.

Learn more about drivers and challenges – Download an example PDF here: https://market.us/report/holographic-films-market/request-sample/

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Historical year: 2015-2020

Reference year: 2021

Estimated year: 2022

Year of short-term projection: 2025

Projected year – 2030

Long-term projected year – 2032

Top Key Market Players and Holographic Films Market Share Analysis

This section includes company overview, company financials, revenue generated, market potential, research and development investment, new market initiatives, regional presence, strengths and business weaknesses, product launch, product breadth and breadth, application dominance. The report has also analyzed reputable companies in the market with some of the major players are

Laser K (Taiwan)
Kurz (Germany)
Unifoil Corporation (USA)
Light logics (India)
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Uflex Limited (India)
Uflex Limited (India)
Spectratek (USA)
API (UK)
Integrated (US)
Everest Holovisions Limited (India)
Holostik (India)

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Segmentation 1: Breakdown of the market by type of product

Liquid
Semi-solid

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Public Safety and Security
Food and drink
Medications
Cosmetic

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North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)

South America (Brazil, Argentina, Colombia and rest of South America)

Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of Middle East and Africa)

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Answers to key questions in this report:

1. What are holographic films and how big is the holographic films industry?

2. What is the current market value of holographic films?

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4. What are the key factors driving the growth of the Holographic Films market?

5. How will the holographic films market perform till 2031?

6. What are the types and applications of holographic films?

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If you’re not sure where to start when looking for the next multi-bagger, there are a few key trends you should watch out for. A common approach is to try to find a company with Return on capital employed (ROCE) which is increasing, in line with growth amount capital employed. Simply put, these types of businesses are slot machines, meaning they continually reinvest their profits at ever-higher rates of return. With this in mind, the ROCE of Aperam (ADM:APAM) looks great, so let’s see what the trend can tell us.

Return on capital employed (ROCE): what is it?

Just to clarify if you’re not sure, ROCE is a measure of the pre-tax income (as a percentage) that a business earns on the capital invested in its business. The formula for this calculation on Aperam is:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.26 = €1.2B ÷ (€6.9B – €2.4B) (Based on the last twelve months to June 2022).

So, Aperam posts a ROCE of 26%. This is a fantastic return and not only that, it exceeds the 15% average earned by companies in a similar industry.

See our latest analysis for Aperam

Above you can see how Aperam’s current ROCE compares to its past returns on capital, but there is little you can say about the past. If you wish, you can consult the forecasts of analysts covering Aperam here for free.

What the ROCE trend can tell us

The trends we’ve noticed at Aperam are quite reassuring. Over the past five years, return on capital employed has increased substantially to 26%. The amount of capital employed also increased by 50%. This may indicate that there are many opportunities to invest capital internally and at ever-increasing rates, a common combination among multi-baggers.

The essential

Overall, it’s great to see that Aperam is reaping the rewards of past investments and growing its capital base. Astute investors may have an opportunity here as the stock is down 19% over the past five years. That said, research into the company’s current valuation metrics and future prospects seems appropriate.

The story continues

Finally we found 3 warning signs for Aperam (2 cannot be skipped) you should be aware.

If you want to see other businesses earning high returns, check out our free list of companies earning high returns with strong balance sheets here.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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Members of the Legislative Assembly approved the capital budget of $328 million for the 2023-2024 fiscal year. This includes funding for critical infrastructure projects in communities across the Northwest Territories (NWT).

The 2023-2024 budget is significantly lower than previous capital forecasts. In recent years, capital budgets have been significantly higher than capital expenditures due to limitations in the ability of the Government of the Northwest Territories (GNWT) and the territory to complete projects. As part of a new approach to capital budgeting, the GNWT is committed to ensuring that its budget better reflects planned capital expenditures.

Each year, the GNWT invests in infrastructure that helps us serve NWT residents, including social housing, schools and health centres. The GNWT also invests in improving and upgrading transportation infrastructure like roads and airports that connect our people and our communities.

The timing of the 2023-24 capital budget approval provides a planning period for departments and contractors. This planning period is intended to facilitate the procurement process and to take into account the relatively short summer construction period in the Northwest Territories.

Quotation)

“The 2023-24 Capital Estimates align realistic spending with achievable timelines and continue to advance the mandate priorities agreed to by the 19th Legislative Assembly. The new approach that resulted in these proposed estimates will encourage holistic planning, support more realistic financial management and, most importantly, focus attention and responsibility where it should be – on delivering projects that are ready to move forward.

– Caroline Wawzonek, Ministry of Finance

Fast facts

• In total, the 2023-24 Capital Expenditure Budget presents a spending plan of $328 million for capital projects: a more realistic and achievable budget that reflects the current status of projects and the capacity of construction of the GNWT and the NWT.
• The GNWT has adopted a revised approach to preparing the 2023-24 Capital Budget with the goal of developing a capital plan that will better align the GNWT’s planned spending with actual project delivery.
• Some previously announced projects have been moved from scheduled delivery in 2023-24 to a “priority and planning” list, including the Great Bear River Bridge currently proposed as part of the Mackenzie Valley Highway, the Colville Lake School and a number of long-term projects. term care facilities.
• This change does not mean that the GNWT is removing previously approved projects from our long-range planning.
• The revised approach also had no impact on annual capital funding pooled funds, including minor capital projects, capital retrofit and biomass funding, joint funding road sealing/bridges/culverts, information management and technology capital equipment or deferred maintenance.

Related links

For media inquiries, please contact:

Todd Sasaki

Manager, Public Affairs and Communications

The Department of Finance

Government of the Northwest Territories

todd_sasaki@gov.nt.ca

Twelve ships left Ukraine’s Black Sea ports on Monday, despite Russia’s withdrawal from the UN-brokered grain deal over the weekend, a Ukrainian official said.

Oleksandr Kubrakov, the country’s infrastructure minister, said the UN and Turkey would inspect the ships – a process taking place near the Turkish city of Istanbul. Moscow had been informed, he added.

“Today 12 (ships) left the (Ukrainian) ports. The @UN and (Turkish) delegations are providing 10 inspection teams to inspect 40 (ships) aiming to fulfill the #BlackSeaGrainInitiative. This inspection plan has been accepted by the (Ukrainian) delegation”, Kubrakov tweeted.

One of the ships that sailed on Monday was loaded with 40,000 tonnes of grain, destined for Ethiopia, he added.

The minister said four ships were also on their way to Ukraine after being inspected in the Bosphorus Strait on Sunday by a team including representatives from the UN, Turkey, Ukraine and Russia.

Its update follows an announcement by the UN Sunday that 12 ships would leave Ukraine through the maritime corridor on 31 October.

The Kremlin announced on Saturday that it would end its participation in the grain export deal with Kyiv after drone attacks on the Crimean city of Sevastopol.

Russia’s decision to withdraw from the deal has raised concerns among Western officials, after the World Food Program estimated that tens of millions of people entered a phase of acute famine as a result of the war in Ukraine.

• The proposed agreement balances stakeholder interests; adheres to project schedule and budget
• If approved, significant client benefits include protection against unforeseen increases in construction costs beyond the project budget and enhanced performance review by CSC in lieu of a performance guarantee
• Customer-focused regulated utility framework enables Dominion Energy to prioritize reliability and affordability for customers while investing in clean, fuel-free energy projects

RICHMOND, Va., October 28, 2022 /PRNewswire/ — Dominion Energy Virginia, the Attorney General’s Office, Walmart, Sierra Club and Appalachian Voices today filed a settlement agreement regarding the company’s pending motion with the State Corporation Commission of Virginia (SCC) to reconsider the performance guarantee included in the final order approving the development of the 2.6 gigawatt Coastal Virginia Offshore Wind (CVOW) project to be constructed 27 miles off the coast of Virginia Beach. If approved by CSC, the agreement will resolve the current complaint and provide significant benefits to clients.

The settlement agreement provides a balanced and reasonable approach that supports continued investment in CVOW to meet Commonwealth public policy and economic development priorities and the needs of Dominion Energy Virginia’s 2.7 million customers representing more than 5 millions of people and businesses.

CVOW’s schedule calls for construction to be completed by the end of 2026, when it can generate enough clean energy to power up to 660,000 homes. The August 5, 2022 Order of the SCC affirmed that CVOW responds to all Virginia legal requirements for user cost recovery and issuance of a certificate of public convenience and necessity for terrestrial infrastructure. The settlement agreement replaces the performance guarantee previously ordered with a cost-sharing approach for unforeseen costs that exceed the project budget, as well as an enhanced review of operational performance by the Commission.

The settlement agreement aligns with the state-regulated, customer-focused utility framework in Virginia. This framework has resulted in nation-leading decarbonization targets, customer rates below relevant national and regional averages, and high levels of customer reliability, enabled by a state regulatory model that encompasses planning at term, a diversity of production sources and guarantees of resilience.

“I appreciate the thoughtful efforts of all parties to reach a constructive agreement that allows the project to continue moving forward,” said Blue Bucket HatChairman, President and CEO of Dominion Energy.

“Since the August order, we have further mitigated some of the project development risks which builds our confidence in being on time and on budget. We have:

• Continued to work closely with the Bureau of Ocean Energy Management and other stakeholders to support the project schedule;
• Advanced engineering and design in preparation for immediate release of major equipment for manufacturing;
• Advanced procurement and other pre-construction activities for the onshore scope of work; and
• Independent project review and construction readiness assessment, as well as a full schedule and cost assessment.

“Project development has continued uninterrupted to maintain the project schedule. We expect over 90% of project costs, excluding contingencies, to be fixed by the end of the first quarter of 2023, compared to approximately 75% risking the project and its budget today.

“We have a lot of work ahead of us as we continue to build on our long history of delivering projects on time and on budget while safely delivering affordable, reliable and clean energy to our customers. “offshore wind is expected to ease pressure on customers fuel prices for 30 years once the project is in service. Our customers expect reliable and affordable energy – and offshore wind is essential to accomplishing this mission.”

The company previously announced that its third quarter 2022 earnings call will take place at 10 a.m. ET Friday November 4, 2022. Management will discuss matters of interest to financial and other stakeholders, including recent financial results and the settlement agreement for CVOW.

CVOW represents a clean energy investment of approximately $9.8 billion and is good for energy diversity, the environment and is transformational for from Virginia economy, especially in Hamptons Roads.

As a renewable energy resource, offshore wind turbines have zero fuel costs, which is especially beneficial given the recent increase in fuel costs across the country. The project is expected to save Virginia customers more than $3 billion during its first 10 years of operation. However, if current trends in commodity market pressure continue, these savings could total up to nearly $6 billion – almost double the savings.

The economic development and job creation of offshore wind power are transformative for Hamptons Roads and the Commonwealth, including in its various communities. CVOW could create more than 2,000 direct and indirect jobs during construction and operation, while encouraging companies to invest in Virginia making it a hub for offshore wind power.

In addition to the Attorney General’s office, the deal is joined by Dominion Energy Virginia, Walmart, Sierra Club and Appalachian Voices. Key elements of the settlement, which require SCC approval, would provide for pragmatic cost sharing in the event of unforeseen cost increases prior to completion and other significant customer benefits, including:

• In the context of the current capital investment of the project of $9.8 billionthe company has voluntarily agreed that shareholders share 50% of all costs in the order of $10.3 billion at $11.3 billionif only.
• The company has further voluntarily agreed that shareholders are responsible for 100% of all costs prudently incurred within the range of $11.3 billion at $13.7 billionif only.
• There is no voluntary cost-sharing agreement for costs that exceed $13.7 billion.
• The company will not be required to guarantee future energy production levels or factors beyond its control, as set out in the August order. Instead, the company will provide a detailed explanation of the factors contributing to any shortfall in energy production from projected quantities in a future CCS proceeding.

The company will also ensure that customers receive the benefits of the Cut Inflation Act, which could provide them with potential additional savings.

“Given the now significantly reduced risk status of the project’s development and given its ongoing ‘budget’ status, we believe this settlement reflects a balanced sharing of financial impacts in what we currently view as unlikely scenarios of delays or significant cost overruns,” added Blue.

Along with solar, energy storage and nuclear, offshore wind is a key part of Dominion Energy’s diversified power generation strategy to meet the Commonwealth’s clean energy targets and the Net Zero target of the company. Offshore wind complements the company’s growing solar portfolio by Virginiasince offshore wind and solar generate peak energy at different times of the day and year.

See proposed Dominion Energy settlement filing website.

About Dominion Energy

About 7 million customers in 15 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), whose head office is at Richmond, Virginia. The company is committed to safely provide reliable, affordable and sustainable energy and to the realization Net zero emissions by 2050. Please visit DominionEnergy.com to learn more.

This press release contains certain “forward-looking information”. Examples include information about expectations, beliefs, plans, goals, objectives and future financial or other performance or assumptions regarding matters discussed in this release. Our business is influenced by many factors that are difficult to predict, involve uncertainties that could materially affect actual results, and which we often cannot control or estimate with precision. We have identified and will identify in our future SEC reports on Forms 10-K and 10-Q a number of factors that could cause actual results to differ from those in the forward-looking statements. We refer you to these discussions for more information. Any forward-looking statement speaks only as of the date it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date it is made.

For more information:

Media: Jeremy Slayton, 804-297-5247 or [email protected]

Investor Relations: David McFarland804-819-2438 or [email protected]

SOURCE Dominion Energy

Flowserve Corporation (NYSE: FLS), is not the biggest company in the market, but it has garnered a lot of attention due to a substantial price movement on the NYSE over the past few months, rising to US$35.19 at one point. and falling to US$24.30. Certain movements in the stock price can give investors a better opportunity to get into the stock and potentially buy at a lower price. One question to answer is does Flowserve’s current price of $26.30 reflect the true value of mid cap? Or is it currently undervalued, giving us the opportunity to buy? Let’s take a look at Flowserve’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

Check opportunities and risks within the American machinery industry.

What is the Flowserve opportunity?

Good news, investors! Flowserve is still good business right now. My valuation model shows that the intrinsic value of the stock is $36.49, which is higher than what the market is currently pricing for the company. This indicates a potential opportunity to buy low. However, since Flowserve’s share is quite volatile (i.e. its price movements are amplified relative to the rest of the market), this could mean that the price may drop, giving us another chance to move higher. to buy in the future. This is based on its high beta, which is a good indicator of stock price volatility.

Can we expect growth from Flowserve?

Investors looking for portfolio growth may want to consider a company’s prospects before buying its stock. Buying a big company with solid prospects at a cheap price is always a good investment, so let’s also take a look at the company’s future expectations. With profits expected to more than double over the next two years, the future looks bright for Flowserve. It seems that a higher cash flow is expected for the stock, which should translate into a higher valuation of the stock.

What this means for you

Are you a shareholder? Given that FLS is currently undervalued, now may be the time to increase your stock holdings. With an optimistic outlook on the horizon, it appears that this growth has yet to be fully priced into the stock price. However, other factors such as capital structure must also be taken into account, which could explain the current undervaluation.

Are you a potential investor? If you’ve been keeping tabs on FLS for a while, it might be time to get into the stock. Its buoyant future outlook is not yet fully reflected in the current share price, meaning it’s not too late to buy FLS. But before making investment decisions, consider other factors such as the track record of its management team, in order to make an informed investment decision.

If you want to dig deeper into Flowserve, you should also look at the risks it currently faces. For example, Flowserve has 4 warning signs (and 2 that are concerning) we think you should know.

If you are no longer interested in Flowserve, you can use our free platform to see our list of more 50 other stocks with high growth potential.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.