Zuckerberg: AI chips are no longer in short supply, but electricity supply will be bottlenecked
On the afternoon of May 13, Beijing time, Sina Technology News reported that Meta co-founder and CEO Mark Zuckerberg recently said in an exclusive interview with YouTube podcaster Dwarkesh Patel that the shortage of AI chips that has plagued the industry for a long time is basically over, but the energy supply issue will become the next major bottleneck. Zuckerberg said that as the shortage of AI GPUs comes to an end, companies will be forced to invest a lot of money to build things, such as data centers. But before capital becomes an issue, the industry will face energy restrictions. To support this view
CGN New Energy's cumulative completed power generation capacity of 6544.3 GWH in the first 4 months decreased by 3.6% year-on-year
CGN New Energy (01811) announced that in April 2024, the group completed 1587.6 gigawatt-hours of power generation according to the consolidated statement, a year-on-year decrease of 14.1% compared to 2023. Among them, China's wind power projects decreased by 24.7%, China's solar energy projects increased by 23.1%, China's cogeneration and gas projects increased by 13.4%, China's hydropower projects increased by 47.3%, and South Korea's projects decreased by 4.7%. In the four months ended April 30, 2024, the Group completed a cumulative total of 6544.3 gigawatt-hours of power generation this year, a decrease of 3.6% compared to 2023. Among them, medium
Tianfeng Securities: Initial “buy” rating target price of HK$1.53-2.03 for GCL Technology
According to a research report released by Tianfeng Securities, the first “buy” rating was given to GCL Technology (03800). The estimated revenue for 2024-2026 is 287, 32.4, and 34 billion yuan, respectively, and net profit attributable to mother is 2.5, 3, and 3.8 billion yuan. Considering that the company's subsequent granular silicon market share is expected to continue to increase due to its cost advantage, the target price is HK$1.53-2.03 per share by superimposing perovskite options.
Solar energy (000591.SZ): After domestic photovoltaic power generation projects enter the affordable era, affordable Internet projects are generally implemented according to the benchmark electricity prices of desulfurized coal in each province
Gelonghui, May 8 | Solar (000591.SZ) said on the investor interactive platform that by the end of December 2023, the company was operating about 4.674 gigawatts of power plants and more than 2 gigawatts of projects under construction. The company is currently rushing up the construction of the power plant. In the first quarter of 2024, the company's revenue declined compared to the same period last year, mainly because the unit sales price of solar energy products decreased compared to the same period last year. The investment cycle of a power plant is divided into two stages: early development stage and investment and construction stage. The initial development phase generally takes about 2 years, investment and construction generally takes about 1 year, and the operating period of a power plant is generally 25 years. Internet access for different types of projects
Bad weather ignites a $25 billion market
Marty Malinow's mother never understood what her son depended on for a living. To friends, she said he was “a weather-related stock broker.” Malinow can't disagree completely — he knows most people are ignorant of financial contracts based on sunshine, rain, and wind. That is beginning to change. Demand for weather derivatives is soaring against the backdrop of increased climate variability and social change. According to data from the Chicago Mercantile Exchange Group (CME Group), the average trading volume of listed products jumped 260% in 2023 to
Straight to Omaha | Buffett: Berkshire is eyeing renewable energy
On May 4, 2024, local time, at Berkshire Hathaway's annual shareholders' meeting, Warren Buffett (Warren Buffett) said that renewable energy is interesting, but it will take time to develop. Buffett said, “Some things take a certain amount of time. Let's say the example I used — my daughter hates it — but you really can't make a child in a month by getting nine women pregnant.” But Buffett also said that solar energy will probably never be the only source of electricity. Berkshire Energy Business Chairman Greg Abell (Greg)
Greg Abell: There will be an excess towards new energy sources, but gas is still important
Topic: Buffett's 2024 shareholders' meeting was a big hit when asked why its Nevada Energy company is not investing more in solar energy and renewable energy. Abell said, “There is no doubt that solar energy is a huge opportunity for Nevada Energy, and the company will continue to invest in the solar energy sector. The company is transitioning to renewable energy, but it won't happen overnight, he said. At this point, he said, the company cannot completely get rid of carbon resources. In Iowa, 100% of the energy comes from wind energy, which he said is exciting. “We will continue to move towards renewable resources and solar energy in Nevada and beyond
Direct attack on Omaha | Chen Kaifeng: “The sky is the limit” for investing in US stocks
The Berkshire Hathaway shareholders' meeting, which global investors are concerned about, was held in the small town of Omaha, Nebraska. Sina Finance had a conversation with Chen Kaifeng, the chief economist of Huisheng Financial Company of the United States, at the shareholders' meeting. Speaking of artificial intelligence, he believes that currently artificial intelligence should be in full bloom in the US. There are many companies you can invest in, and “the sky is the limit” for investing in US stocks. “The three biggest pieces of artificial intelligence, one is hardware, or chip, one is software, and the third is so-called data and computing power. Obviously, the US is very leading now.” Chen Kaifeng believes. “Seen from this point of view, the US
Photovoltaic power puts some high-yield farmland in the US at risk
When Dave Duttlinger (Dave Duttlinger) saw a thick layer of yellow-brown dust over his Indiana farm, his first thought was: I warned them this would happen. His 445 acres near Whitfield, Indiana are covered with solar panels and associated machinery—in April 2019, Dutringer leased this land to Dunns Bridge Solar LLC, one of the Midwest's largest solar development projects. Dutringer said that on a windy spring afternoon in 2022, his electricity
Cathay Pacific Junan: Maintaining Datang New Energy's “Buy” Rating Target Price Reduced to HK$2.3
Guotai Junan released a research report stating that it maintained the “buy” rating of Datang New Energy (01798) and lowered earnings per share by 32.7% and 41.4% to RMB 0.348 and 0.395 yuan, respectively, in light of Datang New Energy's more cautious expansion prospects and downward pressure on new energy electricity prices. Earnings per share are forecast to be RMB0.441 for 2026, and the target price is reduced from HK$3.1 to HK$2.3. Guotai Junan's main opinion is as follows: although earnings in 2023 fell short of expectations, more prudent expansion improved the balance sheet. Datang Renewable Energy
Tesla to lay off 693 workers at Nevada plant
According to reports, Tesla will lay off 693 workers at its Nevada plant as part of the company's 10% global layoff plan announced earlier this month. Tesla has submitted a notice to the Nevada Department of Employment, Training, and Rehabilitation indicating its intention to cut 693 employees at the Nevada Sparks plant. Earlier this month, Tesla announced plans to lay off about 14,000 employees, or 10% of its global workforce. According to Tesla's WARN notice previously submitted to Texas and California, starting June 14, Tesla will lay off 3,332 employees in California and 26 in Texas
Solar Energy (000591.SZ): Net profit of 351 million yuan in the first quarter decreased 9.83% year-on-year
On April 26, Ge Longhui (000591.SZ) released its report for the first quarter of 2024. Operating revenue for the reporting period was 1,411 million yuan, down 17.39% year on year; net profit attributable to shareholders of listed companies was 351 million yuan, down 9.83% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 332 million yuan, down 9.64% year on year; basic earnings per share were 0.0897 yuan.
The clean energy race threatens to trigger the biggest deal in decades in the mining sector
Mining giant BHP Billiton is offering nearly $40 billion to acquire its British rival Anglo-American Resources Group, which will be the largest deal ever in the mining sector. BHP Billiton said in a statement on Thursday that it values Anglo-American Resources Group shares at £25.08 ($31.4) per share, totaling £31.1 billion (US$38.9 billion). The company added that if the acquisition is completed, BHP Billiton will increase its access to copper reserves. Copper is an important component of several renewable energy technologies, including solar panels and electric vehicles, as well as power grids. And demand is high: Since this year, Lun
While Private Companies Own 33% of CECEP Solar Energy Co.,Ltd. (SZSE:000591), Individual Investors Are Its Largest Shareholders With 51% Ownership
Key Insights The considerable ownership by individual investors in CECEP Solar EnergyLtd indicates that they collectively have a greater say in management and business strategy The top 25 shareholde
Tesla will lay off 285 workers at its New York plant
According to a notice filed by Tesla pursuant to the US and Worker Adjustment and Retraining Notice Act (WARN), the company will cut 285 employees in New York State as part of its broader global restructuring. According to the documents, most of the affected employees work at Tesla's solar panel factory in Buffalo, New York, and a few work at a store and service center in the area. Earlier this week, Tesla CEO Musk sent a memorandum to the entire company stating that it plans to lay off more than 10% of employees globally. Other than the leaked memo, Tesla revealed few details of this layoff. memorandums
Dialogue with CEO Sun King, an off-grid solar equipment manufacturer: Chinese investment has significantly reduced the cost of solar panels
On April 17, 2024, during the spring meeting of the International Monetary Fund and the World Bank, Patrick Walsh (Patrick Walsh), CEO of off-grid solar equipment manufacturer Sun King, said in an exclusive interview with Sina Finance that technology and innovation are playing an important role in achieving sustainable goals. Technological progress and cost reduction in solar technology have benefited China's massive investment and is now benefiting the least developed regions in the world. Patrick Walsh mentioned that China's massive investment in solar energy has drastically reduced the cost of solar panels — from 2007
External market headlines: Federal Reserve Vice Chairman Says Keeping Interest Rates Unchanged Will Help Lower Inflation Levels The surge in green electricity has led to the shutdown of European nuclear power plants
The main headlines shared by global financial media last night and this morning are: Société Générale predicts that if the Federal Reserve does not cut interest rates in 2024, the euro will fall below $1.05. Societe Generale (Societe Generale) researchers' basic prediction that the Fed will not cut interest rates in 2024 may cause the euro to fall below $1.05. The unexpected rise in US inflation has prompted our US economists to no longer expect the Federal Reserve to cut interest rates in 2024,” Korber wrote in a statement to clients
Surge in green electricity causes European nuclear power plants to shut down
Efforts to promote renewable energy are putting pressure on Europe's nuclear energy industry. While the urgency of producing fossil-free electricity is unprecedented, a surge in renewable energy and a sharp drop in electricity prices are undermining the operating foundation of nuclear power plants. Nuclear power is still the cornerstone of parts of mainland Europe's power grid. There are signs that nuclear power plants will face a difficult period. Demand has not fully recovered since the energy crisis, and the region's wind and solar power generation has repeatedly reached new highs, encroaching on the share of nuclear and coal-fired power plants delivered to the national grid. “According to current electricity prices, traditional base-charge power plants will be in trouble unless we experience it for much longer
CECEP Solar Energy's 2023 Profit Jumps 14%, Operating Income Rises 3%
CECEP Solar Energy's (SHE:000591) attributable profit rose 14% to 1.58 billion yuan in 2023 from 1.39 billion yuan in 2022, according to a Monday filing with the Shenzhen bourse. Earnings per share at
A subsidiary of Yimei International Holdings plans to subscribe for 105 shares of Future Energy Auckland Ltd.
Yimei International Holdings (01870) announced that on April 12, 2024 (after the Stock Exchange trading session), the subscriber Green Energy Power Inc. (A wholly-owned subsidiary of the company) entered into a subscription agreement with the target company Future Energy Auckland Ltd. and the guarantor. According to this, the subscriber conditionally agreed to subscribe, and the target company conditionally agreed to allocate and issue subscribed shares (105 new common shares of the target company). The total subscription price was NZ$2.1 million (equivalent to approximately HK$9.96 million). Share of subscribed shares
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