This Week In Energy Transition - Green Rain Solar Explores EV Charging Station in New Mexico

The Now Corporation, through its subsidiary Green Rain Solar Inc., has announced a partnership with Chronical Engineering to conduct a feasibility study for an electric vehicle (EV) charging station at Fairfield Inn & Suites in Alamogordo, New Mexico. This initiative marks the company's first foray into EV charging infrastructure in the state, aligning with New Mexico’s supportive environment for renewable energy projects. The study aims to explore the technical and economic aspects of installing a sustainable energy-powered EV charging station, reflecting The Now Corporation's commitment to expanding clean energy solutions and catering to the growing demand for EV infrastructure.

In other market news, NRG Energy (NYSE:NRG) was trading firmly up 10.6% and closing at $113.33, not far from its 52-week high. This month, NRG reported a significant turnaround in earnings, achieving a net income of $1,125 million for 2024 compared to a net loss last year. At the same time, WEG (BOVESPA:WEGE3) lagged, down 8.7% to close at R$47.85. On Wednesday, WEG announced a year-on-year increase in fourth-quarter sales despite a slight decline in net income.

NRG Energy's VPP and Smart Home expansion aim to enhance profitability and consumer growth. Click to explore how these strategic moves could impact NRG Energy's future.

If you're interested in learning more about the evolving landscape of the energy sector, don't miss our Market Insights article titled "Sectors And Industries To Watch In 2025," where we explore the growing importance of renewable energy and the shifting demand for resources driven by decarbonization and electrification trends.

Best Energy Transition Stocks

• Vistra (NYSE:VST) settled at $148.19 up 7.4%.
• Applied Materials (NasdaqGS:AMAT) finished trading at $168.51 up 1.8%. The company participated in the Susquehanna 14th Annual Technology Conference in New York City today, February 27, 2025.
• Tesla (NasdaqGS:TSLA) settled at $290.80 down 4%.

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Sources:

• Simply Wall St
• "The Now Corporation’s (OTC: NWPN) Green Rain Solar Inc. and Chronical Engineering Partner on EV Charging Feasibility Study at Fairfield Inn & Suites Alamogordo" from Now Corporation (The) on GlobeNewswire (published 25 February 2025)

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