-- China's installed power generation capacity rose 15.5% year over year to 3.96 billion kilowatts at the end of March, according to the National Energy Administration.
Solar power went up 31.3% to 1.24 billion kW, while wind power climbed 22.4% to 660 million kW.
Utilization hours declined 66 hours to 703 in the first quarter.
Oracle (ORCL) is on track to become a "foundational" infrastructure provider for the artificial intelligence revolution, with investors misreading the risks tied to its capital spending, Wedbush Securities said in a Friday client note.The brokerage initiated its coverage on the cloud computing company with an outperform rating on the stock and a 12-month price target of $225. Shares of the firm were up 1.6% in the most recent premarket activity, having lost 9.6% so far this year.Wedbush believes Oracle is in the early stages of a backlog-driven AI expansion, with its cloud infrastructure service having a key advantage over complex legacy cloud platforms. The company's strategy to integrate proprietary enterprise data with strong AI models is also creating real-world business value, according to the brokerage."We believe Oracle is in the early innings of a significant repositioning as it executes on this generational opportunity," Wedbush analysts, including Dan Ives, wrote in the note. "The vision is supported by partnerships with AI leaders like OpenAI and Nvidia (NVDA), and endeavors like the Stargate project."The downside case on Oracle centers on its capital expenditures and negative free cash flow, but this view is "backward-looking" and "fails to appreciate the scale of contracted demand underpinning the investment," Wedbush said.Oracle's remaining performance obligations have increased to $553 billion, driving its capital expenditure-to-RPO ratio to about 9%, compared with the group average of roughly 45.6%, Wedbush said. "This demonstrates that spending is not speculative but is deployed to service a massive backlog," according to Ives.In February, Oracle disclosed plans to raise between $45 billion and $50 billion this year to expand its cloud infrastructure business through a combination of debt and equity financing. The company said at the time that it would raise funds to build additional capacity and meet the contracted demand from its largest cloud customers, including Nvidia."As Oracle continues to convert its backlog into revenue, we expect the market narrative to shift from focusing on capex risk to the durable, long-term growth story that is unfolding," Ives wrote in the note.
India's largest power transmission and distribution company Adani Energy Solutions said its order book has grown to 599.36 billion rupees ($6.36 billion) with opportunities also growing in distribution and smart metering.Adani Energy said it has consolidated its market position and expects strong performance ahead in all business segments as it announced record earnings for the year ended March 31 and a "strong" fiscal Q4.It noted strong energy sales in Mumbai and Mundra and said it secured two transmission projects - Navinal (Mundra) Phase 1 Part B1 and Mahan Transmission. Contract wins totaled seven in 2025 with a total value of 43,990 crore rupees.Transmission operating revenue during fiscal Q4 was 12.13 billion rupees, compared with 11.64 billion rupees a year ago. Distribution operating revenue was 28.75 billion rupees, compared with 23.96 billion rupees in fiscal Q4 2024.Smart meter deployment reached 3.1 million rupees and the company's leverage is now 3.2 times its debt, aligned with guidance.AESL now has a transmission market share of 28%, it said.The company said project commissioning, meter installations and operational efficiencies in all business lines were its priorities for the coming year.Transmission system availability was 99.7% across its portfolio, while in the Mumbai distribution business, consumed energy increased 6% over the year to 10,558 million units. It said distribution losses remained low at 4.77%.Mundra energy consumption grew 44% to 948 million units, it said. Supply reliability was at 99.99%.The company added 695 circuit kilometers of transmission lines over the full-year period between Mumbai and Mundra businesses, it said.The company plans to install 6 to 7 million new meters in fiscal 2026, double or more the 31.3 lakh installations in fiscal 2025.Renewables within power supplied to the Mumbai circle totaled 36% in fiscal 2025, while Adani is on track to reach 60% by fiscal 2027.
Damora Therapeutics (DMRA) has an average rating of buy and mean price target of $45.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)