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Kernmarke VW beschleunigt nochmals E-Offensive
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Biden wants to build 500,000 electric vehicle charging stations Here s where we stand and how we d get there
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Biden Wants 500,000 Charging Stations. How Will We Get There?
President Biden wants to spend at least $15 billion to significantly increase the number of electric vehicle charging stations to 500,000 by 2030. Currently, there are just 42,000 stations nationwide.
April 28, 2021 • (TNS) President Joe Biden has proposed spending at least $15 billion to begin rolling out electric vehicle charging stations, with the goal of reaching 500,000 charging stations nationwide by 2030.
There are about 102,000 public charging outlets across about 42,000 charging stations nationwide today, according to the Department of Energy, with a third concentrated in California (in comparison, Michigan is home to just 1.5% of the nation s public charging outlets at 1,542 charging outlets.)
Markets
In a report released today, James Thalacker from BMO Capital maintained a Hold rating on DTE Energy (DTE – Research Report), with a price target of $140.00. The company’s shares closed last Wednesday at $135.80, close to its 52-week high of $141.98.
According to TipRanks.com, Thalacker is a 2-star analyst with an average return of 3.4% and a 62.5% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Sempra Energy.
DTE Energy has an analyst consensus of Hold, with a price target consensus of $140.38, which is a 3.5% upside from current levels. In a report issued on April 19, Wolfe Research also downgraded the stock to Hold with a $139.00 price target.
9 & 10 News
April 27, 2021 Automated Insights
DETROIT (AP) DTE Energy Co. (DTE) on Tuesday reported first-quarter profit of $397 million.
The Detroit-based company said it had profit of $2.05 per share. Earnings, adjusted for non-recurring costs, were $2.44 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share.
DTE Energy shares have increased 13% since the beginning of the year, while the S&P’s 500 index has climbed 11%. The stock has risen 33% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DTE at https://www.zacks.com/ap/DTE
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