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PNM's stock drops in premarket after Iberdrola's Avangrid terminates $4.3B merger

PNM Resources Inc.’s stock was down by 7.8% in premarket trading on Tuesday after Avangrid Inc. said it would not complete a 2020 deal to buy PNM for $4.2. ....

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Orsted scraps 2 offshore wind-power projects in New Jersey

The company said it is canceling its Ocean Wind I and II projects in southern New Jersey, citing supply chain issues and rising interest rates. ....

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America's first major offshore wind farm installs first turbine

Vineyard Wind 1 is using 13 megawatt versions of GE Vernova's huge Haliade-X turbines. ....

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Spain Starts Trial Into Iberdrola's Alleged Price Manipulation

A Spanish court is set to probe allegations that a unit of Iberdrola SA and and four of its executives manipulated electricity prices a decade ago. ....

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UBS names the stocks that'll drag Stoxx Europe 600 down 10% this year

The Swiss investment bank also screened for more defensive, less volatile stocks that are likely to be safe from big falls. ....

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