Energy Transition: Filings, Earnings Calls and Research Evidence

Not for redistribution without written consent of Morgan Stanley M Update August 20, 2026 01:51 PM GMT Chuangxin Industries Holdings Ltd. | Asia Pacific Morgan Stanley Asia Limited+ Hannah Yang, CFA Equity Analyst 1H26 Post-Results HK NDR – Key Takeaways …

Not for redistribution without written consent of Morgan Stanley M Update August 20, 2026 12:25 PM GMT Morgan Stanley Australia Limited+ APA Group | Asia Pacific Rob Koh Equity Analyst Risk Reward Update What’s Changed APA Group (APA.AX) From To Price Target …

M Update August 5, 2026 09:52 AM GMT Morgan Stanley MUFG Securities Co., Ltd.+ GS Yuasa Corporation (6674) | Japan Shinji Kakiuchi Equity Analyst F3/27 1Q Results: Overseas Lead-acid Battery Operations Strong, Partial Delays in Industrial Hayato Takashima …

M Update August 5, 2026 04:01 AM GMT Marathon Petroleum Corp | North America Morgan Stanley & Co. LLC Joe Laetsch, CFA Equity Analyst 2Q26: Refining-Led Beat, Strong Cash Returns and Constructive Outlook Daniel Kutz Equity Analyst Zackary C Warden …

M Update August 5, 2026 02:44 AM GMT Energizer Holdings Inc. | North America Morgan Stanley & Co. LLC Dara Mohsenian, CFA Equity Analyst FQ3 Follow-Up: Power Drain with Battery Category Weakness Despite Solid ENR Share Gains Eric A Serotta, CFA Equity Analyst …

J P M O R G A N North America Equity Research 05 August 2026 SolarEdge Technologies 2Q Results Align, 3Q Guide Misses, Investor Day Up Next Neutral SEDG, SEDG US Price (04 Aug 26):$48.76 ▼Price Target (Dec-27):$37.00 Prior (Dec-27):$43.00 …

J P M O R G A N Latin America Equity Research 05 August 2026 Gerdau Straight from the Call Gerdau just hosted its 2Q26 earnings call. Management's tone was constructive, with two key messages: (a) North America should remain strong, supported by …

J P M O R G A N Asia Pacific Equity Research 06 August 2026 Hanwha Solutions Corp Potential tailwinds from Section 232 ruling to introduce price floor/tariff on US solar imports? Limited impact from PVC price fixing allegations Overweight 009830.KS, 009830 KS …

J P M O R G A N North America Equity Research 05 August 2026 BorgWarner Inc. 2Q Ahead on Margins; FY Guide Unchanged on Higher R&D Spend; Buyback Authorization Increased; See Mixed Day for Stock Pending Updates on Timing of New DC/Industrial Opportunities …

J P M O R G A N North America Equity Research 05 August 2026 Rockpoint Gas Storage Inc. F1Q27 EBITDA In-Line; Accelerated FY28 Contracting Demonstrates Robust Fundamentals Overweight RGSI.TO, RGSI CN Price (04 Aug 26):C$25.95 Utilities and Midstream …

Cummins reported Q2 2026 net sales of $9.457 billion, up 9.4% YoY, and net income attributable to Cummins of $932 million, up 4.7% YoY. Diluted EPS was $6.73, up from $6.43. For H1, net sales were $17.855 billion and net income was $1.586 billion.…

Petrobras announced a new gas discovery in the Sandia-1 well offshore Colombia on August 3, 2026. The well is in Block GUA-OFF-0, at a water depth of 1,251 meters, 42 km from the coast. Drilling started June 12 and reached final depth July 29.…

First Solar reported Q2 2026 net sales of $1.056 billion and net income of $422.6 million, up 24% YoY. H1 net sales were $2.1 billion with net income of $769.2 million. The company repaid its India Credit Facility and entered a new $1.5 billion revolving credi…

Petrobras announced on July 24, 2026, that its Board of Directors approved the election of William Vella Nozaki as interim Chief Energy Transition and Sustainability Officer, effective August 1, 2026.…

Cummins reported Q1 2026 net sales of $8.398 billion, up 2.7% YoY, but net income fell 20% to $680 million due to a $199 million charge from selling its low-pressure fuel cell business and settling customer claims. Diluted EPS was $4.71, down from $5.96.…

First Solar reported Q1 2026 net sales of $1.04 billion, up 24% YoY, and net income of $346.6 million, up 65% YoY. The company entered a new $1.5 billion unsecured revolving credit facility.…

Waste Management reported Q1 2026 revenue of $6,227 million, up 3.5% year-over-year. Net income rose to $723 million ($1.79 per diluted share) from $637 million ($1.58). Operating cash flow increased to $1,501 million, and free cash flow to $920 million.…

Vale announced Moody's Local Brazil affirmed its AAA.br corporate rating and debenture ratings with a stable outlook. The rating reflects Vale's position as the world's largest iron ore producer, its energy transition metals business, low leverage, high intere…

Petrobras announced on April 6, 2026, that its Board of Directors approved the early termination of Chief Logistics, Commercialization and Markets Officer Claudio Romeo Schlosser, and appointed Angélica Laureano to the position, effective April 7, 2026, with a…

Petrobras reported record 2025 production of 2.99 million boed, up 11% YoY, exceeding guidance. P-78 FPSO started up in December at Búzios field. Oil exports hit annual record of 765 mbpd. Refining utilization was 91%. Domestic product sales rose 1.6%.…

GE Vernova reported FY2025 revenue of $38.1B, up 9% YoY, with net income of $4.9B, a significant improvement from $1.6B in 2024. Adjusted EBITDA was $3.2B, and free cash flow reached $3.7B. RPO (backlog) grew to $150.2B, up 26% YoY.…

Vale reported net income of $6,226 million for 9M 2025, down 9.1% YoY, and Adjusted EBITDA of $10,870 million, down 1.6%. Iron ore price declines hurt results, but Energy Transition Metals segment surged 115% in EBITDA.…

First Solar reported Q3 2025 net sales of $1.59 billion, up 80% YoY, and net income of $456 million, up 46%. Nine-month net sales were $3.54 billion with net income of $1.01 billion.…

Vale updated its 2025 capital investment guidance on September 10, 2025, lowering total CAPEX to $5.4-5.7 billion from ~$5.9 billion, with growth investment ~$1.5 billion and maintenance ~$4.1 billion.…