Skip to main content

Forest Fires Have Utilities Seeking Solutions (VKIN, PGE, CNP, NI, ETR)

The images of wildfires blazing across the United States have seemed to become a daily occurrence on the evening news. Just in the last two years, close to 40,000 wildfires have burned their way through 3.5 million acres of land. While there are many sources of wildfires, weather, campfires, even improperly discarded cigarettes, a major source of preventable wildfires is malfunctioning utility equipment. 

Utilities organizations across the country, especially in areas prone to wildfires are taking initiative to prevent more damage being done to these lands.

Investors may want to take note of companies actively pursuing solutions in this industry. Viking Energy (OTC-VKIN) has developed technology that allows Utility companies to combat the dangers of open transmission wires in an electrical grid system. The Open Conductor Technology reduces wildfires by quickly detecting a faulty line within the grid, and de-energizing the line, in under a second, before contact is made with a foreign structure. This eliminates the fear of sparks from downed power lines and eliminates power surges, and preemptive blackouts due to inclement weather. These technological innovations should put Viking Energy on the investment communities radar.

Other companies that are looking to make moves that better position themselves to combat future wildfires caused by Utilities. Pacific Gas & and Electric (NYSE-PGE) is a key player as they are centered in California, a state that has been plagued by wildfires over the last decade. PG&E has committed to undergrounding 10,000 miles of overhead power lines, this will lessen the probability of a spark caused fire. 

While Utility companies have returned an average gain of 2% this year, CenterPoint Energy (NYSE-CNP) has gained about 13.6% this year, outperforming its sector. 

Savvy investors will want to pay attention to Utility companies that are committed to reducing risks of fires, blackouts or surges through infrastructure investment. NiSource (NI-NYSE) made capital investments worth $1.9 Billion in 2021, and estimates $40 Billion in long term natural gas and electric infrastructure investments, driving earnings beyond 2024.

Another strong player in the market is Entergy (ETR-NYSE), which has just completed the longest underground project in company history, adding to the list of upgrades they have made to improve the reliability of their electric system. 

Investors looking to get into the Utilities market should pay attention to companies that are investing in their own future amongst a changing landscape. Investors may want to keep an eye on VKIN as they continue to develop technologies for the future.

 

Disclaimers: The Private Securities Litigation Reform Act of 1995 providesinvestors a safe harbor in regard to forward-looking statements. Any statementsthat express or involve discussions with respect to predictions, expectations,beliefs, plans, projections, assumptions, objectives, goals, assumptions of futureevents or performance are not statements of historical fact may be forwardlooking statements. Forward looking statements are based on expectations,estimates, and projections at the time the statements are made that involve anumber of risks and uncertainties which could cause actual results or events todiffer materially from those presently anticipated. Forward looking statements inthis action may be identified through use of words such as projects, foresee,expects, will, anticipates, estimates, believes, understands, or that bystatements, indicating certain actions & quotes; may, could or might occurUnderstand there is no guarantee past performance is indicative of future results.Investing in micro-cap or growth securities is highly speculative and carries anextremely high degrees of risk. It is possible that an investors investment may belost or due to the speculative nature of of the companies profiled.CaptalGainsReport ‘CGR’i s responsible for the production and distributions ofthis content. CGR is not operated by a licensed broker, a dealer, or a registeredinvestment advisor. It should be expressly understood that under nocircumstances does any information published herein represent arecommendation to buy or sell a security. CGR authors, contributors, or itsagents, may be compensated for preparing research, video graphics, andeditorial content. CGR is compensated two thousand five hundred dollars monthly via wire transfer by Regal Consulting to produce and syndicate contentrelated to VKIN. As part of that content, readers, subscribers, and webs areexpected to read the full disclaimers and financial disclosures statement that canbe found on our website.

Media Contact
Company Name: Capital Gains Report
Contact Person: Mark McKelvie
Email: Send Email
City: NAPLES
State: FLORIDA
Country: United States
Website: https://capitalgainsreport.com/


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.