Nacero takes a powder but plans to return [Yahoo! Finance]
NextEra Energy, Inc. (NEE)
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Source: Yahoo! Finance
to build a $7- to $10-billion airplane fuel manufacturing plant at the oilfield ghost town of Penwell 15 miles west of Odessa and would instead start making methanol on the Gulf Coast. Nacero COO Hal Bouknight said his company would need at least five years to build the methanol plant, making fuel for ships from natural gas, and get it going and that methanol is too corrosive to be made here and piped south. Methanol or wood alcohol is also used as an industrial solvent to help create inks, resins, adhesives and dyes and as a solvent in the manufacture of pharmaceutical ingredients and such products as cholesterol, streptomycin, vitamins and hormones. Odessa Chamber of Commerce Director of Economic Development Tom Manskey and ODC board member David Boutin said Tuesday that Bouknight had reported that his board of directors wanted to proceed with a quicker revenue-making project before undertaking the big Penwell task, which would employ 330 people and require 3,500 for the const
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- NextEra Energy, Inc. (NYSE: NEE) had its price target raised by analysts at BMO Capital Markets from $70.00 to $72.00. They now have an "outperform" rating on the stock.MarketBeat
NEE
Earnings
- 4/24/24 - Beat
NEE
Sec Filings
- 4/5/24 - Form 4
- 4/1/24 - Form ARS
- 4/1/24 - Form DEF
- NEE's page on the SEC website