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Stock impact report

OGE Rides on Expanding Renewable Portfolio & Infrastructure Spending [Yahoo! Finance]

OGE Energy Corp (OGE) 
Last oge energy corp earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The company benefits from its focus on carbon-reduction initiatives and its robust renewable generation portfolio, positioning it for stronger long-term performance. However, this Zacks Rank #3 (Hold) company faces risks related to supply-chain disruption. To earn profitable incentives from such hefty fundings for utility-scale clean energy projects, OGE Energy has been investing steadily to expand its renewable generation assets. As of Dec. 31, 2024, the company owned the 120 megawatts (MW) Centennial, 101 MW OU Spirit and 228 MW Crossroads wind farms. It also owns and operates six solar sites across the state of Oklahoma and one in Arkansas, which comes with a cumulative generation capacity of 32.2 MW. Moreover, the company offers the Renewable Energy Credit purchase program, the Green Power Wind Rider and the Utility Solar Program, which are rate options that make renewable energy resources available as a voluntary option to all OG&E Oklahoma retail customers. OG&E aims to co Show less Read more
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