- Japanese trading house Itochu Corp (OTC:ITOCF) agreed to supply wind-generated power solar energy to Amazon.Com Inc (NASDAQ:AMZN) in Japan via Clean Energy Connect Co, Ltd.
- CEC inked a deal with Amazon to develop non-FIT low-pressure solar power plants in 700 sites dedicated to supplying 70 MW DC and 38 MW AC power to Amazon in Japan by 2024.
- Amazon migrated the sources of all of the energy used in its business operations to renewable energy by 2025 and aimed to procure renewable energy worldwide.
- Itochu inked a deal with Fengate Asset Management to invest in the Prairie Switch Wind Project, which is currently under construction in Texas and will have a total generating capacity of 160 MW.
- Itochu inked a corporate power purchase agreement with Meta Platforms Inc (NASDAQ:META) in the U.S.
- The Texas Wind Power Plant Project comprised 48 wind turbines with a generating capacity of 3.4 MW each and a total generating capacity of 160 MW. It will likely reach commercial operation at the end of 2023.
- Price Action: AMZN shares closed higher by 0.16% at $99.70 on Tuesday.
Raymond James Maintains Outperform on Rent-A-Center, Lowers Price Target to $28
Raymond James analyst Bobby Griffin maintains Rent-A-Center (NASDAQ:RCII) with a Outperform and lowers the price target from $35 to $28.
