Orange juice futures prices exploded higher this week, rising 13.48%. The move is in line with FLOJ being the best performing commodity in the first quarter of the year, they were up 30.8%. They are up 71% in the past year. The reason is supply, the U.S. Department of Agriculture estimates Florida production will fall to only 15.65 million boxes of oranges this season. In the 2021-2022 season Florida growers produced fill 41.2 million boxes. For perspective twenty years ago, … Continue reading “Orange Juice Futures Explode 13% Higher for The Week with Florida Crop Smallest in 86 Years”
Oil and gas E&P Trio Petroleum announced terms to go public Friday. The company is based out of based Danville, California and has operations in Monterey County, California’ The company outlined plans to raise $6 million by offering 1.7 million shares at a price range of $3 to $4. At the midpoint of the proposed range, Trio Petroleum would command a fully diluted market value of $78 million. Trio Petroleum had filed back on September 12, 2022 with the SEC … Continue reading “Californian Oil and Gas E&P Trio Petroleum Sets IPO Terms”
Canadian Solar first quarter earnings and revenue beat expectations however $CSIQ guided lower for Q2. The solar space got a boost last week when California voted to require all new homes to house solar energy panels by 2025
Canadian Solar subsidiary Recurrent Energy signed a 100-MW in new solar power purchase agreement with Peninsula Clean Energy for Kings County, California. The agreement is through the Mustang Two Photovoltaic Project.