How to Profit From the Global Energy Ecosystem Trend
Bloomberg, Bloomberg L.P. — Bloomberg L., -1.20% has begun buying the energy giant Ener-G Inc., which operates energy trading and trading platforms.
Energys shares jumped 7.5% to $1,037.60 on Wednesday, after closing at $1.26 on Thursday.
Energys shares have climbed more than 10% this year as investors have grown wary of oil-related stocks.
The U.S. Energy Information Administration projects that global oil output will increase to 6.6 million barrels per day in 2020, about double the amount it was in the first half of last year.
Eneco, which holds about a quarter of Ener G shares, has made significant progress in its push to build an energy trading platform.
The company’s stock has more than doubled in value since the beginning of this year, and is up nearly 60% since Ener has been acquired by a private equity firm.
Egon Abramovic, Ener’s founder and chief executive, said he’s optimistic about Energies future.
“We are confident in Energias ability to continue expanding in the market and we look forward to continuing to build on the strong track record and market position of Energists stock,” he said in a statement.
Egan Ochsner, EnergIES chief financial officer, said the company will continue to invest in its energy portfolio and its customers.
Erenergy shares are up about 3% this week as investors fear the company’s plans to open an energy-storage facility could spur demand for the fuel, which has a shelf life of about 15 years.
Erengi said it expects to start shipping the first of its energy storage products by the end of 2019, and will be able to deliver its products within a few years.
The energy storage system can store about 1,000 kilowatts of power and provide energy to a home or business, and can store electricity from renewable sources like solar panels or geothermal.
The companies plans to begin shipping the systems in the fourth quarter of 2019.
Echostar Inc. — Echosports Corp. said Wednesday that it would purchase a majority stake in the sportswear company to help bolster its global brands.
The acquisition, which was announced Tuesday, was expected to close by the first quarter of 2020.
Echtosports said it will be acquiring the stake in a $3.2 billion transaction, which is expected to be completed in 2021.
The deal is expected on the heels of a $7 billion buyout of the company by American Apparel Holdings Inc. in November.
Eichs, which sells sneakers, t-shirts and other clothing in the United States, Europe and Asia, has been expanding its U.K. business, including expanding its online store.
Eschewing the traditional retail model, the company is focusing on digital services and a variety of branded products.
Echeco, a sports clothing company, recently announced that it plans to expand its retail presence in the U.Y.C. area.
The United Kingdom has been hit hard by Brexit and its aftermath, and the country is grappling with the impact of the loss of its biggest trading partner, Deutsche Bank.
Echanis, which owns more than half of Echsports, said it is “optimistic about its prospects in the near term” after completing a $1 billion takeover of a company it owns in 2015.
The British company, which makes athletic wear, has struggled with sluggish sales in the past year, with its revenues down more than 40% compared with the same period a year earlier.
EchoStar Corp. — EchoStar Corp., -0.06% said it has agreed to acquire an equity stake in its online platform, which includes an e-commerce service.
EchoStar, which began as a company that sells software to retailers, has expanded into a full-fledged online retailer and will open an ecommerce store by the second half of 2020, the companies said in the agreement.
EchoStars software will be used to deliver customer service to customers through its website and mobile apps, and its technology will be integrated into EchoStar’s own website, the agreement said.
E-commerce has been a growing industry in the last decade, as e-tailers and online retailers have grown to become the main drivers of the e-retail market.
Ecommerce revenue is expected continue to grow to about $2.5 trillion by 2021, according to research firm eMarketer.
The growth has been driven by digital and social businesses, which are expected to grow from about $100 billion to $250 billion, according the research firm.
The e-store company said it planned to hire 300 people and invest about $200 million in the new business.
Emeo, a maker of electronic goods, is expanding its presence in China, expanding into