Wells Fargo on Wednesday upgraded Halliburton (HAL) to the equivalent of a buy rating from hold, authoring a favorable investment case that closely aligns with the Club’s rationale for owning the oilfield services company. In addition to the bullish rating adjustment, analysts at Wells Fargo also raised their price target on Halliburton shares to $52 from $33, a nearly 49% upside from where the stock closed Tuesday. Halliburton’s stock price surged roughly 5% on Wednesday, to nearly $37 a share. “Macroeconomic headwinds may persist, but energy security and overall global oil & gas supply challenges…have created a sustained undersupply situation, which should sustain commodity prices and upstream investment,” the analysts wrote in a research note Wednesday. West Texas Intermediate (WTI) crude — the U.S. oil benchmark — climbed nearly 3% Wednesday, to $88 a barrel. The Wells Fargo note came on the heels of Halliburton reporting better-than-expected third-quarter results on Tuesday. “Against tight supply, demand for oil and gas is strong and we believe it will remain so,” CEO Jeff Miller said. “While broader market volatility is clear, what we see in our business is strong and growing demand for equipment and services,” he added. The Club stuck with the stock through turbulent summer months because we continue to expect tight oil-market conditions to lead to increased drilling activity in the coming years, benefiting companies like Halliburton. Miller on Tuesday also noted there is little spare capacity for oil drilling equipment, enabling Halliburton to charge more for its services while demand holds up. That’s something Wells Fargo also referenced, contending it should result in higher margins at Halliburton and other energy services firms. Big picture After falling more than 26% in the third quarter, crude prices have staged a strong recovery this quarter on the back of an agreement by the Organization of Petroleum Exporting Countries and its allies, collectively known as OPEC+, to cut production by 2 million barrels a day from next month. WTI has rebounded by more than 10% since the start of October. The turning tide for oil prices has helped support stock prices across the industry. Energy has been the best-performing sector in the S & P 500 in October by a wide margin, advancing more than 23% month-to-date. Halliburton’s robust third quarter — and Wells Fargo’s subsequent upgrade Wednesday — come as the Club’s other energy holdings are set to report quarterly results in the coming days. Pioneer Natural Resources (PXD) reports Thursday after the bell. Devon Energy (DVN) and Coterra Energy (CTRA) are scheduled to follow next week, reporting after the close on Nov. 1 and Nov. 3, respectively. The Club take We think Wells Fargo’s upgrade of Halliburton is well-reasoned, highlighting why we’ve maintained our position in the company despite the stock’s rollercoaster ride since we first invested in March . We see the long-term need for oil drilling to reverse years of structural underinvestment on the supply side. And the tight equipment market means Halliburton has a significant amount of pricing power — something all investors should appreciate in this inflationary environment. Moreover, Halliburton’s efforts to significantly reduce its cost structure during the height of the Covid-19 pandemic mean it’s on course to further expand operating margins. More broadly, while our discipline required us to trim some energy exposure around the OPEC+ announcement, we’ve otherwise held steady with our oil holdings in recent weeks during the sector’s rally. Indeed, our energy positions help us hedge against inflation. And for the likes of Pioneer, Devon and Coterra, sizable cash returns through dividends and buybacks sweeten the investment case. (Jim Cramer’s Charitable Trust is long HAL, PXD, DVN and CTRA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Signage is displayed outside a Halliburton Co. location in Port Fourchon, Louisiana, U.S.
Luke Sharett | Bloomberg | Getty Images
Wells Fargo on Wednesday upgraded Halliburton (HAL) to the equivalent of a buy rating from hold, authoring a favorable investment case that closely aligns with the Club’s rationale for owning the oilfield services company.
A few weeks ago, we talked about some real-world numbers shared by Redditors who added a rooftop solar system to their homes. Not to be outdone, Electrek readers took to the comments to share their own real-world solar numbers. Here are some of the best!
That original post, which you can read here, was inspired by a Reddit user going by DontBuyBitcoin who shared a screenshot on r/Solar indicating that their newly-installed ~11.5 kW system produced over 1,700 kWh of electricity in October. “Pretty surprised by the production of the system I got,” writes DontBuyBitcoin. “11.48KW. I cant wait to see what JUNE-AUGUST [2026] going to look like 😍 I wish SolarEdge will make their app better looking with more functionality.”
Other Redditors were quick to share in the enthusiasm, but our Electrek readers weren’t going to be outdone, and shared their own results in the comments section.
I’ve got a 49 panel, 16.5 kW system just outside Austin, TX, and while it’s expensive ($320/mo), I produce much more power than I use each month. But with 2 EVs, a hot tub, and air conditioning in a Texas summer, I’m not mad I have all this. On a current sunny day, I’m producing about 65 kWh. I top out around 107 kWh on a long but somehow not hot day.l in late spring or early fall (whatever that means in Texas).
Another reader, Craig Morrow, had a much smaller system at “just” 6.5 kW compared to David’s 16.5 kW deal, but still put up some highly respectable numbers.
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My 6.5 kw PV generates from 16 kwh/day (winter) to 38 kwh/day (late spring). Between the efficiency of my house and my consumption habits, my usage averages 5-6 kwh per day. Went all-in on passive and active solar when I built the house ten years ago, an investment which has long since paid for itself with no heating or utility bills, plus having battery storage means no worries about power outages when the grid goes down. A great feeling to be energy independent!
Craig had the top comment with twenty upvotes, but he wasn’t the only reader to see some big efficiency gains with home solar. Several of you posted about the cost of your system, and when you’d begin to see an ROI with the savings you were seeing.
My ROI on a $42k system ($30k with the IRA tax credit) was calculated to be 15 years assuming a 4% yearly rate increase. Without the tax credit it would likely be 20+ years. It makes no sense financially. Interestingly, Europeans pay a lot less for similar size systems. Why is that?
Another commenter, Leonard Bates, was also seeing great returns – but took things a step further by doing some extra math to compare the cost of fueling up his car with gas vs. topping it off with electrons generated by his home solar system.
It is hard for the average Joe to understand electricity production numbers, so I have reduced our experience into dollars. We have a 8.8 kWh rooftop system and two EVs that (other than a few vacation trips a year) are charged at home. We are retired, so we can charge during the day. Bottom line, we saved over $4,000 by not buying gasoline last year (drove ~41,000 miles). Electric bills, with the load of the EVs, is basically a breakeven. The system cost us about $22,000, so a breakeven on the system of about six years and then free electricity for another 20, until the panels need to be replace. Plus we are “energy independent” for our cars. If there is turmoil in the Middle East, it doesn’t affect our pocket books.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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Volkswagen is putting its Tesla Robotaxi rival through its paces in Wolfsburg, Germany, where the self-driving Gen.Urban research vehicle is now driving autonomously in real urban traffic – without a steering wheel or pedals!
VW’s Gen.Urban research project sets out to explore how passengers experience riding in a self-driving vehicle on real roads, among real drivers, and without a traditional steering wheel or pedals, and what those requirements might mean for future vehicle concepts.
Some of the key questions VW is asking include:
How do people spend their time in a self-driving vehicle?
Which digital features best support work, entertainment, or relaxation?
How should interaction between the vehicle and passengers be designed, particularly for older people or children?
Most importantly: Do people feel comfortable?
“The technology for autonomous driving is making rapid progress,” explains Dr. Nikolai Ardey, Head of Volkswagen Group Innovation. “With our Gen.Urban research vehicle, we want to understand exactly how passengers experience autonomous driving. Because: The key to a positive customer experience is to build trust – through meaningful interaction, a relaxed atmosphere, and intelligent assistance systems that respond precisely to the needs of passengers. Ultimately, technology should fit people, not the other way around. We will benefit from these insights across the entire Group in the long term.”
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Not QUITE fully autonomous
Gen.Travel concept; via VW, 2022
It’s important to note here that, while Volkswagen designed the Gen.Urban without a steering wheel or pedals, the vehicles participating in these test have a trained safety driver monitoring the vehicle from the passenger seat, ready to step in to control the vehicle using a specially developed control panel with a joystick – which means we’re still a long way from the 2022 Volkswagen Gen.Travel concept (above).
The current test phase is limited to Volkswagen Group employees as riders, and is planned for a period of several weeks. If results are satisfactory, VW could expand its rider base by the end of Q1.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.
Ask anyone who owned or owns one, and they’ll tell you that Honda Element was ahead of its time, delivering a flexible interior, car-like ride, and SUV-levels of visibility – and, if Honda really wanted to, they could roll out an all-new, all-electric Element riding on an Ultium-style electric skateboard tomorrow.
Honda’s first Element made its debut way back in 2003, when it was still a bit strange to think of companies like Cadillac, Volkswagen, and Porsche selling anything as big and clunky as an SUV. It earned plenty of fans, however, and for all the same reasons, they’ll love an electric Element even more.
Consider the following:
Car-like handling
Ultium chassis; via GM.
The original Element rolled around on a lot of bits originally developed for the Honda Civic – widely regarded as a fun-to-drive, great-handling little car. That car-based chassis earned it some mockery among automotive journalists who, more than two decades ago, still widely believed that an SUV had to have some off-road chops to it.
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Today, we’re a more enlightened bunch. In 2025, an SUV needs to be practical above all else, emphasizing the “Utility” aspect. With a low-slung, low-cg, and low-intrusion electric skateboard underneath its boxy body (more on that in a minute), a modern Element would be than more than capable of delivering a “car-like” ride with plenty of sporty acceleration, as well.
Flexible interior
Element interior; via Honda.
Remember that comment about the low-intrusion nature of the Ultium EV chassis? Without a transmission tunnel to get in the way, Honda was able to offer a massive, flat floor that made the Element ideal for moving, camping, beach days, tailgating, antiquing, and (not to put too fine a point on it) drive-in movies – which we still had those in Florida until at least 2010.
In an EV, all that flat-floor goodness is still there, with the added benefit of being able to offer a flat floor without a transmission tunnel ruining the bedroom cargo bay.
You guys are smart, so I’m sure you’ll be able to find all the problems with this particular take – and I can’t wait to hear them! Should it be FWD only? A plug-in hybrid? Ship with a tent? Scroll on down to the comments and let me know what you think it would take to make a battery-powered Honda Element revival make sense to you.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.