As part of its Big Spring Sale event, Amazon is taking up to 46% off a huge collection of Schwinn bicycles and accessories, including popular e-bike models like the Schwinn Marshall Electric Hybrid Bike for $755.98 shipped. Down from $899, which is already down from its $1,400 MSRP, this particular model saw a handful of discounts over 2023, with the greatest of them falling from its high MSRP to the now regular $899 list price, and others coming in as short-lived sales over the second half of the year. Today’s deal comes in as a 16% markdown off the going rate – 46% off its MSRP – and lands at the second-lowest price we have tracked. All-in-all you’ll be getting a whopping $644 in savings off its original price.
With an 18-inch aluminum frame built around a 250W hub-drive pedal assist motor that provides quiet boosts of acceleration up to 20 MPH and an integrated 288W downtube battery that can last up to 35 miles on a single charge, the Marshall hybrid e-bike is perfect for commutes, bike trails, or just cruising around with friends. It features a 7-speed twist shifter that offers smooth gear changes paired with mechanical disc brakes for stopping power in all weather types. Its battery also has integrated LED lights on either side, as well as both head and taillights so that you’ll be seen in low-to-no-light rides.
More Schwinn e-bike discounts:
Goal Zero Yeti 200X portable power station is $176
The official Goal Zero Amazon storefront is offering its Yeti 200X Portable Power Station for $175.95 shipped. Down from its $300 price tag, it only saw three major discounts over 2023, and one in January that kicked off 2024 at the lowest price we have tracked. Today’s deal comes in as a 41% markdown off the going rate and lands at the second-lowest price – just $1 above the all-time low from January. This compact portable power station has a 187Wh capacity and can be fully charged via a standard wall outlet in two hours and within two to four hours via a car outlet or 100W solar panel. It features seven ports to cover all your recharging needs: two USB-As, two USB-Cs, one AC, one 6mm port, and one car port.
NIU KQi2 Pro foldable electric kickscooter hits $380 in one-day only sale
Best Buy is offering the NIU KQi2 Pro Foldable Electric KickScooter for $379.98 shipped. Down from a $599 price tag, this particular model only saw a few discounts over 2023, with Black Friday sales dropping costs the furthest to a $369 low. We haven’t seen any notable discounts in the new year before today’s deal, which comes in as a 37% markdown off the going rate and lands at the second-lowest price we have tracked – just $11 above the all-time low from Black Friday sales.
The NIU KQi2 comes equipped with a 300W rear-wheel drive and a 48V battery that pushes the scooter up to 17.4 MPH speeds for a 25-mile range on a single 7-hour charge. It sports a sleek, minimalist design that has been streamlined for more ergonomic comfort and features four different riding modes: e-save, sport, custom, pedestrian. It also has an IP54 water-resistance rating, 10-inch wheels, an LED headlight and taillight, a front drum brake as well as a rear regenerative brake, an LED dashboard display, and a foldable body for easy transport and storage. Through the companion app you’ll be able to connect your smartphone to your e-scooter, allowing you to monitor its performance levels and even adjust settings to fit your needs.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
Coterra Energy topped Wall Street expectations Thursday with first-quarter results that further proved the Club holding’s nimble production strategy is the right one for shareholders. Revenue in the three months ended March 31 fell 19% year over year to $1.43 billion, beating the consensus forecast of $1.39 billion, according to analyst estimates compiled by LSEG. Adjusted diluted earnings per share fell 41% versus the year-ago period to 51 cents, but still exceeded expectations of 41 cents, LSEG data showed. Coterra Energy Why we own it: Formed by the merger of Cabot Oil & Gas and Cimarex, Coterra Energy is an exploration-and-production company with a high-quality, diversified asset portfolio. The company practices capital discipline and is a low-cost operator. It’s committed to returning 50% or greater of annual free cash flow to shareholders. Our lone energy stock, Coterra also acts as a hedge on inflation and geopolitical risk. Competitors: EQT Corp ., Devon Energy , Marathon Oil Last buy: April 16, 2024 Initiation: April 14, 2022 Bottom line Coterra delivered a strong first quarter, fueled by clean execution. Getting more out of the ground without necessarily spending more is what makes energy producers capital efficient. Coterra provided exactly what we wanted in the January-to-March period: production above the midpoint of guidance, oil production above the high end and capital expenditures below the low end. In addition, we were pleased to see Coterra raise its full-year oil production outlook without moving its capex guidance. This momentum is the result of CEO Tom Jorden’s decision three months ago to shift its production strategy to focus on oil and liquid-rich plays away from natural gas, a prudent decision given the current economics of the two commodities. Since the start of the year, U.S. oil benchmark West Texas Intermediate crude has rallied more than 10% while natural gas prices have fallen 20%. Coterra’s mix of oil and natural gas acreage gives it the flexibility to adjust its drilling focus. It’s something we’ve longed touted as an attractive feature of the company. Shares of Coterra — which will hold its post-earnings conference call Friday morning — rose more than 2% in extended trading Thursday, to around $27.80 each. Following the report, we’re reiterating our buy-equivalent 1 rating on Coterra shares and a price target of $30. Capital allocation Coterra returned a total of $307 million to shareholders in the first quarter, with $157 million in declared dividends and $150 million coming from share repurchases. That buyback was an increase from the $29 million in repurchased in the fourth quarter of 2023. At the end of March, the Houston-based company had $1.4 billion remaining under its previous $2 billion authorization. Guidance Coterra largely maintained its capital-efficient outlook for 2024 — with a notable tweak that makes it even sweeter. The company reiterated its full-year capital expenditure outlook of $1.75 billion to $1.95 billion but raised its oil production guidance to 102 to 107 thousand barrels of oil per day (MBopd), an increase of 2.5% at the midpoint versus prior guidance. This is capital efficient because capex is down 12% year over year at the midpoint — driven by cost reductions, deflation and lower activity in the Marcellus Shale — and yet its barrel of oil equivalent production is expected to be roughly flat, with 9% higher oil volumes. For the second quarter, Coterra expects total equivalent production of 624 to 655 thousand barrels of oil equivalent per day (MBoepd); oil production of 103 to 107 MBopd; natural gas production of 2,600 to 2,7000 million cubic feet per day; and capital expenditures of $470 million to $550 million. The total production guide is a little lighter than the 668 MBoepd expected, according to Factset. However, the oil guide was higher and natural gas production was lighter than anticipated. We’ll gladly take the more oily mix given the more favorable economics it currently has. The capex guide is elevated relative to Wall Street estimates, but combined spending over the first two quarters of the year is line. (Jim Cramer’s Charitable Trust is long 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.
Permian Basin rigs in 2020, when U.S. crude oil production dropped by 3 million a day as Wall Street pressure forced cuts.
Paul Ratje | Afp | Getty Images
Coterra Energy topped Wall Street expectations Thursday with first-quarter results that further proved the Club holding’s nimble production strategy is the right one for shareholders.
Chinese state-owned company COSCO Shipping has launched what it calls the “world’s largest” river-to-sea electric container ship. The Green Water 01 is a 10,000-ton+ fully electric vessel that sets a new benchmark in sustainability in the marine logistics industry.
China Ocean Shipping (Group) Company, or COSCO for short, is a state-owned multinational conglomerate headquartered in Shanghai specializing in marine transport. Not to be confused with Costco, COSCO Shipping was founded as a subsidiary in 2016 following an approved merger between COSCO and China Shipping.
The COSCO Group is the largest liner carrier in China, transporting hundreds of container vessels daily while also providing ships to Chinese automakers to help them export their electric vehicles to new markets overseas, including Europe.
To adapt to the times, COSCO has developed a massive, fully electric container ship, which has now officially begun service in China.
COSCO’s electric container ship begins service in China
According to a WeChat post from COSCO Shipping, which features reports from China’s CCTV, the company’s Green Water 01 electric container ship arrived safely and was berthed in the Port of Yangshan by the local maritime safety administration.
The Green Water 01 sails at a total length of 119.8 meters, a molded width of 23.6 meters, a molded depth of 9 meters, a design draft of 5.5 meters, and a maximum speed of 19.4 km/h (12 mph). COSCO Shipping says the Green Water 01 electric container ship presents multiple firsts for the marine industry, including total length, width, container capacity, deadweight tonnage (10,0000 tons), and battery capacity (50,000+ kWh).
Speaking of batteries, the electric container ship is powered by a large-capacity battery combining for over 50,000 kWh. However, COSCO says the number of battery modules can be configured depending on the length of the voyage at sea. For example, additional 20-foot battery boxes offering 1,600 kWh of electricity can be loaded onto the container for extra range.
This ship’s captain, Wang Jun, told CCTV that when the Green Water 01 is equipped with 24 battery boxes, the electric container ship can complete trips that consume 80,000 kWh of energy, equivalent to approximately 15 tons of fuel for a similar journey in a traditional container ship.
COSCO Shipping also shared that the new Green Water 01 can save 3,900 kg (8,600 pounds) of fuel for every 100 nautical miles traveled, cutting carbon dioxide emissions by 12.4 tons. Following the successful launch, the Green Water 01 has commenced weekly service between Shanghai and Nanjing.
FTC: We use income earning auto affiliate links.More.
Chevy is offering a $4,000 discount for owners and lessees of Teslas and other EVs for the 2024 Blazer EV but with some quirky conditions.
Chevrolet’s conquest bonus cash offer doesn’t require a trade-in and can be transferred to household members, so that’s nice.
The $4,000 discount applies to both 2024 Chevy Blazer EV leases and purchases and according to CarsDirect, it can be stacked with other deals, such as the $7,500 tax credit and the $1,000 Costco member-only incentive.
Chevy also offers a $2,500 EV Loyalty Cash Allowance for current owners or lessees of a 2017 or newer Chevy Bolt or Bolt EUV.
All of that adds up to a nice price reduction for an EV with a base price in the mid-$50s.
But here’s where it gets a little quirky. As for which EVs you or your household members drive to qualify for the $4,000 discount, Tesla, of course, is on the list. So are Lucid, Rivian, and Fisker. CarsDirect notes that the Honda Fit EV qualifies, but the Hyundai IONIQ Electric doesn’t. Okayyy. So you’ll have to check with a dealer for your EV’s eligibility.
The $4,000 offer is also only being offered in what seems to be a somewhat random list of cities:
Albuquerque
Birmingham, Alabama
Charleston, West Virginia
Charlotte
Chicago
Dallas
El Paso, Texas
Greensboro, North Carolina
Greenville, South Carolina
Harrisburg, Pennsylvania
Huntsville, Alabama
Jacksonville
Little Rock
Mobile, Alabama
Norfolk, Virginia
Orlando
Richmond, Virginia
San Antonio, Texas
San Francisco
Savannah, Georgia
Tampa
Washington, D.C.
So if you want this deal and you don’t live in any of the above, then a road trip may be on the cards. (Atlanta and Santa Fe folks, I’m looking at you.)
And if that’s not possible, you’re not out of luck. If you want to lease, Chevy is offering $3,250 in lease cash for the Blazer EV in other parts of the US, and that’s open to everyone, regardless of what you or your household members drive.
The $4,000 conquest bonus cash deal is available from May 1 to June 3, 2024.
Now is a great time to begin your solar journey so your system is installed in time for those sunny spring days. If you want to make sure you’re finding a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage. EnergySage is a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20 to 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 you share your phone number with them.
Your personalized solar quotes are easy to compare online, and you’ll get access to unbiased energy advisors who will help you every step of the way. Get started here. –affiliate*
FTC: We use income earning auto affiliate links.More.