Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Muted Monday: Wall Street is having a relatively quiet session to wrap up a volatile, yet positive September and a strong third quarter. Federal Reserve Chair Jerome Powell spoke at the National Association for Business Economics conference in Nashville and fielded questions about his monetary policy outlook. Less than two weeks after the central bank kicked off its rate-cutting cycle by a half-percentage point, Powell indicated additional reductions would be ahead if the “economy evolves broadly as expected.” But, he cautioned, the Fed is “not on any preset course.” He later added that “this is not a committee that feels like it’s in a hurry to cut rates.” This last line caused the S & P 500 to trade at its lows of the day, as market probabilities for the Fed’s November meeting shifted to a traditional quarter-point cut from another 50 basis point move, according to the CME Group’s FedWatch tool . Ultimately, the Fed’s next move will depend on how the data evolves. Don’t overlook Disney : Shares of Club name Disney have quietly put together a solid September, up about 6% in the month. This comes after the stock spent most of August trading in the mid-$80s. Shares broke down on Aug. 7, falling more than 4% to $85.96 after a disappointing reaction to a good quarter . The entertainment giant beat estimates on revenue and delivered a sizeable bottom-line beat, thanks in part to its first profitable quarter from its streaming business. Nevertheless, the stock sold off on concerns about a moderation in spending at its theme parks . Since the quarter, the stock has rallied as the market has become more comfortable with Disney’s outlook, expecting that sluggish trends for its experiences business could reverse if multiple Fed rate cuts take some pressure off the consumer. Indeed, an improving macroeconomic outlook — coupled with emerging profitability at streaming — was the basis of Seaport Research Partner’s upgrade of Disney on Monday. The analysts now rate the stock a buy, up from neutral, with a price target of $108 a share. “While we have tangibly soft Parks data, it is likely temporary, and emergent DTC profitability is getting the benefit of the doubt, with recent price increases and paid sharing announcements possibly supporting further [average revenue per user] and sub growth,” Seaport told clients. Disney’s market valuation is heavily tied to the health of its experiences business, so we agree that an improving economic outlook should help boost the stock. The question is how long this normalization from a post-pandemic boom will last? In the meantime, we are encouraged by the progress Disney has made to make its streaming unit profitable and its recent box office success. Energy woes : The S & P 500 energy sector is on pace to finish the third quarter as the only sector in the red, down more than 3%. For the year, the energy sector is up about 5%, easily the worst-performing group. There have been a few winners in the oil-and-gas group, but for the most part, the independent exploration-and-production companies have been a big disappointment. Fortunately, we’ve only had one small energy position in Coterra Energy , a disciplined driller that balances oil and natural gas production based on commodity prices. At 2.15% of Jim Cramer’s Charitable Trust, our energy exposure is less than the 3.5% energy weighting of the S & P 500, as of Aug. 30, and we have correctly held off from averaging down since our last buy in late May at $27.50. But natural gas is now finally starting to move — tracking for its best month since July 2022 and trading at its highest levels since late June, when Coterra traded around just below $27 per share. Against that backdrop, we see value in Coterra shares trading at almost $24 with a 3.5% dividend yield and are debating adding to our position. Up next: Before the open Tuesday we’ll see earnings from payroll processor Paychex and spice maker McCormick . On the economic data side, there is the so-called JOLTS report, which measures job openings and serves as a good measure of tightness in the labor market. We’ll also see the September ISM manufacturing index, which could impact how the industrials trade. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) 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.
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Wind energy powered 20% of all electricity consumed in Europe (19% in the EU) in 2024, and the EU has set a goal to grow this share to 34% by 2030 and more than 50% by 2050.
To stay on track, the EU needs to install 30 GW of new wind farms annually, but it only managed 13 GW in 2024 – 11.4 GW onshore and 1.4 GW offshore. This is what’s holding the EU back from achieving its wind growth goals.
Three big problems holding Europe’s wind power back
Europe’s wind power growth is stalling for three key reasons:
Permitting delays. Many governments haven’t implemented the EU’s new permitting rules, making it harder for projects to move forward.
Grid connection bottlenecks. Over 500 GW(!) of potential wind capacity is stuck in grid connection queues.
Slow electrification. Europe’s economy isn’t electrifying fast enough to drive demand for more renewable energy.
Brussels-based trade association WindEurope CEO Giles Dickson summed it up: “The EU must urgently tackle all three problems. More wind means cheaper power, which means increased competitiveness.”
Permitting: Germany sets the standard
Permitting remains a massive roadblock, despite new EU rules aimed at streamlining the process. In fact, the situation worsened in 2024 in many countries. The bright spot? Germany. By embracing the EU’s permitting rules — with measures like binding deadlines and treating wind energy as a public interest priority — Germany approved a record 15 GW of new onshore wind in 2024. That’s seven times more than five years ago.
If other governments follow Germany’s lead, Europe could unlock the full potential of wind energy and bolster energy security.
Grid connections: a growing crisis
Access to the electricity grid is now the biggest obstacle to deploying wind energy. And it’s not just about long queues — Europe’s grid infrastructure isn’t expanding fast enough to keep up with demand. A glaring example is Germany’s 900-megawatt (MW) Borkum Riffgrund 3 offshore wind farm. The turbines are ready to go, but the grid connection won’t be in place until 2026.
This issue isn’t isolated. Governments need to accelerate grid expansion if they’re serious about meeting renewable energy targets.
Electrification: falling behind
Wind energy’s growth is also tied to how quickly Europe electrifies its economy. Right now, electricity accounts for just 23% of the EU’s total energy consumption. That needs to jump to 61% by 2050 to align with climate goals. However, electrification efforts in key sectors like transportation, heating, and industry are moving too slowly.
European Commission president Ursula von der Leyen has tasked Energy Commissioner Dan Jørgensen with crafting an Electrification Action Plan. That can’t come soon enough.
More wind farms awarded, but challenges persist
On a positive note, governments across Europe awarded a record 37 GW of new wind capacity (29 GW in the EU) in 2024. But without faster permitting, better grid connections, and increased electrification, these awards won’t translate into the clean energy-producing wind farms Europe desperately needs.
Investments and corporate interest
Investments in wind energy totaled €31 billion in 2024, financing 19 GW of new capacity. While onshore wind investments remained strong at €24 billion, offshore wind funding saw a dip. Final investment decisions for offshore projects remain challenging due to slow permitting and grid delays.
Corporate consumers continue to show strong interest in wind energy. Half of all electricity contracted under Power Purchase Agreements (PPAs) in 2024 was wind. Dedicated wind PPAs were 4 GW out of a total of 12 GW of renewable PPAs.
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In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss the official unveiling of the new Tesla Model Y, Mazda 6e, Aptera solar car production-intent, and more.
As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.
After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:
We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.
Here are a few of the articles that we will discuss during the podcast:
Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET):
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The Chinese EV leader is launching a new flagship electric sedan. BYD’s new Han L EV leaked in China on Friday, revealing a potential Tesla Model S Plaid challenger.
What we know about the BYD Han L EV so far
We knew it was coming soon after BYD teased the Han L on social media a few days ago. Now, we are learning more about what to expect.
BYD’s new electric sedan appeared in China’s latest Ministry of Industry and Information Tech (MIIT) filing, a catalog of new vehicles that will soon be sold.
The filing revealed four versions, including two EV and two PHEV models. The Han L EV will be available in single- and dual-motor configurations. With a peak power of 580 kW (777 hp), the single-motor model packs more power than expected.
BYD’s dual-motor Han L gains an additional 230 kW (308 hp) front-mounted motor. As CnEVPost pointed out, the vehicle’s back has a “2.7S” badge, which suggests a 0 to 100 km/h (0 to 62 mph) sprint time of just 2.7 seconds.
To put that into perspective, the Tesla Model S Plaid can accelerate from 0 to 100 km in 2.1 seconds. In China, the Model S Plaid starts at RBM 814,900, or over $110,000. Speaking of Tesla, the EV leader just unveiled its highly anticipated Model Y “Juniper” refresh in China on Thursday. It starts at RMB 263,500 ($36,000).
BYD already sells the Han EV in China, starting at around RMB 200,000. However, the single front motor, with a peak power of 180 kW, is much less potent than the “L” model. The Han EV can accelerate from 0 to 100 km/h in 7.9 seconds.
At 5,050 mm long, 1,960 mm wide, and 1,505 mm tall with a wheelbase of 2,970 mm, BYD’s new Han L is roughly the size of the Model Y (4,970 mm long, 1,964 mm wide, 1,445 mm tall, wheelbase of 2,960 mm).
Other than that it will use a lithium iron phosphate (LFP) pack from BYD’s FinDreams unit, no other battery specs were revealed. Check back soon for the full rundown.