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West Virginia is transforming its coal industry legacy by hosting Form Energy's new factory in Weirton, which produces long duration energy storage systems. Supported by a $290 million state incentive and a $150 million federal award, the facility aims to expand significantly by 2028, creating over 750 jobs and enhancing the renewable energy supply chain. This initiative highlights a shift towards sustainable energy solutions amid ongoing debates over fossil fuel investments in the state.
GIC
Companies
GIC / nyse
Global Industrial Company
Content of tab #2
Global Industrial Company
Systemax, Inc. markets and advertises brand names and private label products. It operates through the following segments: Industrial Products Group (IPG). The IPG sells a wide array of industrial and general business hard goods and supplies and to a lesser extent products that would fall into the generally recognizable category of maintenance, repair and operational (MRO) products. The company was founded by Paul Leeds and Michael Leeds in 1949 and is headquartered in Port Washington, NY.
Sector
industrialgoods
Industry
Industrial Equipment Distributors
CEO
Richard B. Leeds
Employees
1870
Address
11 Harbor Park Drive, Port Washington, NY, 11050, US
MachinaScore
4
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Blogger Sentiment
Bearish
GIC Sentiment 0%
Hedge Fund Trend
Positive
By 87.15k Shares Last Quarter.
Insider Transactions
Negative
Worth -330.31k over the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days
-0.02%
Last 30 Days 0.03%
Last 30 Days 0.03%
News Sentiment
Positive
Bullish news %
Bearish news %
Bearish news %
Technicals
SMA
Positive
20 days / 200 days
Fundamentals
Return on Equity
Positive
Trailing 12-Months
Asset Growth
0.72
Trailing 12-Months
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
west virginia transforms coal site into long duration energy storage hub
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