Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has struck a new partnership with FuelCell Energy and TESIAC to develop 360 megawatts of power generation capacity for data centres in Virginia, West Virginia, and Kentucky. The collaboration will use natural gas and coal mine methane to provide off-grid power, reducing dependence on traditional grid infrastructure in the development of data centres.
Diversified Energy, FuelCell Energy, and TESIAC Collaborate to Form an Acquisition and Development Company to Leverage Coal Mine Methane and Natural Gas for Off-Grid Data Center Power Projects
The recent dip in value for Diversified Energy Company PLC (LSE:DEC, NYSE:DEC), coinciding with it latest acquisition, presents a buying opportunity – that's according to Peel Hunt analyst Sam Wahab. In London, the DEC share price is down by about a third in the past month and it is ending the week at 911p – which compares to Peel Hunt's target price of 3,000p.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) told investors its recently announced acquisition of Maverick Natural Resources remains on track, and the deal ‘is not, and will not be, impacted or adjusted'. It comes as DEC's London-listed shares are down around 33% London-listed over the past month.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has completed its acquisition of natural gas assets and pipelines from Summit Natural Resources, for $42 million. The assets - in Virginia, West Virginia, and Alabama - include around 2,000 barrels of production plus around 11 million barrels of reserves.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) said it aims to raise roughly $123.3 million with shares priced at $14.50 apiece for US investors to help pay for its planned acquisition of Maverick Natural Resources. Having flagged the underwritten public offering of 8.5 million ordinary shares on Wednesday, the energy company confirmed pricing on Thursday and said the fundraising is expected to settle on Friday.
BIRMINGHAM, Ala., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) (“Diversified” or the "Company"), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces the launch of an underwritten public offering (the “Offering”) in the United States of up to 8,500,000 ordinary shares (the “Shares”).
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
On the most recent trading day, Diversified Energy Company PLC (DEC) closed at $16.93, which is an increase of 1.8% compared to its last closing price.
The latest trading day saw Diversified Energy Company PLC (DEC) settling at $16.93, representing a +1.8% change from its previous close.