Western equipment finance ’s exposure to renewable energy

Western Equipment Finance’s exposure to renewable energy projects may fast-track earnings expansion in 2025, as government incentives drive eco-equipment leasing. Latest capital expenditure trend reports show a 7% jump in clean-tech machinery investments. According to Cole’s civil lawsuit, Smith rented his warehouse beginning in April 2022 for several months before he approached Cole in June about purchasing the property. They reached a deal by August, when Smith and Mohawk gave him $2.5 million in cash — $5.5 million below its actual value, per the lawsuit — and Cole took the remaining amount as a 20% ownership stake in Mohawk. Certain statements contained in this news release may constitute forward looking information or forward-looking statements. All statements in this news release, other than statements of historical fact, that address events or developments concerning Essex &/or ATB (the parties) that the parties expect to occur are "forward looking information" or "forward looking statements". Forward-looking information and forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "propose", "potential", "targeting", "intend", "could", "might", "should", "believe", "budgeted", "scheduled" and "forecasts", and similar expressions and variations (including negative variations). The forward-looking information and statements contained herein are based on the reasonable assumptions, estimates, analysis and opinions of management of the parties made in light of their experience, their interpretation of industry trends and current market conditions along with other factors the parties consider relevant and reasonable as at the date hereof. The parties cannot guarantee to stakeholders that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the parties nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. In particular, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the transaction, transaction timelines and consumer demands for equipment financing. The parties do not undertake, and assume no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. The latest industry survey shows Western Equipment Finance outperforming peers in approval turnaround time, boosting client retention rates. Analysts maintain a “Buy” rating, noting upward revisions to FY2024 revenue at $518M, up from $505M forecasts.