Amazon Secures Long-Term Power Deals with Swedish Wind Farms
Amazon has secured long-term power purchase agreements to buy electricity from four wind farms in Sweden. This deal will provide nearly 200 megawatts of electricity, increasing Amazon's total power supply in Sweden to over 1 gigawatt.
The move is part of Amazon's efforts to support the expansion of its local data centers and meet the growing demand for cloud computing and AI services.
Amazon's current Price-to-Sales (P/S) ratio is significantly above its historical median, indicating that earnings-based valuation metrics like P/E do not apply due to the company's cash flow negativity. Its GF Score of 93/100 suggests a strong overall performance relative to its peers, but Amazon faces challenges in financial strength and valuation.
In recent quarters, 57 gurus hold shares of Amazon, with 28 adding to their positions and 25 trimming their holdings, indicating a generally positive sentiment among investment professionals. However, the insider selling of $365 million in shares over the past three months raises some concerns about insider confidence in the company's near-term prospects.