NEW YORK--(BUSINESS WIRE)--Jun 25, 2026--
MN8 Energy (MN8), a leading U.S.-based Independent Power Producer (IPP) specializing in solar and battery energy storage solutions, today announced it has been recognized with a Proximo 2025 Deal of the Year Award in the Project Bond category for its U.S. solar and BESS Master Indenture Structure (MIS) portfolio financing.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260625781424/en/
The team was formally honored June 24 in Nashville, Tennessee, at the Country Music Hall of Fame and Museum during Proximo’s annual awards ceremony. Additional details on the awards and this year’s transactions can be found here: https://www.proximoinfra.com/articles/8519/Proximo-Deals-of-the-Year-2025-Live-lessons
The award highlights MN8’s innovative financing approach, which leveraged its existing master indenture structure across 29 operating projects while incrementally expanding the bond to support the company’s 2026 and 2027 pipeline projects.
“This recognition underscores the strength of our platform and our commitment to continuous innovation in renewable energy financing,” said David Callen, Chief Financial Officer at MN8. “By building on our master indenture structure, we’ve enhanced flexibility in how we manage our development portfolio while driving long-term value.”
The transaction was distinguished by several key improvements, including:
Proximo’s annual Deals of the Year Awards recognize the most innovative and impactful transactions across the global infrastructure and energy sectors. The 2025 awards emphasized transactions that offer practical, forward-looking solutions to real-time market challenges.
MN8’s recognition reflects its continued leadership in structuring complex, scalable financial solutions that support the expansion of clean energy infrastructure across the United States.
About MN8 Energy
MN8 Energy is one of the largest independent solar and energy storage producers in the United States, partnering with enterprise customers to deliver the clean energy solutions needed for an electrified, decarbonized future. The company owns approximately 4 gigawatts of operational and under-construction solar capacity, 1.5 gigawatt-hours of battery energy storage, and more than 40 high-power EV charging stations across 10 states. MN8 is headquartered in New York, with offices in South Florida, Dallas and Madrid. Learn more at MN8.com.
MN8 Energy's team accepts the Proximo 2025 Deal of the Year Award in the Project Bond category at the Country Music Hall of Fame and Museum in Nashville, Tennessee, June 24, 2026.
NEW YORK (AP) — Another veer up the roller coaster for artificial-intelligence stocks is pulling the U.S. market higher on Thursday.
The S&P 500 rose 0.6% to trim its loss for the week. The Dow Jones Industrial Average was up 307 points, or 0.6%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.
Micron Technology helped lead the market after jumping 19.4%. The maker of memory chips for computers reported much stronger profit and revenue for the latest quarter than analysts expected, and it gave a stronger growth forecast for the current quarter than Wall Street expected. That helped allay worries a bit that its stock had grown too expensive after coming into the day with a surge of 267% so far this year.
Micron and AI stocks broadly have been under pressure recently because of worries that their profits can’t possibly keep pace with the tremendous rallies for their stock prices. But beyond Micron, Qualcomm said late Thursday that the acceleration of the AI era is forcing it to upgrade forecasts for its own growth in upcoming years.
The chip company said it expects its revenue outside of handsets, including data centers, to hit $40 billion in its fiscal year of 2029, roughly double its prior target. Qualcomm’s stock rose 9.7%.
The broad U.S. stock market also got a lift from easing Treasury yields in the bond market. They regressed after oil prices dipped and reports showed inflation is behaving pretty much as economists expected.
The price for a barrel of Brent crude oil, the international standard, slipped 0.2% to $73.70 and is near its roughly $72 price from just before the war with Iran. It’s come well off its highs above $100 caused by the closure of the Strait of Hormuz because of the war, which slowed the global flow of oil.
That jump in oil prices earlier this year sent inflation sharply higher, and a report showed that a measure of inflation hitting U.S. consumers accelerated to 4.1% last month from 3.8% in April. But that wasn’t any worse than economists expected, and the hope is that inflation may ease because of the drop-off in oil prices.
That helped the yield on the 10-year Treasury slip to 4.38% from 4.41% late Wednesday and from 4.56% earlier this month.
High yields in bond markets worldwide caused by worries about inflation are threatening to slow economies, and they have already sent rates higher for mortgages and other kinds of loans. High yields also hurt prices for investments, particularly those seen as the most expensive. That raises the pressure on AI winners.
In stock markets abroad, South Korea’s Kospi jumped 5.4% after its own AI winners shot higher, including a 13.1% surge for SK Hynix.
Other markets also rallied, including gains of 4.6% for Japan’s Nikkei 225 and 0.8% for the United Kingdom’s FTSE 100. A 1.4% drop for Hong Kong’s Hang Seng was an outlier.
AP Business Writer Elaine Kurtenbach contributed to this report.
Options traders David Rush, left, and Scott Frinzi work on the floor of the New York Stock Exchange, Tuesday, June 16, 2026. (AP Photo/Richard Drew)
A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, June 24, 2026. (AP Photo/Ahn Young-joon)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, June 24, 2026. (AP Photo/Ahn Young-joon)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, June 24, 2026. (AP Photo/Ahn Young-joon)
A man walks past a monitor showing stock prices of companies on the Tokyo Stock Exchange in Tokyo, Tuesday, June 23, 2026. (AP Photo/Hiro Komae)
People walk past a monitor showing Japan's Nikkei 225 index at a securities firm in Tokyo, Tuesday, June 23, 2026. (AP Photo/Hiro Komae)
