Nelnet Stock Price, News & Analysis

Ripple announced a strategic $44 million ESG investment in collaboration with Nelnet Renewable Energy to fund solar energy projects across the U.S. This initiative aims to support a cleaner energy future, anticipated to offset over 1.5 million tons of CO2 emissions. The investment, primarily by Ripple, is part of its commitment to reduce the carbon footprint of financial services globally. Nelnet, which recently earned an E1 ESG rating from S&P Global, emphasizes the importance of transitioning to renewable energy by creating jobs and providing cost-competitive solutions. This partnership underscores both companies' focus on sustainability and innovation.

Nelnet reported a GAAP net income of $83.9 million ($2.16 per share) for Q2 2021, a decrease from $86.5 million ($2.21 per share) in Q2 2020. Excluding derivative adjustments, net income was $85.1 million ($2.20 per share). The Asset Generation and Management segment saw a net interest income increase to $81.3 million, with a net income of $60.0 million. Revenue from the Loan Servicing segment rose to $112.1 million. The company declared a $0.22 dividend per share for Q3 2021.

Pluralytics, a natural language processing startup, announced the launch of its ValuesFinder product and secured over $1M in seed financing. As part of its Early Adopter Program, it has onboarded notable companies like Speedway Motors and Nelnet Renewable Energy. The product aims to help brands optimize their messaging to resonate with values-driven consumers. With a reported 140% increase in messaging response rates, Pluralytics positions itself as a key player in values-based communication, focusing on behavioral science and machine learning.

Nelnet, Inc. (NYSE: NNI) will announce its second-quarter earnings for the period ended June 30, 2021, after the market closes on August 5, 2021. Investors can access additional details following the earnings release at www.nelnetinvestors.com. This forthcoming report will likely provide insights into the company's financial performance for the quarter.

Nelnet Renewable Energy has successfully closed its first solar tax equity co-investor fund for 2021, raising $11.9 million with six banks for solar projects in Rhode Island and New York. This fund aims to generate over 20,000 MWhs of solar energy annually, offsetting around 363,000 tons of carbon dioxide over 35 years. The investment supports Nelnet's mission for cleaner energy and highlights its role in renewable energy transition. The company continues to be a leading tax equity investor in the solar sector, with over $160 million invested to date.

Nelnet Campus Commerce has appointed Mike Rogers as the new national sales manager. With over 20 years in higher education, including a significant tenure at Oracle America, Rogers brings extensive experience in customer service and technological advancements. He will focus on business development, account management, client retention, and revenue growth from his base in Chicago, Illinois. President Jackie Strohbehn praised Rogers' customer-focused approach and strategic vision as key assets for the organization.

Nelnet International has announced the second event in its Indonesian Education Leaders Forums, focusing on K-12 schools in the COVID-19 era, scheduled for June 9, 2021. The forum will gather global thought leaders to discuss critical themes affecting education today, including the evolving roles of parents and the social and spiritual development of students. With a commitment to Indonesia's education sector, Nelnet partners with notable organizations to navigate the challenges in delivering effective learning. The event aims to address significant shifts in educational practices due to the pandemic.

ALLO Communications has launched a program offering free 500 Mbps internet service and Wi-Fi routers to eligible households under the FCC's Emergency Broadband Benefit Program. President Brad Moline emphasizes the importance of this initiative for families' connectivity, especially for students. Eligibility criteria include low income or participation in assistance programs. The program aims to enhance digital inclusion and education opportunities. Households can register online or via phone for access to this service and additional low-cost options through ALLO.