First Horizon Soars 1.60% on European Energy's $165M Green Boost!

First Horizon Corporation rose 1.60% in intraday trading, with the company's stock price movement potentially influenced by the broader market sentiment towards renewable energy projects. European Energy, a renewable energy project developer, has closed a EUR145 million ($165 million) long-term loan agreement with SEB Lithuania and Swedbank Lithuania. The loan covers the TelSiai I and TelSiai II onshore wind farms, each with an installed capacity of 60 MW, and the 78.5 MW AnykSciai solar park. Additionally, it will fund the construction of a new battery storage facility, which will be co-located with the AnykSciai solar park.