Amazon.com Inc. (NASDAQ:AMZN) Stock Jumps As Winds of Change EmbracedAuthor: David GoldsteinLast Updated: May 29, 2020 Amazon.com Inc. shares hit their all time closing high on Monday afternoon after an apparent end to the crisis in Greece drove growth stocks higher on US markets. UBS added fuel to that fire on Tuesday morning. Analysts at the bank upgraded stock in Amazon from Neutral to Buy.Amazon sees winds of changeThis morning Amazon said that it will join with Iberdrola Renewables, LLC to construct and operate a 208 megawatt wind farm in North Carolina. The wind farm is being put together in order to power a data center for Amazon Web Services, the firm’s fast-growing cloud services business. Amazon is the second biggest firm in the space after Microsoft. The wind farm will be completed by December 2016 and will produce enough power in a year to keep more than 60,000 US homes going. Amazon Web Services says that it wants to become 100 percent reliant on renewable sources of energy, a move mirrored by other big data center builders like Apple and Google.Amazon has signed up for the Tesla Motors Powerpack in order to see a more constant supply of power from those energy sources to its data centers. One of the biggest problems with green energy sources is that supply tends to be difficult to predict and uncontrollable. Tesla’s battery tech eliminates some of those problems.The building of a new wind farm, though a positive for the firm and a reinforcement of the growth of Amazon Web Services, is not likely responsible for the growth in the value of Amazon on this morning’s pre-market.Amazon earnings incomingIn a new report, UBS put a $550 price target on shares in Amazon this morning. That’s much higher than the all time high of $455.57 that shares in the firm finished trading at on Monday afternoon. The firm’s stock benefited from rumors that it may be willing to book a larger profit in the coming year, putting an end to years of break even reports at the firm.On this morning’s early pre-market shares in the firm were up by another 1.3 percent to $461.50, but it’s no surety that that level will be maintained until markets open fully later on today. Amazon is set to reveal its earnings numbers for the three months through June on July 23 after the market closes on Wall Street. The firm isn’t expected to book a profit this time around. Wall Street is looking for the firm to show a loss of 17 cents per share according to consensus forecasts.For the full year analysts are looking for Amazon to earn a profit of around 41 cents per share. That’s much lower than what many might see as the firm’s earning potential, but unless Amazon’s policy has truly change, the firm is not looking to live up to that potential.Revenue is still the metric that Wall Street thinks it best to measure Amazon on. By consensus they’re looking for the firm to show revenue of $22.3bn for the June quarter. That’s up from $20.8bn in the same quarter of last year.