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Stock Market & Financial Investment News

News Breaks
May 12, 2014
04:55 EDTYGE, YGE, WEC, WEC, PPL, PPL, SO, SO, NU, NU, ITC, ITC, HSOL, HSOL, FE, FE, EIX, EIX, D, D, CMS, CMS, BEP, BEP, ADES, ADESDeutsche Bank to hold a conference
8th Annual Clean Tech, Utilities & Power Conference to be held in New York on May 12-13.
News For ADES;BEP;CMS;D;EIX;FE;HSOL;ITC;NU;SO;PPL;WEC;YGE From The Last 14 Days
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December 14, 2014
15:51 EDTPPLPPL Corp. disconnects Unit 1 from the regional electric grid
Operators at PPL's Susquehanna nuclear power plant disconnected Unit 1 from the regional electric grid Saturday,12/13 because of a small water leak inside the containment structure. The massive concrete containment structure, which surrounds the reactor, is not accessible when the unit is running. Although the water leak is well within the plant's limits for continued safe operation, operators began shutting the unit down as a conservative measure to complete repairs and enhance the unit's reliability for the upcoming winter, when cold weather drives higher electricity use. PPL Susquehanna expects to quickly identify the source of the water leak, complete repairs and resume generating electricity for the regional power grid. The Susquehanna plant, located in Luzerne County about seven miles north of Berwick, is owned jointly by PPL Susquehanna LLC and Allegheny Electric Cooperative and is operated by PPL Susquehanna.
December 12, 2014
10:01 EDTCMSOn The Fly: Analyst Initiation Summary
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07:21 EDTEIXEdison International price target raised to $72 from $62 at BofA/Merrill
BofA/Merrill raised Edison International's price target to $72 following the better-than-expected dividend raise. Shares are Buy rated and on the US 1 List.
06:29 EDTCMSCMS Energy initiated with a Buy at UBS
Target $37.
December 11, 2014
16:13 EDTEIXEdison International raises common stock dividend 17.6% to 41.75c
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08:12 EDTDDominion resumed with a Buy from Neutral at Citigroup
Citigroup upgraded Dominion Resources to Buy after resuming coverage of the stock and raised its price target for shares to $85 from $74. Citi also added the name to its Focus List. The firm expects drop downs to drive strong cash flows for Dominion.
December 10, 2014
07:45 EDTWEC, FEWells Fargo to hold a symposium
2014 Wells Fargo Energy Symposium is being held in New York on December 9-10; with webcasted company presentations to begin on December 10 at 8 am; not all company presentations may be webcasted. Webcast Link
December 9, 2014
12:30 EDTFEWells Fargo to hold a symposium
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10:23 EDTNUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Outperform from Perform at Oppenheimer... Concho Resources (CXO) upgraded to Outperform from Neutral at Macquarie... Hanmi Financial (HAFC) upgraded to Outperform from Market Perform at FBR Capital... LHC Group (LHCG) upgraded to Outperform from Underperform at Credit Suisse... Lincoln Electric (LECO) upgraded to Buy from Neutral at Longbow... Northeast Utilities (NU) upgraded to Outperform from Neutral at Macquarie... SM Energy (SM) upgraded to Outperform from Neutral at Macquarie... Volcano (VOLC) upgraded at Needham... Wells Fargo sees fewer distractions for lululemon (LULU), upgrades shares... Xcel Energy (XEL) upgraded to Outperform from Neutral at Macquarie... lululemon (LULU) upgraded to Outperform from Market Perform at Wells Fargo.
07:57 EDTNUNortheast Utilities upgraded to Outperform from Neutral at Macquarie
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December 8, 2014
18:02 EDTSOWashington Gas Energy Systems to evaluate battery storage system in Georgia
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10:00 EDTDOn The Fly: Analyst Initiation Summary
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09:23 EDTNUSpectra Energy, Northeast Utilities form alliance with Iroquois Gas Transmission
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06:49 EDTHSOLHanwha SolarOne, Q CELLS announce merger
Hanwha SolarOne, Hanwha Solar Holdings, and Hanwha Q CELLS Investment announced a definitive share purchase agreement to create a new global leader in solar power. The combined business will be the largest manufacturer of solar cells with capacity of 3.28 gigawatts and will have a broader international footprint covering the largest and fastest-growing solar markets in the world. Under the terms of the agreement, SolarOne will acquire 100% of the outstanding share capital of Q CELLS from its sole shareholder, HSH, in an all-stock transaction with an implied enterprise value of the combined company at approximately $2.0B based on the closing price of SolarOne's American depositary shares as quoted by NASDAQ on December 5. The transaction was approved by the boards of both companies and is expected to close in Q1, subject to shareholder and regulatory approvals. Based on the unaudited financial information for each of SolarOne and Q CELLS for the six months ended June 30 the total revenue for the two companies was approximately $733M. More financial information for the combined companies will be provided in the shareholder circular, which SolarOne expects to be prepared and mailed to SolarOne's shareholders before the end of December, which will also be filed with or furnished to the SEC. According to the terms of the transaction, SolarOne will issue approximately 3.7B SolarOne ordinary shares to HSH in exchange for the transfer of 100% of the outstanding share capital of Q CELLS by HSH to SolarOne. The new shares to be issued by SolarOne to HSH in the transaction represent approximately 8.09 newly issued shares for each of SolarOne's currently outstanding shares on a fully diluted basis. If consummated, the transaction would result in HSH increasing its ownership of SolarOne from approximately 45.7% to approximately 94%, in consideration of HSH'S transfer of full ownership of Q CELLS to SolarOne. Based on SolarOne's December 5 closing share price, the implied equity value for Q CELLS is approximately $1.2B.
06:46 EDTHSOLHanwha SolarOne, Q CELLS announce merger
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06:27 EDTDDominion initiated with a Market Perform at Wells Fargo
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05:57 EDTYGEYingli Green Energy collaborates to deploy solar power in Thailand
Yingli Green Energy announced that its wholly-owned subsidiary, Yingli Green Energy Singapore, intends to collaborate with Kasikornbank Public, Huawei Technologies and Solventia Solar Energy, to deploy solar power in Thailand, a promising renewable energy market. According to their recently signed Memorandum of Understanding, the companies plan to jointly provide turnkey solar power solutions for both power plants and distributed generation projects throughout the country. Due to Thailand's strong year-round solar irradiation and rising demand for electricity, the Thai government has established a 3 GW target for total solar power capacity by 2021. The country plans to meet at least 20% of its energy demand with renewable resources by 2022.
December 4, 2014
17:03 EDTADESAdvanced Emissions partners with and invests in U.K.'s Highview Power Storage
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14:55 EDTWECWisconsin Energy plans to increase dividend 8.3% to 42.25c per share
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05:41 EDTHSOLHanwha SolarOne signs 20 MW module supply contract in China
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