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Stock Market & Financial Investment News

News Breaks
February 26, 2013
15:06 EDTRRC, KAI, PCLN, FSLR, NATL, EIXCompanies reporting After the Market Close on Tuesday, February 26
Notable companies reporting after the bell include Edison International (EIX), First Solar (FSLR), Kadant (KAI), National Interstate (NATL), Priceline.com (PCLN) and Range Resources (RRC).
News For EIX;FSLR;KAI;NATL;PCLN;RRC From The Last 14 Days
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May 22, 2015
08:56 EDTFSLRJefferies to hold a field trip
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May 21, 2015
12:01 EDTFSLRSouthern Company subsidiary acquires 103-MW Georgia solar project
Southern Company (SO) subsidiary Southern Power acquired the 103-megawatt Butler solar facility from Community Energy in Georgia. The project, which was initially developed by Community Energy was selected by Southern Company subsidiary Georgia Power in a competitive process through the nationally recognized Georgia Power Advanced Solar Initiative. The facility, which will be located on approximately 1,070 acres in Taylor County, Georgia, is expected to enter commercial operation in the fourth quarter of 2016. Construction is slated to begin in September 2015, with First Solar (FSLR) managing the building, operations and maintenance of the facility. The Butler solar facility is expected to consist of more than 1 million of First Solar's thin-film photovoltaic solar modules mounted on single-axis tracking tables. The electricity and associated renewable energy credits generated by the facility will be sold under a 30-year power purchase agreement with Georgia Power, which will have the option to keep or sell the RECs, for the benefit of its customers or renewable energy programs.
May 20, 2015
17:28 EDTKAIKadant authorizes share repurchase of up to an additional $20M
Kadant has authorized the repurchase of up to an additional $20M of its equity securities effective May 20, 2015 through May 20, 2016. Through May 20, under the existing $20M authorization that will expire on July 28, the company has repurchased 50,000 shares of its common stock for an aggregate purchase price of approximately $2.0M, or $39.53 per share, leaving $18.0M remaining on this authorization.
May 19, 2015
09:58 EDTPCLNOn The Fly: Analyst Initiation Summary
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06:18 EDTPCLNPriceline initiated with a Neutral at Guggenheim
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05:36 EDTPCLNBooking.com implements new parity provisions in Germany
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May 18, 2015
10:01 EDTRRCOn The Fly: Analyst Downgrade Summary
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06:42 EDTRRCRange Resources downgraded to Neutral from Conviction Buy at Goldman
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May 15, 2015
12:39 EDTEIXWells identifies NextEra, Sempra as among favorite utility names
Utilities as a group have dropped in recent months and there are several names in the sector that offer relative value and exposure to secular growth trends, Wells Fargo stated in a note to investors today. WHAT'S NEW: The utilities sector is trading at a forward multiple that is 93% of the S&P 500, versus the ten year average of 102%, according to Wells. Moreover, utilities are "slightly cheap" relative to interest rates, the firm thinks. NextEra Energy (NEE) and Sempra Energy (SRE) have the best growth opportunities in the utility space, according to Wells. They also have proven management teams and are well-positioned to exploit long-term trends, including renewable energy and energy infrastructure, the firm believes. ITC Holdings (ITC) has reached an attractive entry point and, to a degree, offers a near-term hedge against an interest rate increase, according to the firm. Edison International (EIX) and Xcel Energy (XEL) are underappreciated regulated utilities, added Wells. Edison trades in-line with its peers despite superior EPS growth potential and Xcel trades at a 3%-6% discount to the sector despite its at least in-line EPS growth and comparable regulatory risk, which might ease, the firm added. PRICE ACTION: In early afternoon trading, NextEra rose 0.5%, Sempra gained 0.6%, Edison added 0.6%, Xcel climbed 0.4% and ITC was little changed.
07:49 EDTEIXWells Fargo identifies favorite utility names
Wells Fargo says that NextEra Energy (NEE) and Sempra Energy (SRE) have the best growth opportunities in the utility space as well as proven management teams, and are well-positioned to exploit long-term trends. ITC Holdings (ITC) has reached an attractive entry point, and, to a degree, offers a near-term hedge against an interest rate increase, according to the firm. Edison International (EIX) and Xcel Energy (XEL) are underappreciated regulated utilities, added Wells.
May 12, 2015
08:04 EDTRRCCitigroup to hold a conference
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May 10, 2015
12:54 EDTEIXDuke, Edison, other utilities could return 8% annually, Barron's says
Shares of Duke Energy (DUK), Southern Company (SO), Consolidated Edison (ED), Edison International (EIX), PG&E (PCG), American Electric (AEP), Dominion (D), and NextEra Energy (NEE) could return 8% or more annually in coming years, Barron's contends in a feature article. Though utilities are sometimes seen as no-growth businesses, Barron's argues that infrastructure replacement projects, rate hikes, and dividend boosts make the sector look attractive. Reference Link
May 8, 2015
09:02 EDTPCLNPriceline acquires PriceMatch
Priceline acquired PriceMatch, a cloud-based data and analytics solution for hotels. Terms of the deal have not been disclosed. PriceMatch will be integrated into BookingSuite, a recently-launched division of Booking.com.
07:38 EDTPCLNJefferies puts Google atop list of potential Yelp buyers
Jefferies laid out potential buyers for Yelp (YELP) after the Wall Street Journal reported that the company hired bankers to explore a sale. A Google (GOOG, GOOGL), Yelp (YELP) combination makes the most sense, the firm believes. It points out Google unsuccessfully tried to buy Yelp for $550M in 2009. Other potential buyers include Facebook (FB), Priceline (PCLN), GrubHub (GRUB) and Yahoo (YHOO), the firm notes. Jefferies views Yelp as a highly valuable asset and keeps a Buy rating on the stock with a $79 price target. Deutsche Bank today pegged the chances of a Yelp buyout at 60% and estimates a takeout price between $59 and $85 per share. The stock closed yesterday up $8.79 to $47.01 following the Journal's report.
07:19 EDTPCLNDeutsche Bank sees 60% probability of Yelp takeover
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