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Stock Market & Financial Investment News

News Breaks
March 25, 2014
07:24 EDTPNW, DUK, NRG, PCG, AES, EIX, AEP, SPWRBernstein to hold a conference
Innovative Energy Technologies Conference is being held in New York on March 25.
News For EIX;NRG;SPWR;AES;DUK;AEP;PCG;PNW From The Last 14 Days
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December 15, 2014
10:10 EDTSPWRSolar stocks could be volatile ahead of ITC/ITA decisions, says Brean Capital
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10:00 EDTPCGOn The Fly: Analyst Upgrade Summary
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08:04 EDTSPWRSunPower invests $20M in Tendril
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07:13 EDTAESAES Corp. agrees to sell minority interest in IPALCO Enterprises for $244M
The AES Corporation has entered into an agreement with La Caisse de dépôt et placement du Québec, a long-term institutional investor headquartered in Quebec, Canada. Pursuant to the agreement, CDPQ will purchase 15% of AES US Investments, Inc., a wholly-owned subsidiary of AES that owns 100% of IPALCO Enterprises, Inc, for $244M. In addition, CDPQ will invest approximately US$349 million in IPALCO through 2016, in exchange for a 17.65% equity stake, funding existing growth and environmental projects at Indianapolis Power & Light Company. After completion of these transactions, CDPQ’s direct and indirect interests in IPALCO will total 30%, AES will own 85% of AES US Investments, and AES US Investments will own 82.35% of IPALCO. There will be no change in management or operational control of AES US Investments or IPALCO as a result of these transactions. AES expects these transactions to be modestly accretive to Adjusted EPS based on reduced equity commitments from AES to fund existing growth and environmental projects at IPL and the initial cash investment by CDPQ, which AES will invest in line with its stated capital allocation framework. Subject to customary regulatory approvals, including from the Federal Energy Regulatory Commission and the Committee on Foreign Investments in the United States, these transactions are expected to close in first half 2015.
07:06 EDTAESAES Corp. raises quarterly dividend to 10c per share from 5c
The Board of Directors of The AES Corporation approved a 100% increase in the company’s quarterly common stock dividend, to 10c per share from 5c per share. The Board of Directors will continue to review the dividend on an annual basis. The company expects the dividend to grow at an approximate 10% annual rate, consistent with Parent Free Cash Flow growth of 10% to 15% per year on average through 2018. The Board of Directors declared a quarterly common stock dividend of 10c per share payable on February 17, 2015, to shareholders of record at the close of business on February 3, 2015.
07:06 EDTPCGPG&E upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded PG&E to Overweight citing a favorable risk/reward with the San Bruno investigation nearing a conclusion. The firm raised its price target for shares to $57 from $50.
06:25 EDTPCGPG&E upgraded to Overweight from Neutral at JPMorgan
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December 12, 2014
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.
December 11, 2014
16:13 EDTEIXEdison International raises common stock dividend 17.6% to 41.75c
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08:09 EDTPCGDetroit Economic Club to host a luncheon meeting
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December 10, 2014
14:22 EDTDUKDuke Energy accelerating ash basin closure planning across fleet
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10:00 EDTPNWOn The Fly: Analyst Downgrade Summary
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09:09 EDTDUKDuke Energy receives FERC approval for NCEPA assets purchase
Duke Energy has received approval from the Federal Energy Regulatory Commission to proceed with plans to purchase the North Carolina Eastern Municipal Power Agency's generating assets. The ruling is an important milestone of the approximately $1.2B transaction with NCEMPA, announced July 28. NCEMPA currently maintains partial ownership interest in several Duke Energy Progress plants.
07:45 EDTDUKWells 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
06:24 EDTPNWPinnacle West downgraded to Neutral from Buy at SunTrust
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December 9, 2014
10:23 EDTDUKOn The Fly: Analyst Downgrade Summary
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08:25 EDTNRGNRG Energy board authorizes repurchase of $100M of common stock
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08:04 EDTNRGNRG eVgo announces electric vehicle charging network in Atlanta
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08:00 EDTDUKDuke Energy downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Duke Energy to Neutral from Outperform, citing a lack of limited upside in the near term and the belief that a review of the company's international assets is unlikely to result in asset sales or cash transfers into the U.S. The firm, however, raised its price target on the stock to $84 from $79.
December 8, 2014
12:35 EDTDUKDuke Energy receives approval from NCUC to build three solar facilities
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