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Stock Market & Financial Investment News

News Breaks
January 17, 2013
10:07 EDTEMREmerson awarded contract for control technologies at Nevada solar project
Emerson Process Management, a global business of Emerson, has been awarded a contract to apply its Ovation expert control system at the Crescent Dunes Solar Energy Project near Tonopah, Nev. When it comes online at the end of 2013, this 110-megawatt concentrated solar power project will be the first commercial-scale solar facility in the United States to generate power from solar energy that is captured and stored in liquid molten salt. The project, which is being developed by Tonopah Solar Energy, an affiliate of SolarReserve, is expected to produce enough clean, renewable electricity to power more than 75,000 homes during peak electricity demand, and will be executed by Cobra Thermosolar Plants as engineering, procurement and construction contractor. Cobra Thermosolar Plants awarded the contract to Emerson.
News For EMR From The Last 14 Days
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November 25, 2014
10:00 EDTEMROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3M Company (MMM) initiated with an Underperform at RBC Capital... Ametek (AME) initiated with an Outperform at RBC Capital... AstraZeneca (AZN) initiated with an Outperform at Exane BNP Paribas... Bayer (BAYRY) initiated with a Neutral at Exane BNP Paribas... Carlisle (CSL) initiated with a Sector Perform at RBC Capital... Colfax (CFX) initiated with a Sector Perform at RBC Capital... Dover (DOV) initiated with a Sector Perform at RBC Capital... Eaton (ETN) initiated with a Sector Perform at RBC Capital... Emerson (EMR) initiated with a Sector Perform at RBC Capital... Evercore Partners (EVR) initiated with an Outperform at Macquarie... Fifth Street Asset (FSAM) initiated with a Buy at MLV & Co.... Flowserve (FLS) initiated with an Underperform at RBC Capital... General Electric (GE) initiated with an Outperform at RBC Capital... GlaxoSmithKline (GSK) initiated with an Underperform at Exane BNP Paribas... Grainger (GWW) initiated with a Sector Perform at RBC Capital... Hanesbrands (HBI) initiated with a Buy at UBS... Hercules Technology (HTGC) initiated with a Neutral at Macquarie... HomeStreet (HMST) initiated with a Neutral at Macquarie... Honeywell (HON) initiated with an Outperform at RBC Capital... IDEX Corp. (IEX) initiated with an Outperform at RBC Capital... Illinois Tool Works (ITW) initiated with a Sector Perform at RBC Capital... Ingersoll-Rand (IR) initiated with a Sector Perform at RBC Capital... ManTech (MANT) initiated with a Buy at Maxim... Novartis (NVS) initiated with an Outperform at Exane BNP Paribas... Nu Skin (NUS) initiated with a Neutral at Citigroup... Oppenheimer Holdings (OPY) initiated with a Neutral at Macquarie... Pentair (PNR) initiated with an Outperform at RBC Capital... Raymond James (RJF) initiated with a Neutral at Macquarie... Roche (RHHBY) initiated with an Outperform at Exane BNP Paribas... Roper Industries (ROP) initiated with an Outperform at RBC Capital... SPX Corp. (SPW) initiated with a Sector Perform at RBC Capital... Sanofi (SNY) initiated with an Outperform at Exane BNP Paribas... Tyco (TYC) initiated with an Outperform at RBC Capital... United Technologies (UTX) initiated with an Outperform at RBC Capital... WESCO (WCC) initiated with an Outperform at RBC Capital... Xylem (XYL) initiated with a Sector Perform at RBC Capital.
08:10 EDTEMREmerson reports orders growth of 5% for three months end October
Emerson disclosed in a regulatory filing that its trailing three-month order trends remained solid, with growth reflecting mixed global market conditions and heightened currency volatility, as seen in the significant strengthening of the U.S. dollar. In total, underlying orders growth was robust, led by strength in Process Management and Climate Technologies, and benefiting from a large project in Network Power. Strong momentum in North America continued, supported by energy investment and inventory growth in the HVAC industry ahead of the upcoming regulatory changes effective January 1, 2015. Demand across other regions was mixed. Currency translation deducted 5 percentage points. Excluding the large Network Power project and the inventory build in the HVAC industry, underlying orders grew at a mid-single-digit rate, reflecting solid market conditions.
November 24, 2014
16:14 EDTEMREmerson initiated with a Sector Perform at RBC Capital
Target $69.
November 19, 2014
16:24 EDTEMREmerson files automatic mixed securities shelf
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