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Stock Market & Financial Investment News

News Breaks
July 21, 2014
07:05 EDTTOSBF, NRGNRG Energy acquires Spanish Town Estate Solar project
NRG Energy (NRG) announced the acquisition of the 4 megawatt Spanish Town Estate Solar project on the island of St. Croix in the U.S. Virgin Islands from Toshiba (TOSBF). Once completed, the power will be sold to the U.S. Virgin Island Water and Power Authority under a 25-year power purchase agreement. The project also is expected to help the USVI achieve their renewable energy goals to reduce its fossil fuel based energy consumption by 60% over the next 10 years. Construction of the Spanish Town Estate Solar project began in April and is expected to generate enough electricity to power more than 1,500 homes. The solar facility will require no fuel and minimal water. It is expected to create nearly 100 direct and indirect jobs during construction and to inject a total of approximately $3M into the local economy. With the purchase of the project, NRG, through its subsidiaries, will be the sole owner of the facility, while Toshiba will continue to serve as the lead on engineering, procurement and construction.
News For NRG;TOSBF From The Last 14 Days
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February 9, 2016
06:28 EDTTOSBFINCJ pitches Sharp on intention for smart home-appliance giant, Bloomberg says
Innovation Network Corp. of Japan is trying to pitch Sharp's (SHCAY) board on intentions to establish a Japanese smart home-appliances giant, Bloomberg reports, citing people with knowledge of the matter. The move is an effort from the state-backed fund to convince Sharp to accept its bailout offer over a rival offer from Foxconn (HNHPF), the report says. INCJ also is preparing an offer for Toshiba's (TOSBF) white-goods business, which it would then combine with Sharp, the report says. Reference Link
February 4, 2016
11:33 EDTTOSBFSamsung postpones investment in Xi'an semi plant, BusinessKorea says
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06:37 EDTTOSBFToshiba to purchase land to expand flash memory output, DigiTimes reports
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January 29, 2016
10:05 EDTNRGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Equity (AEL) initiated with an Outperform at RBC Capital... Calpine (CPN) initiated with a Buy at Guggenheim... Diamondback Energy (FANG) initiated with an Outperform at BMO Capital... Dynegy (DYN) initiated with a Neutral at Guggenheim... ICF International (ICFI) initiated with a Market Perform at Barrington... Juno Therapeutics (JUNO) initiated with a Buy at SunTrust... Kite Pharma (KITE) initiated with a Buy at SunTrust... Match Group (MTCH) initiated with a Neutral at Susquehanna... Medifast (MED) initiated with a Hold at Wunderlich... NRG Energy (NRG) initiated with a Buy at Guggenheim... NRG Yield (NYLD) initiated with a Neutral at Guggenheim... Nutrisystem (NTRI) initiated with a Buy at Wunderlich... Parsley Energy (PE) initiated with an Outperform at BMO Capital... Precision Drilling (PDS) initiated with a Hold at Canaccord... RSP Permian (RSPP) initiated with an Outperform at BMO Capital... Taylor Morrison (TMHC) initiated with a Neutral at Citi... Tortoise North American Energy (TYN) initiated with a Neutral at Guggenheim... WisdomTree (WETF) initiated with a Neutral at Northcoast.
January 28, 2016
17:07 EDTNRGNRG Energy initiated with a Buy at Guggenheim
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January 27, 2016
06:53 EDTTOSBFKKR, Bain, Fujifilm to make offers for Toshiba Medical, Reuters reports
KKR (KKR), Bain Capital, and Fujifilm (FUJIY) are among possible bidders for a medical equipment unit of Toshiba (TOSBF) in a deal that could be valued as high as $3B, Reuters reports, citing people familiar with the process. Reference Link

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