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Stock Market & Financial Investment News

News Breaks
August 20, 2014
10:13 EDTXYLXylem wins $19.6M contract
Xylem announced that it has won a contract worth $19.6M to provide custom-made Flygt pumps for the Xayaburi run-of-river hydropower dam. The dam is located on the Mekong River in the town of Xayaburi. The construction of the dam allows water to be kept within the riverís course and minimally raises the water level to allow fish migration between the Upper and Lower Mekong, while providing electricity to about 1M people in Laos and 3M people in Thailand. Construction of the $3.5B hydropower dam began in 2012. Commercial operation is slated to begin in 2019.
News For XYL From The Last 14 Days
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July 29, 2015
10:13 EDTXYLXylem awarded $6M rental contract for Panama Canal expansion
Xylem announced it is providing its heavy duty Godwin dewatering pumps to fill the third set of basin locks on the Pacific Ocean sector of the Panama Canal Expansion Program, with 1.7B gallons of water, as part of performance trials for the system prior to its commissioning. The Panama Canal Expansion Program is scheduled for completion in the second quarter of 2016.
July 20, 2015
07:18 EDTXYLXylem execution leads to growing constructive opinion at Canaccord
Canccord said they are clearly growing more constructive on Xylem following several quarters on the sidelines. The firm cited solid execution and operational initiatives that should prove beneficial this year, as well as bolt-on acquisition potential and the company's strong balance sheet. Canaccord maintains its Hold rating and $38 price target on Xylem shares.

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