Month: August 2011

Stock Analysts

SunPower, Akuo Solar in Supply Deal (SPWRA) (STP)

August 30, 2011 0

SunPower Corporation ( SPWRA ) has received an order for 75,000 high efficiency SunPower solar panels from Akuo Solar, a subsidiary of Paris-based Akuo Energy. Akuo Solar will utilize these panels for its planned 24-megawatt solar development project consisting of two power plants located in the Provence-Alps-Cotes d'Azur region in southern France. Akuo Energy is a French independent power producer specializing in developing, financing and operating power plants from renewable resources and has already partnered with SunPower on projects exceeding 30 megawatts […]

Stock Analysts

NextEra Gets Fund for Solar Plant (NEE) (PGN) (SO)

August 30, 2011 0

NextEra Energy Inc. ( NEE ) announced that its subsidiary Solar LLC has secured financing worth $935 million for its 250 megawatt (MW) solar project located in Riverside County, California. The fund of $935 million consists of $702 million in project bonds, a $150 million project term loan facility and an $83 million project letter of credit facility […]

Stock Analysts

Earnings Scorecard: Big Lots (BIG) (TGT)

August 30, 2011 0

Big Lots Inc. ( BIG ), which operates as a broad line closeout retailer in the United States, recently posted second-quarter 2011 results, and updated its fiscal 2011 earnings outlook. Street analysts had nearly a week to ponder over the company’s scores […]

Stock Analysts

Telefonica Remains Neutral (TEF) (VIV)

August 30, 2011 0

We are maintaining our long-term Neutral recommendation on Spanish telecom giant Telefonica ( TEF ). For the short term (1–3 months), the stock retains a Hold rating with a Zacks #3 Rank. We believe continued investments in the expansion of broadband services (both fixed and wireless) are expected to offset some of the difficulties emerging from the depressed domestic market […]

Stock Analysts

Japan Still Battles Weak Production (HMC) (NSANY) (TM)

August 30, 2011 0

Automakers in Japan saw weak production and sales in July on the back of strong yen, unstable global economy and parts-supply problem due to the earthquake and tsunami in Japan on March 11. Global production at Toyota Motor Corp. ( TM ) dipped 6.1% on a year-over-year basis to 594,614 vehicles during the month while its domestic sales of passenger cars, trucks and buses slashed 35% and exports slid 5% due to lower shipments to North America. […]

Mergers & Acquisitions

CD&R and its partners AXA Private Equity and Caisse de depot et placement du Quebec complete SPIE acquisition

August 30, 2011 0

CD&R and its partners AXA Private Equity and Caisse de depot et placement du Quebec complete SPIE acquisition PR Newswire LONDON, PARIS and MONTREAL, Aug. 30, 2011 LONDON , PARIS and MONTREAL , Aug. 30, 2011 /PRNewswire/ — Clayton, Dubilier & Rice (CD&R) and its partners AXA Private Equity and Caisse de depot et placement du Quebec today announced the closing of the acquisition of French based multi-technical services company, SPIE, from PAI partners […]

Mergers & Acquisitions

Icahn Seeks to Replace Clorox Board and Commence Process to Sell Clorox

August 30, 2011 0

Icahn Seeks to Replace Clorox Board and Commence Process to Sell Clorox Icahn Affiliates Will Back Stop The Sale Process With $78.00 Per Share Buy Out Offer The Offer Will Not Be Subject To Due Diligence Or Financing PR Newswire NEW YORK, Aug. 30, 2011 ‪NEW YORK, Aug. 30, 2011 /PRNewswire/ — Carl Icahn announced today that, if elected, he expects the slate of directors that he nominated for the Clorox 2011 annual meeting to immediately commence a comprehensive auction process to sell the company. […]