Year: 2015

Detroit-based utility DTE Energy Company DTE is set to construct the largest solar array in Michigan, with a generating capacity of 45 megawatts (“MW”). The City of Lapeer is leasing the land to DTE on which it will construct two solar plants. The utility was granted state approval for a contract with Inovateus Solar MI, LLC to develop up to 50 megawatts of power, enabling the company to move forward with the Lapeer projects […]

On Dec 21, 2015, shares of Canadian cable TV behemoth Shaw Communications, Inc. SJR slid to a 52-week low of $16.90. In fact, year to date, the company’s shares have declined over a substantial 37.06%. […]

In sync with its strategy to monetize certain assets and strengthen the balance sheet, First Potomac Realty Trust FPO announced the divestiture of Lorton, VA-based Newington Business Park Center. The sale of the 7-building, 256,000-square foot industrial property to an affiliate of Velsor Properties, LLC will likely fetch gross proceeds of $32.5 million for the Bethesda, MD-based real estate investment trust (“REIT”). […]

On Dec 21, 2015, we issued an updated research report on The Goldman Sachs Group, Inc. GS . […]

Celanese Corporation CE declared that it has entered into a Memorandum of Understanding (MoU) with Push Group Co., Ltd., to form a new joint venture aimed at manufacturing cellulose acetate-based specialty products, including high-quality plastics and films. Push Group, a fully-owned unit of Sichuan Wuliangye Group Co., Ltd., is based in Yibin, China. […]

Alnylam Pharmaceuticals, Inc. ALNY announced that it has submitted a Clinical Trial Application (CTA) for ALN-GO1 with the UK Medicines and Healthcare products Regulatory Agency for the treatment of patients with primary hyperoxaluria type 1 (PH1). The company plans to initiate a phase I study in early 2016, upon approval […]

SolarCity Corp. SCTY has released a statement that it will stop operating in Nevada if the state Public Utilities Commission's (“PUC”) proposed decision on rooftop solar is passed. The draft proposes changes such as separate ratepayer classes for all small commercial and residential net metering customers to ascertain no cost shift between ratepayers; compensation of surplus energy produced through net metering systems at wholesale rates; a higher fixed charge and a subsequent decrease in the volumetric commodity charge in order to reduce disparity amongst net metering customers; an time-of-use pricing option to let net metering customers benefit from energy generation during peak and off-peak demand periods; and incremental implementation of new rates over four years. […]

Jones Lang LaSalle Incorporated JLL recently closed the acquisition of the cloud-based facility management solutions provider, Corrigo Incorporated. The move is expected to bring a transformational shift in the use of automation by the company’s clients, streamlining all operations ranging from initiating and tracking work orders, managing bids, and monitoring completed work to paying invoices. […]

We have issued an updated research report on Companhia Paranaense de Energia ELP or COPEL on Dec 21, 2015. Despite solid long-term fundamentals, exposure to headwinds has restricted the company’s growth momentum in the near term. COPEL, one of the largest integrated electricity utilities in Brazil, has a generation capacity of roughly 5,638 megawatt (MW), of which 99% is hydroelectric. […]

We issued an updated research report on Companhia Siderurgica Nacional SID or CSN on Dec 21, 2015. The company specializes in producing hot and cold-rolled flat steel, galvanized sheets and tin plates for packaging, automotive and construction industries. This Brazilian steel manufacturer currently has a market capitalization of $1.3 billion […]

Confirming market rumors, Japan’s Nomura Holdings, Inc. NMR announced on Monday that it has inked a deal with Canadian Imperial Bank of Commerce CM – CIBC – to acquire a non-controlling interest in American Century Investments. Notably, Nomura will shell out $1 billion for 41% stake in the Missouri-based money manager. […]

Global engineering, procurement and construction conglomerate Chicago Bridge & Iron Company N.V. CBI recently announced that it has secured three multi-million awards that will significantly supplement its financial performance in the forthcoming quarters. […]

The Andersons, Inc. ANDE announced expansion of the facility owned by The Andersons Albion Ethanol LLC, Albion, MI. […]

ADRs of Banco Santander, S.A. SAN were down 3% on Monday, after the company announced plans to acquire the commercial banking business of Banco Internacional de Funchal (“Banif”) through its subsidiary, Banco Santander Totta, for €150 million ($163 million). As part of the acquisition, Santander will acquire most of Banif’s assets and liabilities, excluding problematic assets. […]

Aduro BioTech, Inc. ADRO announced that it has dosed the first patient in a phase I study on ADU-741 (also known as JNJ-64041809) for the treatment of patients with prostate cancer. […]

It was a week where oil prices dropped to a fresh 7-year low and natural gas futures sunk to a level not seen in almost 17 years. On the news front, oil services groups Halliburton Co. HAL and Baker Hughes Inc […]