On Wednesday, Shares of National Bank of Greece S.A. (NYSE:NBG), gained 7.62% to $1.13, following reports suggesting Greece’s Prime Minister Alexis Tsipras will accept most of the bailout terms offered by its creditors.
In a letter sent to the heads of the European Commission, the International Monetary Fund and the European Central Bank, Tsipras said Greece is “prepared to accept a deal,” The New York Times reports.
However, the prime minister is still looking for a number of changes that could halt a deal, the Financial Times reports.
National Bank of Greece S.A., together with its auxiliaries, provides diversified financial services. The company is involved in retail and commercial banking, asset administration, investment banking, brokerage, and insurance activities.
Shares of California Resources Corporation (NYSE:CRC), declined -6.29% to $5.66, during its last trading session, after U.S. inventory data showed an enhance in crude oil stockpiles.
Oil prices were falling after a U.S. Energy Information Administration report said that U.S. crude oil stockpiles grew by 2.4 million barrels in the week ending June 26, 2015, the first enhance in nine weeks. Analysts surveyed by the Wall Street Journal predictable oil inventories to drop by 1.2 million barrels in the week.
In other news, California Resources will host its second quarter financial results conference call on Thursday, August 6th, at 5:00 p.m. Eastern Daylight Time. The Company’s earnings will be released following the market close on the same date.
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. The company holds interests in about 2.4 million net acres. It also gathers, processes, and markets oil and gas products, in addition to produces and sells power. The company is headquartered in Los Angeles, California.
Finally, SunEdison, Inc. (NYSE:SUNE), ended its last trade with -1.07% loss, and closed at $29.59.
SunEdison, and Gamesa (GAM), a global technology leader in wind energy, declared that they have signed a Memorandum of Understanding (MoU) to create a joint venture to develop up to 1 gigawatt (GW) of wind energy power plants globally by 2018. SunEdison and Gamesa will each own a 50 percent stake in the joint venture.
Under the terms of the agreement, Gamesa will supply the wind turbines and be responsible for operation and maintenance (O&M) of the wind power plants as part of long term O&M agreements. Gamesa may also provide engineering, procurement, and construction services for the projects. Ownership of the projects will be shared during development; upon construction SunEdison will acquire the projects from the joint venture. SunEdison will purchase additional wind turbines from Gamesa, based upon development volume targets achieved by the joint venture.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials. The Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations, and maintenance portions of the downstream solar market.
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