On Monday, Shares of SunEdison, Inc. (NYSE:SUNE), gained 0.32% to $31.66, hitting its highest level.
SunEdison, declared that it has attained Mark Group, based in Leicester, United Kingdom, the country’s leading full service energy solutions provider and a SunEdison solar sales and installation partner. This acquisition establishes a direct sales channel for SunEdison in residential and commercial sales within the UK, providing customers with robust energy efficient products and services, and strengthens the company’s global position as a renewable energy leader.
Mark Group is a leader in the UK residential market, offering its about two million UK customers energy efficient solar systems, heating systems and insulation products. The company is highly regarded with a proven track record in the commercial segment, having installed a 6 megawatt solar system which is presently the largest installation on a single rooftop in the UK.
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.
Shares of Tesla Motors, Inc. (NASDAQ:TSLA), inclined 2.77% to $282.26, during its last trading session.
On July 7, Tesla Motors, declared that it is ongoing to work with its current bank lender on the annual extension of its credit facility agreement, which is normally accomplished in May of each year. The Company has requested amendments to certain terms, counting a temporary waiver of its Funded Debt to EBITDA covenant and changes to the borrowing base formula which determines its loan limits. The amendments have been requested to avoid a breach of these covenants. Tesla has also received a preliminary proposal from another party for an additional loan, which it is pursuing while concurrently working with its bank lender on the terms of the credit facility. The Company anticipates to provide a further update regarding the credit facility and the projected new loan, when negotiated.
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally. It also provides development services to develop electric vehicle powertrain components and systems for other automotive manufacturers.
Finally, Celanese Corporation (NYSE:CE), ended its last trade with 0.76% gain, and closed at $66.27.
Celanese Corporation, stated record second quarter 2015 adjusted earnings per share of $1.58 as compared to $1.47 in the preceding year quarter and $1.72 in the preceding quarter.
Second quarter 2015 financial highlights:
- Continued alignment of two complementary value drivers - Materials Solutions and the Acetyl Chain: Designated presidents to drive value creation across core businesses
- Achieved record second quarter adjusted earnings of $1.58 per share, 7 percent higher than the preceding year quarter and 8 percent lower than the preceding quarter
- Delivered record second quarter adjusted free cash flow of $176 million driven by strong earnings and working capital administration
- Generated adjusted EBIT margin of 22.0 percent, 340 basis points higher than the preceding year quarter and 210 points below the preceding quarter
- Achieved GAAP earnings of $1.34 per share contrast to $1.66 per share in the preceding year quarter and $1.53 per share in the preceding quarter
Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company’s Advanced Engineered Materials segment develops, produces, and supplies specialty polymers for use in automotive, medical, electronics, and other consumer and industrial applications.
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