On Monday, in the course of current trade, Shares of Xylem Inc (NYSE:XYL), dropped -0.58%, and is now trading at $32.51.
Xylem Inc., dedicated to solving the world’s most challenging water issues, congratulates Perry Alagappan of Houston, Texas, the winner of the 2015 Stockholm Junior Water Prize (SJWP), the most prestigious international student competition for water-related research. The award was presented to Mr. Alagappan during the 19th SJWP ceremony at the annual World Water Week celebration in Stockholm for his project “Novel Renewable Filter for Heavy Metal Removal: A Practical Application of Functionalized Multi-Walled Carbon Nanotubes.”
Mr. Alagappan became interested in how rapid technological advances have resulted in a significant rise in electronic waste, including toxic heavy metals such as mercury, cadmium and lead, found in the waterways. Combining his interests in water and nanotechnology, he focused his intensive research on creating a first-of-its-kind filter that removes more than 99 percent of heavy metal contaminants from drinking and industrial wastewater.
Xylem Inc. engages in the design, manufacture, and application of engineered technologies for the water and wastewater applications. The company operates in two segments, Water Infrastructure and Applied Water.
During an Afternoon trade, Shares of PPG Industries, Inc. (NYSE:PPG), dipped -0.71%, and is now trading at $95.43.
The PPG Industries Foundation has donated $120,000 to the Pennsylvania State University (Penn State) for its Materials Research Institute (MRI) Student Assistantship Program and additional programming. This marks the third year the PPG foundation has supported Penn State undergraduate students participating in the 10-week summer program, this year funding eight fellowships, as well as one graduate student for a full year’s research along with additional student opportunities.
“PPG Industries values Penn State’s MRI programs because they help prepare students for careers in fields related to PPG’s business, such as coatings research and development,” said Sue Sloan, executive director of the PPG Industries Foundation. “We’re excited to continue our relationship with Penn State and provide funding that expands opportunities for students and grows our ties with this well-respected research institution.”
PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company’s Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; sealants, coatings, maintenance cleaners, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; and chemical management services.
Shares of Ashford Hospitality Prime, Inc. (NYSE:AHP), during its Monday’s current trading session fell -2.30%, and is now trading at $13.82.
Ashford Hospitality Prime declared that the Independent Directors of the Board have decided to explore a full range of strategic alternatives, including a possible sale of the Company. The Independent Directors have retained Deutsche Bank Securities Inc. as their financial advisor to assist in this process.
“Our Board of Directors and management team remain committed to acting in the best interests of our shareholders,” said Monty J. Bennett, Ashford Prime’s Chairman and Chief Executive Officer. “We do not believe Ashford Prime’s current share price accurately reflects the Company’s intrinsic value. While we are confident in our strategic plan, we have concluded that we should consider all other opportunities to maximize shareholder value.”
Ashford Hospitality Prime, Inc. (NYSE:AHP.WI) operates independently of Ashford Hospitality Trust, Inc. as of November 19, 2013.
Finally, WEC Energy Group Inc (NYSE:WEC), lost -0.93% Monday.
Return Potential Expected In WEC Energy,
- WEC Energy Group Inc (NYSE: WEC) shares have declined by 10 percent year-to-date, and are currently trading close to the midpoint of their 52-week range of $42.53 - $58.01.
- Goldman Sachs analyst Michael Lapides maintained a Buy rating for the company, while adding it to the Americas Conviction List and raising the price target to $52.
- Lapides believes there is upside to consensus EPS estimates, which should drive above-average dividend growth.
WEC Energy Group, Inc., through its subsidiaries, generates and distributes electric energy. The company operates in two segments, Utility Energy and Non-Utility Energy. It generates electricity from coal, natural gas, oil, hydroelectric, wind, and biomass.
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