On Friday, First Solar, Inc. (NASDAQ:FSLR)’s shares inclined 0.10% to $50.48.
First Solar, Inc. ( FSLR) and SunPower Corporation (NASDAQ: SPWR) were trading higher on Wednesday after the companies released details of a limited partnership to own and operate a portfolio of selected solar energy generation assets.
The companies declared that it has commenced an initial public offering of Class A shares for their partnership, named 8point3 Energy Partners.
According to a press release, 8point3 Energy Partners is classified as a “growth-oriented limited partnership” between the two companies whose objective is to “generate predictable cash distributions that grow at a sustainable rate.” The entity intends to do business with commercial, industrial and residential customers in the United States and other select markets, primarily within the countries that comprise the Organization for Economic Co-operation and Development.
First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity. This segment manufactures cadmium telluride and crystalline silicon modules for project developers and system integrators, as well as owners and operators of photovoltaic (PV) solar power systems.
Cameco Corporation (USA) (NYSE:CCJ)’s shares gained 1.14% to $15.51.
Cameco Corporation (USA) (CCJ) declared that about 100 unionized employees at Cameco Fuel Manufacturing Inc.’s operations in Port Hope and Cobourg, Ontario have voted to accept a new collective agreement.
The employees, represented by the United Steelworkers local 14193, have agreed to a three-year contract that comprises a seven percent wage enhance over the term of the agreement. The previous contract expired on June 1, 2015.
Cameco Corporation produces and sells uranium worldwide. The company operates through Uranium, Fuel Services, and NUKEM segments. The Uranium segment is involved in the exploration for, mining, and milling of uranium concentrates.
At the end of Friday’s trade, Navistar International Corp (NYSE:NAV)‘s shares dipped -0.83% to $25.18.
Navistar International Corp (NAV) declared a second quarter 2015 net loss of $64 million, or $0.78 per diluted share, contrast to a second quarter 2014 net loss of $297 million, or $3.65 per diluted share. Revenues in the quarter were $2.7 billion. Chargeouts in the company’s core markets (Class 6-8 trucks and buses in the United States and Canada) were up 38 percent over last quarter.
Second quarter 2015 EBITDA was $85 million as compared to an EBITDA loss of $119 million in the same period one year ago. The $204 million year-over-year improvement was driven by an enhance in truck segment sales, favorable product mix and the continuation of lower warranty expense and cost reductions. Prior year results comprised of $149 million in asset impairment charges related to the company’s South American engine operations.
Second quarter 2015 adjusted EBITDA was $102 million contrast to $82 million in the second quarter of 2014. The second quarter comprised of one-time net charges of $17 million, contrast to one-time charges of $201 million in the second quarter of 2014.
The company was cash flow positive in the second quarter 2015 and finished the quarter with $784 million in manufacturing cash, cash equivalents and marketable securities.
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, and school and commercial buses; and provides service parts for trucks and diesel engines worldwide. It operates through four segments: North America Truck, North America Parts, Global Operations, and Financial Services.
Rex Energy Corporation (NASDAQ:REXX), ended its Friday’s trading session with -0.83% loss, and closed at $4.64.
Rex Energy Corporation (REXX) declared initial production test results from the company’s first two wells in the Moraine East Area, the Renick 2H (Marcellus) and the Renick 3H (Upper Devonian Burkett).
As formerly declared, the company finished completion operations on the four-well Renick pad, comprising of three Marcellus wells and one Upper Devonian Burkett well. The Renick 2H was drilled to a lateral length of about 6,000 feet and accomplished in 40 stages with sand concentrations of 2,300 pounds per foot. The Renick 2H produced at a 24-hour test rate, assuming full ethane recovery, of about 6.6 MMcfe/d, comprising of 3.0 MMcf/d of natural gas, 566 bbls/d of NGLs and 47 bbls/d of condensate. At the time the Renick 2H was shut in, the well was still cleaning up and ongoing to experience an enhance in the production rate. Based on composition analysis, the gas being produced is about 1,309 BTU.
Rex Energy Corporation operates as an independent oil, natural gas liquid, and natural gas company in the Appalachian and Illinois basins in the United States. The company focuses on the Marcellus Shale, Utica Shale, and Burkett Shale drilling and exploration activities in the Appalachian Basin, in addition to on developmental oil drilling and the implementation of improved oil recovery on its properties in the Illinois Basins.
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