On Friday, Shares of General Electric Company (NYSE:GE), lost -1.30% to $27.27.
General Electric Company, declared it will supply President Container Group (PCG), a manufacturer of corrugated shipping containers and point-of-purchase displays, with a new 2 MW ground-mounted solar installation outside its factory in Middletown, NY. The GE solar solution is predictable to provide about 25 percent of PCG’s future energy needs.
The facility will become the first industrial scale solar project in Orange County and is fully qualified under NYSERDA’s NY-Sun Incentive Program, which assists reduce the costs of installing solar electric systems across New York State.
As part of the agreement, GE is providing PCG a solar solution compriseing of equipment, site engineering, construction and installation, commissioning, spare parts, and operations and maintenance support for seven years. The GE team also supported President Container Group during its application process with NYSERDA, through local zoning and permitting approvals with the town of Wallkill, NY, and throughout the utility interconnection and groundwater studies.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Financial stocks were mostly lower, with the NYSE Financial Sector Index falling 0.6% and the S&P Financial 100 Index dropping about 0.6%.
However, Shares of Annaly Capital Management, Inc. (NYSE:NLY), inclined 1.06% to $10.44, during its last trading session. The company exchanged hands with 37,282,672 shares as compared to its average daily volume of 8,403,370 shares. The company has the market capitalization of 9.89B.
Annaly Capital Management, Inc. owns a portfolio of real estate related investments in the United States. The company invests in various types of agency mortgage-backed securities and related derivatives to hedge these investments; acquires, finances, and manages commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities, and other commercial real estate-related assets; and operates as a broker-dealer.
At the end of Friday’s trade, Shares of Rayonier Inc. (NYSE:RYN), lost -1.11% to $25.82.
Rayonier, declared that David Nunes, President and CEO, will present at the National Association of Real Estate Investment Trusts (NAREIT) 2015 REITWeek Investor Forum in New York, NY, on Tuesday, June 9 at 3:00 p.m. Eastern time.
Rayonier, Inc. engages in the sale and development of real estate and timberland administration, in addition to in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. The company operates in four segments: Timber, Real Estate, Performance Fibers, and Wood Products.
Oil futures rallied Friday, as a weekly decline in U.S. oil inventories, a drop in the number of active drilling rigs and data showing strong demand for gasoline assisted prices for the U.S. benchmark log a second month of gains in a row.
Traders were also considering the potential outcome of the Organization of the Petroleum Exporting Countries meeting on June 5.
Based on the front-month contracts, the U.S. oil benchmark saw a weekly gain of about 1% and monthly climb of 1.1%.
From Basic Material Sector, Encana Corporation (NYSE:ECA), ended its last trade with 0.88% surge, and closed at $12.66. The company exchanged hands with 5,473,717 shares as compared to its average daily volume of 8,122,770 shares. The company has the market capitalization of 10.65B.
Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.
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