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Thursday 23 April 2015
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Losers To Watch: Builders FirstSource, Inc (NASDAQ:BLDR), Rite Aid Corporation (NYSE:RAD), Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE)

On Monday, Builders FirstSource, Inc (NASDAQ:BLDR)’s shares declined -1.08% to $12.85.

On April 14, Builders FirstSource, Inc will hold a conference call and webcast on Friday, April 24th, to talk about the company’s first quarter 2015 financial results and other business matters. The teleconference will start at 10:00 a.m. Central Time and will be hosted by Floyd Sherman, Chief Executive Officer, and Chad Crow, President, Chief Operating Officer and Chief Financial Officer. A copy of the company’s press release announcing its financial results and other statistical information about the period is predictable to be made accessible after the market closes on Thursday, April 23rd, in the Investors section of the Builders FirstSource, Inc. website, at www.bldr.com.

Builders FirstSource, Inc. manufactures and supplies structural and related building products for residential new construction primarily in the southern and eastern United States. The company offers prefabricated components, counting floor trusses, roof trusses, wall panels, stairs, and engineered wood; and window and door products, such as aluminum and vinyl windows, and pre-hung interior and exterior doors, in addition to assembles and distributes interior and exterior door units.

Rite Aid Corporation (NYSE:RAD)’s shares dropped -1.00% to $7.92, during the last trading session on Monday.

Yesterday, Rite Aid Corporation (RAD), declared that Steve Rempel, a highly practiced information technology executive, has been named Rite Aid’s senior vice president and chief information officer.

In this position, Rempel will have responsibility for all aspects of the company’s technology and information operations, counting computer systems, network infrastructure, telecommunications and data security as well as the continued development and execution of Rite Aid’s immediate and long-term information technology strategy. Rempel will report to Frank Vitrano, Rite Aid’s senior executive vice president and chief administrative officer.

“Steve is an information technology expert with a proven track record in creating, driving and delivering value and results through innovative technology solutions,” said Vitrano. “His vast retail experience will be extremely valuable to Rite Aid as we continue to develop our technology and services platforms and strategies to further strengthen our business operations and enhance the experiences of our valued customers and associates.”

Before joining Rite Aid, Rempel served as chief information officer, president and CEO for Lenexa, Kan.,-based Balance Innovations, the leading provider of reconciliation and cash administration solutions for the retail industry. During his tenure at Balance Innovations, he had oversight for the company’s technology strategy and offered planned, financial and operational direction.

Rempel earned a bachelor’s degree in business administration from the University of the Fraser Valley in British Columbia and will receive his M.B.A. from Auburn University this spring.

Rite Aid Corporation, through its auxiliaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, counting over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products.

At the end of Monday’s trade, Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE)‘s shares dipped -0.99% to $2.00.

Yesterday, Yingli Green Energy Hold. Co. Ltd. (ADR) (YGE), declared that it has obtained an RMB300 million (USD48 million) financing facility for a 50 megawatt (MW) PV power plant in China. The 10-year direct financing lease for the project’s development and construction was offered by CGN International Finance Leasing, a wholly-owned partner of China General Nuclear Power Group (CGN).

Located in Handan City, Hebei Province, the 50 MW PV power plant is predictable to generate about 54 million kilowatt-hours of solar electricity annually, offsetting over 50,000 tons of carbon emissions. Construction and interconnection of the project are predictable to be accomplished by the end of May 2015.

Yingli Green Energy Holding Company Limited, together with its auxiliaries, designs, develops, manufacture, markets, sells, and installs photovoltaic products in the People’s Republic of China. It offers PV cells, PV modules, and integrated PV systems; and polysilicon ingots and blocks, and polysilicon wafers, in addition to develops and operates solar projects.

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