On Friday, Public Service Enterprise Group Inc. (NYSE:PEG)’s shares inclined 2.02% to $42.44.
Further supporting its commitment to science, technology, engineering and math (STEM) education, the PSEG Foundation has granted Stevens Institute of Technology $250,000 towards the completion of the University’s Solar Decathlon entry, SURE HOUSE.
The SURE (SUstainable and REsilient) HOUSE is Stevens’ entry into the U.S. Department of Energy’s Solar Decathlon competition and represents the schools’ vision of a sustainable and resilient home for the areas at greatest risk during extreme weather. The student-built, net-zero, solar-powered home is presently being built in Hoboken, New Jersey and will soon be shipped to Irvine, California for entry into the competition.
PSEG’s partnership with Stevens Institute of Technology is aligned with the company’s corporate citizenship preceding ties which comprise collaborating with organizations that promote environmental stewardship and sustainability initiatives and improving learning and educational opportunities in areas of STEM. Funds from the PSEG Foundation grant are being used in part to fund the SURE HOUSE construction in addition to entry into the Solar Decathlon.
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts. It sells electricity, natural gas, emissions credits, and a series of energy-related products that are used to optimize the operation of the energy grid.
Mosaic Co(NYSE:MOS)’s shares dropped -0.54% to $44.40.
The Mosaic Company (MOS) stated second quarter 2015 net earnings of $391 million, contrast to $248 million in the second quarter of 2014. Earnings per diluted share were $1.08 in the quarter contrast to $0.64 last year. Notable items positively influenced current quarter earnings per share by $0.03. Mosaic’s net sales in the second quarter were $2.5 billion, up from $2.4 billion in sales last year. Operating earnings during the quarter were $510 million, up from $403 million a year ago. The year-over-year change was driven by higher phosphates operating earnings primarily as a result of higher sales volumes, and higher potash operating earnings as a result of higher realized prices and benefits from lower operating costs, partially offset by higher Canadian resource taxes.
The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash. The Phosphates segment owns and operates mines in Florida. It offers concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products. This segment also offers phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names.
At the end of Friday’s trade, RR Donnelley & Sons C o(NASDAQ:RRD)‘s shares dipped -2.06% to $16.66.
RR Donnelley & Sons Company (RRD) recently declared that it intends to create three independent, publicly traded companies: one business focused on financial communications and data services; one business focused on publishing and retail-centric print services; and one business focused on customized multichannel communications administration.
Planned Benefits
- Each business to focus on its distinct planned preceding ties, driving opportunities to accelerate growth and enhance long-term value.
- Greater flexibility to execute tailored business strategies and compete in evolving markets.
- Even more focused brand strategy to support each business’s marketing plan.
R.R. Donnelley & Sons Company provides integrated communications solutions to private and public sector clients in the United States and internationally. The company operates through Publishing and Retail Services, Variable Print, Planned Services, and International segments. Its product and service offerings comprise magazines, catalogs, retail inserts, books, directories, and packaging products; commercial and digital print, direct mail, office products, labels, statement printing, and forms; and logistics services, financial print products and related services, print administration products, and digital and creative solutions.
First Solar, Inc. (NASDAQ:FSLR), ended its Friday’s trading session with 1.72% gain, and closed at $52.08.
First Solar, Inc. ( FSLR) declared financial results for the second quarter of 2015. Net sales were $896 million in the quarter, an enhance of $427 million from the first quarter of 2015. The enhance in net sales from the preceding quarter resulted from raised revenue recognition on the Silver State South project and the sale of majority interests in the North Star and Lost Hills-Blackwell projects.
The Company stated second quarter GAAP earnings per fully diluted share of $0.93, contrast to a loss of ($0.62) in the preceding quarter. The sequential enhance in net income was due to higher systems project revenue, project cost improvements and a discrete tax benefit in the second quarter of about $42 million.
Cash and marketable securities at the end of the second quarter were about $1.8 billion, an enhance of about $291 million contrast to the preceding quarter. The enhance in cash and marketable securities during the quarter was due to receipts from the sale of majority interests in the North Star and Lost Hills-Blackwell projects in addition to proceeds received in conjunction with the 8point3 Energy Partners IPO.
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, in addition to owners and operators of photovoltaic (PV) solar power systems.
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