On Friday, AFLAC Incorporated (NYSE:AFL)’s shares inclined 0.93% to $64.77.
Aflac Incorporated’s board of directors has authorized the purchase of up to 40 million shares of its common stock. This authorization is in addition to the 16.0 million shares that remained under a previous authorization as of June 30, 2015, bringing the total number of shares accessible for purchase to about 56.0 million. The company anticipates that the repurchase of shares will be conducted from time to time in open market or negotiated transactions, depending on market conditions.
Aflac Incorporated, through its partner, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers various voluntary supplemental insurance products, counting cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
Diamondback Energy Inc (NASDAQ:FANG)’s shares gained 3.11% to $73.90.
Energy, Inc. (FANG) declared the pricing of an underwritten public offering of 2,500,000 shares of its common stock. The 2,500,000 share offering represents a 500,000 share upsize to the originally projected 2,000,000 share offering. The underwriter intends to offer the shares from time to time for sale in one or more transactions on the NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The total gross proceeds of the offering (before underwriter discounts and commissions and estimated offering expenses) will be about $175.6 million. The underwriter has a 30-day option to purchase up to an additional 375,000 shares of common stock from Diamondback.
Diamondback intends to use the net proceeds from this offering to repay a portion of the outstanding borrowings under its revolving credit facility.
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations.
At the end of Friday’s trade, TerraForm Power Inc (NASDAQ:TERP)‘s shares dipped -1.77% to $25.50.
TerraForm Power, Inc. (TERP), a global owner and operator of clean energy power plants has attained the solar project from SunEdison.
Governor Charlie Baker and leaders from Bristol Community College (BCC) and its partners recently unveiled New England’s largest solar parking canopy to date, a 3.2 megawatt solar array covering 800-parking spaces on five acres of the College’s Fall River Campus.
Built in partnership with the nonprofit energy-buying consortium PowerOptions and its solar partner SunEdison, Inc. (SUNE), the solar array will generate more than 34 million kilowatt hours of energy each year, enough to cover half of the campus’ electricity needs and generate a 20-year savings of more than $1.75 million. The solar parking canopy avoids the emission of more than 1,500 tons of carbon dioxide each year, which is the same as removing about 5,000 cars from the road.
The solar canopy will supply power for the entire Fall River Campus, and is slated to be a major part of the Zero Net Energy plans for the John J. Sbrega Health and Science Building which is presently under construction. The building will house health sciences programs and life sciences laboratory learning spaces, which are notoriously huge energy consumers. The solar canopy, coupled with design choices for passive solar in the building itself and installation of geothermal wells, will assist the college achieve this Zero Net Energy aim for the building.
TerraForm Power, Inc. owns and operates solar and wind generation assets serving utility, commercial, and residential customers. As of February 20, 2015, its portfolio compriseed of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with an aggregate nameplate capacity of 1,507.3 megawatt. The company was formerly known as SunEdison Yieldco, Inc. and changed its name to TerraForm Power, Inc. in May 2014. The company was founded in 2014 and is based in Bethesda, Maryland. TerraForm Power, Inc. is a partner of SunEdison, Inc.
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