On Tuesday, Yingli Green Energy Hold. Co. Ltd. (ADR)(NYSE:YGE)’s shares inclined 6.24% to $0.990.
Yingli Green Energy Holding Company Limited (YGE), one of the world’s leading solar panel manufacturers, recently declared that it has sold an 18.8 megawatt (MW) solar power plant in Essex, United Kingdom, to NextEnergy Solar Fund, a specialist investment company listed on the London Stock Exchange and a leading owner of operating solar power plants in the UK.
The solar power plant is located on the former Boxted Airfield in the north of Colchester and covers more than 50 acres of land. It was accomplished and connected to the grid in March 2015, and is predictable to produce enough energy to power nearly 5,700 average UK households each year.
Yingli Green Energy Holding Company Limited, together with its auxiliaries, designs, develops, markets, manufactures, sells, and installs photovoltaic (PV) products in the Peoples Republic of China and internationally.
Flotek Industries Inc(NYSE:FTK)’s shares dropped -0.67% to $17.71.
Flotek Industries, Inc. (FTK) declared results for the three months ended June 30, 2015.
As stated on Form 10-Q filed with the U.S. Securities and Exchange Commission, Flotek stated that revenue for the three months ended June 30, 2015, was $87.0 million contrast to $105.3 million for the three months ended June 30, 2014 and $82.4 million for the first quarter of 2015. Second quarter, 2015 revenue raised 5.6% sequentially but reduced 17.4% when contrast to the same period in 2014. The decrease in year-over-year revenue was driven by the steep decline in oilfield activity; however, the enhance in sequential revenue was driven almost entirely by raised sales of Flotek’s Complex nano-Fluid® completion chemistries as the Company’s marketing campaign and new direct distribution model offered noteworthy revenue opportunities during the quarter.
For the three months ended June 30, 2015, the Company stated net income (not taking into account non-cash charges) of $1.1 million, or $0.02 per common share (fully diluted), contrast to net income of $11.0 million, or $0.20 per common share (fully diluted) for the same period in 2014 and a net loss of $1.5 million or $0.03 per common share (fully diluted) in the first quarter of this year.
Flotek Industries, Inc. develops and supplies oilfield products, services, and equipment to the oil, gas, and mining industries in the United States and internationally. Its Energy Chemical Technologies segment designs, develops, manufactures, packages, and markets specialty chemicals used in oil and gas well drilling, cementing, completion, stimulation, and production. This segment also constructs and manages automated material handling facilities; and manages loading facilities and blending operations for oilfield services companies.
At the end of Tuesday’s trade, Credit Suisse Group AG (ADR)(NYSE:CS)‘s shares surged 0.14% to $28.22.
Commodities were lower in July, driven by macroeconomic factors and supply fundamentals, according to Credit Suisse Asset Administration.
The Bloomberg Commodity Index Total Return performance was negative for the month, with 21 out of 22 Index constituents trading lower.
Credit Suisse Asset Administration observed the following:
- Energy was the worst performing sector, down 14.47%, led lower by WTI Crude Oil. In addition to continued raised OPEC production, towards the end of the month there was also a slight rise in U.S. rig counts.
- Agriculture reduced 11.11%, led lower by Kansas City Wheat and Chicago Wheat as limited rainfall in the U.S. Midwest supported harvest progress. Sugar also weighed on the sector as recent rainfall in Thailand contradicted expectations that El Nino would limit sugar crop growth.
- Industrial Metals declined 7.30%, led lower by Copper as concerns that the recent volatile decline in the Chinese equity market may further dampen economic growth, decreasing demand expectations for the sector.
Credit Suisse Group AG, together with its auxiliaries, provides various financial services to private, corporate, institutional, government clients, and high-net-worth individuals, in addition to affluent and retail clients worldwide. The company operates through two segments, Private Banking & Wealth Administration and Investment Banking.
Endeavour Silver Corp(NYSE:EXK), ended its Tuesday’s trading session with -6.52% loss, and closed at $1.72.
Endeavour Silver Corp.(EXK) posted steady silver production results in the Second Quarter, 2015 from the Company’s three operating silver mines in Mexico: the Guanaceví mine in Durango State and the Bolañitos and El Cubo mines in Guanajuato State.
Silver production in the Second Quarter, 2015 was on plan for the year at 1,769,741 ounces (oz) and gold production was 13,047 oz, slightly below plan. Silver equivalent production was also on plan at 2.7 million oz using a 70:1 silver gold ratio.
Production Highlights for Second Quarter, 2015 (Contrast to Second Quarter, 2014)
- Silver production raised 6% to 1,769,741 oz.
- Gold production reduced 14% to 13,047 oz.
- Silver equivalent production reduced 2% to 2.7 million oz (at a 70:1 silver: gold ratio).
- Silver oz sold up 8% to 1,912,595 oz.
- Gold oz sold down 6% to 13,797 oz.
Endeavour Silver Corp., a Canadian mineral company, engages in the evaluation, acquisition, exploration, development, and exploitation of precious metal properties in Mexico and Chile. It produces silver-gold from its underground mines. The company primarily holds interests in the Guanacevi mine in the Durango state; and the Bolañitos and El Cubo mines in the Guanajuato state of Mexico. It also has interests in various exploration properties in Mexico and Chile, counting Guadalupe Y Calvo and La Bufa exploration projects in Chihuahua, Mexico; and the San Sebastian project located in Jalisco, Mexico, in addition to options to acquire a 51% interest in the Panuco exploration property located in Durango, Mexico; and purchase a 75% interest in the El Inca properties located in Chile.
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