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Thursday 28 May 2015
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Stocks Ended below Secure Line: Gevo, (NASDAQ:GEVO), Canadian Solar (NASDAQ:CSIQ), Lowe’s Companies, (NYSE:LOW), Alaska Air Group, (NYSE:ALK)

On Wednesday, Gevo, Inc. (NASDAQ:GEVO)’s shares declined -5.29% to $3.22.

Gevo, Inc. (GEVO) declared that Dr. Patrick Gruber, Gevo’s Chief Executive Officer, will take part on a panel at the Cowen and Company 43rd Annual Technology, Media & Telecom Conference on Thursday, May 28, 2015 at 2:45 PM EDT. The conference is being held at The New York Palace Hotel in New York City.

Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. The company operates in two segments, Gevo, Inc.; and Gevo Development/Agri-Energy.

Canadian Solar Inc. (NASDAQ:CSIQ)’s shares dropped -4.72% to $33.31.

Canadian Solar Inc. (CSIQ) declared that Natixis, New York Branch/Norddeutsche Landesbank Gironzentrale, New York Branch/Cooperative Centrale Raiffeisen-Boerenleenbank B.A./”Rabobank Nederland,” New York Branch will provide the company with up to C$53.5 Million (USD$44.4 Million) in non-recourse, construction plus term financing. The loan facility will finance the 10 MW utility-scale solar power project, “Illumination,” located in the town of Scugog, Ontario, which is being attained by DIF Infra 3 RE Canada Limited.

Developed by Canadian Solar, the solar power plant is predictable to be in commercial operation by the fourth quarter of 2015. The project has been awarded a 20-year power purchase contract (“FIT”) by the Ontario Power Authority under Ontario’s Feed-In-Tariff program.

Canadian Solar Inc., together with its auxiliaries, designs, develops, manufactures, and sells solar wafers, cells, and solar power products worldwide. The company operates in two segments, Module and Energy. Its products comprise various solar modules that are used in residential, commercial, and industrial solar power generation systems.

At the end of Wednesday’s trade, Lowe’s Companies, Inc. (NYSE:LOW)‘s shares dipped -4.64% to $68.50.

Lowe’s Companies, Inc. (LOW) stated net earnings of $673 million for the quarter ended May 1, 2015, a 7.8 percent enhance over the same period a year ago. Diluted earnings per share raised 14.8 percent to $0.70 from $0.61 in the first quarter of 2014.

Sales for the first quarter raised 5.4 percent to $14.1 billion from $13.4 billion in the first quarter of 2014, and comparable sales for the quarter raised 5.2 percent. Comparable sales for the U.S. home improvement business raised 5.3 percent.

Delivering on its commitment to return excess cash to shareholders, the company repurchased $1.0 billion of stock under its share repurchase program and paid $222 million in dividends in the first quarter.

Lowe’s Companies, Inc. operates as a home improvement retailer. The company offers products for maintenance, repair, remodeling, and home decorating. It provides home improvement products under the categories of kitchens and appliances; lumber and building materials; tools and hardware; fashion fixtures; rough plumbing and electrical; lawn and garden; seasonal living; paint; home fashions; storage and cleaning; flooring; millwork; and outdoor power equipment.

Alaska Air Group, Inc. (NYSE:ALK), ended its Wednesday’s trading session with -4.52% loss, and closed at $63.96.

Alaska Air Group, Inc. (ALK) has reduced its mainline flying emissions intensity by one-third over the last 10 years through fleet advancements and flight technology. These advances have avoided burning 531 million gallons of fuel since 2004 — the equivalent of taking one million cars off the road for a year.

Additionally, Air Group stated record financial results, enabling it to invest in local communities and strengthen the long-term future of its workforce.

Alaska Air Group, Inc., through its auxiliaries, provides passengers and cargo air transportation services primarily in the United States. The company operates through Alaska Mainline and Alaska Regional segments. It serves about 100 cities in Alaska, the Lower 48, Hawaii, Canada, and Mexico.

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