On Tuesday, FirstEnergy Corp. (NYSE:FE)’s shares inclined 1.00% to $31.19.
The FirstEnergy Foundation has donated $5,000 to the Greensburg (Pennsylvania) Community Development Corporation to assist with the renovation of a key building in the city’s shopping district.
The building, at 205 South Pennsylvania Avenue in downtown Greensburg, has been vacant for almost 15 years, but renovation work has begun to make it a suitable home for retail businesses and apartments.
FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities. The company also provides energy-related products and services to wholesale and retail customers.
Comcast Corporation (NASDAQ:CMCSK)’s shares gained 1.00% to $57.59.
Comcast Business declared that Hilton San Francisco Union Square hotel has upgraded its Comcast Business Ethernet services spanning its 1919 guest rooms and 130,000 square feet of meeting space, to provide a strong and reliable Internet experience for its guests. With the upgrade, Hilton San Francisco Union Square has moved from two Internet circuits of 500Mbps to two dedicated 1Gbps circuits, upgradable to 10Gbps.
Hilton San Francisco Union Square, the brand’s largest property in the Western U.S. and the largest hotel in San Francisco, hosts a variety of corporate clients counting leading organizations in the tech sector, making it imperative that its Internet offering is high-speed, reliable, flexible to scale and able to rapidly respond to the demands of its clientele in both its guest rooms and meeting spaces. It is equally important for the hotel to be able to provide the bandwidth to support guests’ social activities counting streaming video or other content to keep in touch with loved ones, while meeting industry standards to support up to 6,000 guests online at the same time.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Netoperates, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name. This segment also provides business services, such as cellular backhaul services to mobile network operators; Ethernet network services; and online advertising services.
At the end of Tuesday’s trade, TerraForm Power Inc (NASDAQ:TERP)‘s shares surged 3.22% to $20.51.
SunEdison, Inc. (SUNE), the world’s largest renewable energy development company, and West Street Infrastructure Partners III (“WSIP”) and associates, recently declared the formation of a new $1 billion warehouse investment vehicle, the WSIP Warehouse, to fund construction costs and to acquire operating assets. TerraForm Power, Inc. (TERP), a global owner and operator of clean energy power plants, will have an exclusive call right over the warehoused assets.
The WSIP Warehouse is a $1 billion investment vehicle with $300 million equity committed, subject to certain conditions, by WSIP, the infrastructure fund managed by Goldman Sachs. The debt structuring will be led by Morgan Stanley, Bank of America and Deutsche Bank and will provide commitments for $700 million of debt in the form of a $500 million, five-year term loan and a $200 million, four-year revolving credit facility. SunEdison has the option to expand the facility by up to $1 billion to a total of $2 billion, subject to certain conditions.
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.
Hanesbrands Inc. (NYSE:HBI), ended its Tuesday’s trading session with 0.61% gain, and closed at $29.93.
HanesBrands (HBI), a leading marketer of everyday basic apparel under world-class brands in the Americas, Europe and Asia, declared that it is reaffirming its 2015 financial guidance in conjunction with its planned investor meetings and investor conference webcast recently at the Goldman Sachs Global Retailing Conference in New York City.
Hanes reaffirmed all of its full-year 2015 guidance issued July 30, 2015, with second-quarter results. Comprised Of in its guidance are expectations for net sales of slightly less than $5.9 billion, adjusted operating profit of about $855 million to $875 million, adjusted earnings per diluted share of about $1.61 to $1.66, and net cash from operating activities of about $550 million.
Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparels for men, women, and children in the United States. The company operates through four segments: Innerwear, Activewear, Direct to Consumer, and International. It sells bras, panties, shapewears, hosiery, men’s underwear, childrens underwear, and socks; and other activewear, such as T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, in addition to licensed logo apparel in collegiate bookstores and other channels. The company licenses its Champion name for footwear and sports accessories.
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