On Tuesday, Following U.S. Stocks were among the “Top Losers”:Walter Energy, Inc. (NYSE:WLT), Conns Inc. (NASDAQ:CONN), Enphase Energy, Inc. (NASDAQ:ENPH), Ruckus Wireless, Inc. (NYSE:RKUS)
- Walter Energy, Inc. (NYSE:WLT) with shares dwindled -8.24%, closed at $0.78.
- Conns Inc. (NASDAQ:CONN), with shares declined -7.85%, settled at $23.96.
- Enphase Energy, Inc. (NASDAQ:ENPH), with shares dipped -7.62%, and closed at $13.10.
- Ruckus Wireless, Inc. (NYSE:RKUS), dropped -7.57%, and closed at $11.73.
Latest NEWS regarding these Stocks are depicted underneath:
Walter Energy, Inc. (NYSE:WLT)
Formerly on March 5, Walter Energy, Inc. (WLT), a leading, publicly traded “pure-play” producer of metallurgical coal for the global steel industry, declared that the Corporation has been notified by the New York Stock Exchange that its ordinary stock does not presently satisfy one of the NYSE’s continued listing standards. The NYSE requires that the average closing price per share of a listed corporation’s ordinary stock be at least $1.00 over a successive 30 trading-day period. As of March 3, 2015, the average closing price per share of the Corporation’s ordinary stock over the preceding 30 trading-day period was $0.99.
Under the NYSE’s rules, the Corporation has six months to regain compliance with the NYSE’s continued listing standards. The Corporation’s ordinary stock will continue to be listed and traded on the NYSE during this period, subject to the Corporation’s compliance with other continued listing standards. As required by the NYSE’s rules, the Corporation plans to notify the NYSE within 10 business days of the receipt of the notice of non-compliance of its intent to cure the deficiency.
The deficiency does not affect the Corporation’s business operations or its Securities and Exchange Commission reporting requirements, and it does not violate any of the Corporation’s credit contracts or other debt obligations.
Walter Energy is a leading, publicly traded “pure-play” metallurgical coal producer for the global steel industry with planned access to steel producers in Europe, Asia and South America. The Corporation also produces thermal coal, anthracite, metallurgical coke and coal bed methane gas. Walter Energy employs about 2,700 employees, with operations in the United States, Canada and the United Kingdom.
Conns Inc. (NASDAQ:CONN)
Conns Inc. (CONN), a specialty retailer of home appliances, furniture, mattresses, consumer electronics and provider of consumer credit, declared it will host a conference call on March 31, 2015 to talk about its fourth-quarter and full year fiscal 2015 financial results. The conference call will start at 10:00 A.M. CT (11:00 A.M. ET). A press release regarding the operating results will be released the same day before the market opens.
Conn’s, Inc. is a holding corporation which through its retail stores, provides products and services to its customer base in Texas, Arizona, Louisiana, Oklahoma and New Mexico. The Corporation offers products and services, counting home appliances, furniture and mattresses, consumer electronics, home office equipment, lawn and garden products, repair service contracts, installment credit programs and various credit insurance products through retail sales outlets.
Enphase Energy, Inc. (NASDAQ:ENPH)
Enphase Energy, Inc. (ENPH), declared the planned expansion of its global engineering facility in Christchurch, New Zealand to support the design, development and testing of its microinverters.
The Christchurch engineering location will integrate its existing office and engineering facilities, expanding the corporation’s headcount in New Zealand and contributing to its global growth. Located in Middleton, the new facility will be Enphase’s second largest office outside the corporation’s headquarters in California, United States.
Enphase plans to expand its New Zealand engineering workforce by 35 percent by the fourth quarter 2016 and anticipates to draw on its relationship with the University of Canterbury in order to recruit employees. The University of Canterbury’s graduate placement initiative is aided by a New Zealand government-funded program and administered by Callaghan Innovation. Furthermore, Enphase has been able to employ the talent of 18 former Eaton engineers, hired in the wake of that corporation’s 2012 departure from the New Zealand market. These 18 engineers became the core of Enphase’s new facility in Christchurch.
New Zealand is a growing market for Enphase as it has traditionally relied heavily on hydro to power its energy requirements. The New Zealand Green Party has outlined its vision to deliver solar to 30,000 homes in three years through a projected 30,000 Solar Homes policy. A report by Sustainable Electricity Association New Zealand states that solar installations raised by over 335 percent from 2011 to 2014, to a total installed capacity of around 10mW.
Some of Enphase’s commercial customers in New Zealand comprise The Auckland War Memorial with a 50kW system and The Mussel Pot with a 10kW system, installed by What Power Crisis and SunPower Solar, respectively.
Enphase recently received the 2014 Global Frost & Sullivan Award in recognition of the corporation’s Technology Leadership. It cited Enphase as having made considerable progress toward achieving the corporation’s vision of providing clean, reliable and affordable solar energy to both the mainstream commercial and residential sectors through its innovative microinverters.
Enphase Energy, Inc. (Enphase) designs, develops and sells microinverter systems for the solar photovoltaic industry. The Corporation’s microinverter system comprises of an Enphase microinverter and related accessories that convert direct current (DC) power to grid-compliant alternating current (AC) power; an Envoy communications gateway device that collects and transmits performance information from each solar module to the Corporation’s hosted data center, and the Enlighten web-based software platform that collects and processes this information to enable customers to monitor and manage their solar power systems.
Ruckus Wireless, Inc. (NYSE:RKUS)
Ruckus Wireless, Inc. (RKUS), declared the launch of the new Ruckus ZoneFlex™ H500 2×2:2 dual-band (2.4 and 5 GHz) 802.11ac indoor wall switch access point (AP), the industry’s first wired and wireless wall switch that uses Ruckus patented BeamFlex™+ adaptive antenna technology to deliver high-speed 802.11ac Wi-Fi in an ultra-sleek, low-profile design that can be quickly and discretely installed in a standard wall junction box. Ideal for offering converged services in hotel guest rooms, student residences, and multiple dwelling units (MDUs), the ZoneFlex H500 provides an easy way to offer multiple connections into a single room without multiple cables.
Equipped with four Ethernet ports for in-room access, the Ruckus ZoneFlex H500 can be used to connect a range of wired network devices such as IPTV set top boxes, VoIP telephones, or networked minibars. An IEEE 802.3af-compliant Power-over-Ethernet (PoE) port on the ZoneFlex H500 allows devices such as IP telephones to be powered directly from the wall switch, and the ZoneFlex H500 itself may be powered via PoE or DC power adapter. The ZoneFlex H500 requires just a single POE cable drop, reducing cabling, switch ports and power sourcing equipment, and it easily mounts to worldwide standard electrical outlet boxes (single-gang wall-plate width, 3.5 x 6.3 x 1.2 inches).
“These new wall switches from Ruckus are perfect,” said Miller. “They don’t require any recabling, and are very cost-effective. We have Ethernet installed in every room, but have found the H500’s performance to be so exceptional that we didn’t need to install one in every single room, which is saving us time, money, and effort.”
Accessible this month throughout North America and most parts of Europe (ETSI), and in Q2 2015 in China, APAC, and other parts of the world, the new Ruckus ZoneFlex H500 Wi-Fi 802.11ac indoor wall switch has an MSRP of $365 (USD), and is accessible through authorized Ruckus Big Dog resellers worldwide.
Headquartered in Sunnyvale, CA, Ruckus Wireless, Inc. (RKUS) is a global supplier of advanced wireless systems for the rapidly expanding mobile Internet infrastructure market. The corporation offers a wide range of indoor and outdoor “Smart Wi-Fi” products to mobile carriers, broadband service providers, and corporate enterprises, and has over 48,000 end-customers worldwide.
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