On Monday, Shares of SunEdison, Inc. (NYSE:SUNE), gained 3.82% to $14.68.
SunEdison declared that it intends to file a prospectus supplement to a registration statement filed on Form S-3 with the U.S. Securities and Exchange Commission (“SEC”), regarding projected underwritten public offering of shares of perpetual convertible preferred stock, par value $0.01 per share (the “Perpetual Convertible Preferred Stock”). The Company will be offering 500,000 shares of its Perpetual Convertible Preferred Stock.
The Company intends to use the net proceeds from this offering for general corporate purposes, counting funding working capital and growth initiatives.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.
Shares of Southwest Airlines Co. (NYSE:LUV), inclined 2.77% to $40.38, during its last trading session.
Shares of the firm rose by 7.04% in the last 5 trading days and 16.37% for the last 4 weeks. Southwest Airlines Co. has dropped 3.82% during the last 3-month period. Year-to-Date the stock performance stands at -4.09%.
The mean estimate for the short-term price target for Southwest Airlines stands at $50.36 according to 11 Analysts. The higher price target estimate for the stock has been calculated at $64 while the lower price target estimate is at $39.
Southwest Airlines stated its July and year-to-date preliminary traffic statistics. The Company flew 11.5 billion revenue passenger miles (RPMs) in July 2015, an 8.2 percent enhance from the 10.6 billion RPMs flown in July 2014. Accessible seat miles (ASMs) raised 7.0 percent to 13.1 billion in July 2015, contrast with the July 2014 level of 12.3 billion. The July 2015 load factor was an all-time record 87.7 percent, contrast with 86.7 percent in July 2014. Based on these results and current trends, the Company estimates its third quarter 2015 operating revenue per ASM (RASM) will decrease about 1.0 percent, contrast with third quarter 2014.
For the first seven months of 2015, the Company flew 68.2 billion RPMs, contrast with 63.4 billion RPMs flown for the same period in 2014, an enhance of 7.6 percent. Year-to-date ASMs raised 6.6 percent to a level of 81.9 billion, contrast with the 76.8 billion for the same period in 2014. The year-to-date load factor was 83.3 percent, contrast with 82.5 percent for the same period in 2014.
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
Finally, DryShips, Inc. (NASDAQ:DRYS), ended its last trade with -1.56% loss, and closed at $0.37, hitting its lowest level.
DryShips declared the closing of the formerly revealed agreement with Ocean Rig to repay the remaining outstanding balance of $80 million borrowed by the Company under the Amended and Restated Exchangeable Promissory Note dated June 4, 2015 between the Company and Ocean Rig (the “Note”). Definitive documentation counting release letters has been executed, and the Company has transferred 17,777,778 shares of Ocean Rig formerly owned by Company to Ocean Rig as full payment of the outstanding balance under the Note. Following this transfer, the Company’s direct ownership in Ocean Rig is 40.4%.
DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments.
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