On Friday, Shares of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), lost 9.03% to $0.992.
Yingli Green Energy Hold., declared that it is supplying 240 megawatts (MW) of solar panels for Latin America’s two largest hybrid solar photovoltaic (PV) and concentrated solar power (CSP) power plants. Both projects, located in northern Chile, will also be equipped with 110 MW of CSP and 17.5 hours of thermal storage each.
As the power plants’ sole PV supplier, Yingli is providing over 780,000 multi-crystalline utility-scale YGE 72 Cell solar panels to the projects, which be installed in two phases. The first phase of panel deliveries was recently accomplished, and the second phase will start in August. The first power plant is predictable to be operational by mid-2016.
Yingli Green Energy Holding Company Limited, together with its auxiliaries, designs, develops, markets, manufactures, sells, and installs photovoltaic (PV) products in the People’s Republic of China and internationally.
Shares of Ambarella Inc (NASDAQ:AMBA), inclined 2.96% to $99.61, during its last trading session.
Ambarella Inc, declared the acquisition of VisLab S.r.l., a privately held Italian company based in Parma, Italy for $30 million in cash. VisLab, the Vision and Intelligent Systems Laboratory at the University of Parma, is a pioneer in perception systems and autonomous vehicle research and was founded by Professor Alberto Broggi. The company has developed computer vision and intelligent control systems for automotive and other commercial applications, counting Advanced Driver Assistance Systems and several generations of autonomous vehicle driving systems. These comprise “Porter,” an autonomous vehicle that made a 13,000 km autonomous trip from Italy to China in 2010.
“Computer vision is an area of noteworthy focus for Ambarella, and will be critical to our current video markets, in addition to future markets such as automotive OEM cameras,” said Fermi Wang, CEO of Ambarella. “We are delighted to welcome Dr. Broggi and the VisLab team to Ambarella to jointly define, develop and deploy future generations of computer vision solutions.”
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company’s system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
At the end of Friday’s trade, Shares of CIGNA Corporation (NYSE:CI), gained 0.45% to $157.26.
Cigna, launched a collaborative care initiative that aims to improve patient access to health care, enhance care coordination, and achieve the aim of improved health, affordability and patient experience.
Cigna Collaborative Care is the company’s approach to accomplishing the same population health aims as accountable care organizations, or ACOs. The program with Providence Swedish Health Alliance will benefit more than 7,100 individuals covered by a Cigna health plan who receive care from more than 1500 ACO providers.
Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally. The company’s Commercial segment offers insured and self-insured customers medical, dental, behavioral health, and vision, in addition to prescription drug benefit plans, health advocacy programs, and other products and services.
Finally, Discover Financial Services (NYSE:DFS), ended its last trade with 1.11% gain, and close at $57.38.
Discover Financial Services, planned to report its second quarter 2015 results after the market closes on Wednesday, July 22, 2015.
Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services.
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