On Friday, Shares of Calpine Corporation (NYSE:CPN), gained 4.57% to $18.30.
Calpine Corporation and Champion Energy Marketing declared that they have reached a contract for Calpine to purchase Champion, one of the nation’s leading retail electric providers, for $240 million, subject to working capital adjustments. Based in Houston, Champion is predictable to serve about 22 TWh of residential, commercial, and industrial customer load in 2015, concentrated in Texas and the Northeast U.S. where Calpine has a substantial power generation presence.
“This highly accretive transaction is an extension of our deliberate efforts over the past several years to be closer to our end-use customers,” said Calpine’s President and Chief Executive Officer Thad Hill. “Champion’s presence in Texas and the Northeast makes it the ideal retail complement to our wholesale generation portfolio. Having built a brand known for its award-winning customer service, the Champion team is a welcome addition to the Calpine family.”
Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines.
Shares of American Express Company (NYSE:AXP), declined -0.08% to $76.06, during its last trading session.
American Express Company stated second-quarter net income of $1.47 billion, down from $1.53 billion a year ago. Diluted earnings per share reduced 1 percent to $1.42, from $1.43 a year ago.
Results for the quarter were negatively affected by the noteworthy impact of a stronger U.S. dollar on international operations. The year-ago quarter comprised of business travel operations and a gain related to the business travel joint venture transaction.
American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide.
Finally, Wabash National Corporation (NYSE:WNC), ended its last trade with 0.29% gain, and closed at $13.74.
Wabash National Corporation, stated results for the second quarter ended June 30, 2015.
Net income for the second quarter of 2015 was $28.6 million, or $0.41 per diluted share, contrast to second quarter 2014 net income of $16.2 million, or $0.23 per diluted share. Second quarter 2015 non-GAAP adjusted earnings raised $6.7 million to $23.6 million, or $0.33 per diluted share, from $16.9 million, or $0.24 per diluted share, for the second quarter 2014. Non-GAAP adjusted earnings for the second quarter of 2015 excludes $8.3 million of gains from the sale of two former Retail locations during the quarter and a $0.3 million charge in connection with the refinancing of the Company’s asset based lending facility in June 2015. Non-GAAP adjusted earnings for the second quarter of 2014 comprises charges totaling $1.1 million related to the early extinguishment of debt and the transition of three Retail locations to independent dealer facilities.
Wabash National Corporation designs, manufactures, and markets truck and tank trailers, intermodal equipment, and transportation related products in North America. Its Commercial Trailer Products segment provides dry van trailers under the DuraPlate, DuraPlateHD, DuraPlate, XD-35, and FreightPro trademarks; platform trailers under the Transcraft, Eagle, and Benson trademarks; refrigerated trailers under the ArcticLite trademark; and specialty products, such as converter dollies, big tire haulers, Roadrailer trailers, rail products, aftermarket component products, parts, and others, in addition to used trailers and laminated hard wood oak products.
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