Bright Stocks in Review: Ambev SA (NYSE:ABEV), BP plc (NYSE:BP), Canadian Solar (NASDAQ:CSIQ)

Bright Stocks in Review: Ambev SA (NYSE:ABEV), BP plc (NYSE:BP), Canadian Solar (NASDAQ:CSIQ)

- in Business & Finance
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On Thursday, Ambev SA (ADR) (NYSE:ABEV)’s shares declined -2.33% to $4.62. ABEV 52 week range of the stock remained $4.41 - $6.83, while its day lowest price was $4.57 and its hit its day highest price at $4.80. The company has total of 15.68 billion outstanding shares. It has market cap of $74.34 billion.

Ambev S.A., through its auxiliaries, produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. The company operates through Latin America North, Latin America South, and Canada segments.

BP plc (ADR) (NYSE:BP)’s shares dropped -1.68% to $30.35. BP opened its trading session at $30.75. During the trading session the minimum price at which share price traded, recorded at USD 30.34 and share price hit to max level of USD 30.83. Its fifty two week range was $29.35 -$43.85. The total market capitalization remained $93.68 Billion. The beta of the stock stands at 1.53.

BP p.l.c. operates as an integrated oil and gas company worldwide. It operates in three segments: Upstream, Downstream, and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, counting liquefied natural gas (LNG), and power and natural gas liquids (NGL).

At the end of Thursday’s trade, Canadian Solar Inc. (NASDAQ:CSIQ)‘s shares dipped -2.64% to $26.56.

Canadian Solar Inc. (CSIQ), one of the world’s largest solar power companies, declared the sale of the 10 MW AC (14 MW DC) Illumination LP (“Illumination”) solar power plant to an associate of DIF Infrastructure III (“DIF”). The solar power plant, valued at CAD $65.9 Million (USD$48.4 Million), comprises of about 47,448 Canadian Solar MaxPower CS6X-300/310P PV modules and is located in Scugog, Ontario. It reached commercial operation on November 13, 2015, and will sell electricity following a 20-year Independent Electricity System Operator feed-in-tariff contract.

The environmental benefits that will be generated from this solar system are significant. The amount of clean solar energy that the Illumination plant will generate is estimated at 17,892 MWh per year, and 344,697 MWh over 20 years. The amount of carbon dioxide that will be displaced during the system’s 20 year lifetime is about 237,686 metric tons, equivalent to taking about 50,000 cars off the road for one year.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, “We are happy to declare the sale of Illumination LP to DIF. This marks the third transaction closed between Canadian Solar and DIF, and we thank them for their continued partnership.”

Canadian Solar Inc., together with its auxiliaries, designs, develops, manufactures, and sells solar wafers, cells, and solar power products worldwide. The company operates in two segments, Module and Energy.

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