Insights about U.S. Stocks that landed in the Red-Zone during Wednesday’s trade, are depicted underneath:
Century Aluminum Co (NASDAQ:CENX)‘s shares dwindled -16.57%, and closed at $16.51.
Formerly On February 26, Century Aluminum Co. (CENX), declared that its Board of Directors has raised the size of the Corporation’s ongoing share repurchase program by $20 million. Together with today’s raise, the Corporation had a total of $30.1 million authorized for future share repurchases as of February 26, 2015.
Purchases made following the share repurchase program will be made in either the open market or in privately negotiated transactions periodically as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the Corporation in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The program may be suspended or suspended at any time and has no expiration date.
Purchases made following the share repurchase program will be made in either the open market or in privately negotiated transactions periodically as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the Corporation in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The program may be suspended or suspended at any time and has no expiration date.
Century Aluminum Corporation, together with its auxiliaries, produces and sells primary aluminum in the United States and Iceland. It provides standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes.
Real Goods Solar, Inc (NASDAQ:RGSE), declined -7.27%, and closed at $0.370.
Real Goods Solar, Inc. (RGSE), one of the nation’s largest and most recognized rooftop installers of solar equipment, has begun a process of reorganization and realignment under a new operational model designed to leverage core strengths while reducing non-core overhead.
RGS Energy will maintain a centralized engineering capability in its Louisville, Colorado headquarters, and will continue to maintain field sales and in-house construction teams on the East Coast. Most of the major changes will focus on its California operations, where it will replace its offices, warehouses, field sales and construction teams in California with greater utilization of call center e-Sales and the corporation’s Authorized Integrator Program for solar installations. The corporation remains strongly committed to California, given the major opportunity, and believes it has a more efficient approach with the new operational model.
The corporation’s reorganization will reduce employee headcount by 30% or 100 positions over the next few months. Severance, lease exit and the associated costs of the restructuring is predictable to be between $140,000 and $240,000, with a non-cash impairment charge for leasehold improvements of about $70,000. The corporation anticipates to complete most of the restructuring in the current first quarter of 2015, with the completion and related charges subject to local labor regulations.
Formerly on February 27, RGS Energy has accomplished the formerly declared public offering of 7 million units comprising of its Class A ordinary stock and Series A, B, C, D and E ordinary stock warrants at a price of $0.50 per unit. WestPark Capital, Inc. acted as the exclusive placement agent in the offering.
RGS Energy (RGSE) is one of the nation’s largest and most recognized rooftop installers of solar equipment, serving residential and small business customers in the mainland U.S. and Hawaii. Starting with one of the very first photovoltaic panels sold in 1978, the corporation has installed tens of thousands of solar power systems.
BIOLASE Inc (NASDAQ:BIOL), dipped -7.14%, and closed at $1.95.
BIOLASE, Inc. (BIOL), the global leader in dental lasers, stated its financial results for the fourth quarter and year ended December 31, 2014.
President and CEO Jeffrey M. Nugent commented, “The latter half of 2014 marked the starting of the transformation of BIOLASE with a new Board of Directors and administration. Among the many problems we faced last June, proceeds had been declining and there were substantial legal and administrative expenses caused by litigation that worsened the negative momentum even further. The Corporation needed to be recapitalized and critical changes were required.
Fourth Quarter Results:
Net proceed for the fourth quarter of 2014 was $13.2 million, as contrast to net proceeds of $15.2 million for the fourth quarter of 2013, a decline of 13 percent. The quarter-over-quarter decline in net proceed in the 2014 fourth quarter resulted from lower domestic and international laser system proceed, imaging systems proceed, and license fees and royalties, partially offset by raises in consumables and services proceed.
Net proceed of $13.2 million for the fourth quarter of 2014, was the highest of any quarter during 2014, up about 4 percent from net proceeds of $12.7 million in the third quarter of 2014, and up 30 percent from net proceeds of $10.2 million in the second quarter of 2014.
As predictable, the Corporation practiced an improvement of 19 percent and 37 percent in its core laser systems proceed during the fourth quarter of 2014 when contrast with the third quarter and second quarter of 2014, respectively.
BIOLASE, Inc. is a medical device corporation that develops, manufactures, and markets innovative lasers in dentistry and medicine and also markets and distributes high-end 2D and 3D digital imaging equipment, CAD/CAM intraoral scanners, and in-office milling machines and 3D printers. BIOLASE’s products are focused on technologies that advance the practice of dentistry and medicine and offer benefits and value to healthcare professionals and their patients.
Noranda Aluminum Holding Corporation (NYSE:NOR), dropped -6.58%, and closed at $2.98, hitting new 52-week low of $2.87.
Formerly on February 18, Noranda Aluminum Holding Corp. (NOR), declared that its Board of Directors has declared a regular quarterly dividend of $0.01 per share to be paid on March 25, 2015 to shareholders of record as of March 2, 2015. The Board anticipates declaring this dividend in future quarters on a regular basis; however, changes in the Corporation`s financial condition and cash needs could result in dividends being declared in different amounts, or not at all.
Noranda Aluminum Holding Corporation is a leading North American integrated producer of value-added primary aluminum products, in addition to high quality rolled aluminum coils. Noranda is a public corporation associated with its private equity sponsor.
