During Thursday’s trade, Shares of SunEdison, Inc. (NYSE:SUNE), gained 6.72% to $3.80.
SunEdison, today declared that it has started construction on a 4.5 megawatt (MW) DC solar project in Dighton, Mass. for the Brockton Housing Authority. The housing authority, which serves around 7,000 low and very low income residents, signed a 20-year power purchase agreement with SunEdison last year, and anticipates saving more than $14 million on energy costs over the period of the agreement.
SunEdison is collaborating with ISM Solar, a national developer with industry-leading expertise in solar project administration, to develop the project. ISM initiated the project and will complete permitting and interconnection and perform site control. SunEdison will supply its high performance solar panels and perform best-in-class construction services, and 24/7 monitoring and maintenance services.
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. The Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations, and maintenance portions of the downstream solar market.
Shares of The Kroger Co. (NYSE:KR), inclined 3.83% to $39.56, during its current trading session.
The Kroger Co. (KR) today stated net earnings of $428 million, or $0.43 per diluted share, and identical supermarket sales growth, without fuel, of 5.4% in the third quarter of fiscal 2015.
Net earnings in the same period last year were $362 million, or $0.36 per diluted share, counting the benefit of certain tax items. Not Taking Into Account this, Kroger’s adjusted net earnings were $345 million, or $0.35 per diluted share, for the third quarter of fiscal 2014.
Comments from Chairman and CEO Rodney McMullen
“Our associates delivered another quarter of excellent identical supermarket sales and earnings results that provide great momentum as we head into the holiday season. Kroger’s consistent results demonstrate once again that our relentless focus on customers is the key to sustainable shareholder returns. We continue to implement our growth plan and expect to exceed our long-term net earnings per diluted share growth rate for fiscal 2015.”
The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores.
Finally, Pioneer Natural Resources Co. (NYSE:PXD), gained 0.78%, and is now trading at $144.92.
Pioneer Natural Resources Company declared that it has priced an offering of $500 million of 3.45% Senior Notes that will mature January 15, 2021 (the “2021 Notes”), and $500 million of 4.45% Senior Notes that will mature January 15, 2026 (the “2026 Notes”), following an effective shelf registration statement that was formerly filed with the Securities and Exchange Commission. The price to the public for the 2021 Notes is 99.750% of the principal amount, and the price to the public for the 2026 Notes is 99.889% of the principal amount.
The Company intends to use the net proceeds of about $992 million from the offering for general corporate purposes, counting to fund the repayment or repurchase of Pioneer’s 5.875% Senior Notes due 2016 or Pioneer’s 6.65% Senior Notes due 2017, and to pay certain fees and expenses related to the offering.
Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas.
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