On Tuesday, DTE Energy Co (NYSE:DTE)’s shares declined -1.58% to $79.09.
DTE Energy, the largest developer of solar energy projects in the state, has begun construction of an array in Romulus that will operate by the end of the year.
The new facility on Citrin Drive near I-94 and Middlebelt Road will comprise more than 2,700 solar panels on property owned by the Morton Terminal Land Holdings, LLC. The solar installation will have capacity to generate 750 kilowatts of electricity – enough to power 125 homes.
DTE Energy will construct, operate and maintain the solar array for 20 years.
Dimitry added that projects such as the Romulus facility have assisted DTE Energy meet a state mandate requiring electric utilities to supply 10 percent of their electricity from renewable energy sources by 2015.
The project is part of SolarCurrents, a pilot program launched in 2009. DTE Energy has installed nearly 10 megawatts of solar energy across 22 sites in Southeastern Michigan counting projects at Ford Motor Co. headquarters in Dearborn and Monroe Community College in Monroe.
DTE Energy Company operates in the utility operations. The company’s Electric segment engages in the generation, purchase, distribution, and sale of electricity to about 2.1 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, in addition to wind and other renewable assets. This segment owns and operates about 675 distribution substations; and about 432,900 line transformers.
Hawaiian Holdings, Inc. (NASDAQ:HA)’s shares gained 0.84% to $22.70.
Hawaiian Holdings, Inc. (HA) parent company of Hawaiian Airlines, Inc. stated its financial results for the second quarter of 2015.
- GAAP net income of $48.8 million or $0.79 per diluted share.
- Adjusted net income, reflecting economic fuel expense and not taking into account loss on extinguishment of debt, of $37.5 million or $0.61 per diluted share, an enhance of $15.1 million or $0.26 cents per diluted share year-over-year.
- Adjusted pre-tax margin of 10.7% contrast to 6.4% in the preceding year period.
- Unrestricted cash, cash equivalents and short-term investments of $606 million.
- Lowered leverage ratio to 3.4x.
Hawaiian Holdings, Inc., through its partner, Hawaiian Airlines, Inc., engages in the planned air transportation of passengers and cargo. It offers daily services on North America routes between the state of Hawaii and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington, in addition to daily services on its neighbor island routes among the four major islands of the state of Hawaii.
At the end of Tuesday’s trade, TerraForm Power Inc (NASDAQ:TERP)‘s shares dipped -2.05% to $28.13.
SunEdison, Inc. (SUNE), the world’s largest renewable energy development company, and TerraForm Power, Inc. (TERP), an owner and operator of clean energy power plants, declared that they plan to report second-quarter 2015 financial results at 8:00 am EDT on Thursday, August 6, 2015.
TerraForm Power, Inc. owns and operates solar and wind generation assets serving utility, commercial, and residential customers. As of February 20, 2015, its portfolio compriseed of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with an aggregate nameplate capacity of 1,507.3 megawatt.
Xilinx, Inc. (NASDAQ:XLNX), ended its Tuesday’s trading session with 0.19% gain, and closed at $41.67.
Xilinx, Inc. (XLNX) declared its SDAccel development environment has been named a winner in the EE Times and EDN 2015 UBM Canon ACE Awards in the Ultimate Product – Development Kit category. The awards program honors the people and companies behind the technologies and products that are changing the world of electronics. The winners were declared at an awards ceremony on Tuesday, July 21, at the Santa Clara Convention Center, during the Embedded Systems Conference Silicon Valley.
The SDAccel development environment was chosen for the 2015 ACE Award due to its ability to enable up to 25X better performance/watt for data center application acceleration leveraging software programming languages and FPGAs. Featuring the industry’s first architecturally optimizing compiler, the SDAccel environment supports any combination of OpenCL™, C, and C++ kernels, together with libraries, development boards and the first complete CPU/GPU like development and run-time experience for FPGAs.
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP), which comprises of Xilinx and various third-party verification and IP cores.
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