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Friday 12 June 2015
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Pre-Market Stocks Recap: SunPower (NASDAQ:SPWR), Energizer Holdings, (NYSE:ENR), Vivint Solar (NYSE:VSLR), Ballard Power Systems (NASDAQ:BLDP)

On Thursday, SunPower Corporation (NASDAQ:SPWR)’s shares declined -1.10% to $30.63.

The Kern High School District (KHSD) and SunPower Corp. (SPWR) declared a contract recently to design and build 22 megawatts of solar power systems at 27 district sites. According to data offered by The Solar Foundation, the agreement is the largest contracted commitment to solar power by any school district in the U.S. Once the systems are operational in 2016, the district estimates that it will achieve $80 million in savings in electricity costs over 25 years.

SunPower is also working with KHSD to expand the district’s commitment to high quality science, technology, engineering, and math (STEM) education. Presently, eight district schools provide STEM curriculum through programs offered by Project Lead The Way (PLTW), a leading provider of K-12 STEM curriculum and teacher professional development. SunPower’s in-kind contribution to the district is predictable to enable KHSD to comprise two additional schools in these programs and enhance the district’s existing programs over 20 years.

SunPower is a leader in delivering energy solutions to school districts in the U.S. To date, the company has accomplished or is installing solar power systems at 250 schools totaling more than 83 megawatts which, according to the Solar Energy Industries Association, is enough to power almost 14,000 average California homes.

SunPower Corporation designs, manufactures, and delivers solar systems to residential, commercial, and utility-scale power plant customers worldwide. The company offers solar power components, counting panels, balance of system components, and inverters.

Energizer Holdings, Inc. (NYSE:ENR)’s shares dropped -2.09% to $136.02.

Energizer Holdings, Inc. (ENR) declared that its Board of Directors has approved a new authorization for the Company to acquire up to 10 million shares of its $.01 par value common stock. This authorization replaces a similar authorization to acquire up to 10 million shares, which was approved by the Board in April 2012, and under which about 5 million shares of common stock have been repurchased. This authorization will carry over to Edgewell Personal Care Company after the predictable July 1, 2015 spin off of the Household Division.

The executive leadership team of Edgewell Personal Care made the declarement at its Investor kickoff meeting in New York recently, where it also presented its long-term financial objectives and its capital allocation plans to investors.

Energizer Holdings, Inc. manufactures and markets primary batteries, portable lighting, and personal care products in the United States and internationally. The company operates through Personal Care and Household Products divisions. The Personal Care division offers wet shave products, which comprise razor systems comprising razor handles and refillable blades, and disposable shave products under the Schick, Wilkinson Sword, Edge, Skintimate, and Personna brand names, in addition to shave preparation products, counting shaving gels and creams.

At the end of Thursday’s trade, Vivint Solar Inc (NYSE:VSLR)‘s shares dipped -0.07% to $14.16.

Vivint Solar Inc (VSLR) declared plans to collaborate with Blackstone to provide clean, efficient solar energy to Blackstone’s portfolio of commercial and industrial properties.

Vivint Solar recently closed its first solar commercial and industrial investment fund that will enable the company to expand its solar energy offerings to commercial and industrial businesses across the U.S. Blackstone, a premier investment and advisory firm specializing in private equity, credit and hedge fund investment strategies, presently maintains in its portfolio a vast assortment of commercial and industrial properties.

Vivint Solar, Inc. provides distributed solar energy to residential customers in Arizona, California, Hawaii, Maryland, Massachusetts, New Jersey, New York, and Utah. It installs and owns solar energy systems through long-term customer contracts, such as power purchase agreements and solar energy system leases.

Ballard Power Systems Inc. (USA) (NASDAQ:BLDP), ended its Thursday’s trading session with -0.47% loss, and closed at $2.11.

Ballard Power Systems Inc. (USA) (BLDP) declared that it has signed a contract with Transport for London (TfL) to extend the operation of eight (8) zero-emission hydrogen fuel cell buses in London, U.K. for five (5) more years. TfL first began operation of the first five zero-emission fuel cell buses in 2010 as part of its publicly stated aim to reduce CO2 emissions 60% from the 1990 level, by 2025. Three additional zero-emission hydrogen fuel cell buses joined the fleet in 2013. All eight buses are powered by Ballard’s FCvelocity® fuel cell module.

The eight buses are operated by Transport for London on its central Covent Garden-Tower Gateway route. The fleet has been operating in service for more than 73,000 hours, with fuel performance and reliability surpassing expectations.

The contract extension is being partially funded by the EU Hydrogen Fuel Cell Joint Undertaking, a public-private partnership supporting research, technological development and demonstration activities in fuel cell and hydrogen energy technologies, which provides subsidies for eligible projects through a cost share mechanism.

Ballard Power Systems Inc. engages in the development and commercialization of proton exchange membrane fuel cells worldwide. The company is primarily involved in the design, development, manufacture, sale, and service of fuel cell stacks, modules, and systems for various applications.

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