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Saturday 26 September 2015
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Stocks Recap: 3D Systems Corporation(NYSE:DDD), Xylem Inc(NYSE:XYL), SolarCity Corp(NASDAQ:SCTY), Callon Petroleum Company(NYSE:CPE)

On Friday, 3D Systems Corporation (NYSE:DDD)’s shares declined -2.42% to $12.72.

3D Systems (DDD) declared that it has expanded its PlasticJet Printing materials to comprise a new Nylon for the company’s flagship CubePro(R) 3D printers. This engineering-grade performance material was developed for CubePro , bringing strength, flexibility and unparalleled durability to desktop production of functional parts for design, testing and small-scale manufacturing. Engineered with a blend that comprises Nylon 6 and compatible with InfinityTM Rinse-Away water-soluble support material, Nylon for CubePro saves valuable design and process time and enables 3D printing of complex, articulated and fully assembled end-use parts.

Nylon for Cube Pro is delivered in a new Smart Cartridge that is equipped with a hydroscopic seal extending the material’s shelf life for up to 12 months. Nylon cartridges are priced at $149 each, and are accessible right away on Cubify and through select distributors. Combining Nylon with InfinityTM Rinse-Away support inside the CubePro’s climate controlled chamber delivers the highest quality professional desktop 3D printing output every time.

3D Systems Corporation, through its auxiliaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the Americas, Germany, and the Asia-Pacific, in addition to other European, the Middle East, and African countries. The company’s 3D printers transform data input from the format generated by 3D design software, CAD software, or 3D scanning and sculpting devices to printed parts using integrated, engineered plastic, metal, nylon, rubber, wax, and composite print materials. It offers stereolithography, selective laser sintering, direct metal, multi-jet, color jet, and film transfer imaging printers, in addition to plastic jet printing 3D printers.

Xylem Inc (NYSE:XYL)’s shares dropped -2.07% to $31.68.

Xylem is narrowing the range of its full-year outlook, which continues to reflect ongoing foreign exchange fluctuations. Xylem continues to expect full-year 2015 revenue of about $3.7 billion, a decrease of six to seven percent from the full-year 2014 results. On an organic basis, Xylem now anticipates to generate revenue growth of about one to two percent.

Full-year 2015 adjusted operating income is now predictable to be in the range of $470 million to $483 million, resulting in adjusted earnings per share of $1.82 to $1.87. Not taking into account the projected unfavorable impact of foreign exchange translation, Xylem’s adjusted earnings per share growth expectations are in the range of six to seven percent over the comparable full-year 2014 results. The Company’s outlook for projected restructuring and realignment costs of $20 million for the year is unchanged.

Xylem Inc. engages in the design, manufacture, and application of engineered technologies for the water and wastewater applications. The company operates in two segments, Water Infrastructure and Applied Water. The Water Infrastructure segment offers various products, counting water and wastewater pumps, treatment and testing equipment, and controls and systems, in addition to filtration, disinfection, and biological treatment equipment under the Flygt, WEDECO, Godwin, WTW, Sanitaire, YSI, and Leopold names for transportation, treatment, and testing of water and wastewater for public utilities and industrial applications.

At the end of Friday’s trade, SolarCity Corp (NASDAQ:SCTY)‘s shares dipped -1.41% to $49.09.

SolarCity (SCTY) and ILIOSSON, S.A. de C.V. declared that they have reached a definitive agreement for SolarCity to acquire ILIOSS, one of the largest commercial and industrial solar developers in Mexico. Upon close of the acquisition, ILIOSS will operate as an independent business unit of SolarCity. ILIOSS co-founder and Chairman David Arelle and co-founder and Chief Operating Officer Manuel Vegara will lead the new business unit as President and General Manager, respectively. Preceding to founding ILIOSS in 2012, Mr. Arelle oversaw the development and construction of thousands of homes and apartments across Mexico, first as a private homebuilder and later as a part of a joint venture with Pulte Homes.

SolarCity Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; mounting hardware for photovoltaic panels; and related software, in addition to develops a proprietary battery administration system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators. The company also sells electricity generated by solar energy systems to customers.

Callon Petroleum Company (NYSE:CPE), ended its Friday’s trading session with -0.77% loss, and closed at $9.05.

Callon Petroleum Company (CPE) declared that it has declared a cash dividend of $1.25 per share on its 10.0% Series A Cumulative Preferred Stock (“Series A Preferred Stock”). The dividend will be paid on September 30, 2015 to stockholders of record as of September 14, 2015. The Series A Preferred Stock is presently listed on the New York Stock Exchange under the symbol “CPE.A.”

Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas properties in the Permian Basin in West Texas. As of December 31, 2014, its estimated net proved reserves totaled 32.8 million barrel of oil equivalent, counting 25.7 million barrels of oil and 42.5 billion cubic feet of natural gas. The company was founded in 1950 and is headquartered in Natchez, Mississippi.

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