On Thursday, Shares of SunPower Corporation (NASDAQ:SPWR), surged 2.64% to $34.26.
SunPower China joint venture partners with Apple to provide Solar Power to the Environmentally-Preserved ABA Region. Ongoing its growth in the world’s largest solar photovoltaic market, SunPower Corporation recently declared that it plans to partner with Apple to build two solar power projects totaling 40 megawatts (MW) in ABA Tibetan and Qiang Autonomous Prefectures, Sichuan Province of the Peoples Republic of China (PRC). When complete, the two projects will be co-owned by Sichuan Shengtian New Energy Development Co., Ltd., SunPower’s project development joint venture, and Apple.
The projects comprise Hongyuan Huanju Ecological Energy Co., Ltd., (Hongyuan) located in Hongyuan County and Ruoergai Huanju Ecological Energy Co., Ltd., (Zioge) located in Ruoergai County. Both are in the ABA Prefecture and will be 20 MW each.
The projects are presently being constructed, and the Hongyuan project already has 2 MW connected to the grid utilizing SunPower’s LCPV tracker. The technology combines single-axis tracking technology with rows of parabolic mirrors, reflecting light onto high efficiency SunPower Maxeon™ cells, which are the world’s most efficient commercially accessible mass-produced solar cells. Completion of the projects is predictable in the fourth quarter of 2015.
These are the first solar projects deployed in the ABA Region. The projects are predictable to provide up to 80 million kilowatt-hours per year while also protecting the ecosystem. The projects will feature SunPower’s unique “light-on-land” approach to solar photovoltaic power plant design and construction developed through its experience with over 2 gigawatts (GW) of power plant systems installed and operating globally. Utilizing this innovative dual-use approach means that pasture farming can continue while power is generated.
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.
Shares of Penn National Gaming Inc. (NASDAQ:PENN), gained 2.61% to $15.70, during the last trading session on Thursday.
Penn National Gaming, declared that the Company’s Board of Directors has, subject to customary regulatory approvals, designated Jane Scaccetti to the Board effective right away. Ms. Scaccetti’s appointment will expand the size of the Board to eight members, six of whom satisfy the standards for director independence under the current Listing Rules of the NASDAQ Stock Market. In addition, Ms. Scaccetti has been nominated to serve as Chair of the Board’s Audit Committee, a role she assumes from John Jacquemin, who will remain on the Board and the Audit Committee.
Ms. Scaccetti is founding partner and CEO of Philadelphia-based Drucker & Scaccetti and has been a practicing CPA in the Commonwealth of Pennsylvania since 1977. At Drucker & Scaccetti, she and her team of about 50 professionals provide counsel to family-owned and closely-held businesses on a wide range of complex tax planning and wealth administration issues. Preceding to founding the firm in 1990, Ms. Scaccetti served at Laventhol & Horwath from 1977 to 1990 during which time she became the first woman to be named tax partner at a Philadelphia’s international firm in 1987. She has served on the Board of Directors at The Pep Boys since 2003, where she chairs the Company’s Audit Committee and serves on the Nominations and Governance Committee. She also serves on the boards of Mathematica Policy Research and Temple University Health Systems, where she served as Chair from 2008-2013. She is a Trustee of Temple University, a Trustee of Salus University and Board Chair at Temple University Hospital. Ms. Scaccetti formerly served as a Director and Chair of the Audit Committee at DiGiorgio Corporation from 1994-2006, on the board at Nutrition Administration Services Company from 1992-2009, a director at Keystone Health Plan East from 1998-2008 and on the board of First Penn Bank from 1989-1999. She is a member of the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants.
Penn National Gaming, Inc. owns and operates gaming and pari-mutuel properties. It operates through East/Midwest, West, and Southern Plains segments. The company is involved in gaming and racing operations.
At the end of Thursday’s trade, Shares of B2Gold Corp. (NYSEMKT:BTG), gained 2.60% to $1.58.
B2Gold Corp, declared its gold production and revenue for the first quarter of 2015.
2015 First Quarter Highlights:
- Record quarterly merged gold production of 115,859 ounces (counting 18,815 ounces of pre- commercial production from Otjikoto), 20% greater than in the same period in 2014
- Record gold sales of 114,799 ounces (or 133,265 ounces counting 18,466 ounces of pre-commercial sales from Otjikoto)
- Gold revenue of $138.9 million (or a record of $162 million counting $23.1 million of pre- commercial sales from Otjikoto)
- New Otjikoto Mine in Namibia successfully transitioned into production, achieving commercial production one month ahead of plan on February 28, 2015
- Otjikoto mill expansion from 2.5 million tonnes per year to 3.0 million tonnes per year remains on plan, expecting to raise gold production starting in September 2015
- Company is on track to meet its 2015 guidance of 500,000 to 540,000 ounces of gold production at cash operating costs between $630 to $660 per ounce and all-in sustaining costs between $950 and $1,025 per ounce
- In Mali, the Fekola Project feasibility study is well underway with completion predictable in the second quarter of 2015; Road construction and site earthworks commenced in February 2015.
Gold Revenue:
Gold revenue for the first quarter of 2015 was $138.9 million (or a record of $162 million counting $23.1 million of pre-commercial sales from Otjikoto) on record sales of 114,799 ounces (or 133,265 ounces counting 18,466 ounces of pre-commercial sales from Otjikoto) at an average price of $1,210 per ounce contrast to $129 million on sales of 98,995 ounces at an average price of $1,303 per ounce in the 2014 first quarter. The 8% raise in gold revenue was mainly attributable to a 16% raise in gold sales volume, partially offset by an about 8% decline in the average realized gold price.
B2Gold Corp., a mid-tier gold mining company, explores and develops mineral properties in Nicaragua, the Philippines, Namibia, Burkina Faso, and Chile. The company principally explores for gold, silver, and copper.
Finally, ServiceNow, Inc. (NYSE:NOW), ended its Thursday’s trading session with 2.59% gain, and closed at $82.84.
ServiceNow, declared the financial results for its first quarter 2015.
First Quarter 2015 Results:
- Revenues of $212 million, an raise of 52% year-over-year and 62% in constant currency.
- GAAP net loss of $58 million, or a loss of $0.38 per basic and diluted share, contrast to a GAAP net loss of $43 million, or a loss of $0.30 per basic and diluted share, in the first quarter of 2014.
- Non-GAAP net income of $2 million, or income of $0.02 per basic share and $0.01 per diluted share, contrast to a non-GAAP net loss of $11 million, or a loss of $0.08 per basic and diluted share, in the first quarter of 2014.
- Billings were $268 million, increasing 48% year-over-year and 59% in constant currency.
- Added 23 net new Global 2000 customers, bringing the total to 545.
ServiceNow, Inc. provides cloud-based solutions that define, structure, manage, and automate services to enterprise operations in North America, Europe, the Middle East, Africa, the Asia Pacific, and other countries.
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