On Tuesday, Energy Transfer Equity LP (NYSE:ETE)’s shares inclined 0.94% to $11.87. With its recent share price change, ETE market value has reached roughly $12.30 billion. Its most recent quarter balance sheet showed the company is standing at a 1.20 current ratio. The company has a Profit Margin (ttm) of 2.10% and has 17.20% gross margins. The operating profit margin is 5.00%. The stock’s performance in 1 month is -37.87% and its volatility for the same period is 10.03%.
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline.
Ascent Solar Technologies, Inc. (NASDAQ:ASTI)’s shares dropped -3.53% to $0.150.
Ascent Solar Technologies, Inc. (NASDAQ: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company’s EnerPlex™ series of consumer products, declared that the Company has fully settled the final cash portion of its senior secured convertible notes (“Notes”), following the agreement declared on November 23, 2015. Following this settlement, the remaining principal balance of outstanding Notes has been reduced to about $52,000. The Company anticipates this remaining amount to be converted or stepped down in the near future.
“We are happy to have settled this portion of the Notes as planned,” commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. “Following this final cash settlement, the Company has effectively accomplished the debt restructuring exercise that was declared back in September 2015. This completion will allow Ascent Solar to move forward on more favorable terms with its new funding partner in 2016, and benefit from raised financial flexibility. We appreciate our shareholders’ patience through this arduous process, and we look forward to providing product updates as we move closer to CES in January 2016.”
Ascent Solar Technologies, Inc., a development stage company, designs and manufactures photovoltaic integrated consumer electronics; and portable power applications for commercial and military users.
Ingersoll-Rand PLC (NYSE:IR)‘s shares surged 1.98% to $54.19.
Ingersoll-Rand plc (IR), a world leader in creating comfortable, sustainable and efficient environments, declared it will sell its remaining equity interest in Hussmann Parent, Inc. as part of a transaction in which Panasonic Corporation is acquiring 100 percent of Hussmann’s shares.
Ingersoll Rand anticipates to receive net proceeds of about $400 million. The transaction is anticipated to close in the first half of 2016, subject to customary approvals and closing conditions.
“Selling our remaining ownership in Hussmann provides immediate value to our shareholders and will provide additional cash for value-accretive deployment in 2016,” said Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand.
Ingersoll-Rand plc, together with its auxiliaries, designs, manufactures, sells, and services a portfolio of industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers heating, ventilation, and air conditioning (HVAC) systems, in addition to commercial and residential building services, parts, support, and controls under the Trane and American Standard brands; and transport temperature control solutions under the Thermo King brand.
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