Ford Motor Company (F) announced on Wednesday the addition of two new board members.
The automaker named James P. Hackett and John C. Lechleiter as the newest members of the company’s board of directors. Hackett’s new role will begin immediately, while Lechlieter will officially join on October 1, 2013.
Hackett is currently the CEO of Steelcase, Inc–a furniture maker–and also serves on the board of Fifth Third Bancorp, the National Center for Arts and Technology, and the��Gerald R. Ford School of Public Policy and Life Sciences Institute at University of Michigan. Lechlieter is the President and CEO of Eli Lilly and Company, one of the largest pharmaceutical firms in the world, and also serves on the board of Nike, Inc, United Way�Worldwide, Xavier University, the Central Indiana Corporate Partnership and the Life Sciences Foundation.
Top Life Sciences Companies To Own In Right Now: Cliffs Natural Resources Inc.(CLF)
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore pellets, lump and fines iron ore, and metallurgical coal products. The company operates six iron ore mines in Michigan, Minnesota, and eastern Canada; two iron ore mining complexes in Western Australia; five metallurgical coal mines located in West Virginia and Alabama; and one thermal coal mine located in West Virginia. It also owns a 45% economic interest in a coking and thermal coal mine located in Queensland, Australia; and a 30% interest in Amapa, a Brazilian iron ore project in Latin America, as well as chromite properties in Ontario, Canada. The company, formerly known as Cleveland-Cliffs Inc, was founded in 1847 and is headquartered in Cleveland, Ohio.
Advisors' Opinion:- [By Dan Burrows]
Beleaguered mining company Cliffs Natural Resources (CLF) reported a surprisingly strong profit late Thursday, sending CLF stock up sharply to end the week. That should help Cliffs fend off an activist investor for the time being, even as the outlook for mining stocks remains bleak.
- [By Matt Thalman]
Other big losers today where the mining companies as Newmont Mining (NYSE: NEM ) and Cliffs Natural Resources (NYSE: CLF ) both declined sharply, losing 4.27% and 2.49%, respectively. The declines came as a result of precious metals having a terrible day; gold fell 3.13%, silver lost 4.89%, platinum declined by 1.51%, and copper sold for 3.45% less today than just days ago on the New York Mercantile exchange.�
- [By Ben Levisohn]
The Dow Jones Industrials were held back by Exxon Mobil (XOM), which fell 2% this week to $99.51 as oil dropped the most in 19 months this week, and Procter & Gamble (PG), which finished off 1.9% at $80.45 as investors fled consumer staples. Those losses also overwhelmed the week’s big winner: Disney (DIS), which gained 2.4% to $76.11 after being upgraded at Guggengheim because of the strong performance of Frozen. The S&P 500 got hit by big drops in oil-exploration company Pioneer Natural Resources (PXD), which fell 6.2% to $176.05 as investors wait for it to provide an update on the impact of cold weather on production (thanks to a reader of this post for supplying that bit of information), and Cliffs Natural Resources (CLF), which finished the week off 5.6% at $25.05.
- [By Whitney Kisling]
Gains were led by stocks that had fallen in 2013. First Solar Inc. (FSLR), the Tempe, Arizona-based power technology developer, has jumped 38 percent since sliding 13 percent in the first quarter. Cliffs Natural Resources Inc. (CLF), the Cleveland-based iron-ore mining company, rallied 8.8 percent on April 9, its biggest increase since September. The shares were down 52 percent for 2013 before last week.
Top Life Sciences Companies To Own In Right Now: Amira Nature Foods Ltd (ANFI)
Amira Nature Foods Ltd., incorporated on February 20, 2012, is a provider of packaged Indian specialty rice, with sales in over 40 countries. It generates the majority of its revenue through the sale of Basmati rice, a long-grain rice grown only in certain regions of the Indian sub-continent. The Company sells its products, primarily in emerging markets, through a distribution network. It sells its Amira brand in more than 25 countries. The Company sells its Amira branded products to Indian retailers such as Bharti Wal-Mart, Big Bazaar, Metro Cash & Carry, Spar, Spencer's Retail, Star Bazaar (Tesco in India) and Total and retailers, such as Carrefour, Costco, Jetro Restaurant Depot, Lulu's and Smart & Final, and through the foodservice channel. It participates across the entire rice supply chain from the procurement of paddy to its storage, aging, processing into rice, packaging, distribution and marketing. In June 2013, the Company announced that it has launched Amira branded products in the United Kingdom. In January 2014, Amira Nature Foods Ltd acquired Basmati Rice GmbH.
The Company operates an automated and integrated processing and milling facility that is located in the vicinity of the key Basmati rice paddy producing regions of northern India. The facility spans a covered area of 310,221 square feet, with a processing capacity of 24 metric tons of paddy per hour. During the year ended March 31, 2012, 34% of its revenue was derived from sales in India, and 50.3% was derived from sales in the Europe, Middle East and Africa region, or EMEA, 14.3% was derived from sales in the Asia Pacific region, and 1.4% was derived from sales in North America.
Advisors' Opinion:- [By Roberto Pedone]
A consumer goods player that's starting to trend within range of triggering a big breakout trade is Amira Nature Foods (ANFI), a global provider of packaged Indian specialty rice, with sales in over 40 countries. This stock has been in play with the bulls over the last three months, with shares up 25%.
If you take a look at the chart for Amira Nature Foods, you'll notice that this stock has been uptrending strong for the last five months, with shares soaring higher from its low of $7.44 to its recent high of $17.41 a share. During that uptrend, shares of ANFI have been making mostly higher lows and higher highs, which is bullish technical price action. Shares of ANFI have started to break out above some key near-term overhead resistance levels today at $15.92 to $16.25 a share. That move is quickly pushing shares of ANFI within range of triggering another big breakout trade.
Traders should now look for long-biased trades in ANFI if it manages to break out above its all-time high of $17.41 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 226,387 shares. If that breakout triggers soon, then ANFI will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $25 to $27 a share.
Traders can look to buy ANFI off any weakness to anticipate that breakout and simply use a stop that sits right below its 50-day at $15.03 a share or around more key near-term support at $14.72 a share. One could also buy ANFI off strength once it starts to clear $17.41 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Jeremy Bowman]
What: Shares of Amira Nature Foods (NYSE: ANFI ) were looking rotten today, falling as much as 12% after reporting earnings this morning.
- [By Will Ashworth]
Amira Nature Foods�(ANFI) went public last October at $10 per share — and now the stock is trading around 40% higher than that offer price. Compared to IPOs in general, however, the past year’s been anything but smooth. ANFI dropped 19% on its first day of trading and didn’t rise above its offering price until early September.
- [By Jeremy Bowman]
What:�Shares of�Amira Nature Foods� (NYSE: ANFI ) were looking healthier today, gaining as much as 11% after the company named a new chief financial officer last night.
Top Prefered Companies For 2015: Enpro Industries (NPO)
EnPro Industries, Inc. designs, develops, manufactures, and markets engineered industrial products primarily in the United States and Europe. The company operates through three segments: Sealing Products, Engineered Products, and Engine Products and Services. The Sealing Products segment provides metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; resilient metal seals; elastomeric seals; expansion joints; heavy-duty truck wheel-end component systems, including brake products; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; safety-related signage for pipelines; bellows and bellow assemblies; pedestals for semiconductor manufacturing; polytetrafluoroethylene products; and sheeted rubber products. Its products are used in various industries, including chemical and petrochemical proc essing, petroleum extraction and refining, pulp and paper processing, heavy-duty trucking, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, aerospace, medical, filtration, and semiconductor fabrication. The Engineered Products segment offers bearing products and aluminum bushing blocks for use in automotive, pump and compressor, construction, power generation, and general industrial markets; and components for reciprocating compressors and engines in refining, petrochemical, natural gas gathering, and storage and transmission markets. The Engine Products and Services segment manufactures, sells, and services heavy-duty, medium-speed diesel, natural gas, and dual fuel reciprocating engines for shipyards, municipal utilities, institutional and industrial organizations, sewage treatment plants, nuclear power plants, and offshore oil and gas platforms. The company was founded in 2002 and is headquartered in Cha rlotte, North Carolina.
Advisors' Opinion:- [By Lisa Levin]
EnPro Industries (NYSE: NPO) shares rose 25.20% to $74.13. The volume of EnPro Industries shares traded was 2661% higher than normal. EnPro's Garlock won a trial on Asbestos liability. CL King upgraded the stock from Neutral to Buy.
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on EnPro Industries (NYSE: NPO ) , whose recent revenue and earnings are plotted below.
Top Life Sciences Companies To Own In Right Now: Haverty Furniture Companies Inc. (HVT)
Haverty Furniture Companies, Inc. operates as a specialty retailer of residential furniture and accessories. The company provides its products under the Havertys brand name. It also offers mattress products under the Sealy, Serta, and Tempur-Pedic names. In addition, the company provides financing through an internal revolving charge credit plan, as well as a third-party finance company. Its customers include college educated women in middle to upper-middle income households. Haverty Furniture Companies, Inc. sells home furnishings through its retail stores, as well as through its Website. As of March 31, 2013, the company operated was 121 retail stores. Haverty Furniture Companies, Inc. was founded in 1885 and is based in Atlanta, Georgia.
Advisors' Opinion:- [By Ben Levisohn]
Shares of La-Z-Boy have gained 11% to $27.02 at 1:54 p.m. today. Its performance is also giving other furniture stocks a boost. Flexsteel (FLXS) has risen 1% to $27.60, Hooker Furniture (HOFT) has jumped 1.6% to $17.12 and Ethan Allen International (ETH) has advanced 1.2% to $29.20. Haverty Furniture (HVT) has dipped 0.3% to $27.87.
- [By Ben Levisohn]
Haverty Furniture�(HVT) has gained 3.9% to $28.20 after the furniture retailer beat analyst forecasts.
Office Depot (ODP) has plunged 17% to $4.45 after missing earnings and revenue forecasts.�Home Depot (HD), however, has gained 2.2% to $79.60 after beating forecasts by two cents thanks to a stronger U.S. housing market.
Top Life Sciences Companies To Own In Right Now: Opko Health Inc(OPK)
OPKO Health, Inc., a pharmaceutical and diagnostics company, engages in the discovery, development, and commercialization of novel and proprietary technologies primarily in the United States, Chile, and Mexico. It provides a range of solutions, including molecular diagnostics tests, proprietary pharmaceuticals, and vaccines to diagnose, treat, and prevent neurological disorders, infectious diseases, oncology, and ophthalmologic diseases. The company offers molecular diagnostic platform technology for the rapid identification of molecules or immunobiomarkers; Alzheimer?s test for Alzheimer?s diagnostic; and protein-based influenza vaccines to provide multi-season and multi-strain protection against various influenza virus strains, such as seasonal influenza strains, as well as global influenza pandemic strains which include swine flu, and avian flu. It also offers Oligonucleotide Therapeutics for the treatment of various illnesses, including cancer, heart disease, metabolic disorders, and genetic anomalies; and oligosaccharide for asthma and chronic obstructive pulmonary diseases. In addition, the company provides Rolapitant, a potent and antagonist; neurokinin-1, which has completed Phase II clinical trials for prevention of chemotherapy induced nausea and vomiting, and post-operative induced nausea and vomiting; and SCH 900978 that has completed Phase II clinical trials for chronic cough. Further, it offers bevasiranib, a drug candidate for the treatment of Wet AMD; and develops Aquashunt, a shunt to be used in the treatment of glaucoma. Additionally, the company involves in the development, commercialization, and sale of ophthalmic diagnostic and imaging systems, and instrumentation products. OPKO Health, Inc. was founded in 2006 and is headquartered in Miami, Florida.
Advisors' Opinion:- [By Roberto Pedone]
Another healthcare player that insiders are jumping into here is Opko Health (OPK), which is a multi-national pharmaceutical and diagnostics company. Insiders are buying this stock into big time strength, since shares are up 76% in 2013.
Opko Health has a market cap of $3.4 billion and an enterprise value of $3.5 billion. This stock trades at a premium valuation, with a price-to-sales of 38.01 and a price-to-book at 4.01. Its estimated growth rate for this year is -218.2%. This is not a cash-rich company, since the total cash position on its balance sheet is $180.84 million and its total debt is $226.74 million.
The CEO just bought 19,400 shares, or about $171,000 worth of stock, at $8.79 to $8.90 per share. The same CEO also just bought 13,000 shares, or about $117,000 worth of stock, at $8.99 to $9.04 per share.
From a technical perspective, OPK is currently trending above its 200-day moving average and below its 50-day moving average, which is neutral trendwise. This stock has been downtrending over the last few weeks, with shares falling from its high of $11.64 to its recent low of $8.17 a share. During that downtrend, shares of OPK have been making mostly lower highs and lower lows, which is bearish technical price action.
If you're in the bull camp on OPK, then I would look for long-biased trades as long as this stock is trending above its 200-day at $8.31 or above more key support at $8.17, and then once it breaks out above some near-term overhead resistance at $9.20 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 5.53 million shares. If that breakout hits soon, then OPK will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day of $10.06 a share to $11.64 a share.
- [By John Udovich] SafeStitch Medical Inc. A developer and marketer of�best in class disposable medical devices to advance minimally invasive surgery for hernia repair, treatment of obesity and other gastroesophageal disorders, small cap SafeStitch Medical has developed and obtained FDA approval to market the AMID Hernia Fixation Device (HFD) for both inguinal and ventral hernia repairs. SafeStitch Medical has a couple of people behind it who are also involved in OPKO Health (NYSE: OPK)���a NYSE company with a $2.5 billion market cap. Moreover, these and other insiders were heavy buyers of the stock during the last private placement. On Wednesday, sank 18.57% to $0.855 (SFES has a 52 week trading range of $0.21 to $1.49 a share) for a market cap of $52.75 million but the stock is up 288.6% since the start of the year after surging this summer, up 42.5% over the past year and down 64.4% over the past five years.�
- [By GuruFocus]
Opko Health, Inc. (OPK): CEO & Chairman, 10% Owner Phillip Md Et Al Frost Bought 686,000 Shares
CEO & Chairman, 10% Owner of Opko Health, Inc. (OPK) Phillip Md Et Al Frost bought 686,000 shares during the past week at an average price of $7.93. Opko Health, Inc. was originally incorporated in Delaware in October 1991 under the name Cytoclonal Pharmaceutics, Inc. Opko Health, Inc. has a market cap of $3.24 billion; its shares were traded at around $7.93 with and P/S ratio of 28.01.
- [By GuruFocus]
Opko Health Inc. (OPK): CEO & Chairman, Director, 10% Owner Phillip Md Et Al Frost Bought 42,700 Shares
CEO & Chairman, Director, 10% Owner of Opko Health, Inc. (OPK) Phillip Md Et Al Frost bought 42,700 shares during the past week at an average price of $10.74. Opko Health, Inc. has a market cap of $4.33 billion; its shares were traded at around $10.74 with and P/S ratio of 39.84.
Top Life Sciences Companies To Own In Right Now: Telecom Italia S.P.A.(TI)
Telecom Italia S.p.A., together with its subsidiaries, provides fixed-line and mobile telecommunications, Internet, and media services. The company also operates in office and system solutions. Its portfolio ranges from consumer-focused convergent communications services to business-oriented advanced ICT solutions. The company?s integrated range of offerings, proprietary platforms, and network architecture leverage the potential of fixed-line and mobile broadband to offer convergent solutions for communication, Web surfing, always-in-touch services, and serve as a gateway to the digital world from the home, the office, and on the move, from fixed-line telephone, cell phone, PC, or TV. Its business portfolio covers various categories of business needs, from freelance professionals to SMEs, corporations, institutions, and public government bodies. The company?s Web offerings combine Italy?s Virgilio portal with Web 2.0 ventures, such as Yalp!, a TV community where users p ublish their own content and create their own TV channels. Its media operations span traditional broadcasting over analogue and digital networks, and mobile broadcasting through TIM/MTV partnership vehicle, MTV Mobile. The company has operations in Italy, Latin America, Germany, Holland, and the Mediterranean basin. As of December 31, 2009, it provided fixed telecommunications services with approximately 16.1 million physical accesses in Italy. The company?s wholesale customer portfolio consisted of approximately 6.2 million accesses for telephone services; and broadband portfolio had approximately 8.7 million accesses in Italy, as well as 30.8 million mobile telephone lines. Telecom Italia was founded in 1908 and is headquartered in Milan, Italy.
Advisors' Opinion:- [By Jon C. Ogg]
Telecom Italia SpA (NYSE: TI) was raised to Neutral from Underperform at J.P. Morgan.
Xilinx Inc. (NASDAQ: XLNX) was raised to Outperform from Sector Perform with a $55 price target (versus $a 46.54 close) at Pacific Crest.
- [By Sean Williams]
Don't forget the cash flow
With austerity measures hitting home in Europe, it's fairly easy to understand why Telecom Italia (NYSE: TI ) (NYSE: TI-A ) , Italy's largest telephone service provider, has struggled mightily. Unlike in the U.S., where a landline or cell phone are viewed as practical necessities, consumers in Italy have had no problem giving up their landlines, or businesses postponing their network expansion, until Italy's economy improves. In fact, in Telecom Italia's first-quarter report, we saw EBITDA decline 10%, to $3.5 billion, and overall sales dip 8%. - [By DAILYFINANCE]
Brent Lewin/Bloomberg via Getty Images NEW YORK -- Facebook (FB) is placing a $19 billion bet on reaching its next billion mobile users with the acquisition of WhatsApp, a popular messaging service that lets people send texts, photos and videos on their smartphones. The $19 billion deal is by far Facebook's largest and bigger than any that Google (GOOG), Microsoft (MSFT) or Apple (AAPL) have ever done. But it is likely to raise worries that Facebook and other technology companies are starting to become overzealous in their pursuit of promising new products and services, said Anthony Michael Sabino, a St. John's University business professor. "This could be seen as a microcosm of a bubble," Sabino said. "I expect there to be a lot of skepticism about this deal. People are going to look at this and say, 'Uh-oh, did they pay way too much for this?" Facebook, for its part, is taking the long view. WhatsApp has 450 million monthly users, 70 percent of whom use it every day. The service is adding a million new users a day. There are 19 billion messages sent and 34 billion received via WhatsApp each day, in addition to 600 million photos and 100 million video messages. At this rate, Facebook CEO Mark Zuckerberg is confident the app will reach a billion users. Services that reach that milestone, Zuckerberg said in a statement, "are all incredibly valuable." It's an elite group to be sure -- one that includes Google (which owns YouTube), Facebook itself and little else. Facebook said Wednesday that it's paying $12 billion in stock and $4 billion in cash for WhatsApp. In addition, the app's founders and employees -- 55 in all -- will be granted restricted stock worth $3 billion that will vest over four years after the deal closes. The transaction translates to roughly 11 percent of Facebook's market value. In comparison, Google's biggest deal was its $12.5 billion purchase of Motorola Mobility, while Microsoft's largest was Skype at $8.5 billion. Apple, meanwhil
- [By DAILYFINANCE]
Steven Senne/AP NEW YORK -- Target (TGT) massive data breach over the holidays helped push its fourth-quarter profit down 46 percent. The discount retailer also said Wednesday that sales fell 5.3 percent as the breach scared off customers. The nation's second-largest discounter also offered a profit outlook below Wall Street expectations as the costs of the breach that affected millions of credit and debit card customers linger. The discounter, based in Minneapolis, said it earned $520 million, or 81 cents a share, for the three months that ended Feb. 1. That compares with a profit of $961 million, or $1.47 a share a year earlier. Revenue fell to $21.5 billion from $22.7 billion. Revenue at stores open at least a year, an important retail measurement, fell 2.5 percent. Analysts had expected a profit of 80 cents on revenue of 21.5 billion, according to FactSet estimates. The breach resulted in $17 million of net expenses in the fourth quarter, Target said, with $61 million of total expenses partially offset by the recognition of a $44 million insurance receivable. Shares of Target rose 99 cents to $57.50 in premarket trading Wednesday as earnings results beat Wall Street estimates by a penny. The stock has fallen about 10 percent since the company disclosed the breach in mid-December. "As we plan for the new fiscal year, we will continue to work tirelessly to win back the confidence of our guests. We are encouraged that sales trends have improved in recent weeks," Gregg Steinhafel, chairman, president and CEO of Target, said in a statement. The results underscore the big challenges that Steinhafel faces. Even before the breach, Target has struggled with uneven sales since the recession as its middle-income shoppers are still not comfortable in spending. And the company has also grappled with the perception that its prices are too high. Critics also say that the discounter, known for its exclusive limited partnerships with designers, has lost its
Top Life Sciences Companies To Own In Right Now: Aerosonic Corporation(AIM)
Aerosonic Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of aircraft instruments worldwide. It offers mechanical and digital altimeters, airspeed indicators, rate of climb indicators, microprocessor controlled air data test sets, and other flight instruments. The company also produces mechanical and electro-mechanical cockpit instruments, angle of attack stall warning systems, digital cockpit instruments, integrated flight display systems, aircraft sensors and monitoring systems, and integrated multifunction probes, such as integrated air data sensors. It markets its products to manufacturers of corporate and private jets, contractors of military jets, the United States government, and private aircraft owners. The company sells its products directly through its sales personnel, as well as through distributors and commissioned sales representatives who resell to aircraft operators. Aerosonic Corporation was founded in 1953 and is b ased in Clearwater, Florida.
Advisors' Opinion:- [By Katia Dmitrieva]
Aimia (AIM) Inc.�� decision to move its Aeroplan reward-partnership to Toronto-Dominion (TD) Bank is a blow to Canadian Imperial Bank of Commerce, which stands to lose customers and as much as C$3 billion ($2.9 billion) in credit-card balances.
Top Life Sciences Companies To Own In Right Now: Dynamic Materials Corporation(BOOM)
Dynamic Materials Corporation, together with its subsidiaries, provides explosion-welded clad metal plates, oil field perforating equipment and explosives, and welding services worldwide. It operates in three segments: Explosive Metalworking, Oilfield Products, and AMK Welding. The Explosive Metalworking segment primarily manufactures explosion-welded clad metal plates that are used in the construction of heavy and corrosion resistant pressure vessels, and heat exchangers for oil and gas, alternative energy, chemical and petrochemical, hydrometallurgy, aluminum production, shipbuilding, power generation, and industrial refrigeration industries. This segment sells its products through senior management, direct sales personnel, program managers, and independent sales representatives. The Oilfield Products segment engages in the manufacture, marketing, and sale of perforating explosives and associated hardware, as well as seismic explosives for the oil and gas industry. Its p roducts include shaped charges, detonators, detonating cords, bidirectional boosters, and perforating guns for the perforation of oil and gas wells. This segment offers its products through direct selling, licensed distributors, independent sales representatives, and international distribution centers. The AMK Welding segment provides welding, heat treatment, and inspection services primarily to power turbine manufacturers, and commercial and military aircraft engine manufacturers. The company was formerly known as Explosive Fabricators, Inc. and changed its name to Dynamic Materials Corporation in 1994. Dynamic Materials Corporation was founded in 1965 and is headquartered in Boulder, Colorado.
Advisors' Opinion:- [By Chris Hill]
In this installment of Motley Fool Money, our analysts talk about why they're watching Dynamic Materials (NASDAQ: BOOM ) , Gentex (NASDAQ: GNTX ) , and Western Union (NYSE: WU ) .
Top Life Sciences Companies To Own In Right Now: NextEra Energy Inc. (NEE)
NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. As of December 31, 2010, NextEra Energy had approximately 43,000 mega watts of generating capacity. The company involves in the generation of renewable energy from wind and solar projects. It also generates electricity through natural gas, nuclear, oil and coal, and hydro power plants. The company serves approximately 8.7 million people through approximately 4.5 million customer accounts in the east and lower west coasts of Florida. In addition, it leases wholesale fiber-optic network capacity and dark fiber to telephone, wireless carriers, Internet, and other telecommunications companies. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in May 2010. NextEra Energy, Inc. was founded in 1984 and is headquartered in Juno Beach, Florida.
Advisors' Opinion:- [By Justin Loiseau]
NextEra Energy (NYSE: NEE ) announced Friday that it's teaming up with Spectra Energy (NYSE: SE ) to improve Florida's natural gas infrastructure. NextEra subsidiary Florida Power & Light had previously put out a request for proposals to improve its offerings, and this project beat out the next closest idea by almost $600 million.
- [By Justin Loiseau]
3. NextEra Energy (NYSE: NEE ) , the nation's largest renewable-energy utility, relies on more than 10,000 net MW of wind across 100 farms for 57% of its total capacity.
- [By Justin Loiseau]
NextEra Energy� (NYSE: NEE ) �announced in April that its own�nuclear uprate exceeded expectations, adding another 500 MW of capacity instead of the original 400 MW project. As the largest wind producer in the nation, NextEra is also nabbing efficiencies on some of its newer projects. According to NextEra's Florida Power & Light president, Eric Silagy, "[this] investment added the equivalent of a new, medium-sized power plant to Florida's generation fleet, without having to build one."
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