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Goldman Sachs Upgrades/Downgrades For 6/12
Monday, June 13, 2011 - 6:42am | 63Goldman Sachs has changed the ratings on the following companies: Public Service Enterprise Group (NYSE: PEG) from Neutral to Buy Great Plains Energy (NYSE: GXP) from Neutral to Buy Pinnacle West Capital Corporation (NYSE: PNW) from Buy to Neutral
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ETF Showdown: A Dash For Trash
Friday, June 10, 2011 - 3:06pm | 430Take off those white gloves and prepare to get dirty because there might just be something to investing in trash. No, this won't require actually rummaging through dumpsters, but this week's “ETF Showdown” is one various organized crime folks populating the Northeast may love because we're pitting...
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Texas Supreme Court Denies Rehearing of CenterPoint Energy's True-Up Appeal
Friday, June 10, 2011 - 2:00pm | 49CenterPoint Energy, Inc. (NYSE: CNP) today announced that the Texas Supreme Court has denied all motions for rehearing in its true-up appeal. The matter will now move to the Texas Public Utility Commission for action consistent with the Court's March 18, 2011 decision.
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American Water Awarded Two Wastewater Contracts for Residential Developments in Massachusetts
Friday, June 10, 2011 - 1:45pm | 126American Water (NYSE: AWK) announced today that its subsidiary, Applied Water Management, has been awarded two contracts for wastewater treatment facilities in Massachusetts. The company was awarded a $734,000 contract from Abbot Mill, LLC for an onsite wastewater treatment system in the newly...
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Guggenheim ABCS Gives Us A-B-C But No Y
Friday, June 10, 2011 - 1:18pm | 488The ABC acronym stands for Australia, Brazil, and Canada. The Guggenheim ABC High Dividend ETF (ABCS), launched earlier this week (6/8/11), packages the ten highest yielding stocks from each country into a convenient ETF format. The 30 securities consist of U.S. listed ADRs from all three...
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NiSource Issues $400 Million of 30-Year Notes
Friday, June 10, 2011 - 10:09am | 74NiSource Inc. (NYSE: NI) today announced that its finance subsidiary, NiSource Finance Corp., has completed the sale of $400 million aggregate principal amount of 5.95% Notes due 2041 in an underwritten public offering. NiSource will fully and unconditionally guarantee NiSource Finance's...
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Synthesis Energy Systems Announces $5.0 Million Strategic Equity Investment from Zuari Industries
Friday, June 10, 2011 - 9:31am | 48Synthesis Energy Systems, Inc. (Nasdaq: SYMX) announced today a $5.0 million strategic investment from Zuari Industries Limited of India in exchange for approximately 2.2 million shares of SES common stock. Zuari is one of India's leading industrial companies in the fertilizer sector.
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Jefferies & Company Reports on PPL
Friday, June 10, 2011 - 8:46am | 128Jefferies & Company commented on PPL (NYSE: PPL) in a report released today. In the report, Jefferies was positive in its assessment of the company. Jefferies writes, "We disagree with investors who use a discount multiple for the UK utility businesses. UK investors trade regional electric...
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Credit Suisse's Rating and Price Target Changes 6/10
Friday, June 10, 2011 - 6:50am | 362Credit Suisse made a number of rating and price target changes in a research report published today. Dollarama Inc. (DLMAF) was upgraded to Outperform from Neutral. At the same time, Credit Suisse raised its price target to C$37 from C$34. In the report, Credit Suisse states, "Management's...
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PNM Resources' Texas Utility Files Smart Meter $113.4M Settlement
Thursday, June 9, 2011 - 4:03pm | 88PNM Resources' (NYSE: PNM) transmission and distribution utility in Texas, TNMP, today filed a proposed settlement regarding its request to recover the costs of installing an Advanced Metering System throughout its service area. Filed with the Public Utility Commission of Texas, the unopposed...
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Water Energy Stock News Alert: Aqua America, Inc. (NYSE: WTR) Discusses Its Role in the Water/Energy Relationship
Thursday, June 9, 2011 - 1:03pm | 930Point Roberts, WA - June 9,2011 – Investorideas.com , a leader in sector research including water stocks issues a trading alert for water stocks June 9th. The snapshot also looks at two water companies focusing on the water- energy relationship and solutions. Aqua America, Inc. (NYSE: WTR)...
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Ladenburg Thalmann Initiates Aqua America Coverage With Buy, $25 PT
Thursday, June 9, 2011 - 12:35pm | 102Ladenburg Thalmann initated Aqua America (NYSE: WTR) coverage with a Buy rating and $25 price target in a research report published today. In the report, Ladenburg Thalmann states, "For over a decade, Aqua has delivered industry leading results by nearly every financial and operational metric on...
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Ormat Technologies Offered Conditional Commitment for $350M DOE Loan Guarantee
Thursday, June 9, 2011 - 11:33am | 65Ormat Technologies, Inc. (NYSE: ORA) today announced its subsidiary, Ormat Nevada Inc. received an offer of a conditional commitment from the DOE that would provide a partial guarantee for up to a $350 million loan to support a geothermal power project expected to generate up to 121 MW of power...
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AEP Shares Plan for Compliance With Proposed EPA Regulations
Thursday, June 9, 2011 - 9:59am | 233American Electric Power (NYSE: AEP) today announced the company's plan for complying with a series of regulations proposed by the U.S. Environmental Protection Agency that would impact coal-fueled power plants. Based on the regulations as proposed, AEP's compliance plan would retire nearly 6,000...
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Citi Reiterates Hold and PT of $46 on PG&E Corporation
Thursday, June 9, 2011 - 9:10am | 61Citi reiterated its Hold rating and PT of $46 on PG&E Corporation (NYSE: PCG). In a research report published today, Citi revised downwards its earnings per share estimates for the next three years. Citi's new EPS estimates are $3.51 for 2011 (from $3.70), $3.68 for 2012 (from $3.82) and $3.93...