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Gabelli Lowering Estimates On Black Hills Corp (BKH)
Thursday, May 12, 2011 - 8:53am | 132Gabelli & Co. is lowering its 2012 estimates on shares of Black Hills Corp (NYSE: BKH). It has a Hold rating on shares. In a note to investors, Gabelli writes, "We are lowering our 2011 and 2012 EPS estimates to $1.75 and $1.95, from $1.95 and $2.10 respectively, in reflection of weak non-...
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DTE Energy Broadens Deployment of Itron OpenWay Solution and Selects Tropos Networks Technology for its SmartCurrents Project
Thursday, May 12, 2011 - 8:48am | 77Itron Inc. (NASDAQ: ITRI) and Tropos Networks announced today that DTE Energy (NYSE: DTE) has selected solutions from Itron and Tropos for its $168 million SmartCurrents program. SmartCurrents is DTE Energy's first smart grid program and is targeted at modernizing the electric grid, improving...
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Ormat Technologies Secures $20 Million Contract for its Product Segment Backlog
Thursday, May 12, 2011 - 8:11am | 80Ormat Technologies, Inc. (NYSE: ORA) today announced that its subsidiary entered into a supply contract with Norske Skog Tasman Limited of New Zealand ("Norske Skog") to supply a new geothermal power plant that is to be constructed in the Kawerau Geothermal Field in New Zealand. The contract is...
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Ormat Technologies Secures $20 Million Contract for its Product Segment Backlog (ORA)
Thursday, May 12, 2011 - 8:03am | 78Ormat Technologies, Inc. (NYSE: ORA) today announced that its subsidiary entered into a supply contract with Norske Skog Tasman Limited of New Zealand to supply a new geothermal power plant that is to be constructed in the Kawerau Geothermal Field in New Zealand. The contract is valued at a total...
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Brean Murray Carret & Co. Raises PT On CWCO To $13
Thursday, May 12, 2011 - 8:00am | 170Brean Murray Carret & Co. has raised its price target from $12 to $13 on Consolidated Water Co. (NASDAQ: CWCO) following the release of 1Q11 results. According to Brean Murray Carret & Co., “1Q11 results cam in just short of expectations, primarily due to higher costs related to the...
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Ladenburg Thalmann Raises PT On PNM Resources To $16.50
Thursday, May 12, 2011 - 7:54am | 27Ladenburg Thalmann has raised the price target on PNM Resources (NYSE: PNM) from $15 to $16.50 and maintains its Neutral rating.
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Ladenburg Thalmann Raises PT On Dynegy To $6
Thursday, May 12, 2011 - 7:52am | 26Ladenburg Thalmann has raised the price target on Dynegy (NYSE: DYN) from $5.50 to $6 and maintains its Neutral rating.
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Brean Murray Raises PT On Consolidated Water To $13
Thursday, May 12, 2011 - 7:29am | 29Brean Murray Carret & Co. has raised the price target on Consolidated Water (NASDAQ: CWCO) from $12 to $13 and maintains its Buy rating.
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Wunderlich Securities Comments on Spectra Energy Acquisition (SEP, EQT)
Thursday, May 12, 2011 - 6:32am | 123Wunderlich Securities commented on Spectra Energy Partners' (NYSE: SEP) announced acquisition of EQT Corporation (NYSE: EQT). In a research report published today, Wunderlich states, "Spectra Energy Partners announced it entered into a definitive agreement with EQT Corporation (EQT-NR) to acquire...
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Mad Money Lightning Round: Cramer Dislikes Bank of America (BAC, CLNE, MERC, LTD, DUK, ED, D, SCCO, NG)
Thursday, May 12, 2011 - 12:59am | 307On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Bank of America (NYSE: BAC) is a “dead stock.” He added, “There is no catalyst ahead. It's not a good stock and I can't recommend it." For Clean Energy Fuels (NASDAQ: CLNE), he said, "A chain of natural gas stations are in our...
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Spectra Energy Partners to Acquire the Big Sandy Pipeline from EQT Corporation for $390M
Wednesday, May 11, 2011 - 4:30pm | 58Spectra Energy Partners, LP (NYSE: SEP) today announced it has entered into a definitive agreement with EQT Corporation (NYSE: EQT) to acquire all of the ownership interests of Big Sandy Pipeline, LLC for approximately $390 million in cash, subject to customary closing adjustments.
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Integrys Energy Group, Inc. Declares Dividend on Common Stock of $0.68/Share (TEG)
Wednesday, May 11, 2011 - 10:42am | 56The Board of Directors of Integrys Energy Group, Inc. (NYSE: TEG) has declared a quarterly dividend of $0.68 per share on common stock, payable on June 20, 2011, to shareholders of record May 31, 2011. With this payment, Integrys Energy Group will now have paid a dividend to its shareholders for...
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KeyBanc Downgrades IDACORP to Hold (IDA)
Wednesday, May 11, 2011 - 9:59am | 177KeyBanc downgraded its rating on IDACORP (NYSE: IDA) from Buy to Hold. In a research report published today, KeyBanc stressed that recent strong performance of IDACORP's shares has moved it past KeyBanc's price target. As a result, KeyBanc decided there was no reason for it to keep a Buy rating on...
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CEO Alan Hodnik Named Chair of ALLETE Board of Directors
Wednesday, May 11, 2011 - 9:06am | 36ALLETE, Inc. (NYSE: ALE) has named President and Chief Executive Officer Alan R. Hodnik to succeed Don Shippar as Chair of the ALLETE Board of Directors effective May 10, 2011.
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Fast Money Picks For May 11th (VALE, SO, BHP)
Tuesday, May 10, 2011 - 7:16pm | 167On CNBC's Fast Money, Tim Seymour said that he would buy Vale (ADR) (NYSE: VALE) on Wednesday. Vale (ADR) (VALE) gained 0.48% today, and it closed at $31.47. Steve Cortes thinks that The Southern Company (NYSE: SO) should be bought tomorrow. The Southern Company (SO) gained 0.48% on Tuesday, and...