RENO, Nev. (AP) -- Apple (NASDAQ: AAPL ) said it will pay for construction of an 18-megawatt photovoltaic solar plant in northern�Nevada�to provide power for a data center the technology giant plans east of Reno.
The Fort Churchill Solar Array, to be built in Yerington, was included in a filing Monday by NV Energy (NYSE: NVE ) with the Public Utilities Commission.
Apple announced plans last year to build the data center. The solar generating plant would be located in Lyon County, south of that facility. The solar plant proposal must be approved by state regulators, a process that could take several months.
In a statement, Apple said the solar project would provide renewable energy for the data center and add clean energy to the power grid.
"All of Apple's data centers use 100 percent renewable energy and we are on track to meet that goal in our new Reno data center using the latest in high-efficiency concentrating solar panels," the company said.
Top Stocks To Watch For 2015: Sport Chalet Inc.(SPCHB)
Sport Chalet, Inc. operates specialty sporting goods stores in California, Nevada, Arizona, and Utah. Its stores offer traditional sporting goods merchandise, including footwear, apparel, and other general athletic products; and core specialty merchandise, such as snowboarding, skateboarding, mountaineering, and scuba. The company?s stores also offer various services for the sports enthusiast, including backpacking, canyoneering and kayaking instruction, custom golf club fitting, snowboard and ski rental and repair, scuba training and certification, scuba boat charters, team sales, racquet stringing, and bicycle tune-up and repair. As of July 3, 2011, it operated 54 store locations; and an online store at sportchalet.com. The company was founded in 1959 and is based in La Ca�da, California.
Advisors' Opinion:- [By Monica Gerson]
Sport Chalet (NASDAQ: SPCHB) is projected to post its quarterly earnings.
Investors Real Estate Trust (NYSE: IRET) is estimated to post its Q4 earnings at $0.17 per share on revenue of $67.73 million.
Top 10 Clean Energy Stocks For 2014: Hecla Mining Co (HL)
Hecla Mining Company, incorporated on August 7, 2006, is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc. The Company operates in two segments: the Greens Creek unit and the Lucky Friday unit. Its wholly-owned subsidiary is Hecla Alaska LLC. The Company produces zinc, lead and bulk concentrates at its Greens Creek unit and lead and zinc concentrates at its Lucky Friday unit, which it sells to custom smelters on contract, and unrefined gold and silver bullion bars (dore) at Greens Creek, which are sold directly to customers or further refined before sale to precious metals traders. The concentrates produced at its Greens Creek and Lucky Friday units contain payable silver, zinc and lead, and the concentrates produced at Greens Creek also contain payable gold. During the year ended December 31, 2012, the Company produced 6,394,235 ounces of silver, 55,496 ounces of gold, 21,074 tons of lead and 64,249 tons of Zinc. Effective February 26, 2013, Hecla Mining Company, through its wholly owned subsidiary, acquired a 24.73% stake in Brixton Metals Corp. In June 2013, the Company announced that its acquisition of Aurizon Mines Ltd is complete.
The Greens Creek Unit
Greens Creek is located on Admiralty Island, near Juneau, Alaska. The Greens Creek unit is 100% owned. During the year ended December 31, 2012, Greens Creek contributed 100%, of its consolidated revenue.
The Lucky Friday unit
The Lucky Friday unit is located in northern Idaho. Lucky Friday is 100% owned by the company.
Advisors' Opinion:- [By Ben Levisohn]
Knapp and Slover were also kind enough to provide a screen of stocks that could outperform. They started with the Russell 2000, removed the smallest 40% based on market cap (the aforementioned liquidity issues), then selected the 5% worst performers from among the 30% cheapest stocks based on book-to-price. The result is a bunch of names you never heard of, including Infinity Pharmaceuticals (INFI), Fusion-IO (FIO), Walter Energy (WLT), Hecla Mining (HL) and Molycorp�(MCP).
- [By Rich Duprey]
Silver miner Hecla Mining (NYSE: HL ) has completed the acquisition of Aurizon Mines, for which it paid approximately $760 million, the company announced today.
Top 10 Clean Energy Stocks For 2014: Radioshack Corporation(RSH)
RadioShack Corporation engages in the retail sale of consumer electronic goods and services through its RadioShack store chain and kiosk operations. Its products include postpaid and prepaid wireless handsets and communication devices, such as scanners and global positioning system (GPS) products; home entertainment, wireless, music, computer, video game, and GPS accessories; media storage, power adapters, digital imaging products, and headphones; home audio and video end-products, personal computing products, residential telephones, and voice over Internet protocol products; digital cameras, digital music players, toys, satellite radios, video gaming hardware, camcorders, and general radios; general and special purpose batteries and battery chargers; and wires and cables, connectivity products, components and tools, and hobby products. The company also provides consumers access to third-party services, such as prepaid wireless airtime and extended service plans in its ser vice platform. In addition, it manufactures various products, including telephones, antennas, wires, and cable products, as well as various hard-to-find parts and accessories for consumer electronics products; and provides repair services. As of March 31, 2011, the company operated 4,467 company-operated retail stores under the RadioShack brand name in the United States; and 1,304 kiosks located in Target and Sam?s Club stores. As of December 31, 2010, it operated 211 company-operated stores under the RadioShack brand, 9 dealers, and 1 distribution center in Mexico; a network of 1,207 RadioShack dealer outlets, including 34 located outside of North America; and 4 distribution centers in the United States. Further, the company sells its products through its Website, radioshack.com. RadioShack Corporation was founded in 1899 and is based in Fort Worth, Texas.
Advisors' Opinion:- [By Lawrence Meyers]
I don’t like LEAP, and neither should you.
Stocks to Short #4: RadioShack (RSH)You might call me crazy for saying that RadioShack (RSH) is a stock to short at all of $2.67 per share, but I just don�� think RSH stock is going to survive.
Top 10 Clean Energy Stocks For 2014: Raiffeisen Bank International AG (RBI)
Raiffeisen Bank International AG (RBI) is an Austria-based bank that focuses on corporate and retail banking sector. The Bank offers a range of products and consulting services, as well as market knowledge. The Bank�� products and solutions include financing, leasing, investing, hedging, trade & export finance, investment banking, cash management, payment services, custody & fund services, and cards, among others. RBI is organized into seven segments: the Central Europe segment encompassed the banking markets in the European Union countries in Central and Eastern Europe (CEE) region; the Southeastern Europe segment comprises Albania, Bosnia and Herzegovina, Bulgaria and Croatia, among others; the Commonwealth of Independent States (CIS) other segment comprises Belarus, Kazakhstan and Ukraine; the Group Corporates segment covers business with corporate customers of the Bank; the Group Markets segment covers capital market customers and business; Corporate Center, and Russia. Advisors' Opinion:- [By Rebecca Bundhun]
The Reserve Bank of India (RBI) recently banned banks from issuing loans under the ��0:20 scheme�� which, through a three-way agreement between the lender, the developer, and the homebuyer, allowed the customer to pay 20% upfront, while the remainder of the loan would be issued to the developer, regardless of the stage of construction.
Top 10 Clean Energy Stocks For 2014: Sonoco Products Company(SON)
Sonoco Products Company provides industrial and consumer packaging products, and packaging services worldwide. It offers composite paperboard cans; paperboard packages; fiber cartridges; layered bottles and jars; laminated tubs, cups, and spools; consumer and institutional trays; and aluminum, steel, and peelable membrane easy-open closures, as well as flexible packaging, product design, tool design, fabrication, and manufacturing services. The company also produces paperboard tubes, cores, roll packaging, molded plugs, pallets, pallet components, concrete forms, rotary die boards, recycled paperboard, chipboard, tube board, lightweight corestock, boxboard, linerboard, corrugating medium, specialty grades, and recovered paper products; and steel, nailed wooden, plywood, recycled, and polyfiber reels, as well as recycles old corrugated container, paper, plastic, metal, and glass materials. In addition, it manufactures custom-printed glass covers and coasters; offers custom packing, fulfillment, and primary package filling services, as well as operates scalable service centers; contract packaging, co-packing, and fulfillment services; and temporary, semipermanent, and permanent point-of-purchase displays. Further, the company provides fabricated foam, corrugated paperboard, molded EPS and EPP, antistatic fabricated foam solutions, nesting and stacking trays, molded foam dunnage, totes and tote inserts, energy-absorbing and flotation components, and insulation components, as well as contract package testing service. Additionally, it offers insulated shippers, durable transport chests, gel packs, phase change materials, lab/pharma/diagnostic specimen transport, refrigerant materials, edge and corner protection, and temperature assurance solutions; high-visibility packaging and printed products; and blister packaging machines. The company, formerly known as Southern Novelty Company, was founded in 1899 and is based in Hartsville, South Carolina. Advisors' Opinion:
- [By David Fish]
Once known as the Southern Novelty Company, Sonoco Products (SON) is a leading producer of paper-based tubes and cores, flexible packaging, rigid plastic containers, cylinder paperboard, wire and cable reels, and point-of-purchase displays.
- [By Seth Jayson]
Sonoco Products (NYSE: SON ) reported earnings on April 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Sonoco Products missed estimates on revenues and missed estimates on earnings per share. - [By Rich Duprey]
While it's not a done deal just yet, consumer packaging specialist Sonoco� (NYSE: SON ) announced yesterday it will consult with the workforce of its�Carrickmacross, Ireland, facility regarding its closure come Nov. 1.
- [By Shauna O'Brien]
Goldman Sachs reported on Friday that it has cut its rating on Sonoco Products Company (SON).
The firm has downgraded SON from “Neutral” to “Sell,” and has maintained its current $36 price target. This price target suggests a 9% upside from the stock’s current price of $39.58.
An analyst from the firm noted: “We downgrade SON to Sell (relative to our coverage) from Neutral on a lower projected EPS CAGR through 2015 (7% vs. 15% for group) and relative valuation ��SON shares are trading at 15.4X 2014E P/E, ahead of the Packaging group average at 14.6X, and its 5-year historical average of 13.2X. However, our 3Q EPS for SON is largely in line with consensus and we do not expect the 3Q print to be a catalyst for underperformance.”
Sonoco Products shares were mostly flat during pre-market trading Friday. The stock is up 33% YTD.
Top 10 Clean Energy Stocks For 2014: Emera Inc (EMRAF.PK)
Emera Incorporated (Emera) is an energy and services company. The Company invests in electricity generation, transmission and distribution, gas transmission and utility energy services. As of December 31, 2011, its subsidiaries include Nova Scotia Power Inc. (NSPI), an integrated electric utility and the primary electricity supplier in Nova Scotia; Bangor Hydro Electric Company (Bangor Hydro) and Maine Public Service Company (MPS), (a wholly owned subsidiary of Maine and Maritimes Corporation (MAM)), which together provide transmission and distribution services, and Emera Brunswick Pipeline Company Limited (Brunswick Pipeline). In December 2011, its subsidiary, Emera Utility Services Inc. acquired utility line and communications construction, installation and maintenance business of Green's Service Station Ltd. In November 2013, the Company purchased three combined-cycle natural gas-fired electricity generating facilities in New England from Capital Power Corporation. Advisors' Opinion:- [By Markus Aarnio]
3. Emera Incorporated (EMRAF.PK) engages in the generation, transmission, and distribution of electricity to various customers. Emera's strategic energy services and infrastructure include electric utilities in the Northeastern US, Atlantic Canada, St. Lucia, Grand Bahama and Barbados, a pumped storage hydro-electric facility, natural gas pipelines, a gas-fired power plant, an energy services company and a renewable tidal energy company.
Top 10 Clean Energy Stocks For 2014: Prana Biotechnology Ltd (PRAN)
Prana Biotechnology Limited engages in the research and development of therapeutic drugs for the treatment of neurological disorders in Australia. The company primarily focuses on the Alzheimer�s, Parkinson�s, and Huntington�s diseases, as well as various cancer, age-related macular degeneration and cataract, Motor Neuron, and Creutzfeldt-Jakob diseases. Its development stage product line comprises PBT2, a Phase IIb clinical trial product for the treatment of Alzheimer�s disease; and PBT2, a Phase IIa clinical trial product for the treatment of Huntington�s disease. The company was formerly known as Prana Corporation Ltd. and changed its name to Prana Biotechnology Limited in January 2000. Prana Biotechnology Limited was founded in 1997 and is based in Parkville, Australia.
Advisors' Opinion:- [By Roberto Pedone]
Another under-$10 biotechnology player that's starting to trend within range of triggering a major breakout trade is Prana Biotechnology (PRAN), which researches and develops therapeutic drugs for the treatment of neurological disorders in Australia. This stock has been crushed by the bears so far in 2014, with shares off huge by 69%.
If you look at the chart for Prana Biotechnology, you'll notice that this stock recently formed a double bottom chart pattern at $1.90 to $2 a share right above its 50-day moving average of $1.84 a share. Shares of PRAN have been consolidating and moving sideways above its 50-day for the last few weeks. This stock is now starting to spike higher today right above those near-term support levels, and it's quickly pushing within range of triggering a major breakout trade above some key overhead resistance levels.
Market players should now look for long-biased trades in PRAN if it manages to break out above some near-term overhead resistance levels at $2.22 to $2.35 a share and then above some past overhead resistance at $2.47 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 1.98 million shares. If that breakout triggers soon, then PRAN will set up to re-test or possibly take out its gap-down-day high from April at $3.24 a share. Any high-volume move above that level will then give PRAN a chance to re-fill some of its previous gap-down-day zone that started at $10.30 a share.
Traders can look to buy PRAN off weakness to anticipate that breakout and simply use a stop that sits just below its 50-day moving average of $1.84 a share. One can also buy PRAN off strength once it starts to move above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
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