--
Price: $56.30, Change: $-7.53, Percent Change: -11.80%
Related Articles
Commodities
New York Authorities Approve 3 Wind, Solar Projects Totaling 343 MW
The New York State Office of Renewable Energy Siting and Electric Transmission, or ORES, has issued final siting permits to AES (AES) unit AES Clean Power, enabling it to proceed with three wind and solar power generation projects, totaling 343 megawatts, it said last week.Altona Wind in the namesake town will produce up to 107.5 MW, Clinton Wind in Clinton, New York, will generate up to 110.5 MW, and Sugar Maple Solar spread across Croghan and Wilna, will generate up to 125 MW, a statement said.With the issue of the three permits, ORES has now endorsed a total of 35 wind and solar projects with a combined capacity of 5.1 gigawatts, it said, all of which will feed into New York's grid.The Altona and Clinton wind projects will involve repowering, replacing aging, existing turbines there with more efficient ones along with improvements to substations.Fewer turbines will be required overall but the sites' output capacity will rise by 20 MW, the statement said.Clinton will operate from 2028 and Altona from 2029. Residents near the sites will benefit from a share of utility bill credits over 10 years totaling $2.18 million.
$AES
Asia
Hulic's Profit Climbs 5.6% in Q1
Hulic's (TYO:3003) profit attributable to owners of the parent rose 5.6% to 18.1 billion yen in the first quarter from 17.2 billion yen a year earlier.The real estate and insurance company's earnings per share increased to 23.89 yen from 22.57 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales jumped 45% to 226.8 billion yen in Q1 from 156.6 billion yen in the prior-year period.For the full year, the company expects attributable profit of 121 billion yen and EPS of 159.41 yen.Hulic plans to pay interim and year-end dividends of 33.50 yen per share each for the year, which is higher than the amount paid the previous year
$TYO:3003
Research
KeyBanc Upgrades MSC Industrial Direct to Overweight From Sector Weight, Sets $117 Price Target
MSC Industrial Direct (MSM) has an average rating of hold and mean price target of $98.80, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
$MSM