Company News for July 12, 2016
Zacks Equity Research - Zacks Investment Research - Tue Jul 12, 9:10AM CDT
Companies In The News are: KMI,SO,SGNT,BA,OZRK
KMI: 19.81 (+0.59), SGNT: 21.67 (+0.02), BA: 130.81 (-1.23), SO: 52.84 (-0.95), OZRK: 40.22 (+1.01)
Alliance Data and Kinder Morgan rise; Eversource falls
AP - Mon Jul 11, 3:23PM CDT
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday:
NFLX: 95.97 (+1.30), KMI: 19.81 (+0.59), SGNT: 21.67 (+0.02), BA: 130.81 (-1.23), SO: 52.84 (-0.95), ADS: 213.17 (+2.78)
Top 7 Research Reports for July 11, 2016
Sheraz Mian - Zacks Investment Research - Mon Jul 11, 12:50PM CDT
Top 7 Research Reports for July 11, 2016
GILD: 86.63 (+0.38), MO: 68.87 (-1.00), PG: 85.75 (unch), SO: 52.84 (-0.95), NVS: 81.68 (-0.63)
Fitch: Southern Co's Ratings Unchanged by Gas Pipeline Venture with KMI
BusinessWire - Mon Jul 11, 12:16PM CDT
Fitch Ratings expects Southern Company's ('A-'/Outlook Stable) gas pipeline joint venture with a subsidiary of Kinder Morgan, Inc. (KMI, 'BBB-'/Outlook Stable) to have no impact on its credit ratings. Fitch expects that Southern Company will fund the acquisition and future growth investments at the JV as well as at Southern Power Company in a credit supportive manner.
KMI: 19.81 (+0.59), SO: 52.84 (-0.95)
Southern Company unveils new brand
PR Newswire - Mon Jul 11, 11:00AM CDT
As Southern Company (NYSE: SO) expands its business model to increase its natural gas presence, the company today unveiled a new corporate brand. The company also announced that its newest subsidiary, AGL Resources, has been renamed Southern Company Gas.
SO: 52.84 (-0.95)
Southern Company Arm Buys 74-MW Rutherford Farm Facility
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 9:04AM CDT
Southern Power, a subsidiary of leading energy utility firm Southern Company (SO), along with Turner Renewable Energy declared the purchase of Rutherford Farm facility from Cypress Creek Renewables.
KEP: 26.07 (-0.37), BKH: 62.05 (-0.72), SO: 52.84 (-0.95)
Kinder Morgan-Southern Company Natural Gas Pipeline Deal
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 9:01AM CDT
Kinder Morgan, Inc. (KMI) and Southern Company (SO) have entered into a natural gas pipeline venture intended to enhance both companies' leadership in energy infrastructure development.
SOL: 1.25 (unch), KMI: 19.81 (+0.59), FF: 11.45 (+0.26), SO: 52.84 (-0.95)
Kinder Morgan Announces Conference Call to Discuss Strategic Venture
BusinessWire - Sun Jul 10, 5:05PM CDT
Kinder Morgan, Inc. (NYSE:KMI) and Southern Company (NYSE:SO) today issued a press release announcing a strategic natural gas pipeline venture through Southern Company's acquisition of a 50 percent equity interest in the Southern Natural Gas pipeline system.
KMI: 19.81 (+0.59), SO: 52.84 (-0.95)
Southern Company, Kinder Morgan Enter Southern Natural Gas Pipeline Strategic Venture
BusinessWire - Sun Jul 10, 5:00PM CDT
Southern Company (NYSE:SO) and Kinder Morgan, Inc. (NYSE: KMI) today announced a natural gas pipeline venture designed to advance both companies' leadership in energy infrastructure development through Southern Company's acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system. Kinder Morgan will continue to operate the system. In addition, the agreement commits the companies to cooperatively pursue specific growth opportunities to develop natural gas infrastructure for the strategic venture.
KMI: 19.81 (+0.59), SO: 52.84 (-0.95)
Southern Company, Kinder Morgan enter Southern Natural Gas pipeline strategic venture
PR Newswire - Sun Jul 10, 5:00PM CDT
Southern Company (NYSE: SO) and Kinder Morgan, Inc. (NYSE: KMI) today announced a natural gas pipeline venture designed to advance both companies' leadership in energy infrastructure development through Southern Company's acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system. Kinder Morgan will continue to operate the system. In addition, the agreement commits the companies to cooperatively pursue specific growth opportunities to develop natural gas infrastructure for the strategic venture.
KMI: 19.81 (+0.59), SO: 52.84 (-0.95)
Southern Company awarded for employee safety competition
PR Newswire - Fri Jul 08, 11:00AM CDT
Southern Company has earned the 2016 Industry Excellence Award for Safety from the Southeastern Electric Exchange (SEE) for the company's "SO Safe" employee competition - a collaborative internal effort that generated more than 900 ideas to improve safety for the company and industry. SEE, an association of investor-owned electric utility companies, recognized Southern Company at an awards ceremony Wednesday, June 29 in New Orleans.
SO: 52.84 (-0.95)
SunPower (SPWR) Gets Lion's Share of France's ZNI Tender
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 9:58AM CDT
SunPower Corporation (SPWR) is successful in winning 76% of the French government's tender for supplying the country's ZNI (non-interconnected zones) with green energy and power storage.
SOL: 1.25 (unch), FSLR: 46.99 (+0.50), SPWR: 15.23 (+0.25), SO: 52.84 (-0.95)
Southern Company Purchases 102-MW Lamesa Solar Farm
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 8:24AM CDT
Southern Power, a subsidiary of leading energy utility firm Southern Company (SO), declared the purchase of Lamesa Solar Facility, with 102-megawatt capacity, from RES America Developments Inc.
KEP: 26.07 (-0.37), BKH: 62.05 (-0.72), SO: 52.84 (-0.95), SPKE: 28.59 (-0.04)
Southern Company subsidiary expands solar portfolio with acquisition in North Carolina
PR Newswire - Fri Jul 08, 8:00AM CDT
Southern Company subsidiary Southern Power and Turner Renewable Energy today announced the acquisition of the companies' second solar project in North Carolina - the approximately 74-megawatt (MW) Rutherford Farm facility - from Cypress Creek Renewables.
SO: 52.84 (-0.95)
RES Announces Agreement to Construct and Operate the Lamesa Solar Facility
PR Newswire - Thu Jul 07, 12:08PM CDT
Renewable Energy Systems (RES), a leader in the development, engineering, and construction of wind, solar, transmission, and energy storage projects in the Americas, is pleased to announce it will construct and serve as the operations and maintenance contractor for the 102 megawatt (MW) Lamesa Solar Facility located in Dawson County, Texas. RES recently sold the project to Southern Power, a subsidiary of Southern Company.
SO: 52.84 (-0.95)
Southern Company Buys Solar Project Stake from SunPower
Zacks Equity Research - Zacks Investment Research - Thu Jul 07, 8:46AM CDT
Southern Power, a subsidiary of leading energy utility firm Southern Company (SO), reported that it has bought a controlling equity interest in the 102-megawatt (MW) Henrietta Solar Project from U.S. solar power developer, SunPower Corporation (SPWR)
KEP: 26.07 (-0.37), SO: 52.84 (-0.95), SPKE: 28.59 (-0.04)
Southern Company and partners award 10 longleaf conservation grants
PR Newswire - Wed Jul 06, 11:00AM CDT
Continuing its longstanding tradition of supporting natural resource conservation, Southern Company, in partnership with the National Fish and Wildlife Foundation (NFWF), today announced $4.3 million in grants to support, restore and enhance the longleaf ecosystem. The grants include funding for 10 projects in the Southeast states where Southern Company operates electric utilities.
SO: 52.84 (-0.95)
Alliant Energy Corporation (LNT) Joins the S&P 500 Club
Zacks Equity Research - Zacks Investment Research - Wed Jul 06, 9:29AM CDT
Alliant Energy Corporation (LNT) joined the S&P 500 club on Jun 30, 2016, replacing AGL Resources Inc.
CNX: 16.98 (+0.61), AWK: 81.29 (-1.47), SO: 52.84 (-0.95), LNT: 39.34 (-1.12)
Southern Company subsidiary acquires Henrietta Solar Project
PR Newswire - Wed Jul 06, 8:00AM CDT
Southern Company subsidiary Southern Power and SunPower Corp. today announced that Southern Power has acquired a controlling interest in the 102-megawatt (MW) Henrietta Solar Project in Kings County, California, from SunPower, which will own the remaining interest in the project.
SPWR: 15.23 (+0.25), SO: 52.84 (-0.95)
Southern Company statement regarding New York Times report on subsidiary Mississippi Power's Kemper project
PR Newswire - Tue Jul 05, 3:55PM CDT
The following is a statement from Southern Company on the July 5 New York Times article regarding the Kemper County energy facility:
SO: 52.84 (-0.95)