Several matter pinch shares of The AES Corporation (NYSE:AES) [Trend Analysis], as shares surging 1.53% to $11.93 with a share volume of 6.32 Million. U.S. power utility company, AES Corp said that on Friday it would buy a privately held company that builds utility-scale solar projects, along with Canada’s investment fund manager Alberta Investment Management Corp, for $853 million in cash.
The deal to buy FTP Power LLC, popularly known as sPower, from hedge fund Fir Tree Partners also includes $724 million in debt. The deal is expected to increase AES’s stake in renewable energy projects under construction by 15.4 percent to 9,552 megawatts (MW).
sPower’s portfolio includes 1,274 MW of solar and wind projects in operation or under construction, with more than 10,000 MW being developed. The stock is going forward its 52-week low with 33.04% and moving down from its 52-week high price with -8.63%. To have technical analysis views, liquidity ratio of a company was calculated 1.30 as evaluated with its debt to equity ratio of 7.23. The float short ratio was 1.14%, as compared to sentiment indicator; Short Ratio was 1.45.
Shares of Credit Suisse Group AG (NYSE:CS) [Trend Analysis] runs in leading trade, it plunging -2.87% to traded at $14.89. The firm has price volatility of 1.49% for a week and 1.47% for a month. Its beta stands at 1.56 times. Credit Suisse reported that senior level changes in India, appointing Inigo Mendoza as Head of Private Banking and Balakrishnan Kunnambath to oversee the business in addition to his existing portfolio. Kunnambath, Private Banking Market Group Head for Non-Resident Indian (NRI) Asia Pacific and Indian Sub-Continent based in Singapore will oversee the Private Banking India business in addition to his existing portfolio, Credit Suisse said in a media release.
Kunnambath would report to Alex Wade, Head of Developed and Emerging Asia for Private Banking Asia Pacific. “I am confident that under Balan and Inigo’s leadership, we will continue to broaden our client base and deepen client penetration, drive collaboration opportunities with both our global NRI teams and our business in India, and to grow our Indian Private Banking franchise sustainably for the longer term,” Alex Wade said. Narrow down four to firm performance, its weekly performance was -2.17% and monthly performance was -6.88%. The stock price of CS is moving down from its 20 days moving average with -1.68% and isolated negatively from 50 days moving average with -2.26%.