Shares of MDU Resources Group, Inc. (NYSE:MDU) [Trend Analysis] swings enthusiastically in regular trading session, it a loss of -0.45% to close at $28.64. ALLETE Clean Energy, a subsidiary of ALLETE, Inc. (ALE) reported its plan to work with Montana-Dakota Utilities (MDU) to expand the Thunder Spirit wind farm in North Dakota. ALLETE Clean Energy secured a 25-year power purchase contract with Montana-Dakota Utilities to purchase energy from the expansion near Hettinger, North Dakota, about 100 miles southwest of Bismarck.
Under the contract, MDU, a division of MDU Resources Group (MDU) also has the option to purchase the expansion when it is complete.The MDU granted ALLETE Clean Energy the right to develop the 13- to 16-turbine Thunder Spirit expansion, with major construction on the $85 million project expected to start in May 2018. Moving forward to saw long-term intention, the experts calculate Return on Investment of 4.50%. The stock is going forward its fifty-two week low with 89.96% and lagging behind from its 52-week high price with -4.28%. MDU last month stock price volatility remained 1.73%.
MannKind Corporation (NASDAQ:MNKD) [Trend Analysis] retains strong position in active trade, as shares scoring -0.83% to $0.63 in a active trade session, while looking at the shares volume, around 5.9 Million shares have changed hands in this session. MannKind Corporation (MNKD) confirmed that following the completion of initial formulation studies it received a $1 million milestone payment from Receptor Life Sciences, Inc. (RLS) on Friday, December 30, 2016.
This milestone payment is part of a previously reported collaboration and license contract between the company and RLS. Matthew J. Pfeffer, Chief Executive Officer of MannKind, commented, “The results of these studies have further validated the versatility of our formulation technology. We are pleased with the progress to date and look forward to the next phase of product development in our collaboration with RLS.” The firm has institutional ownership of 20.40%, while insider ownership included 0.20%. MNKD attains analyst recommendation of 4.00 with week’s performance of -8.57%. Investors looking further ahead will note that the Price to next year’s EPS is -225.00%.