Shares of Canadian Solar Inc. (NASDAQ:CSIQ) [Trend Analysis] runs in leading trade, it moving up 1.31% to traded at $14.71. The firm has price volatility of 3.85% for a week and 3.99% for a month. Its beta stands at 3.23 times. Canadian Solar Inc. (CSIQ) reported that the sale of 80% interest in its Pirapora I solar energy project in Brazil to renewable energy firm EDF Energies Nouvelles, a subsidiary of the EDF Group (EDFEF.PK). EDF Energies Nouvelles’ local subsidiary, EDF EN do Brasil, will make the purchase.
Pirapora I is one of Canadian Solar’s three current projects in the country totaling 394 MWp with awarded long-term PPAs. The 191.5 MWp Project is starting construction and expects to reach commercial operation in the third quarter of 2017. Canadian Solar will supply the modules for the Project from its new 360 MWp modules factory established in Brazil to support the local market. Narrow down four to firm performance, its weekly performance was 0.00% and monthly performance was 16.19%. The stock price of CSIQ is moving up from its 20 days moving average with 10.52% and isolated positively from 50 days moving average with 9.90%.
AECOM (NYSE:ACM) [Trend Analysis] luring active investment momentum, shares a gain 0.22% to $27.88. Aecom Technology Corp. (ACM) reported the acquisition of the remaining 50 percent equity interest in FT Services Limited, a joint venture firm based in Calgary, Alberta.
FTS was created in January 2007 by Flint Energy Services Limited, an Aecom subsidiary, and Broadspectrum Limited to specialize in large-scale maintenance and turnabout services for the Canadian resource and energy industry, comprising oil sands, refining, chemical, midstream and other heavy industry facilities. The acquisition is predictable to strengthen Aecom’s oil and gas business by additional diversifying its end market exposure. The total volume of 2.38 Million shares held in the session was surprisingly higher than its average volume of 1197.24 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -144.40%, and looking additional price to next year’s EPS is 6.57%. While take a short look on price to sales ratio, that was 0.25 and price to earning ratio of 48.40 attracting passive investors.