Short Call at News Buzzer: Canadian Solar (NASDAQ:CSIQ), First NBC Bank Holding (NASDAQ:FNBC)

Canadian Solar Inc. (NASDAQ:CSIQ) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.25% to close at $12.13 with the total traded volume of 30038 shares. Canadian Solar Inc. (CSIQ) revealed that it has completed the sale of the outstanding shares of 3 utility-scale solar farm holding companies, SSM 1 Solar ULC, SSM 2 Solar ULC, and SSM 3 Solar ULC, totaling 59.8 MW AC to Fengate SSM Holdco LP, an affiliate of Fengate Real Asset Investments for over CAD257 Million (USD195.32 Million).

The transaction was closed on February 1, 2017 and the Company expects to recognize the difference between the sales proceeds and the book value of the projects under ‘Other income (expenses)’ in the income statement for the first quarter of 2017. The SSM Portfolio is located in Sault Ste. Marie, Ontario, Canada. As part of the deal, Fengate will take over the outstanding debt from NorddeutscheLandesbankGirozentrale and Canadian Solar will provide operations and maintenance services and asset management services. The firm has institutional ownership of 46.10%, while insider ownership included 31.00%. Its price to sales ratio ended at 0.20. CSIQ attains analyst recommendation of 2.70 with week performance of 2.98%.

First NBC Bank Holding Company (NASDAQ:FNBC) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with remains unchanged to $4.00. First NBC Bank Holding Company (FNBC) revealed its BOD has appointed Carl J. Chaney as Chief Executive Officer, effective upon regulatory approval. Mr. Chaney will succeed Hermann “Buck” Moyse, III, who has served as Interim Chief Executive Officer of First NBC Bank and First NBC Bank Holding Company.

Mr. Chaney has more than 30 years of leadership experience in the banking and financial services sector with a proven track record of building high-performing businesses. He served in numerous roles at Hancock Holding Company during the course of a 17-year tenure, including as its Chief Executive Officer, President and Director. During Mr. Chaney’s tenure as CEO from 2006 to 2014, Hancock importantly grew its assets from $6 billion to $21 billion, executed on a $50 million efficiency and process improvement initiative that achieved its results three quarters ahead of schedule and acquired New Orleans-based Whitney Bank in a $1.5 billion stock transaction. The share price of FNBC attracts active investors, as stock price of week volatility recorded 22.08%. The stock is going forward to its 52-week low with 19.70% and lagging behind from its 52-week high price with -85.48%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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