NEW YORK, December 9, 2016 /PRNewswire/ --
This morning, Stock-Callers.com brings focus on four equities to see where they are currently positioned in the market: The Southern Co. (NYSE: SO), The AES Corp. (NYSE: AES), PPL Corp. (NYSE: PPL), and Companhia Energetica de Minas Gerais S.A. (NYSE: CIG). As per a report on SeeNews, global utility-scale solar capacity now exceeds 85 GW, and is expected to continue rising to make 2016 another record year. In order to risk decline, companies in the Electric Utilities space are starting to embrace renewables by adopting different tactics such as owning solar power plants and developing projects of their own. Learn more about these stocks by downloading their free report at:http://stock-callers.com/registration
Atlanta, Georgia headquartered The Southern Co.'s shares rose 0.55%, finishing Thursday's trading session at $47.41. A total volume of 5.52 million shares was traded. Since the start of this year, the stock has advanced 5.94%. The Company's shares are trading below their 50-day moving average by 3.18%. Moreover, shares of Southern, which together with its subsidiaries, engages in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi, have a Relative Strength Index (RSI) of 46.43.
On November 23rd, 2016, Mississippi Power, a subsidiary of Southern, announced that it had achieved another major milestone with electricity generated in the second gasifier at the Kemper County energy facility by synthesis gas, or syngas, from lignite. Last month, the company announced electricity had been generated in the first of the facility's two gasifiers. The free research report on SO is available at:http://stock-callers.com/registration/?symbol=SO
On Thursday, shares in Arlington, Virginia headquartered The AES Corp. recorded a trading volume of 4.46 million shares, and ended the session 1.89% higher at $11.84. The stock has gained 28.78% on an YTD basis. The Company's shares are trading 0.95% above their 50-day moving average and 2.59% above their 200-day moving average. Furthermore, shares of AES Corp., which operates as a diversified power generation and utility company, have an RSI of 56.26.
On November 22nd, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'.
On December 8th, 2016, Arizona Public Service (APS) announced that it is bringing battery-based energy storage to the desert through a 4 megawatt (MW) energy storage agreement with AES Energy Storage, a subsidiary of AES Corp., which will provide enough storage capacity to power 1,000 homes. The pair of 2-MW AES Advancion® energy storage arrays will be deployed as part of the APS Solar Partner Program (SPP), and represent AES' first installation in Arizona. The complimentary report on AES can be downloaded at: http://stock-callers.com/registration/?symbol=AES
Shares in Allentown, Pennsylvania headquartered PPL Corp. closed at $33.11, up 0.03% from the last trading session. The stock recorded a trading volume of 4.64 million shares. The Company's shares have gained 0.08% on an YTD basis, and are trading 0.97% below their 50-day moving average. Additionally, shares of PPL, which delivers electricity and natural gas in the US and the UK, have an RSI of 48.57.
On November 18th, 2016, PPL Corp. declared a quarterly common stock dividend of $0.38 per share, payable on January 03rd, 2017, to shareowners of record as of December 09th, 2016.
On November 22nd, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'. Visit us today and download our complete research report on PPL for free at:http://stock-callers.com/registration/?symbol=PPL
Companhia Energetica de Minas Gerais
At the closing bell yesterday, shares in Belo Horizonte, Brazil headquartered Companhia Energetica de Minas Gerais S.A. ended 2.30% lower at $2.12. A total volume of 4.91 million shares was traded, which was above their three months average volume of 4.21 million shares. The stock has advanced 53.23% since the start of this year. The Company's shares are trading below their 200-day moving average by 6.64%. Furthermore, shares of the Company, which through its subsidiaries, engages in the generation, transmission, distribution, and trading of electric energy in Brazil, have an RSI of 34.27.
On November 30th, 2016, the Company announced that it acquired all the 153,634,195 preferred shares held by Banco BTG Pactual S.A. in Rio Minas Energia Participações S.A. ('RME') and Luce Empreendimentos e Participações S.A. (Lepsa) for consideration of R$ 201,961,743.54 (two hundred and one million nine hundred sixty one thousand seven hundred forty three Reais and fifty four centavos). This acquisition increases Companhia Energetica de Minas Gerais's holding in the total capital of RME from 60.65% to 66.27%, while the company's holding in the total capital of Lepsa increases from 61.06% to 66.62%. Get free access to your technical report on CIG at:http://stock-callers.com/registration/?symbol=CIG
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