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Polaris Renewable Energy Secures $175 Million in Green Bonds
Toronto, Saturday, 16 November 2024.
Polaris Renewable Energy Inc. has successfully placed $175 million in senior secured green bonds, marking a significant step in its renewable energy expansion. The five-year bonds, rated BB- by S&P, will finance debt refinancing and new acquisitions, including the Punta Lima wind farm in Puerto Rico.
Greenlane Renewables Announces New CFO for 2025
Vancouver, Saturday, 16 November 2024.
Greenlane Renewables Inc. appoints Stephanie Mason as CFO, effective January 13, 2025, as part of a planned succession. Mason, with over 15 years of experience, transitions from her role as Director of Finance, replacing Monty Balderston in a strategic move to advance the company’s goals in renewable natural gas.
Canadian REITs Announce Stable November Distributions
Toronto, Saturday, 16 November 2024.
RioCan and CT Real Estate Investment Trusts have declared their November 2024 distributions, payable in December. This move signals stability in the Canadian real estate market and offers reassurance to investors amid economic uncertainties.
Thermo Fisher Unveils $4 Billion Stock Buyback Plan
Waltham, Friday, 15 November 2024.
Thermo Fisher Scientific’s board approves a new $4 billion stock repurchase program, replacing the previous $1 billion authorization. This strategic move, aimed at enhancing shareholder value, reflects the company’s strong financial position and confidence in future growth prospects.
Applied Materials Faces Headwinds as China Sales Decline
Santa Clara, Friday, 15 November 2024.
Applied Materials reports mixed Q4 results with revenue up but profits down. The company’s Q1 forecast falls short of expectations, largely due to a 28% drop in China sales. This highlights the semiconductor industry’s vulnerability to Chinese market fluctuations.
Bloom Energy Secures Record 1GW Fuel Cell Deal for AI Data Centers
San Jose, Friday, 15 November 2024.
Bloom Energy signs landmark agreement with AEP for up to 1GW of fuel cells to power AI data centers. The deal, largest of its kind globally, offers 34% lower CO2 emissions and 100MW/acre power density, addressing rapid deployment needs in the tech sector.
ADENTRA Boosts Dividend: A Sign of Financial Strength
New York, Friday, 15 November 2024.
ADENTRA Inc. raises its quarterly dividend by 7% to C$0.15 per share, payable January 31, 2025. This increase, announced alongside solid Q3 2024 results, reflects the company’s robust financial performance and commitment to shareholder value despite market challenges.
Sanford Health Expands Footprint with $194 Million Acquisition
Sioux Falls, Friday, 15 November 2024.
Sanford Health is set to acquire Black Hills Surgical Hospital for $194 million, marking a significant expansion in rural healthcare. The strategic move aims to enhance surgical care access and create job opportunities in the Black Hills region.
Stantec Secures $274.7M Contract for Sustainable Arizona Border Port
Washington, D.C., Wednesday, 13 November 2024.
Stantec has won a $274.7 million contract to design a new commercial inspection port in Douglas, Arizona. The project will quadruple truck inspection capacity, featuring an all-electric design with solar panels. Construction is set for 2025-2028, aiming to boost cross-border trade efficiency.
Riskified Surpasses Q3 Expectations, Raises 2024 Outlook
New York, Wednesday, 13 November 2024.
Riskified Ltd. reported better-than-expected Q3 2024 results, with earnings of $0.03 per share beating estimates by $0.10. Revenue reached $78.85 million, surpassing forecasts. The company raised its full-year 2024 revenue guidance to $322-$327 million, reflecting strong performance and market position in ecommerce fraud prevention.