Tracking the Public Utilities Sector: Complementary Research on TerraForm Power, American Electric Power, Black Hills, Brookfield Renewable and Calpine
NEW YORK, February 25, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including TerraForm Power (NASDAQ: TERP), American Electric Power (NYSE: AEP), Black Hills (NYSE: BKH), Brookfield Renewable (NYSE: BEP), and Calpine (NYSE: CPN). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
TERP Research Report: ( http://get.analystsreview.com/pdf/?c=TerraForm%20Power&d=25-Feb-2015&s=TERP ),
AEP Research Report: ( http://get.analystsreview.com/pdf/?c=American%20Electric%20Power&d=25-Feb-2015&s=AEP ),
BKH Research Report: ( http://get.analystsreview.com/pdf/?c=Black%20Hills&d=25-Feb-2015&s=BKH ),
BEP Research Report: ( http://get.analystsreview.com/pdf/?c=Brookfield%20Renewable&d=25-Feb-2015&s=BEP ),
CPN Research Report: ( http://get.analystsreview.com/pdf/?c=Calpine&d=25-Feb-2015&s=CPN ).
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Analyst Update: Credit Facilities, Solar Projects, Upcoming Events, and Quarterly Earnings & Distribution
Reviewed by: Rohit Tuli, CFA®
US stocks rose to record levels on Tuesday after Federal Reserve Chair Janet Yellen suggested that the central bank is not likely to begin raising interest rates for at least the next couple monetary policy meetings; and intends a rate hike only when they are "reasonably confident" that annual inflation is moving back toward their 2 percent target. The S&P 500 gained 5.82 points, or 0.28%, to end at 2,115.48, and the Dow Jones Industrial Average edged up 92.35 points or 0.51% to 18,209.19. The tech-heavy NASDAQ advanced for the tenth straight session, up 7.15 points or 0.14% to close at 4,968.12. Meanwhile, most of Europe's benchmark stock indices closed higher on Tuesday, following reports that Eurozone finance ministers, the European Commission, the European Central Bank and the International Monetary Fund have approved Greece's request for an extended €240 billion ($273 billion) bailout. Germany's DAX 30 rose 0.67% to 11,205.74, while, FTSE 100 gained 0.54% to 6,949.63. France's CAC 40 gained 0.50% to 4,886.44.
TerraForm Power, Inc.'s (TerraForm Power) indirect subsidiary TerraForm Power Operating, LLC increased its revolving credit facility to $550 million from $215 million previously. The maturity of the new credit facility was extended to January 2020 from July 2017 for the previous credit facility.
American Electric Power Company, Inc. (American Electric Power) reported that its operating unit Indiana Michigan Power (I&M) will build five solar power facilities for a total project cost of $38 million after the Indiana Utility Regulatory Commission approved I&M's plans for five solar facilities with a combined capacity of nearly 16 megawatts.
Black Hills Corporation (Black Hills) is scheduled to present at the 2015 Credit Suisse 20th Annual Energy Summit on Wednesday, February 25, 2015.
Brookfield Renewable Energy Partners LP (Brookfield Renewable) announced a 7% YoY increase in its quarterly distribution to $0.415 or $1.66 per limited partnership unit ("LP Unit"). The Company also announced senior management appointments as well as financial results for the fourth quarter of 2014 in the same release issued on February 6, 2015.
Calpine Corporation (Calpine) reported record Adjusted EBITDA, Adjusted Free Cash Flow and Adjusted Free Cash Flow per share for full-year 2014, resulting from higher Commodity Margin, stronger market conditions during the first quarter of 2014 and the Company's ability to capture the value of its dual-fueled plants in the East during extreme commodity pricing environments.
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About Analysts Review
At Analysts Review, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
Analysts Review was designed for investors. By providing the best information available, we have set ourselves apart as one of the premier online investor communities.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.analystsreview.com/editors
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