Pattern Energy Group Inc. (NASDAQ:PEGI) announced the pricing of an underwritten public offering of approximately US$510 million consisting of 18,362,758 shares of its Class A common stock at a public offering price of US$27.75 per share. The Company is selling approximately US$300 million consisting of 10,810,810 shares of Class A common stock and selling shareholder Pattern Energy Group LP (the “Selling Shareholder” or “Pattern Development”) is selling approximately US$210 million consisting of 7,551,948 shares of Class A common stock. Pattern Energy Group Inc (NASDAQ:PEGI) net profit margin is 15.00% and weekly performance is 11.26%. On last trading day company shares ended up $28.75. Analysts mean target price for the company is $32.00. Pattern Energy Group Inc (NASDAQ:PEGI) distance from 50-day simple moving average (SMA50) is 4.71%.
FuelCell Energy, Inc. (NASDAQ:FCEL) a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, announced the development of a project to install a 1.4 megawatt (MW) fuel cell power plant at the University of Bridgeport that will supply approximately 80 percent of the campus power needs. On-site power generation provides energy security and power reliability to the University operations as the fuel cell power plant will operate as a micro-grid, capable of operating independently from the electric grid. FuelCell Energy Inc (NASDAQ:FCEL) shares fell -2.56% in last trading session and ended the day on $1.90. FCEL Gross Margin is 5.90% and its return on assets is -15.80%. FuelCell Energy Inc (NASDAQ:FCEL) quarterly performance is 33.80%.
The Southern Company (NYSE:SO) has delayed the commencement of a $5.5 billion power plant in Mississippi. Owing to this delay, the company would be taking charge of $235 million. The delay is happening because of increased construction and labour problems coupled with rains in summer at this coal gasification project. The plant captures emissions of carbon dioxide, and this is a very significant technological development in the area of producing clean and green energy. Because of this delay, the company has missed out on tax incentives to the tune of $133 million. The Southern Company (NYSE:SO) shares moved down -1.20% in last trading session and was closed at $43.67, while trading in range of $43.65 – $44.47. The Southern Company (NYSE:SO) year to date (YTD) performance is 8.79%.
The Board of Directors of Exelon Corporation (NYSE:EXC) declared a regular quarterly dividend of $0.31 per share on Exelon’s common stock. The dividend is payable on June 10, 2014, to shareholders of record of Exelon as of 5:00 p.m. New York Time on May 16, 2014. Exelon Corporation (NYSE:EXC) ended the last trading day at $36.20. Company weekly volatility is calculated as 1.81% and price to cash ratio as 34.01. Exelon Corporation (NYSE:EXC) showed a positive weekly performance of 1.00%.