Houston-based Waste ManagementInc. (NYSE:WM) has joined with oil and gas giant NRG Energy Inc. (NYSE: NRG) and two other companies to form a venture dedicated to producing renewable fuels and chemicals, according to a press release. NRG Energy Inc (NYSE:NRG) shares after opening at $31.39 moved to $31.56 on last trade day and at the end of the day closed at $31.55. Company price to sales ratio in past twelve months was calculated as 0.90 and price to cash ratio as 4.52. NRG Energy Inc (NYSE:NRG) showed a positive weekly performance of 3.85%.
Continued favorable natural gas market pricing conditions have allowed Vectren Corp (NYSE:VVC) Energy Delivery of Indiana – North Vectren Corp (NYSE:VVC) to secure additional long-term, fixed price contracts – one for five years and one for 10 years – with a national supplier to lock in a portion of its natural gas supply through December 2023. These two contracts complement similar 5- and 10-year term agreements inked last summer. With the execution of these recent contracts, the utility has secured about 20 percent of its annual supply purchases with very favorable pricing under these four longer-term agreements. Vectren Corp (NYSE:VVC) shares advanced 0.70% in last trading session and ended the day on $38.77. VVC return on equity ratio is recorded as 8.90% and its return on assets is 2.70%. Vectren Corp (NYSE:VVC) yearly performance is 13.93%.
Siemens AG (ADR) (NYSE:SI) is a globally operating technology company with core activities in the fields of energy, healthcare, industry and infrastructure. Siemens business activities focus on four Sectors, Energy, Healthcare, Industry and Infrastructure & Cities. Siemens AG (ADR) (NYSE:SI) shares moved up 1.43% in last trading session and was closed at $135.59, while trading in range of $135.20-$136.05. Siemens AG (ADR) (NYSE:SI) year to date performance is 0.97%.
Duke Energy Corp. (NYSE:DUK) has agreed to sell the electricity generated from its developing solar farms to Edison International (NYSE:EIX)‘s Southern California Edison under a 20-year term contract. Duke, which is a largest utility owner is reportedly developing two 20 Mw solar farms along with its closely tied Swinerton Inc, in central California region. Swinerton will assist in the project through designing and building them near Bakersfield and the two projects, namely, Pumpjack and Wildwood are expected to commence production this year itself. Through selling electricity to Edison, these projects will light nearly 10,000 homes. Duke Energy Corp (NYSE:DUK) weekly performance is 1.97%. On last trading day company shares ended up $70.44. Duke Energy Corp (NYSE:DUK) distance from 50-day simple moving average is 1.10%. Analysts mean target price for the company is $75.00.