Fluor Awarded Loop 202 South Mountain Freeway Project

February 29, 2016: Fluor Corp led joint venture awarded Loop 202 South Mountain freeway project, Arizona’s largest ever highway project. Fluor announced today that its joint venture team was awarded the design-build and maintain project by the Arizona Department of Transportation (ADOT) to provide design, construction and maintenance services for the Loop 202 South Mountain Freeway. This project is the first freeway project procured under Arizonas public-private-partnership statute and ADOTs first design-build-maintain project ever. Located in the Phoenix metropolitan area, this will be the largest highway project in the states history. Fluor will book this project in the first quarter of 2016…

February 29, 2016: Fluor Corp led joint venture awarded Loop 202 South Mountain freeway project, Arizona’s largest ever highway project. Fluor announced today that its joint venture team was awarded the design-build and maintain project by the Arizona Department of Transportation (ADOT) to provide design, construction and maintenance services for the Loop 202 South Mountain Freeway. This project is the first freeway project procured under Arizonas public-private-partnership statute and ADOTs first design-build-maintain project ever. Located in the Phoenix metropolitan area, this will be the largest highway project in the states history. Fluor will book this project in the first quarter of 2016.

The project is funded by a combination of Regional Area Road Fund revenues, Highway User Revenue Fund revenues and federal funds dedicated to the Maricopa County region and ADOT. ADOT will fund the projects capital costs with a combination of available public funds from sales tax revenues and tax-exempt bonds.

The Fluor-led joint venture, Connect 202 Partners, is a design-build and maintenance partnership comprised of Fluor Enterprises Inc., Granite Construction Co., Ames Construction Inc., Parsons Brinckerhoff Inc. as the lead designer, and DBi Services, LLC, as the joint maintenance partner.

Fluor and DBi Services, LLC, will maintain the lanes for 30 years with oversight from ADOT.

When complete, the Loop 202 South Mountain Freeway Project will deliver 22 miles of improved mobility via four lanes in each direction three general-use lanes and one High-Occupancy Vehicle (HOV) lane and includes modern features of rubberized asphalt and aesthetics that reflect nearby communities. Major construction is expected to begin in 2016 with lanes opening in early 2020.

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February 18, 2016: BASF, the largest chemical producer in the world, awarded Fluor an engineering, procurement and construction management (EPCM) contract for the revamp of an alcohol and plasticizers facility in Pasadena, Texas. Fluor booked the undisclosed contract value in the fourth quarter of 2015.

Exec: “Fluor has supported BASF with construction management services for many years in Europe and Asia, and we are excited to now deliver an integrated engineering, procurement and construction-driven solutions approach to BASF in North America. We will leverage our U.S. Gulf Coast construction experience to meet this projects schedule goals, while delivering a capital-efficient solution that strengthens BASFs position in the plasticizers market.”

February 18, 2016: Fluor Corp was awarded a construction management contract by Sunoco Logistics for Mariner East 2 Project. Fluor announced today that it was awarded a construction management contract by Sunoco Logistics for the Mariner East 2 project at its Marcus Hook Industrial Complex on the Delaware River in Pennsylvania. Fluor booked the undisclosed contract value into backlog in the fourth quarter of 2015.

Upon completion, Mariner East 2 is anticipated to provide an additional 275,000 barrels-per-day of natural gas liquids (NGLs) for distribution to local, domestic and international markets. Fluor will manage the construction of new terminal facilities to store, chill, process and distribute propane, butane and ethane at the complex.

February 11, 2016: Fluor Corp announced today that the U.S. Department of Energy (DOE) selected Fluor Idaho, LLC, to support the departments cleanup mission at the Idaho Site under the Idaho Cleanup Project (ICP) Core Contract. The contract is valued at approximately $1.4 billion over five years.

Fluor Idaho will focus on addressing the key elements of the ICP Core dispositioning transuranic waste (TRU), spent nuclear fuel storage and high-level radioactive waste processing. This work will support multiple national and state regulatory agreements, including the 1995 Idaho Settlement Agreement, and to seamlessly consolidate the ICP and Advanced Mixed Waste Treatment Project contracts. The consolidation eliminates redundancies, integrates activities and ensures the government gets the highest return on its investment.

February 09, 2016: Fluor Corp announced today that LyondellBasell has selected Fluor to perform front-end engineering and design (FEED) work for its proposed propylene oxide and tertiary butyl alcohol plant. Fluor booked the undisclosed contract value in the fourth quarter of 2015.

The plant will be the worlds largest of its type and will be located at LyondellBasells existing Channelview and Bayport Choate complexes in Texas. The scope includes a 1 billion pound-per-year propylene oxide and a 2 billion pound-per-year tertiary butyl alcohol plant at the Channelview site, an ethers plant at the Bayport Choate site, as well as associated infrastructure. The products will be used in the production of polyols, high-octane gasoline components and other isobutylene derivatives.

Front-end design activities are expected to be completed in 2016.

January 11, 2016: Fluor Corp commits to build a $1 billion refining facility in Mexico. The industrial construction joint venture of Empresas ICA, S.A.B. de C.V. and Fluor Corporation, announced today that its ICA Fluor industrial engineering-construction joint venture was authorized by Pemex Transformacin Industrial (Pemex) to proceed with the engineering, procurement and construction (Phase II) of the Madero Clean Diesel project at the Madero Refinery in Tamaulipas, Mexico.

ICA Fluor will provide detailed engineering, procurement, construction, commissioning and start-up services for two 25,000-barrel-per-day diesel hydrodesulfurization trains and associated facilities. The project also includes installation of new hydrogen, sulfur recovery and sour water treatment plants; the revamp of the existing diesel hydrodesulfurization unit, and offsites and utilities to integrate the new production facility with the existing refinery. The project is scheduled to be completed in the first quarter of 2018.

January 05, 2016: Fluor Corp announced today that its joint venture team was selected as the preferred bidder for a design-build and maintain project by the Arizona Department of Transportation (ADOT) to provide design, construction and maintenance services for the Loop 202 South Mountain Freeway. Located in the Phoenix metropolitan area, this will be the largest highway project in the states history. Fluor plans to book its share of the final contract value in the first quarter of 2016.

The Fluor-led joint venture, Connect 202 Partners, is a design-build and maintenance partnership comprised of Fluor Enterprises Inc., Granite Construction Co., Ames Construction Inc., Parsons Brinckerhoff Inc. as the lead designer, and DBi Services, LLC, as the joint maintenance partner.

The joint venture team will construct approximately 22 miles of Loop 202 running east and west along Pecos Road, turning north between 55th and 63rd avenues, connecting with Interstate 10 on each end. Major construction is expected to begin in the summer of 2016 with lanes opening in late 2019 or early 2020. Fluor and DBi Services, LLC, will maintain the lanes for 30 years with oversight from the ADOT.

January 04, 2016: Fluor Corp announced today that it was awarded two subcontracts by Westinghouse Electric Company to manage the construction workforce at two Westinghouse AP1000 nuclear power plant projects in Georgia and in South Carolina the first majority-owned and operated by Southern Company and the second owned and operated by SCANA/Santee Cooper. Fluor booked $5 billion in contracts in the fourth quarter of 2015.

As a subcontractor to Westinghouse, the prime engineering, procurement and construction contractor, Fluor will manage the majority of construction labor at Southern Companys Plant Vogtle Units 3 & 4 near Waynesboro, Georgia, and at two additional nuclear electric generating units for SCANA/Santee Cooper at the V.C. Summer Nuclear Station in Fairfield County, South Carolina.

November 18, 2015: Fluor Corp (FLR Updated Trend Analysis) JV awarded Miguel Hidalgo refinery upgrade contract in Mexico worth $1.1B. Flour announced today that ICA Fluor, its industrial engineering and construction joint venture with Empresas ICA, S.A.B. de C.V., signed a contract with Pemex Transformacion Industrial to supply detail engineering, procurement and construction (EPC) services for the utilities and offsites that are part of the Tula Refinery upgrade at Hidalgo, Mexico. The total contract value is $1.1 billion. Fluor will book its $550 million contract share in the fourth quarter of 2015. This contract results from the joint efforts of Pemex Transformacion Industrial (formerly Pemex Refinacion) and ICA Fluor to continue with the modernization process of the Tula Refinery. The projects mechanical completion is scheduled for the second quarter of 2018.

October 27, 2015: Fluor Corp named by Westinghouse Electric Company to manage construction of nuclear power projects. The company has been named by Westinghouse Electric Company, LLC (Westinghouse), to manage construction of two Westinghouse AP1000nuclear power reactor projects in Georgia and South Carolina owned and operated by Southern Company and SCANA/Santee Cooper, respectively. Fluor will immediately engage as a subcontractor to Westinghouse in the development of transition plans and definitive agreements. In a news release issued earlier today, Westinghouse confirmed that Fluor will manage a significant portion of the construction of Vogtle Electric Generating Plants Units 3 & 4 near Waynesboro, Georgia, and two additional nuclear electric generating units at the V.C. Summer Nuclear Generating Station located in Fairfield County, South Carolina and will be providing project execution and direction, accountability for and management of professional staff and craft personnel, and a focus on safety, quality and project delivery certainty. Fluors management plans for construction would become effective at the close of the acquisition that Westinghouse also announced. Fluor will begin work immediately under a professional services agreement to assess the two projects, engaging the workforce and planning a transition of duties and responsibilities required to develop appropriate plans to manage plant construction. Fluor and Westinghouse have further agreed that Fluors scope will be performed on a cost reimbursable basis, without liability for pre-existing conditions associated with prior construction. Fluor said it expects to book an award in the fourth quarter of 2015 related to these projects.

October 20, 2015: Fluor Corporation (FLR Updated Trend Analysis) awarded Cytec’s UK adhesives expansion project Announced today that Fluor Limited, its UK operation, was selected by Cytec Industries Inc. for the engineering, procurement and construction management (EPCM) of the expansion of its high-performance adhesives manufacturing facility in Wrexham, North Wales. Fluor booked the undisclosed value of the contract in the companys third quarter of 2015.Fluor recently completed the front end engineering design (FEED) for the new facility at Cytecs operations site at Wrexham Industrial Park, which also houses the companys European headquarters for research and development. The new facility will produce extreme-demand adhesives used in the aerospace industry for which Cytec is a leading supplier.The project will be executed by an integrated engineering team located in Fluors offices in the U.S., India and the UK.

October 13, 2015: Fluor Corporation awarded Al-Zour contracts from Kuwait National Petroleum company Fluor Corporation announced its joint venture team was selected by Kuwait National Petroleum Company (KNPC) as the preferred bidder for two engineering, procurement and construction (EPC) packages. Facilities in the two packages will include a variety of key process units, utilities and infrastructure for the new Al-Zour oil refinery project in Kuwait that is expected to produce 615,000 barrels-per-day. Fluor booked its $2.6 billion portion of the contract in the third quarter of 2015.Fluor is leading the joint venture, known as FDH JV, which consists of Fluor, Daewoo Engineering and Construction, and Hyundai Heavy Industries. The FDH JV is currently executing one package in the KNPC Clean Fuels project and will begin activities on the newly awarded Al-Zour packages soon. The Al-Zour refinery complex will be built on a greenfield site located south of Kuwait City. When completed, the new complex is expected to be one of the largest refineries in the world.

September 28, 2015: Fluor Corporation selected as Sasol’s collaboration partner in South Africa – to perform a range of projects as an integrated team at Sasols facilities in Secunda and Sasolburg, South Africa. The primary objective of the agreement is for Fluor and Sasol to collaborate on small and mid-sized oil and gas projects. Fluor will also share its expertise on proprietary engineering and project execution tools and systems with selected Sasol Group Technology employees through on-the-job participation. Projects covered in the agreement range from conceptual studies to full engineering, procurement and construction management.

September 16, 2015: Fluor Corporation awarded a contract by FEMA to provide architectural and engineering services to support disaster-related operations in Texas following the severe thunderstorms in May. Contract is one of two task order contracts announced by FEMA for disaster response services in Texas. The contract was issued under the Architects and Engineers Technical Assistance Contract, which carries out the statutory authorities of the Robert T. Stafford Disaster Relief and Emergency Assistance Act. The contract has a six-month base period with an additional six-month option period. The undisclosed contract amount will be booked in the third quarter.

Fluor Corporation (FLR Updated Trend Analysis) provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services, and Power.

GlaxoSmithKline Tier 1 Firm Reiterates Buy Rating

February 29, 2016: Tier 1 firm reiterates Buy rating on Glaxosmithkline PLC, and sets a price target of $48.

February 29, 2016: Tier 1 firm reiterates Buy rating on Glaxosmithkline PLC, and sets a price target of $48.

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February 05, 2016: A tier 1 Firm maintains Buy rating on Glaxosmithkline, and sets a price target of $48.

January 28, 2016: Hearing vague takeover rumors circulating on Glaxosmithkline. The rumors say that JNJ is a potential acquirer. What makes these rumors interesting is that it follows various press reports that activist investors are pressuring JNJ for more deals and earnings conference call commentary by management indicates they are on the hunt for deals.

December 10, 2015: Glaxosmithkline PLC receives approval for NUCALA (mepolizumab) in Canada for the treatment of severe eosinophilic asthma. NUCALA (mepolizumab) has been approved in Canada as add-on maintenance treatment of adult patients with uncontrolled severe eosinophilic asthma.

NUCALA is the first approved biologic therapy that targets interleukin-5 (IL-5) for severe asthma. IL-5 plays an important role in regulating the function of eosinophils, an inflammatory cell known to be important in asthma. NUCALA is administered as a 100 mg fixed dose subcutaneous injection every four weeks.

November 10, 2015: GlaxoSmithKline (GSK Updated Trend Analysis) announces results from the BLISS-SC Phase III pivotal study in patients with active, autoantibody-positive systemic lupus erythematosus; study met primary endpoint. The company announced results from the BLISS-SC Phase III pivotal study in patients with active, autoantibody-positive systemic lupus erythematosus. For the primary efficacy endpoint, significantly more patients treated with belimumab administered subcutaneously plus SoC (60.8%) showed reduced disease activity compared to placebo plus SoC (48.47%, p=0.0011). SRI is a comprehensive composite endpoint measure, used in the pivotal Phase III BLISS clinical trial programme for belimumab administered intravenously. The SRI components measure reduction in disease activity defined as clinical improvement (SELENA-SLEDAI) with no significant worsening in any organ system and no worsening in overall patient condition. For the two pre-specified secondary efficacy endpoints, the study showed that the time to severe flare was significantly delayed in patients receiving belimumab administered subcutaneously plus SoC (170 days, p=0.0003) compared to those on placebo plus SoC (116.5 days). In addition, in patients receiving more than 7.5mg/day of prednisone (n=503),18.2% of patients receiving belimumab administered subcutaneously plus SoC in the study were able to reduce their steroid dose by 25% or more. The overall safety profile of belimumab in BLISS-SC was consistent with that observed in the two previous BLISS studies (BLISS-52 and BLISS-76).

November 4, 2015: GlaxoSmithKline FDA approves Nucala (mepolizumab) for the treatment of severe refractory eosinophilic asthma in adults. The U.S. Food and Drug Administration today approved Nucala (mepolizumab) for use with other asthma medicines for the maintenance treatment of asthma in patients age 12 years and older. Nucala is approved for patients who have a history of severe asthma attacks (exacerbations) despite receiving their current asthma medicines.Nucala is administered once every four weeks by subcutaneous injection by a health care professional into the upper arm, thigh, or abdomen. Nucala is a humanized interleukin-5 antagonist monoclonal antibody produced by recombinant DNA technology in Chinese hamster ovary cells. Nucala reduces severe asthma attacks by reducing the levels of blood eosinophils- a type of white blood cell that contributes to the development of asthma.The safety and efficacy of Nucala were established in three double-blind, randomized, placebo-controlled trials in patients with severe asthma on currently available therapies. Nucala or a placebo was administered to patients every four weeks as an add-on asthma treatment. Compared with placebo, patients with severe asthma receiving Nucala had fewer exacerbations requiring hospitalization and/or emergency department visits, and a longer time to the first exacerbation. In addition, patients with severe asthma receiving Nucala experienced greater reductions in their daily maintenance oral corticosteroid dose, while maintaining asthma control compared with patients receiving placebo. Treatment with mepolizumab did not result in a significant improvement in lung function, as measured by the volume of air exhaled by patients in one second.The most common side effects of Nucala include headache, injection site reactions (pain, redness, swelling, itching, or a burning feeling at the injection site), back pain, and weakness (fatigue). Hypersensitivity reactions can occur within hours or days of being treated with Nucala, including swelling of the face, mouth, and tongue; fainting, dizziness, or lightheadedness; hives; breathing problems and rash. Herpes zoster infections have occurred in patients receiving Nucala. Herpes zoster is the virus that causes shingles.

November 3, 2015: GlaxoSmithKline and Merck to study Immunotherapy Combination as potential Cancer treatment. GSK and Merck, known as MSD outside the US and Canada, today announced the initiation of a phase I clinical trial designed to evaluate GSKs investigational immunotherapy GSK3174998 as monotherapy and in combination with Mercks anti-PD-1 therapy, KEYTRUDA (pembrolizumab) in patients with locally advanced, recurrent or metastatic solid tumour(s) that have progressed after standard treatment. GSK3174998 is a humanised IgG1 anti-OX40 monoclonal antibody that was identified through a collaboration with MD Anderson Cancer Center. OX40 is a tumour necrosis factor receptor expressed on the surface of activated CD4+ and CD8+ T cells. OX40 agonism results in stimulation of both immune effector and memory functions, while also attenuating the immunosuppressive regulatory T cells that are sometimes found in tumours. GSK3174998 is one of a number of early stage assets in GSKs oncology pipeline focused on fighting the fundamental drivers of cancer. KEYTRUDA is a humanised monoclonal antibody that works by increasing the ability of the bodys immune system to help detect and fight tumour cells. KEYTRUDA blocks the interaction between PD-1 and its ligands, PD-L1 and PD-L2, and may affect both tumour cells and healthy cells.

GlaxoSmithKline (GSK Updated Trend Analysis) creates, discovers, develops, manufactures, and markets pharmaceutical products, including vaccines, over-the-counter medicines, and health-related consumer products worldwide.

GlaxoSmithKline published the following video about their company:

MasTec Price Target Raised to $24 from $21 at Maxim

February 29, 2016: Mastec Inc price target raised to $24 from $21 at Maxim, reiterates Buy rating.

February 29, 2016: Mastec Inc price target raised to $24 from $21 at Maxim, reiterates Buy rating.

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February 28, 2016: MasTec reported Q4 2015 EPS of $0.21 versus the $0.12 estimate. Revenue also beat coming in at $1.03 billion versus the $952 million estimate. The company’s backlog was up +31% year over year to $5.7 billion.

The CEO said, “2015 was a difficult year. However, we enter 2016 with a growing number of opportunities across our segments and record backlog. Today we have announced a stock repurchase authorization. While we will be mindful of our overall debt levels and business conditions before we initiate any purchases, this authorization provides us the ability to be opportunistic if business and market conditions warrant share repurchases in the long-term interest of our shareholders.”

MasTec Inc (MTZ Updated Trend Analysis) an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure in the United States and internationally.

MasTec Network Solutions published this video about their company:

Select Medical Holdings Wells Fargo Reiterates Outperform Rating

February 29, 2016: Wells Fargo made positive comments and reiterates their Outperform rating on Select Medical Holdings Corp. Wells Fargo analysts set a price target range of $17 to $20, which is lower that their previous price target range of $19 to $22. Wells Fargo has revised their 2016 EPS to $1.03 from $1.00. Wells Fargo is increasing their 2016 and 2017 EBITDA estimates to $517 million and $590 million from $489 million and $576 million, respectively, based on their belief that Select Medical Holdings will increase compliance with new LTCH patient criteria at a significantly more rapid pace.

February 29, 2016: Wells Fargo made positive comments and reiterates their Outperform rating on Select Medical Holdings Corp. Wells Fargo analysts set a price target range of $17 to $20, which is lower that their previous price target range of $19 to $22. Wells Fargo has revised their 2016 EPS to $1.03 from $1.00. Wells Fargo is increasing their 2016 and 2017 EBITDA estimates to $517 million and $590 million from $489 million and $576 million, respectively, based on their belief that Select Medical Holdings will increase compliance with new LTCH patient criteria at a significantly more rapid pace.

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February 25, 2016: Select Medical Holdings Corp reports Q4 2015 EPS of $0.22 versus the estimated $0.16. The company also beat on revenue coming in at $1.04 billion versus the estimate $1.02 billion. Adjusted EBITDA came in at $100.8 million versus $78.9 million year over year.

January 25, 2016: Select Medical Holdings Corporation announced that its wholly-owned subsidiary, Select Medical Corporation, has entered into a Merger Agreement to acquire Physiotherapy Associates Holdings, Inc. for $400 million in cash, subject to certain adjustments in accordance with the terms set forth in the Merger Agreement. The transaction, which is expected to close in the first or second quarter of 2016, is subject to a number of closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Houlihan Lokey acted as financial advisor to Physiotherapy.

Select Medical Holdings Corporation (SEM Updated Trend Analysis) operates specialty hospitals and outpatient rehabilitation clinics in the United States.

SelectMedicalTV published this video about their corporate culture:

Titan International Hearing Upgraded at Feltl to Strong Buy

February 28, 2016: Hearing rumors that Feltl gave Titan International a strong buy rating, timing uncertain.

February 28, 2016: Hearing rumors that Feltl gave Titan International a strong buy rating, timing uncertain.

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February 25, 2016: Titan International reports Q4 2015 EPS of -$0.38 versus the -$0.27 estimate. Revenue came in at $308 million versus the $294 million estimate.

The CEO said, “I believe Titan’s revenue will grow in 2016, driven by LSW products and the addition of the Goodyear brand in Europe and Russia. We are planning for incremental Brazil wheel business in the fourth quarter, with the addition of new wheel manufacturing capabilities at our Sao Paulo tire plant. Our new tire reclamation business in Canada will be operational in April, with a grand opening planned on March 29th. We are also seeing a pick-up in ITM aftermarket sales in track in North America, South America and Australia. Despite a 26 percent ($500 million) drop in sales, our gross margin percentage increased in 2015. I believe with the changes that we have made to the business, even a slight upturn in revenue will produce a disproportionate increase in profitability.”

February 24, 2016: U.S. International Trade Commission (ITC) to Pursue Investigation Based Upon Titan International, Inc. and USW’s Petitions Announced progress in its filing for relief from unfairly traded OTR tire imports.On January 8, 2016, Titan Tire Corporation and the USW filed antidumping petitions on imports of certain off-the-road wheel and tire assemblies from China and antidumping and countervailing duty petitions on imports of certain off-the-road tires from India and Sri Lanka with two government bodies the U.S. Department of Commerce (“DOC”) and the U.S. International Trade Commission.

As previously noted in Titan International, Inc.’s February 15, 2016 press release, the DOC initiated an investigation on all five petitions, which remains ongoing.On February 19, 2016, the USITC voted unanimously to continue with the investigation of the dumping suit related to OTR tire imports from India and Sri Lanka. The DOC previously voted last week to continue its investigation on these imports and set a preliminary finding on duties that range from 10.77% to 76.45%. The USITC voted not to investigate the importation of wheel and tire assemblies from China due to the 3% volume threshold not being satisfied. The duties on OTR tires from China remain in place and range from 7% to 200%.

Titan International Inc (TWI Updated Trend Analysis) together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally.

Titan Tire & Goodyear Farm Tires published this video about their company:

Michael Kors Hearing Takeover Rumors Circulating

February 28, 2016: Hearing vague takeover rumors circulating about Michael Kors. The rumor is that PE firms are interested in buying the company. The rumors say that the buyout price is in the $70s per share area.

February 28, 2016: Hearing vague takeover rumors circulating about Michael Kors. The rumor is that PE firms are interested in buying the company. The rumors say that the buyout price is in the $70s per share area.

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February 16, 2016: Greenlight Capital (Einhorn) discloses latest quarterly holdings, in a new 13F filing that shows they are increasing their stake in Michael Kors.

February 3, 2016: Price target raised to $60 from $53 at Nomura, reiterates Buy rating.

Michael Kors Holdings Limited (KORS Updated Trend Analysis) engages in the design, marketing, distribution, and retailing of branded women’s apparel and accessories, and men’s apparel.

MaxLinear Topeka Capital Initiates With Buy Rating

February 26, 2016: Topeka Capital initiates MaxLinear Inc with a Buy rating, and a price target of $20.

February 26, 2016: Topeka Capital initiates MaxLinear Inc with a Buy rating, and a price target of $20.

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February 09, 2016: MaxLinear, Inc price target raised to $22 from $20 at Stifel, reiterates Buy rating.

November 04, 2015: MaxLinear Inc (MXL Updated Trend Analysis) price target raised to $21 from $17 at Roth Capital, reiterates Buy rating.

November 04, 2015: MaxLinear, Inc price target raised to $18 from $16 at Stifel, reiterates Buy rating.

November 04, 2015: MaxLinear, Inc Benchmark reiterates Buy rating, price target raised to $22 from $20.

October 13, 2015: MaxLinear MxL278 Full-Spectrum Capture DOCSIS 3.1 Cable Receiver and Amplifier Chipset selected by Hitron to accelerate Multi-Gigabit Services. The company announced that Hitron Technologies Inc. (TAIEX:2419), a leading global telecommunications networking company, has selected its MxL278 Full-Spectrum Capture (FSCTM) digital cable front-end receiver and MxL236 upstream programmable gain amplifier for a new family of DOCSIS 3.1 consumer premises equipment (CPE) delivering multi-gigabit data rates into, throughout, and out of the home. Capturing up to the entire 1.2 Gigahertz (GHz) of fully deployed cable spectrum bandwidth to the home, the MxL278 DOCSIS 3.1 receiver enables cable operators to meet consumer demand for higher multi-gigabit data rates through flexible deployment of spectrum bandwidth between the new OFDM and legacy QAM modulation based services. Designs based on the MxL278 will usher in a new generation of high-capacity multi-gigabit-per-second IP data gateways, home media gateways, and hybrid or IP-based set-top boxes (STB) that mark significant advances towards all IP-based delivery of multimedia content and cloud services. Also selected for use in Hitrons family of DOCSIS 3.1 gateway platforms, the MxL236 cable upstream programmable gain amplifier (PGA) not only delivers sufficient power for upstream communication with cable head-ends with extremely high power efficiency, but also provides valuable upstream network maintenance capabilities. The MxL236 can report network health and performance parameters on the upstream link, which can be used by cable operators in managing and troubleshooting their networks and reducing technician truck rolls. This innovative feature allows Hitron to offer network maintenance expense savings capabilities for cable operators by avoiding costly technician visits to customer homes through remotely monitoring and diagnosing potential problems with the cable network.

October 1, 2015: MaxLinear prevails over Cresta Technology in patent case MaxLinear announced the U.S. International Trade Commission (ITC) has terminated Investigation No. 337-TA-910, requested by Cresta Technology (Cresta). The ITC issued its Final Determination finding that MaxLinear did not violate Section 337 of the Tariff Act of 1930, as amended, a result in favor of MaxLinear and MaxLinear’s customers.The Administrative Law Judge (ALJ) found in an Initial Determination released February 27, 2015 that no violation was committed by MaxLinear or its customers. The decision was reviewed by the full ITC commission, which has now adopted that bottom-line determination and ended the investigation.

September 29, 2015: MaxLinear Roth Capital Initiates MXL with Buy, price target: $17 – Firm sees MXL as an attractive investment theme leveraged to growth in the connected broadband home and communications/ networking infrastructure market- Firm believes that MXL has a good track record of growth through organic efforts and targeted acquisitions such as Entropic and PHYSpeed.

MaxLinear (MXL Updated Trend Analysis) is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications applications. MaxLinear is located in Carlsbad, California.

PowerSecure Acquired For $18.75 a Share HUGE WIN

February 24, 2016: Powersecure International agrees to be acquired by Southern Company for $18.75/shr in cash for a total price of $431 million. This was a huge +50% win for us. Congratulations if you were able to make money on this trade. I will discontinue converage of this stock.

Southern Company (NYSE: SO) and PowerSecure International, Inc. (NYSE: POWR) today announced that the boards of directors of both companies have approved a definitive merger agreement through which Southern Company will acquire PowerSecure, with PowerSecure becoming a wholly owned subsidiary of Southern Company.

Under the terms of the agreement, PowerSecure’s stockholders will be entitled to receive $18.75 in cash for each share of PowerSecure common stock in a transaction with a purchase price of approximately $431 million.

After closing, the companies anticipate that PowerSecure’s operations, including its management team and corporate headquarters, will continue to be based in Wake Forest, N.C.

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February 09, 2016: Powersecure International announced today that the company has signed a Management Services Agreement (MSA) with the government of The Bahamas under which PowerSecure will provide its management services to Bahamas Power and Light for the next five years.

The MSA includes a business plan which outlines cost-reduction and reliability targets along with renewable energy and customer service initiatives for New Providence and the Family Islands.

Recently passed energy reform legislation by The Bahamas provided for the incorporation of BPL, as a wholly-owned subsidiary of Bahamas Electricity Corporation, to provide safe and secure electrical services for The Bahamas in a modernized and cost-effective manner. The new legislation also calls for the issuance of a rate reduction bond, which BPL intends to be utilized to refinance BEC’s existing legacy debt and to fund infrastructure and efficiency investments for BPL which would result in a net reduction to customer electricity bills.

Under the terms of the MSA, in addition to PowerSecure receiving a baseline annual management fee of $2 million, BPL must achieve pre-defined key performance indicators (KPIs) related to cost reductions, reliability improvements and customer service enhancements in order for PowerSecure to receive potential additional performance-based compensation of up to 150 percent of the management fee per year.

December 09, 2015: Powersecure has been awarded approximately $55 million in new business, including approximately $39 million of new utility infrastructure business, approximately $8 million of new distributed generation business, approximately $5 million of new energy efficiency business, and approximately $3 million of new solar business.

December 02, 2015: Powersecure International (POWR Updated Trend Analysis) announced that it has acquired ESCO Energy Services, Inc. (ESCO), a private company based in Lenox, Massachusetts that provides lighting retrofit solutions which deliver energy savings for large energy services companies and commercial and industrial, institutional, utility and municipal customers across North America.

The company provides full turnkey energy efficiency services including energy audits, engineering and design, materials procurement, project management, implementation and verification. Since its inception in 1992, ESCO has delivered more than 300 million square feet of lighting upgrades.

PowerSecure paid approximately $1.8 million in total consideration, including cash and promissory notes. ESCO could also receive earn-out payments through 2018 if it exceeds certain contracted sales targets that would reflect meaningful growth.

PowerSecure anticipates that the transaction will be accretive to EPS, beginning in 2016.

ESCO currently has $0.7 million in contracted backlog and is actively pursuing a large pipeline of potential opportunities.

October 21, 2015: PowerSecure International (POWR Updated Trend Analysis) awarded $50M in new business awards PowerSecure International, Inc. announced it has been awarded approximately $50 million in new business, including approximately $33 million of new distributed generation (DG) business, approximately $9 million of new energy efficiency business and approximately $8 million of new utility infrastructure business. The new business awards include: Distributed Generation- Approximately $6 million in new and expanded data center projects, including facility expansions and additional electrical controls and infrastructure investment from a large existing co-location data center customer. Approximately $18 million in new turnkey DG projects for utility, retail and municipal customers. Approximately $9 million in five-year renewals for company-owned distributed generation systems located at multiple stores and distribution centers for a Fortune 500 retailer. Approximately $3 million for utility infrastructure upgrades for the federal government. Approximately $3 million to upgrade substations at a major university. Approximately $2 million of new transmission, distribution and grid hardening projects for new and existing utility customers. Approximately $4 million for energy efficiency projects with a new state agency customer in the Northeastern U.S. that manages energy efficiency projects in that state. Approximately $3 million for municipal, university and other energy efficiency programs in Canada for a major energy services company (ESCO) customer. Approximately $2 million for new federal, state and university energy efficiency projects in the U.S. for ESCO and other customers.

October 19, 2015: PowerSecure International names Eric Dupont as CFO; effective immediately Mr. Dupont has 19 years of senior finance experience with public and private companies in the energy and utility sectors, and Big Four accounting firm experience. He was previously executive vice president of finance and administration at PowerSecure, where his responsibilities included corporate budgeting, cost control, financial planning and analysis (FP&A), cash management, corporate performance and financial metrics, and structured finance, among other leadership responsibilities. Mr. Dupont is a certified public accountant. He graduated cum laude with a bachelor’s degree in business administration from Appalachian State University and holds a master’s degree in taxation from the University of Denver.

September 10, 2015: Oppenheimer Initiates POWR with Outperform, price target $15.

PowerSecure International (POWR Updated Trend Analysis) is a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation (IDG ), solar energy, energy efficiency and utility infrastructure.