Stocks Alert: Baker Hughes Incorporated (NYSE:BHI), Canadian Solar Inc. (NASDAQ:CSIQ), Globalstar, Inc. (NYSEMKT:GSAT)

On Monday, Shares of Baker Hughes Incorporated (NYSE:BHI), subtract -0.83% and closed at $50.03 in the last trading session. The last trading range of the stock ranges between $49.62 and $50.38. Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which include drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services. Its drilling and evaluation products and services also comprise wire line services, such as tools for open hole and cased hole well logging to gather data to perform petro physical and geophysical analysis; reservoir evaluation coring; casing perforation; fluid characterization; production logging; well integrity testing; pipe recovery; and seismic and micro seismic services. In addition, the company provides completion and production products and services consisting of completion systems used to control the flow of hydrocarbons within a wellbore; wellbore intervention products and services to enhance the performance of existing wellbores; intelligent production system products and services to monitor and control the production from individual wells or fields; artificial lifts, such as electric submersible pump systems, progressing cavity pump systems, gas lift systems, and surface horizontal pumping systems to lift oil and water; chemicals and chemical application systems; and cementing, stimulation, and coil tubing services.

Canadian Solar Inc. (NASDAQ:CSIQ), jumped 1.75% and closed at $13.98 in the last trading session. The last trading range of the stock ranges between $13.66 and $14.13. The company’s Market capitalization is $781.37 million with the total Outstanding Shares of 55.97 Billion. Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (CSIQ), one of the world’s leading solar power companies, recently declared commercial operation of the 60 MWac/78 MWp Barren Ridge solar photovoltaic (PV) project developed by the Company’s wholly owned partner Recurrent Energy. The Barren Ridge solar project, also known as the RE Cinco project, supplies electricity and associated renewable energy credits (RECs) to the Los Angeles Department of Water and Power (LADWP) under a long-term power purchase agreement.

“We are proud to work with LADWP to bring solar power to the city of Los Angeles and share their commitment to a clean energy future,” said Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. “This is the Company’s third U.S. solar project to reach commercial operation this year, a milestone that would not be possible without the hard work and partnershipwith our partners.”

LADWP, which was named among the top 10 utilities connecting the most solar megawatts to the power grid in 2015 by the Smart Electric Power Alliance (SEPA), will use the clean solar electricity produced by the Barren Ridge solar project to power more than 25,000 homes in Los Angeles.

Globalstar, Inc. (NYSEMKT:GSAT), remained flat and closed at $1.21 in the last trading session. The last trading range of the stock ranges between $1.20 and $1.22. During the 52-week trading session the minimum price at which share price traded, registered at $0.63 and reached to max level of $3.00. Globalstar, Inc. (GSAT) and its partner, ADS-B Technologies, declared the completion of the NASA Langley Research Center research flight with the Cirrus SR22 Unmanned Aerial System (UAS) Surrogate designed to test the operation of the ADS-B Link Augmentation System (ALAS). Initial results indicated continuous communication between the aircraft and Globalstar’s satellite system with only brief interruptions during extreme maneuvering, which reconnected quickly.

The Cirrus SR22 test flights focused on testing the ability of ALAS to continuously pass two-way data between the aircraft and NASA’s ground control station using remote control capabilities. The first of two 40 minute flights included extreme maneuvering with two 60 degree bank angle turns specifically designed to test the ALAS connection. The second flight produced similar results during a series of maneuvers involving heading and altitude changes.

“NASA not only demonstrated that ALAS could perform well in maneuvers, but also confirmed that complex data such as flight control commands and aircraft state and status could be passed to a controller over the same robust Globalstar link in real time,” said Skip Nelson, President of ADS-B Technologies. “This tells us that ALAS could provide a single, secure and potentially encrypted portal between the aircraft and the ground.”

Leave a Reply

Your email address will not be published. Required fields are marked *