On Thursday, Shares of CyrusOne Inc (NASDAQ: CONE), subtract 39.66% and closed at $39.66 in the last trading session. The last trading range of the stock ranges between $39.14 and $42.04. Global colocation solutions provider CyrusOne (CONE) recently declared that as a result of tax grant incentive agreement between the City and CyrusOne, the company has generated $3 million in tax savings for customers operating in CyrusOne’s Carrollton Texas data center. Passed in June 2013, the Carrollton tax incentive is an addition to the Texas state incentives, (H.B. No. 1223) which eliminated the state sales and use tax of 6.25 percent on data center utilities, infrastructure, and networks purchases. The Carrollton-specific incentive rebates up to another 0.5 percent in sales and use tax for the same customer purchases, or up to 50 percent of the taxes the city would normally receive.
“As the leading operating data center in Texas, CyrusOne’s Carrollton facility has been a tremendous source of job growth and investment for the greater Dallas and Carrollton area. The tax incentives have thus far saved our customers $3 million since 2013 which we believe to be one of the highest incentives in the state,” said Gary Wojtaszek, president and CEO. “This data center facility is about one-quarter-mile long, or large enough to house six 747 airplanes or two Washington Monuments. The data center offers up to 26 Megawatts of power, which is enough to power 20,000 homes. CyrusOne is the only data center provider in the greater Dallas area offering this type of return on investment. Bold leaders such as Carrollton City Manager Leonard Martin and Mayor Matthew Marchant epitomize what makes the DFW community such a vibrant business environment by assisting to attract companies to locate their mission critical information technology in Carrollton.”
Clean Energy Fuels Corp (NASDAQ:CLNE), dropped -3.72% and closed at $3.62 in the last trading session. The last trading range of the stock ranges between $3.55 and $3.85. The company’s Market capitalization is $515.95 Billion with the total Outstanding Shares of 136.84 million. Clean Energy Fuels Corp. (CLNE) (“Clean Energy” or the “Company”) recently declared operating results for the third quarter ended September 30, 2016.
The Company delivered 84.5 million gallons in the third quarter of 2016, a 5% increase from 80.6 million gallons delivered in the third quarter of 2015.
Revenue for the third quarter of 2016 was $97.0 million, a 5% increase from $92.3 million for the third quarter of 2015. The Company’s deliveries of vehicle fuel, renewable natural gas, customer station construction activity and excise tax credits for alternative fuels (“VETC”) raised revenue in the third quarter of 2016.
Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer, stated, “I’m happy with our third quarter financial results together with our growth in volumes and improved capital structure, particularly the dramatic reduction in our current debt balance. And we continue to see positive momentum in the use of natural gas and renewable natural gas as a vehicle fuel as demonstrated by multiple customer gains and expansions.”