TopBuild Corp. (BLD Quick QuoteBLD ) has inked a deal with global private equity firm Advent International to acquire the latter’s Distribution International (“DI”) for $1 billion in cash. The transaction is expected to close in fourth-quarter 2021, subject to customary closing conditions.
President and chief executive officer of TopBuild, Robert Buck, said, “Following the closing of this transaction, TopBuild will be the leader of energy saving insulation solutions in all three major end-markets: residential, commercial, and industrial. Increasingly stricter....More>>>
Shares of natural gas fuel company Clean Energy Fuels Corp (NASDAQ:CLNE) fell as much as 12.7% in trading Friday as oil prices continue to swing wildly on the market. Shares gained back some of their losses late in the day but were still down 8.7% at 3:25 p.m. EDT.
Yesterday, fellow Fool Jason Hall highlighted how rising oil prices were helping push Clean Energy Fuels’ shares higher. That trade reversed course today with WTI crude oil prices down 2% to $65.68 and Brent crude oil down 1.1% to $76.69 as I’m writing.
The purpose of this article is to articulate why I believe The Stars Group (NASDAQ:TSG) is an attractive investment option at its current market price. While there are multiple tailwinds on the horizon, the top story is a favorable Supreme Court ruling. This should pave the way for more states in the U.S. to allow online sport gambling, which TSG is uniquely poised to benefit from. Furthermore, TSG recently entered in to an agreement to acquire Sky Betting & Gaming (SBG), a British-based online gaming company. This acquisition will help firm up TSG’s prominence....More>>>
U.S. President Donald Trump, who made saving mining jobs an earmark of his campaign, is pointing to natural gas’s vulnerability to hackers as justification for bailing out struggling coal-fired and nuclear power plants.
Gas-fired power generators are more vulnerable to cyber attacks than coal plants and nukes because gas must be delivered from remote fields via pipelines, according a draft report by the department. Coal and nuclear plants, on the other hand, keep fuel stored on site, eliminating a potential weak point that could be targeted by malicious hackers.
Shares of Dexcom(NASDAQ:DXCM), a medical device maker focused on diabetes, surged 23% as of 11 a.m. EDT on Thursday. The huge jump is attributable to the release of second-quarter results that smashed expectations and featured a huge boost to guidance.
Here’s a review of the key figures from Dexcom’ssecond quarter:
Revenue jumped 42% to $242.5 million. For perspective, Wall Street was only expecting revenue of $204.9 million, so the company handily beat estimates. Non-GAAP net loss was $9.2 million, or $0.10 per share. That was....More>>>