Posts Tagged ‘ADES’

ADA-ES Inc. (ADES) stock hikes after sale of joint-venture interest

Monday, June 6th, 2011

ADA-ES Inc. (Nasdaq: ADES) stock surged 54.7% to $15.47 Monday afternoon, on word it was selling its Clean Coal Solutions LLC holdings to an affiliate of Goldman Sachs. Volume of 594,000 shares proved nearly six times its normal daily average.

The sale concerns a 15.8% equity interest in Clean Coal, ADA’s 50:50 joint venture with an affiliate of NexGen Resources Corporation, by ADA and NexGen for $60 million to GSFS Investments I Corp., an affiliate of The Goldman Sachs Group, Inc. Closing of the transaction was simultaneous with signing.

Clean Coal’s patented coal technology, CyClean, is a cost-effective coal technology to produce Refined Coal, which reduces emissions of NOx and mercury.

Dr. Michael D. Durham, CEO of ADA-ES said, “We are very pleased to welcome this additional investment by Goldman Sachs. We believe that their continued financial interest in Clean Coal further validates the environmental and financial benefits of this proven emissions control technology.

“As we continue to assess ADA’s liabilities resulting from the arbitration panel’s recent interim award to Norit Americas, Inc. and related indemnity obligations, this cash infusion enhances our balance sheet and our ability to fulfill those obligations.”

ADA-ES is a leader in clean coal technology and the associated specialty chemicals, serving the coal-fueled power plant industry.

GLBC flies, C steady, ADES ails

Monday, April 11th, 2011

Global Crossing Ltd. (Nasdaq: GLBC) shares surged 60.4% to $23.74, on volume of close to seven million shares, overwhelming a daily average around 146,000, after Internet infrastructure provider Level 3 Communications Inc. (Nasdaq: LVLT) said it would acquire its smaller rival..

Citigroup Inc. (NYSE: C) was a volume champion in early trading Monday morning on Wall Street, dealing in 94.5 million shares, compared to 478.8 million. Share prices were off 0.6% to $4.54, after announcing C was putting its European headquarters on the market for $1.6 billion.

ADA-ES Inc. (Nasdaq: ADES) swooned 38% Monday morning to $13.68, on volume of 335,700 shares, compared to regular volume of 52,729, after an arbitration panel ordered ADES to $38 million to Norit Americas for breach of contract.

ADES goes skyward, MGM does loads of business, AMN trips

Monday, December 20th, 2010

ADA-ES, Inc. (Nasdaq: ADES) tacked on 11.05 percent in price Monday to $10.85 Volume of 378,513 shares proved more than 12 times its full-day average. ADES announced that the Tax Relief and Job Creation Act of 2010 extended the “placed-in-service” date for the Section 45 tax credits by two years to January 1, 2012.

MGM Resorts International (NYSE: MGM) traded in 29,662,833 shares, making it a volume leader, but still below its daily average of 35,939,000. Share prices moved up 4.55 percent to $14.27. MGM is one of the world’s leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage.

Ameron International Corp. (NYSE: AMN) gave back 8.11 percent in price Monday to $77.29, on volume of 195,639 shares, nearly triple its daily average. AMN is a multinational manufacturer of highly-engineered products and materials for the chemical, industrial, energy, transportation and infrastructure markets.