|By PR Newswire||
|August 27, 2014 09:30 AM EDT||
CHICAGO, Aug. 27, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Verizon Communications (NYSE:VZ-Free Report), SunPower Corp. (Nasdaq:SPWR-Free Report), Apple Inc. (Nasdaq:AAPL-Free Report), eBay (Nasdaq:EBAY-Free Report) and Google (Nasdaq:GOOGL-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday's Analyst Blog:
Verizon Inks Deal with SunPower for $40M in Solar Sites
Verizon Communications (NYSE:VZ-Free Report) has announced its plans to spend nearly $40 million to build 10.2 megawatts (MW) of new solar energy systems covering eight cell sites in five U.S. states. The company has tied up with SunPower Corp. (Nasdaq:SPWR-Free Report) for the installation of these solar systems.
We believe this action will not only allow Verizon to conserve energy and resources but also increase cost efficiency by minimizing operational expenses.
Following in the footsteps of Apple Inc. (Nasdaq:AAPL-Free Report), eBay (Nasdaq:EBAY-Free Report) and Google (Nasdaq:GOOGL-Free Report), Verizon's latest expansion plans include the installation of alternative energy sources at its cell sites to cut carbon emissions footprint considerably by 2020. The plan remains part of the company's "on-site green energy program" launched last year.
According to reports, Verizon has already invested $100 million in this project and looks forward to attain a 25MW system upon its completion. This will enable the company to power more than 8,500 homes per year and eliminate 22,000 metric tons of carbon.
With this latest strategy in place, Verizon is expected to be among the top U.S. companies in terms of the number of solar system installations and solar-energy generating capacity. In 2013, Verizon surpassed its goal of deploying 10MW target using both solar-power systems and fuel cells.
Further, going by market reports, the latest solar energy expansion plans will enable the company to emerge as the numero uno in the telecom industry in terms of adopting solar power.
Verizon currently has a Zacks Rank #3 (Hold).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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