ThePhiladelphia Utility Index closed down 0.03% to 616.26 as most components movedlower on Thursday, April 7. AmericanElectric Power Co. Inc. dropped 0.20% to $65.50, climbed 0.30%to $72.97 and NextEra Energy Inc.shed 0.45% to $116.19, all in light trading.
TheDow Jones Utility Average gained 0.04%, to 656.44.
fell in 0.16%somewhat below-average trading to end at $56.80, after the retirement of Presidentand CEO Tom May as of May 4. He will be succeeded by Jim Judge, who currentlyserves as the company's executive vice president and CFO.
Separately,in comments to Connecticut regulators, KinderMorgan Inc. and New England commercial natural gas consumersaccused Eversource ofpushing states to set new pipeline capacity at a low level to serve its owncorporate interests and cut out the Houston-based pipeline operator's ownproject. Kinder Morgan shed 0.40% in light volume to close at $17.53.
advanced 0.02% inweak volume to finish at C$49.54 on the Toronto Stock Exchange. The companyplans to leverage thedepressed commodity price environment by seizing both traditional andnon-traditional investment opportunities, according to one of its seniorexecutives, who believes the opportunity will rebuff investor concerns aboutthe Canadian giant's long-term growth prospects.
gained 8.43% in below-average trading to end at $1.25, after the NYSE notifiedthe company of noncompliancewith the continued listing requirements. Southcross' noncompliance stems from itsfailure to timely file its annual report on Form 10-K for the fiscal year endedDec. 31, 2015.
TheSNL Midstream Energy Index rose 0.04% to 94.42.
Severalinsiders of Illinois Basin coal miner HalladorEnergy Co., which has seen its stock fall by more than 60% over thepast year in concert with a broad industry downturn, have been shares of the companyrecently, SEC filings show. Hallador Energy shares fell 4.32% to $4.43 in theApril 7 session.
Amongother coal stocks, AllianceResource Partners LP shed 1.29% in weak trading to end at $11.50and Foresight Energy LPlost 4.07% in thin volume to close at $1.18.
declined 0.50% in strong trading to close at $14.07 after first-quarter cash availablefor distribution of $18.3 million, about 18% above guidance the company issuedin January, and a net loss of $7.1 million, down 23% from a loss of $9.2million in the quarter ended March 29, 2015.
8point3,the yieldco formed by SunPowerCorp. and First SolarInc., said it has the firepower to meet growth targets over thenext several years even as it pushes out some planned acquisitions in responseto a market rout and tax-credit extension that gave developers more time tobuild renewable energy projects.
SunPowerlost 0.56% to $21.39 and First Solar shed $2.39% to $61.26.
Maynatural gas futures surged and posted a settlement back above $2/MMBtu for thefirst time since early February on Thursday, April 7, amid speculative buyingas market participants shrugged off a bearish natural gas inventory report infavor of cold weather forecasts for April. The contract hit a $2.024/MMBtu highbefore backing down to a finish10.7 cents higher at $2.018/MMBtu.
TheDow Jones Industrial Average dropped 0.98% to 17,541.96 and the S&P 500lost 1.20% to 2,041.91.
Market prices and indexvalues are current as of the time of publication and are subject to change.