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Hot Stocks
Infrastructure and Energy Alternatives prices $300M offering of senior notes » 09:09
08/09/21
08/09
09:09
08/09/21
09:09
IEA

Infrastructure and Energy Alternatives

$12.60 /

+0.005 (+0.04%)

Infrastructure and Energy…

Infrastructure and Energy Alternatives announced that its wholly owned subsidiary, IEA Energy Services, priced the previously announced offering of $300.0 million aggregate principal amount of its 6.625% senior notes due 2029 on August 6, 2021. The Notes were priced at $98.485 per $100 principal amount and will be guaranteed on a senior unsecured basis by IEA and certain of its domestic wholly-owned subsidiaries. The Company expects that the closing of the Notes Offering will occur on August 17, 2021, subject to the satisfaction of customary closing conditions. We intend to use the net proceeds from the Notes Offering to repay the balance outstanding under our term loan under our Third Amended and Restated Credit agreement and to pay for the redemption of a portion of our outstanding Series B Preferred Stock.

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IEA Infrastructure and Energy Alternatives
$12.60 /

+0.005 (+0.04%)

IEA Infrastructure and Energy Alternatives
$12.60 /

+0.005 (+0.04%)

05/10/21 Stifel
Infrastructure and Energy Alternatives initiated with a Buy at Stifel
05/04/21 Guggenheim
Infrastructure and Energy Alternatives initiated with a Buy at Guggenheim
11/11/20 DA Davidson
Infrastructure and Energy Alternatives price target raised to $13 at DA Davidson
IEA Infrastructure and Energy Alternatives
$12.60 /

+0.005 (+0.04%)

  • 29
    Jul
  • 04
    Feb
Syndicate
Infrastructure and Energy Alternatives 8.152M share Spot Secondary priced at $11.00 » 08:53
07/29/21
07/29
08:53
07/29/21
08:53
IEA

Infrastructure and Energy Alternatives

$11.67 /

+0.31 (+2.73%)

Guggenheim acted as lead…

Guggenheim acted as lead book running manager for the offering.

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IEA Infrastructure and Energy Alternatives
$11.67 /

+0.31 (+2.73%)

IEA Infrastructure and Energy Alternatives
$11.67 /

+0.31 (+2.73%)

05/10/21 Stifel
Infrastructure and Energy Alternatives initiated with a Buy at Stifel
05/04/21 Guggenheim
Infrastructure and Energy Alternatives initiated with a Buy at Guggenheim
11/11/20 DA Davidson
Infrastructure and Energy Alternatives price target raised to $13 at DA Davidson
IEA Infrastructure and Energy Alternatives
$11.67 /

+0.31 (+2.73%)

  • 29
    Jul
  • 04
    Feb
Syndicate
Infrastructure and Energy Alternatives announces stock, warrants offering » 16:40
07/28/21
07/28
16:40
07/28/21
16:40
IEA

Infrastructure and Energy Alternatives

$11.67 /

+0.31 (+2.73%)

Infrastructure and Energy…

Infrastructure and Energy Alternatives announced that it intends to offer and sell shares of common stock and, to certain investors in lieu thereof, pre-funded warrants to purchase shares of common stock, in an underwritten public offering. IEA intends to use the net proceeds from the offering to redeem a portion of its outstanding Series B Preferred Stock and pay the associated redemption premium as described in the preliminary prospectus supplement relating to the offering. Guggenheim Securities is acting as book-running manager and representative of the underwriters for the offering. BMO Capital Markets, CIBC World Markets, and Fifth Third Securities are acting as joint book-runners for the offering.

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IEA Infrastructure and Energy Alternatives
$11.67 /

+0.31 (+2.73%)

IEA Infrastructure and Energy Alternatives
$11.67 /

+0.31 (+2.73%)

05/10/21 Stifel
Infrastructure and Energy Alternatives initiated with a Buy at Stifel
05/04/21 Guggenheim
Infrastructure and Energy Alternatives initiated with a Buy at Guggenheim
11/11/20 DA Davidson
Infrastructure and Energy Alternatives price target raised to $13 at DA Davidson
IEA Infrastructure and Energy Alternatives
$11.67 /

+0.31 (+2.73%)

  • 04
    Feb
Earnings
Infrastructure and Energy Alternatives backs FY21 revenue view $1.8B-$1.95B » 16:04
07/28/21
07/28
16:04
07/28/21
16:04
IEA

Infrastructure and Energy Alternatives

$11.67 /

+0.31 (+2.73%)

Consensus $1.85B. The…

Consensus $1.85B. The company said, "For the full year 2021, IEA is reaffirming its revenue and Adjusted EBITDA guidance ranges. The Company continues to expect full year 2021 revenue in the range of $1.80 billion to $1.95 billion and Adjusted EBITDA for the year in the range of $130 million to $140 million. For a reconciliation of Adjusted EBITDA, please see the table at the end of this release."

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IEA Infrastructure and Energy Alternatives
$11.67 /

+0.31 (+2.73%)

IEA Infrastructure and Energy Alternatives
$11.67 /

+0.31 (+2.73%)

05/10/21 Stifel
Infrastructure and Energy Alternatives initiated with a Buy at Stifel
05/04/21 Guggenheim
Infrastructure and Energy Alternatives initiated with a Buy at Guggenheim
11/11/20 DA Davidson
Infrastructure and Energy Alternatives price target raised to $13 at DA Davidson
IEA Infrastructure and Energy Alternatives
$11.67 /

+0.31 (+2.73%)

  • 04
    Feb
Earnings
Infrastructure and Energy Alternatives reports Q2 EPS 12c, consensus 20c » 16:03
07/28/21
07/28
16:03
07/28/21
16:03
IEA

Infrastructure and Energy Alternatives

$11.68 /

+0.32 (+2.82%)

Reports Q2 revenue…

Reports Q2 revenue $560.15M, consensus $491.21M. Backlog increased by $86M during Q2 to a record amount of $2.8B; the company expects to recognize $1.8B of backlog over the next 12 months. "IEA generated record revenue in the second quarter and ended the quarter with more business in backlog than at any time in our Company's history. Backlog increased by $86.0 million during the quarter to a record $2.8 billion. The growth in our revenue and backlog during the second quarter reflects continued strong demand in our Renewables Segment, particularly in our solar business where revenues totaled $108 million, up nearly 1,500% year-over-year. 2021 is unfolding as expected, and so we are reaffirming the revenue and Adjusted EBITDA guidance we provided in May. We expect our earnings to accelerate, however, throughout the remainder of the year as COVID-19-related project delays abate and we return to normal permitting and construction timelines," said J.P. Roehm, IEA's president and CEO.

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IEA Infrastructure and Energy Alternatives
$11.68 /

+0.32 (+2.82%)

IEA Infrastructure and Energy Alternatives
$11.68 /

+0.32 (+2.82%)

05/10/21 Stifel
Infrastructure and Energy Alternatives initiated with a Buy at Stifel
05/04/21 Guggenheim
Infrastructure and Energy Alternatives initiated with a Buy at Guggenheim
11/11/20 DA Davidson
Infrastructure and Energy Alternatives price target raised to $13 at DA Davidson
  • 04
    Feb
Hot Stocks
Infrastructure and Energy Alternatives awarded ash removal contract by Dominion » 09:08
07/22/21
07/22
09:08
07/22/21
09:08
IEA

Infrastructure and Energy Alternatives

$12.67 /

+0.76 (+6.38%)

, D

Dominion

$74.73 /

-0.93 (-1.23%)

Infrastructure and Energy…

Infrastructure and Energy Alternatives (IEA) announced that the company has been awarded the Chesterfield Coal Ash Removal contract at the Chesterfield Power Station in Virginia. Dominion Energy (D) awarded this project to Saiia Construction, a subsidiary of IEA that specializes in industrial heavy civil construction for the power generation, aggregate mining, and pulp and paper sectors. Legislation passed during the 2019 Virginia General Assembly requires Dominion Energy to remove all coal ash totaling approximately 15M cubic yards at the Chesterfield Power Station. The coal ash must be recycled or placed in a lined landfill meeting federal coal ash residual and Virginia CCR regulations. Saiia Construction has been tasked with the closure of the Upper and Lower Ash Ponds at Chesterfield. Work began this past May and is expected to take approximately 13 years to complete. Saiia Construction will self-perform a full range of services from the hauling and management of conditioned CCR onsite to landfill maintenance and the full closure of the plant's impoundments. It is anticipated that at least seven million cubic yards of CCR will be recycled, while the remaining material will be stored in the station's state-of-the-art lined landfill.

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IEA Infrastructure and Energy Alternatives
$12.67 /

+0.76 (+6.38%)

D Dominion
$74.73 /

-0.93 (-1.23%)

IEA Infrastructure and Energy Alternatives
$12.67 /

+0.76 (+6.38%)

05/10/21 Stifel
Infrastructure and Energy Alternatives initiated with a Buy at Stifel
05/04/21 Guggenheim
Infrastructure and Energy Alternatives initiated with a Buy at Guggenheim
11/11/20 DA Davidson
Infrastructure and Energy Alternatives price target raised to $13 at DA Davidson
D Dominion
$74.73 /

-0.93 (-1.23%)

07/13/21 Mizuho
Dominion price target lowered to $77 from $80 at Mizuho
07/06/21
Fly Intel: Top five analyst upgrades
07/06/21 Scotiabank
Dominion upgraded to Outperform on 'discounted valuation' at Scotiabank
07/06/21 Scotiabank
Dominion upgraded to Outperform from Sector Perform at Scotiabank
D Dominion
$74.73 /

-0.93 (-1.23%)

  • 04
    Feb
D Dominion
$74.73 /

-0.93 (-1.23%)

Hot Stocks
Infrastructure and Energy Alternatives awarded wind construction contract » 09:04
07/21/21
07/21
09:04
07/21/21
09:04
IEA

Infrastructure and Energy Alternatives

$11.96 /

+0.63 (+5.56%)

Infrastructure and Energy…

Infrastructure and Energy Alternatives announced that the company has been awarded the Panorama Wind Farm contract. Leeward Renewable Energy awarded this project to IEA Constructors, a subsidiary of IEA that manages utility-scale renewable energy and heavy civil infrastructure projects. The award is for the construction of the 145 megawatt utility-scale wind farm in Weld County, Colorado. Construction of the Panorama Wind Farm will begin in July and is expected to be completed in December 2021. IEA will self-perform all of the engineering, procurement and construction needs of the project, including the construction of 23 miles of private access roads, the improvement of existing public and private access roads, the installation of foundations, the offloading of equipment and the erection of 66 Vestas wind turbine generators.

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IEA Infrastructure and Energy Alternatives
$11.96 /

+0.63 (+5.56%)

IEA Infrastructure and Energy Alternatives
$11.96 /

+0.63 (+5.56%)

05/10/21 Stifel
Infrastructure and Energy Alternatives initiated with a Buy at Stifel
05/04/21 Guggenheim
Infrastructure and Energy Alternatives initiated with a Buy at Guggenheim
11/11/20 DA Davidson
Infrastructure and Energy Alternatives price target raised to $13 at DA Davidson
  • 04
    Feb
Hot Stocks
Infrastructure and Energy Alternatives secures $126M construction project » 09:05
07/20/21
07/20
09:05
07/20/21
09:05
IEA

Infrastructure and Energy Alternatives

$11.33 /

-0.42 (-3.57%)

Infrastructure and Energy…

Infrastructure and Energy Alternatives announced that the company was awarded a $126M construction contract from the Illinois Department of Transportation. Work under the contract will be performed by IEA's William Charles Construction and White Construction subsidiaries. The contract is for the reconstruction of the I-57 and I-74 interchange and replacement of the existing, full cloverleaf interchange with a semi-directional interchange composed of two directional flyovers, two loop ramps and two outer ramps in Champaign-Urbana, Illinois. Work on the project is expected to begin in August 2021 and to be completed in November 2023. The proposed improvements include pavement and shoulder milling and resurfacing, ramp reconfiguration and pavement, construction of six new ramps and six new bridges as well as drainage and safety improvements among other items required to complete the planned improvements. This project is part of the Rebuild Illinois capital program under which the state will be investing $33.2B into Illinois' transportation system over a six-year period to improve safety, create jobs and promote economic growth.

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IEA Infrastructure and Energy Alternatives
$11.33 /

-0.42 (-3.57%)

IEA Infrastructure and Energy Alternatives
$11.33 /

-0.42 (-3.57%)

05/10/21 Stifel
Infrastructure and Energy Alternatives initiated with a Buy at Stifel
05/04/21 Guggenheim
Infrastructure and Energy Alternatives initiated with a Buy at Guggenheim
11/11/20 DA Davidson
Infrastructure and Energy Alternatives price target raised to $13 at DA Davidson
  • 04
    Feb
Hot Stocks
Infrastructure and Energy Alternatives awarded $70M contract in Illinois » 09:16
07/01/21
07/01
09:16
07/01/21
09:16
IEA

Infrastructure and Energy Alternatives

$12.86 /

+0.05 (+0.39%)

Infrastructure and Energy…

Infrastructure and Energy Alternatives announced that the company has been awarded the Big Sky Repower balance of plant project valued at approximately $70M. Vitol, a leading energy company awarded the project to White Construction, a subsidiary of IEA that manages utility-scale renewable energy and heavy civil infrastructure projects. The award is for the repowering of a 240 megawatt utility-scale wind farm in the Bureau and Lee Counties of Illinois. Work on repowering the Big Sky Wind Farm will begin in August 2021 and is expected to be completed in July 2022. IEA will self-perform all of the engineering, procurement and construction needs of the project, including full decommissioning and foundation removal of five wind turbine generators and the repowering of 109 WTGs, including the replacement of nacelles, hubs, blades and adaptor rings. By the end of the construction, it is expected that the project will increase the wind farm's annual output by approximately 60%.

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IEA Infrastructure and Energy Alternatives
$12.86 /

+0.05 (+0.39%)

IEA Infrastructure and Energy Alternatives
$12.86 /

+0.05 (+0.39%)

05/10/21 Stifel
Infrastructure and Energy Alternatives initiated with a Buy at Stifel
05/04/21 Guggenheim
Infrastructure and Energy Alternatives initiated with a Buy at Guggenheim
11/11/20 DA Davidson
Infrastructure and Energy Alternatives price target raised to $13 at DA Davidson
  • 04
    Feb
Hot Stocks
Infrastructure and Energy Alternatives appoints new executive vice president » 09:02
06/25/21
06/25
09:02
06/25/21
09:02
IEA

Infrastructure and Energy Alternatives

$12.70 /

+0.56 (+4.61%)

Infrastructure and Energy…

Infrastructure and Energy Alternatives announced the appointment of Erin Roth as Executive Vice President, General Counsel & Corporate Secretary, effective immediately. Roth has over twenty years of legal experience, most recently as the Executive Vice President, General Counsel & Secretary of Strada Education Network. Roth is replacing Gil Melman who has left to pursue other opportunities.

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IEA Infrastructure and Energy Alternatives
$12.70 /

+0.56 (+4.61%)

IEA Infrastructure and Energy Alternatives
$12.70 /

+0.56 (+4.61%)

05/10/21 Stifel
Infrastructure and Energy Alternatives initiated with a Buy at Stifel
05/04/21 Guggenheim
Infrastructure and Energy Alternatives initiated with a Buy at Guggenheim
11/11/20 DA Davidson
Infrastructure and Energy Alternatives price target raised to $13 at DA Davidson
  • 04
    Feb

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