Globe & Mail Article On Friday, in the U.S., the Dow Jones Industrial Average fell 0.10 per cent, the S&P 500 index lost 0.13 per cent, while the Nasdaq composite index was unchanged.
Turning to Canada, the S&P/TSX composite index retreated 72 points, or 0.46 per cent. The majority of stocks closed with losses.
There were 74 securities in the TSX Index that advanced, 173 securities declined in value, and four stocks closed the day unchanged. Only three sectors finished the day in positive territory.
The TSX Index is up 1.33 per cent year to date.
In today's TSX Breakouts report, there are 32 stocks on the positive breakouts list (stocks with positive price momentum), and 29 stocks are on the negative breakouts list (stocks with negative price momentum).
Featured today is a security from the positive breakouts list that offers investors an attractive yield of 7.5 per cent - Crius Energy Trust (KWH.UN-T).
A brief outline is provided below that may serve as a springboard for further fundamental research.
The Trust
Crius Energy Trust is an energy provider, offering electricity, natural gas, and solar products to its customers across the United States.
After the market closed on March 16, Crius reported its fourth quarter and year-end financial results. Fourth-quarter results were relatively in-line with expectations. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at $13.6-million (U.S.), matching the consensus estimate. In 2016, revenues increased 8.4 per cent to $743.8-million from $686.3-million. Adjusted EBITDA increased 15.4 per cent year-over-year to $52.6-million. The unit price rallied 3 per cent, on high volume, the following trading day.
Crius is focused on both organic and acquisition growth. Last September, Crius announced plans to purchase residential solar installation assets from Verengo Inc., aimed at expanding its solar energy business. The acquisition expected to be completed in the upcoming months.
Mon, 20 Mar 2017 9:22 EDT