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CenterPoint Energy, Inc. (NYSE: CNP) shares closed down 5.19 percent on Tuesday with nearly 23 million shares traded. The stock had one of the highest volume increases on the NYSE yesterday. CenterPoint Energy, Inc. (CNP), OGE Energy Corp. (OGE) and ArcLight Capital Partners, LLC announced yesterday that Enable Midstream Partners, LP has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) related to the proposed initial public offering of its common units representing limited partner interests. The offering is expected to occur in the first quarter of 2014.
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Nuance Communications, Inc. (NASDAQ: NUAN) shares dropped 18.07 percent on Tuesday on a little over 64 million shares traded. The stock hit a new 52-week low of $13.00 during intra-day trading and had one of the largest percentage drops on the NASDAQ. The Company met fiscal Q4 earnings and revenue targets, but guided Q1 and full-year earnings below consensus projections. Nuance software is the force behind Siri voice recognition feature on the Apple Inc. iPhones.
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China Zenix Auto International Limited (NYSE: ZX) shares closed down 21.80 percent on Tuesday and hit a new 52-week low of $2.25 during intra-day trading. The stock traded a little more than 700,000 shares yesterday. The Company announced on Monday that its board of directors has received a preliminary non-binding proposal for a business restructuring of the company from Janhui Lai, the chairman of the company's board of directors and CEO, and RichWise International Investment Group Limited and certain of its affiliated entities.
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Neah Power Systems, Inc. (OTCBB: NPWZ) shares closed up 66.67 percent on Tuesday with over 13.8 million shares traded. The stock had one of the biggest volume surges in the OTCBB market. The Company announced that they have completed a fuel cell technology asset acquisition that bolsters its current product line up, and opens up new market opportunities in the renewable energy sector. Neah Power Systems, Inc. issued 23,198,600 restricted common shares at a price of $0.019 per share, to Clean Tech Investors LLC (the "Seller") for a purchase price of $440,000 pursuant to the terms of an Asset Purchase Agreement.
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