Bullish Stock With Strong Beta (Large Cap companies): $FLR $PTEN $SPWR – Wire Real Estate

Bullish Stock With Strong Beta (Large Cap companies): $FLR $PTEN $SPWR




Sep 3, 2020

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Fluor Corporation is bullish as it completing divesting its AMECO Caribbean, Inc

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Fluor Corporation (NYSE:FLR) has a beta of 2.80 which means though the stock is risky yet offer huge potential returns.

Fluor Corporation has announced the sale of all AMECO Caribbean, Inc's assets to Stewart's Automotive Group in Jamaica. The sale led to the formation of a new company called JAMECO Equipment Company Limited. In September last year, Fluor announced plans to divest AMECO construction rental company. The sale is valued at $22 million.

Patterson-UTI Energy is bullish with stable production capacity

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Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has a beta of 2.76 which means though the stock is risky yet offer huge potential returns.

Patterson-UTI Energy announced that it has 60 drilling rigs operating as of July 2020. The average drilling rigs operating represent the company's average drilling rigs that were earning revenue under a drilling contract. The company has warned that its operating results are likely to be affected by average drilling rigs operating. He also indicated that a company's average operating rigs as a bearing on its financial results.

SunPower is bullish as its completes strategic transaction with Maxeon Solar Technologies

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SunPower Corporation (NASDAQ:SPWR) has a beta of 2.67 which means though the stock is risky yet offer huge potential returns.

SunPower and Maxeon Solar Technologies have announced completing the strategic transaction that they announced in November 2019.The completion of the transaction has created two independent public companies. Each of the companies will separately focus on key issues that drive success in its business line. Both companies are working together to develop and commercialize next generation solar panel technologies.

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