TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Cleco Corp shares have surged to a 52-week high, reaching a price level of $6.88, as investors rally behind the company’s strong performance over the past year. According to InvestingPro data, the company’s market capitalization now stands at $507 million, though analysis suggests the stock may be trading above its Fair Value. The impressive ascent represents a significant turnaround, with the stock charting an exceptional 1-year change of 111.15%. This remarkable growth trajectory has placed Cleco Corp in the spotlight, with a strong current ratio of 4.36 indicating solid liquidity. Market participants are closely monitoring the stock, with the next earnings report due on April 3, 2025. InvestingPro subscribers can access 8 additional key insights about Cleco Corp’s financial health and growth prospects.
In other recent news, Collective Mining Ltd. has announced the appointment of Jasper Bertisen to its Board of Directors. Bertisen brings extensive experience in mining project evaluation, having worked in mining private equity at Resource Capital Funds. His expertise spans due diligence and strategic execution for mining investments, covering a range of commodities and global markets. Additionally, Bertisen has served on several boards and advisory boards for both private and public mining companies and has academic credentials as an Adjunct Professor at the Colorado School of Mines. The company emphasized that Bertisen’s strategic guidance would be instrumental in advancing Collective Mining’s Guayabales project. Collective Mining, known for its exploration of gold, silver, copper, and tungsten, is actively expanding its flagship project, which features the Apollo system. The company plans to continue exploration to enhance the Apollo system and explore new targets. Bertisen is set to be nominated for election at the company’s next Annual General Meeting.
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