At a City Council meeting on Monday, May 10, two bond sales for the project were approved.
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The Perham Area Community Center s construction has been underway. (RosaLin Alcoser/Focus)
The Perham Area Community Center project to update and add activities such as a therapy pool, has gotten underway. At a City Council meeting on Monday, May 10, two bond sales were approved to help pay for the project.
Northland Securities will issue a $4.55 million sales tax revenue bond. This bond will be paid by sales tax revenue. Piper Sandler and Co will issue a $4.085 million tax abatement bond. This bond will be paid by donations and pledges. Both of these bonds are for the PACC project.
As of 1 p.m. EDT, Enphase shares are up a respectable 2%, Plug stock is even better with a 2.8% gain, and Bloom is bouncing back 5%.
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So what
Macroeconomic news is contributing to the Nasdaq s rally, and giving the new energy tech stocks a bit of breathing room. On the one hand, U.S. Treasury Secretary Janet Yellen has walked back her comments early in the week, that had appeared to predict rising interest rates that could stifle economic growth and curb the appeal of tech stocks. The Secretary s new position is that, firstly, I don t think there s going to be an inflationary problem, and secondly, even if there is, the Fed can be counted on to address it.
Markets
In a report released today, Mehdi Hosseini from Susquehanna reiterated a Hold rating on Teradyne (TER – Research Report), with a price target of $133.00. The company’s shares closed last Wednesday at $133.83, close to its 52-week high of $147.90.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 14.0% and a 56.8% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.
Currently, the analyst consensus on Teradyne is a Moderate Buy with an average price target of $131.00, which is a -5.6% downside from current levels. In a report released today, Northland Securities also assigned a Hold rating to the stock with a $95.00 price target.
Markets
Northland Securities analyst Gus Richard maintained a Buy rating on Camtek (CAMT – Research Report) today and set a price target of $41.00. The company’s shares closed last Wednesday at $35.03, close to its 52-week high of $35.24.
According to TipRanks.com, Richard is a top 100 analyst with an average return of 37.3% and a 74.3% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Power Integrations, and Himax Technologies.
Currently, the analyst consensus on Camtek is a Strong Buy with an average price target of $38.75, implying an 11.4% upside from current levels. In a report issued on April 26, Stifel Nicolaus also maintained a Buy rating on the stock with a $35.00 price target.