For Immediate Release
Chicago, IL – March 5, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: AT&T (T), Verizon (VZ), Sprint Nextel (S), Deutsche Telekom (DT) and U.S. Bancorp (USB).
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Here are highlights from Thursday’s Analyst Blog:
U.S. Broadband Plan a Costly Affair
The FCC recently unveiled its ambitious plan to vastly increase domestic broadband speeds over the next 10 years. The agency seeks Internet service providers to offer broadband speeds of 100 megabits per second (Mbps) to roughly 100 million U.S. homes by 2020. Existing broadband networks offer speeds in the range of 3-10 Mbps.
Another major challenge which FCC seeks to address through the NBP is more effective use of the available spectrum, which is facing impending shortages. The growing popularity of next-generation wireless devices such as smartphones and associated bandwidth-hungry data applications has boosted demand for spectrum among carriers. The FCC foresees that demand for wireless broadband services will soon exceed the supply of spectrum.
To address this need, the FCC is exploring all options to free up unused airwaves currently held by broadcasters and other licensees which could be auctioned to top-tier U.S. carriers such as AT&T (T), Verizon (VZ), Sprint Nextel (S) and Deutsche Telekom’s (DT) U.S. unit, T-Mobile USA.
USB Adds $90M to SolarCity Fund
U.S. Bancorp (USB) has agreed to put an additional $90 million into its fund for privately held SolarCity to finance commercial and residential solar projects in 2010 in Arizona, California, Colorado, Oregon and Texas.
This represents the third deal between U.S. Bancorp and SolarCity. In Jun 2009, U.S. Bancorp Community Development Corporation (USBCDC), a unit of U.S. Bancorp, and SolarCity entered into an agreement to install solar electric panels on homes and businesses in California, Oregon and Arizona for customers who do not prefer to pay the upfront cost of buying and installing a solar energy system. The size of the fund was doubled to $100 million in Oct 2009.
Financing solar installations is attractive for investors like banks as they enjoy tax breaks including a solar tax credit. The federal tax credit is equivalent to 30% of a project’s cost. SolarCity could also apply for the cash equivalent of the tax credit from the U.S. Department of Treasury.
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