Wal-Mart Stores Inc.
) has completed eight solar photovoltaic (PV) arrays in
Massachusetts in order to increase the share of renewable energy
to power its stores and improve energy efficiency.
These solar PV arrays are equipped with almost 10,000 panels
through which they will generate 2.8 million kilowatt hours
(kWh) of energy annually and thus save approximately 1,484 metric
tons of carbon dioxide emissions (CO2e) annually.
Walmart is well on track to reach its goal of supplying 100%
renewable energy. It has recently committed to increase the
production of renewable energy to 7 billion kWh globally every
year by Dec 2020, up 600% from 2010 levels. By 2020, Walmart will
also reduce the intensity of energy required to power Walmart's
buildings globally by 20% compared to 2010 levels.
Walmart is way ahead of other companies when it comes to the
use of renewable power. It has installed over 200 solar plants
and set a goal of installing solar power systems on at least
1,000 rooftops and facilities by 2020. Walmart has plans to
develop projects in wind, fuel cells and other technologies.
We believe that Walmart's commitment to expand and accelerate
its solar power initiative program will not only create jobs and
protect the environment but will also reduce costs for local
businesses by lowering electricity bills. We thus remain
confident that the company will continue to grow its solar energy
program in the U.S. and around the world.
Very recently, Walmart reported fiscal first quarter 2014
earnings of $1.14 per share, missing the Zacks Consensus Estimate
of $1.15 per share by 0.9%. Earnings were up 4.6% from the
prior-year quarter earnings of $1.09 per share. The first quarter
fiscal 2014 results were within the company's earnings guidance
range of $1.11 to $1.16 per share. Top-line growth coupled with
cost savings boosted earnings in the quarter.
Walmart holds a Zacks Rank #3 (Hold). Other stocks in the
industry that are presently doing favorable business include
Green Mountain Coffee Roasters, Inc.
Harris Teeter Supermarkets Inc
). While Green Mountain holds a Zacks Rank #1 (Strong Buy),
Kroger and Harris Teeter carry a Zacks Rank #2 (Buy).
GREEN MTN COFFE (GMCR): Free Stock Analysis
HARRIS TEETER (HTSI): Free Stock Analysis
KROGER CO (KR): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis
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