Qualcomm Inc. Stock Rises Wednesday, Still Underperforms Market

RE Royalties Ltd

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Based in Canada

Company profile

RE Royalties Ltd. is a Canada-based company, which is primarily engaged in the acquisition of revenue-based royalties from renewable energy generation facilities and other clean energy technologies. The Company provides non-dilutive royalty financing solutions to privately held and publicly traded renewable energy generation and development companies and clean energy technology companies. It provides financing solutions for its clients when traditional financing options are not available or suitable. It has ownership of royalties from renewable energy projects in Canada, the United States, and Europe. Its diversified portfolio includes solar parks, wind farms, and run of the river hydro facilities. The Company owns approximately 104 royalties on solar, wind, hydro, battery storage, and renewable natural gas projects in Canada, Europe, and the United States. The Company's wholly owned subsidiary is RE Royalties (Canada) Ltd.

Qualcomm Inc. Stock Rises Wednesday, Still Underperforms Market

5:20 pm ET December 22, 2021 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Qualcomm Inc. (QCOM) rose 1.00% to $181.38 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.02% to 4,696.56 and the Dow Jones Industrial Average rising 0.74% to 35,753.89. This was the stock's second consecutive day of gains. Qualcomm Inc. closed $11.30 below its 52-week high ($192.68), which the company achieved on December 16th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Alphabet Inc. Cl A (GOOGL) rose 2.05% to $2,928.30, NVIDIA Corp. (NVDA) rose 1.12% to $294.00, and Cisco Systems Inc. (CSCO) rose 0.82% to $61.53. Trading volume (5.2 M) remained 6.1 million below its 50-day average volume of 11.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 22, 2021.

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December 22, 2021 17:20 ET (22:20 GMT)