International Business Machines Corp. Stock Falls Wednesday, Underperforms Market

RE Royalties Ltd

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Utilities : Independent Power & Renewable Electricity Producers | Small Cap Blend
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.

International Business Machines Corp. Stock Falls Wednesday, Underperforms Market

5:00 pm ET January 19, 2022 (MarketWatch) Print

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

Shares of International Business Machines Corp. (IBM) slipped 1.02% to $131.58 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.97% to 4,532.76 and Dow Jones Industrial Average falling 0.96% to 35,028.65. This was the stock's third consecutive day of losses. International Business Machines Corp. closed $14.41 below its 52-week high ($145.99), which the company reached on June 10th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Apple Inc. (AAPL) fell 2.10% to $166.23, Microsoft Corp. (MSFT) rose 0.22% to $303.33, and Alphabet Inc. Cl A (GOOGL) fell 0.65% to $2,702.33. Trading volume (4.1 M) remained 1.4 million below its 50-day average volume of 5.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 19, 2022.

-MarketWatch Automation

(END) Dow Jones Newswires

January 19, 2022 17:00 ET (22:00 GMT)