Google Inc (NASDAQ:GOOG) declared on Thursday that it has invested $75M in a 50 MW wind farm in Rippey, Iowa, a small town an hour outside of Des Moines.
It is Google’s second wind energy investment in the state. In 2010, Google signed a long-standing agreement to purchase green energy for its Iowa data center, other than this is the firm’s first direct investment into an Iowa wind project.
As the according Google notes, the wind farm, is already in operation and has been contract to sell all of its energy to the Central Iowa Power Cooperative, which will utilized it to offer electricity to regarding 15,000 homes. It gives the impression none of this electricity will be use for Google’s local data center.
Google Inc (NASDAQ:GOOG) stock hit highest price at $660.00, beginning with a price of $650.00 and reported decreased -0.81% to the closed at $647.26 with day range of $643.90-$660.00. The total market capitalization remained $212.69 billion; total volume held in the session was 1.84 million shares surprisingly lower than its average volume of 2.93 million shares.
To check the Stocks ups and downs, GOOG last week stock price volatility remained 1.97% and month was at 2.47%. GOOG generated revenue of 47.54 billion in the following twelve months income of $10.56 billion. The Company showed a positive 22.20% in the net profit margin and in addition to in its operating margin which remained 27.00%. Company’s annual sales growth for the past five year was 29.01%.
The GOOG past twelve months price to sales ratio was 4.47 and price to cash ratio remained 4.65. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained Facebook Inc (NASDAQ:FB)’s P/S 10.36% P/C 4.60%, Yahoo! Inc. (NASDAQ:YHOO)’s P/S 4.27% P/C 2.52%, Zynga Inc (NASDAQ:ZNGA)’s P/S 1.40% P/C 1.36%, Groupon Inc
(NASDAQ:GRPN)’s P/S 0.87% P/C 1.58%.