Data center operator Equinix (EQIX), fulfilling part of its Earth Day promise, was slated early Wednesday to announce a 150-megawatt solar project in partnership with solar panel maker SunEdison (SUNE). The deal covers all 12 of Equinix’s California data centers, allowing them to operate entirely on renewable energy, and boosts the Redwood City, Calif., company’s renewable energy footprint to 43% from 30%, Equinix said. The companies reached a
Equinix (EQIX) said on Tuesday that it has agreed to buy Tokyo-based Bit-isle for $280 million, doubling its data center operations in Japan following its recent, bigger acquisition of Europe-based Telecity Group. Even before the Telecity and Bit-isle deals, Equinix was getting 44% of revenue from Europe and Asia-Pacific, says Evercore ISI. About 26% of revenue comes from Europe and 18% from Asia-Pacific. Redwood City, Calif.-based Equinix has
Stocks took a beating Tuesday, but top-rated issues mostly held up better than the major indexes. Three highly rated tech stocks holding tight after making big moves are CDK Global (CDK), Inphi (IPHI) and Equinix (EQIX). CDK is trading just below a high of 54.73 reached on May 14. The stock broke out of a 49.50 buy point from a cup-with-handle base on May 7, and gained 11% in 6 straight sessions. CDK, which provides information tech and marketing