Equinix Inc - EQIX STOCK NEWS

Trinasolar ISBU has signed a significant 20-year renewable energy Power Purchase Agreement (PPA) with Equinix (Nasdaq: EQIX), a global data center provider. The agreement involves supplying solar power from the 30MW Yufutsu Abira Project in Hokkaido, Japan, with electricity supply expected to commence in Q3 2028.

This marks Trinasolar ISBU's first corporate solar power agreement in Japan, representing a strategic shift from being a renewable solutions provider to a clean energy supplier in the region. The partnership aligns with Equinix's sustainability objectives and efforts to reduce carbon emissions across its operations, particularly important as data centers face increasing energy demands driven by AI innovations.

Equinix (EQIX) has announced a 10% increase in its quarterly cash dividend to $4.69 per share on common stock, marking its 10th consecutive year of dividend increases since its REIT conversion. The dividend will be paid on March 19, 2025, to shareholders of record as of February 26, 2025.

As the world's digital infrastructure company, Equinix provides a trusted platform for digital leaders to interconnect foundational infrastructure at software speed, enabling organizations to scale with agility and speed up digital services deployment while supporting sustainability goals.

Equinix (EQIX) reported strong Q4 and full-year 2024 results with annual revenues reaching $8.748 billion, up 7% year-over-year on an as-reported basis, or 8% on a normalized and constant-currency basis. The company increased its quarterly cash dividend by 10% to $4.69 per share, marking the 10th consecutive year of increase.

Despite strong revenue growth, operating income decreased 8% to $1.328 billion, impacted by $314 million in non-recurring charges. Net income fell 16% to $815 million. However, Adjusted EBITDA improved to $4.097 billion with a 47% margin.

For 2025, Equinix projects revenues between $9.033-$9.133 billion, representing 3-4% growth, with Adjusted EBITDA expected between $4.386-$4.466 billion. The company's xScale portfolio saw robust demand, with over 400 megawatts leased globally, and plans to expand through a $15+ billion joint venture with CPP Investments and GIC.

Equinix (EQIX) has disclosed its tax treatment for all 2024 distributions on common stock. The company distributed a total of $17.04 per share throughout 2024, paid in four equal quarterly installments of $4.26 per share. All distributions were classified as ordinary taxable dividends (Box 1a) and Section 199A dividends (Box 5).

The quarterly payments were made on March 20, June 19, September 18, and December 11, 2024, with respective record dates of February 28, May 22, August 21, and November 13. There were no qualified taxable dividends or return of capital distributions during 2024.

Equinix (EQIX) has announced a private AI solution in collaboration with Dell Technologies and NVIDIA. The solution combines Dell AI Factory with NVIDIA technology, available across Equinix's 260+ AI-ready data centers globally. The infrastructure enables businesses to train AI models in scalable, cost-efficient public and private clouds while maintaining enhanced control and security.

The solution integrates Dell PowerEdge XE9680 servers, NVIDIA's accelerated computing, Spectrum-X Ethernet platform, BlueField-3 DPUs, Dell PowerScale F710 storage, and NVIDIA AI Enterprise software. It has shown positive results in healthcare, manufacturing, and retail sectors. The platform offers 99.999% uptime, operates with 96% renewable energy coverage globally, and provides access to an ecosystem of 10,000 enterprises, including 2,000 networks and 3,000 cloud providers.

Equinix (Nasdaq: EQIX) has issued an additional €1.15 billion in green bonds, following their previous €750 million offering in September 2024. This brings their total green bond issuance to approximately $6.9 billion, positioning them among the top 5 U.S. green bond issuers.

The latest issuance includes €650 million in 3.25% senior green notes due 2031 and €500 million in 3.625% senior green notes due 2034. The proceeds will finance Eligible Green Projects focusing on green building development, renewable energy innovations, energy efficiency, resource conservation, and decarbonization solutions. In 2023, Equinix maintained 96% renewable energy coverage and improved its power usage effectiveness by over 8% compared to the previous year.

Equinix (EQIX) has announced plans to build its sixth International Business Exchange data center in Singapore, with an initial investment of US$260 million. The new facility, SG6, is designed to support next-generation workloads like AI and will feature advanced liquid cooling technology. Set to open in Q1 2027, the 9-story facility will provide 20MW when fully built and integrate into Equinix's global network of 268 interconnected data centers. The project aligns with Singapore's Green Plan 2030, incorporating sustainability features including renewable power agreements, lower carbon building materials, and energy-efficient cooling systems.

Equinix (EQIX) has announced a quarterly cash dividend of $4.26 per share on its common stock. The dividend will be paid on December 11, 2024, to shareholders of record as of November 13, 2024. Equinix operates as the world's digital infrastructure company, providing a trusted platform for digital leaders to interconnect foundational infrastructure and scale their operations.

Equinix (Nasdaq: EQIX) reported its third-quarter 2024 results with quarterly revenues increasing 7% year-over-year to $2.2 billion. The growth was driven by robust pricing, strong deal conversions, and improvements in billable cabinets. Operating income stood at $425 million, lower than the previous quarter due to a Q2 asset sale gain. Net income attributable to common stockholders was $297 million or $3.10 per share, both lower than the previous quarter for the same reason. Adjusted EBITDA was $1.048 billion, a 1% increase over the previous quarter, with a 48% margin. AFFO per share was $9.05, down due to higher recurring capital expenditures. Equinix also announced a $15 billion joint venture to meet growing AI demand, expected to triple its xScale data center portfolio investment. The company’s annual guidance projects revenues of $8.748 - $8.788 billion, adjusted EBITDA of $4.086 - $4.126 billion, and AFFO per share of $34.81 - $35.22, reflecting significant growth over the previous year.