The two companies currently have an agreement to offer solar power and/or natural gas to those who live within Frontier service areas in New York, Ohio, Illinois, and Arizona. Under the expanded agreement the companies plan to offer solar power to more markets in California, Arizona, Oregon, New York, and Washington.
Connecticut residents will also have the option to buy solar panel after Frontier gains approval for its acquisition of AT&T (T) wireline, broadband, and U-verse operations in the state.
"This is a natural extension of the partnership between Crius Energy and Frontier Communications," Michael Fallquist , CEO of Crius Energy said in a press release. "Offering solar power in Frontier territories strengthens an already successful relationship and expands the service offerings and geographic reach of Crius Energy."
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TheStreet Ratings team rates FRONTIER COMMUNICATIONS CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate FRONTIER COMMUNICATIONS CORP (FTR) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and generally higher debt management risk."