"As a part of Equinix’s expansion at its SV2 center, the company implemented a variety of efficient procedures, such as installing air-side economizers that use the outside air to provide “free cooling” and drastically reduce the amount of mechanically produced cold air needed for the center. This system has resulted in energy savings of more than 4,000,000 kWh and $300,000 per year. Equinix also installed variable frequency drive (VFD) fans that allow for greater efficiency by operating at reduced fan speeds when there is a lower demand for air distribution."
Check out the press release here.
Equinix stock has done quite well the last 3 months, starting at $55.67 March 30th and then closing up 3.66 at $72.74 today. Analysts at Morgan Joseph initiated coverage of Equinix with a 'buy' rating, and set a target price of $100.
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