Mid Cap Companies with Strong Market cap: $MBT $CG $ENPH

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Mobil'nye Telesistemy acquires over 1.03 million shares of MTS


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Mobil'nye Telesistemy PAO (NYSE:MBT) had a market cap of $9.33 billion in the latest trading session making it one of the companies with the highest market capitalization in mid cap category.

Mobil'nye recently bought 1,039,480 common stock shares of MTS as part of a share repurchase plan that was announced at the end of March this year. The shares acquired include the common stock shares that were represented by ADSs. Russian law requires that MTS should disclose shares sold to any companies or even acquired by a subsidiary. MTS plans to disclose the total number of shares that have been acquired during its next quarterly report.

Carlyle Group Inc is reportedly considering divesting Logoplaste


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Carlyle Group Inc. (NASDAQ:CG) was one of the mid-cap companies with the highest market caps at $9.28 billion according to the latest trading session.

Carlyle is reportedly planning to sell Logoplaste and sources familiar with the matter claim that the company is targeting $1.2 billion from the potential sale. However, the decision is currently under review and Carlyle Group has sought out the services of Goldman Sachs and Barclays PLC to advise on the best way forward.

The sale of the packaging company is expected to attract potential buyers that include rival packaging firms and potentially even private funds. It is likely that the decision to sell the packaging company might be announced in Q4. Meanwhile, Logoplaste is focused on expansion even if it will be under new ownership.

Enphase Energy Inc and Solargain sign deal to double down on the Australian market


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Enphase Energy Inc (NASDAQ:ENPH) joined the list of mid cap companies with the highest market capitalization after achieving a market cap of $9.25 billion.

Enphase Energy and recently revealed that it entered into a supply agreement through which it will supply its microinverters to Australian solar provider, Solargain. The latter selected Enphase to supply the microinverters thanks to the quality of inverters that it offers. The deal is critical for Enphase because it will allow it to expand its presence in the Australian market. Australia is one of the biggest global markets for solar products, which means that it represents strong growth potential for Enphase especially in terms of revenue growth. It is also an ideal time to enter the market especially since the energy industry and automotive industry are focusing their attention on solar power.

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