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Jefferies Rating and PT Updates 8/4
Thursday, August 4, 2011 - 7:12am | 1311Jefferies made a number of rating and price target changes in a research report published today. AstraZeneca PLC (NYSE: AZN) had its rating upgraded from Underperform to Hold. On Wednesday, AZN lost 0.34% of its value to finish the day at $47. Its shares continued to slide in today's pre-market...
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SunPower Signs 15-Megawatt Supply Agreement with Mahindra
Thursday, August 4, 2011 - 7:05am | 64SunPower Corp. (NASDAQ: SPWRA) announced today that Mahindra EPC Services Pvt Ltd has ordered 15 megawatts of SunPower solar panels and SunPower® T0 Tracker technology for delivery by the end of this year. The solar panels will be used by Mahindra for building multiple grid-connected solar power...
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Earnings Scheduled For August 4
Thursday, August 4, 2011 - 2:53am | 495Alpha Natural Resources Inc (NYSE: ANR) is expected to report its Q2 EPS at $1.12 on revenue of $1.47 billion. Kraft Foods Inc (NYSE: KFT) is projected to report its Q2 EPS at $0.58 on revenue of $13.15 billion. CIGNA Corporation (NYSE: CI) is estimated to report its Q2 EPS at $1.29 on revenue of...
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Intraday Gainers
Wednesday, August 3, 2011 - 2:56pm | 121InterDigital (NASDAQ: IDCC) +13.87 on rumors of Samsung buying company's patent portfolio. NxStage Medical (NASDAQ: NXTM) +12.44% on better than expected earnings. MasterCard (NYSE: MA) +12.98 on better than expected earnings. WebMD Health (NASDAQ: WBMD) +12.10 on better than expected earnings...
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Energy Focus Awarded $23.1M Navy Contract; Effectively Doubles Company's Revenue
Wednesday, August 3, 2011 - 12:59pm | 39Energy Focus (NASDAQ: EFOI) has been awarded a $23.1M contract with the US Navy that effectively doubles the company's revenue.
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Harbin Electric Responds to Citron Research Report Posted Today at Citronresearch.com
Wednesday, August 3, 2011 - 12:09pm | 880Harbin Electric (NASDAQ: HRBN) today responded to allegations made by Citron Research in a posting on Citronresearch.com today, August 3, 2011. "We are not really surprised by this most recent attempt by the short sellers to drive our share price down," said Mr. Tianfu Yang, Chairman and CEO of...
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A Small Cap Contrarian Play (PBW, SPWRA, TOT.N)
Wednesday, August 3, 2011 - 8:53am | 669There are times when savvy investors simply can't help but make money from certain stocks. At the turn of the 19th century it was railroads. In the 1920s, it was radio. In the 1950s, a few shares of AT&T could have left you wealthy. In the 1980s, banking deregulation led to riches for savvy...
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A Small Cap Contrarian Play (PBW, SPWRA, TOT.N)
Wednesday, August 3, 2011 - 8:53am | 669There are times when savvy investors simply can't help but make money from certain stocks. At the turn of the 19th century it was railroads. In the 1920s, it was radio. In the 1950s, a few shares of AT&T could have left you wealthy. In the 1980s, banking deregulation led to riches for savvy...
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UPDATE: J.P. Morgan Lowers PT on General Cable to $41.50
Wednesday, August 3, 2011 - 7:06am | 113J.P. Morgan is out with its report today on General Cable (NYSE: BGC), lowering its PT from $50.50 to $41.50. In its report, J.P. Morgan writes, "BGC trades at a 6.1x EV/EBITDA multiple based on our new 2012 EBITDA forecast of $466M, above the 5.6x peer median but below its own 7.0x historical...
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Wunderlich Securities Reiterates Hold and PT of $118 on First Solar
Wednesday, August 3, 2011 - 6:36am | 61Wunderlich Securities reiterated its Hold rating on First Solar (NASDAQ: FSLR). At the same time, the rating agency left its price target on the company's stock unchanged at $118. On Tuesday, FSLR lost 2% of its value to end the day at $115.04. Its shares continued to slide in today's pre-market...
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UPDATE: Yingli Green Energy Reports Guidance, Expects Q2 PV Module Shipments Up 35%-37% from Q1; Sees 2Q Gross Margin In Low-Mid 20%
Wednesday, August 3, 2011 - 6:07am | 90Yingli Green Energy Holding Company Limited (NYSE: YGE) today updated its guidance for the second quarter of 2011. Based upon preliminary data, the Company now expects its PV module shipments for the second quarter of 2011 to increase by the range of 35% to 37% quarter over quarter, compared to...
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JP Morgan Reiterates Neutral and PT of $65 on Polypore International
Wednesday, August 3, 2011 - 5:59am | 59JP Morgan reiterated its Neutral rating on Polypore International (NYSE: PPO). At the same time, the rating agency left its price target on the company's stock unchanged at $65. On Tuesday, PPO lost 10.28% of its value to finish the day at $61.51. Its shares rebounded in today's pre-market trading...
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JP Morgan Lowers PT on General Cable To $41.50
Wednesday, August 3, 2011 - 5:32am | 27JP Morgan has lowered the price target on General Cable (NYSE: BGC) from $50.50 to $41.50 and maintains its Neutral rating.
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Stocks to Watch for Wednesday 8/03/2011: Fresh 52 Week Highs and Lows
Wednesday, August 3, 2011 - 12:05am | 5002Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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General Cable Down Over 15% on Downbeat Earnings
Tuesday, August 2, 2011 - 12:55pm | 54General Cable (NYSE: BGC) is down over 15% on the downbeat earnings and EPS guidance reported this morning. The company announced Q2 EPS $0.77 vs $0.83 Est; Revenues $1.53B vs $1.60B Est and guided Q3 EPS $0.66-0.76 vs $0.77 Est. General Cable is currently trading at $33.75, a loss of $6.25 or 15....