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Puts Purchased on Hollysys Automation Technologies
Tuesday, July 26, 2011 - 9:25am | 114Shares of Hollysys Automation Technologies (NASDAQ: HOLI) are lower on the session by 0.35%, currently trading at $8.59. The stock has been moving largely lower over the past six months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A...
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Auriga Reiterates Sell and PT of $14 on SunPower
Tuesday, July 26, 2011 - 8:34am | 45Auriga reiterated its Sell rating on SunPower (NASDAQ: SPWRA). At the same time, the rating agency left its price target on the company's stock unchanged at $14. In today's trading, SPWRA lost 2.01% of its value to stand around $20.46.
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First Solar Sets Record for CdTe Solar PV Efficiency
Tuesday, July 26, 2011 - 8:03am | 165First Solar, Inc. (Nasdaq: FSLR) today announced it set a new world record for cadmium-telluride (CdTe) photovoltaic solar cell efficiency, reaching 17.3 percent with a test cell constructed using commercial-scale manufacturing equipment and materials. The test cell's performance, confirmed by the...
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Stifel Nicolaus Downgrading SunPower Corporation
Tuesday, July 26, 2011 - 7:33am | 183Stifel Nicolaus is out with a research report on SunPower Corporation (NASDAQ: SPWRA) and is downgrading shares from Hold to Sell. In a note to clients, Stifel Nicolaus writes, "Effective July 26, we are downgrading shares of SunPower to a Sell from Hold. The company's cost structure has always...
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Stifel Nicolaus Downgrades RCII, SPWRA
Tuesday, July 26, 2011 - 7:03am | 42Stifel Nicolaus has downgraded the following companies: Rent-A-Center (NASDAQ: RCII) from Buy to Hold, $40 PT removed SunPower Corporation (NASDAQ: SPWRA) from Hold to Sell, PT removed.
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News Summary for July 26, 2011
Tuesday, July 26, 2011 - 6:59am | 562This is your Benzinga news summary and traders' outlook for Tuesday, July 26, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher after strong earnings from several blue-chip companies. The U.S....
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Jefferies Updates 7/26
Tuesday, July 26, 2011 - 6:14am | 496Jefferies made a number of updates in a research report published today. Archer-Daniels-Midland (NYSE: ADM) had its rating reiterated at Buy. At the same time, its price target was reduced from $44 to $40. On Monday, ADM lost 0.9% of its value to finish the day at $31.83. Its shares continued to...
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Jefferies PT Changes 7/26
Tuesday, July 26, 2011 - 6:11am | 203Jefferies & Company has changed the price target on the following companies: Archer-Daniels-Midland (NYSE: ADM) Buy, PT from $44.00 to $40.00 B/E Aerospace (NASDAQ: BEAV) Buy, PT from $44.00 to $48.00 Broadcom (NASDAQ: BRCM) Buy, PT from $41.00 to $46.00 Canadian National Railway (NYSE:...
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UPDATE: Bank of America Lowers PT on SunPower Corp from $15 to $14
Tuesday, July 26, 2011 - 6:10am | 163Bank of America has published a report on SunPower Corp (NASDAQ: SPWRA) lowering the price target from $15 to $14. In the report, Bank of America wrote, "Pricing and charges drop gross margin After the close, SunPower preannounced a 2Q loss with non-GAAP gross margin falling to 12-13% versus an...
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Bank of America Lowers PO On SunPower Corporation To $14
Tuesday, July 26, 2011 - 4:56am | 28Bank of America has lowered the price objective on SunPower Corporation (NASDAQ: SPWRA) from $15 to $14 and maintains its Underperform rating.
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Axiom Capital Provides Color on SunPower
Tuesday, July 26, 2011 - 2:18am | 144Axiom Capital provided color on SunPower (NASDAQ: SPWRA). In a research report published today, the rating agency commented on the company's new guidance for the Q2 results. In the report, Axiom Capital states, “The company now expects its second-quarter non-GAAP gross margin to be in the range of...
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SunPower Sees Q2 Rev $590M-$595M; Cuts Q2 EPS to $(0.19)-$(0.20)
Monday, July 25, 2011 - 3:32pm | 328SunPower Corp. (NASDAQ: SPWRA) today announced preliminary results for its fiscal second-quarter ended July 3, 2011. For the 2011 second-quarter, SunPower expects revenue to be in the range of approximately $590 million to $595 million, in line with its previous outlook of $550 million to $600...
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Green Car Stocks News Alert; Walgreens Paves the Way for EV Consumers
Monday, July 25, 2011 - 1:24pm | 1135Point Roberts WA - July 25, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in cleantech investor research, reports on trading for renewable energy stocks in the electric car and battery sector for July 25th. Walgreens (NYSE: WAG) (NASDAQ: WAG) made news last...
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Rockwell Automation Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter
Monday, July 25, 2011 - 12:49pm | 528Rockwell Automation (NYSE: ROK) releases its next round of earnings this Thursday, July 28, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report. Earnings and Revenue: Wall Street expects a EPS of $1.19 per share and revenues of $1.48...
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Disclosure Insight Assigns New Rating To Emerson Electric
Monday, July 25, 2011 - 11:04am | 63According to Disclosure Insight, Emerson Electric (NYSE: EMR), new rating is assigned. Disclosure Insight has reported a rating change for Emerson from Medium Risk-Negative Bias to Medium Risk-Positive Bias. This is attributed largely due to the CFO position being held by the same person for a...