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Benzinga's Top Downgrades
Monday, July 18, 2011 - 7:11am | 137Analysts at JP Morgan downgraded LinkedIn Corporation (NYSE: LNKD) from “overweight” to “neutral.” LNKD's stock closed at $109.97 on Friday. LinkedIn's PEG ratio is -16.55. Analysts at Oppenheimer downgraded Clorox Corp (NYSE: CLX) from “outperform” to “perform.” CLX's shares closed at $74.55 on...
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Valence Technology Announces Preliminary Fiscal First Quarter 2012 Revenues $13.5M-$14M vs. $16.7M Est
Monday, July 18, 2011 - 7:02am | 208Valence Technology, Inc. (NASDAQ: VLNC) today announced that it expects revenue of approximately $13.5 to $14.0 million for its fiscal 2012 first quarter ended June 30, 2011. Executive Commentary "Our first quarter revenue is projected to be above our May 25, 2011 guidance of $8.5 to $10.5...
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Bank of America Merrill Lynch Reiterates Underperform on SunPower
Monday, July 18, 2011 - 7:00am | 119Bank of America Merrill Lynch is out with its report today on SunPower (NASDAQ: SPWRA), reiterating Underperform. In a note to clients, Bank of America Merrill Lynch writes, "We rate SunPower Underperform. SunPower offers the industry's highest efficiency panel but at a high cost, even efficiency-...
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Collins Stewart Downgrades SunPower To Sell, Lowers PT To $15
Monday, July 18, 2011 - 6:35am | 27Collins Stewart has downgraded SunPower Corporation (NASDAQ: SPWRA) from Neutral to Sell and has lowered the price target to $15.
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Options Brief: FuelCell Energy
Friday, July 15, 2011 - 1:02pm | 79Shares of FuelCell Energy (NASDAQ: FCEL) are flat on the session, trading at $1.32. Overall call volume is now running at 29.35x the daily average, with 97% of all calls traded being purchases on the offer. 1,086 contracts have traded on the session so far. FuelCell Energy, Inc. is engaged in...
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Cooper Industries Announces Acquisition of Gitiesse srl
Friday, July 15, 2011 - 9:00am | 183Cooper Industries plc (NYSE: CBE) today announced the acquisition of Gitiesse srl, an Italy-based, privately owned manufacturer of marine and oil and gas communications systems. Gitiesse specializes in the manufacture of digital integrated multimedia communications systems for vessels worldwide....
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Roper Industries Announces Senior Subordinated Convertible Notes Due 2034 to Accrue Contingent Cash Interest
Friday, July 15, 2011 - 8:50am | 70Roper Industries, Inc. (NYSE: ROP) announced today that its Senior Subordinated Convertible Notes due 2034 will accrue contingent interest for the semi-annual period beginning July 16, 2011. Contingent cash interest of approximately $1.29 per Note is expected to be paid on January 16, 2012 to...
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Regal Beloit Issues $423M Senior Unsecured Notes in Private Placement
Thursday, July 14, 2011 - 4:00pm | 113Regal Beloit Corporation (NYSE: RBC) today announced it has issued $423 million in senior unsecured notes in a private placement, and anticipates issuing an additional $77 million in senior unsecured notes in the near term. The notes, which will be issued in a total of seven tranches, have...
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Options Brief: Power-One
Thursday, July 14, 2011 - 12:06pm | 88Shares of Power-One (NASDAQ: PWER) are lower on the session by 1.46%, trading at $7.41. Overall put volume is now running at 2.59x the daily average, with 15% of all puts traded being purchases on the offer. 2,170 contracts have traded on the session so far. Power-One, Inc. is a designer and...
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Stifel Nicolaus Initiates Coverage On EnerSys
Thursday, July 14, 2011 - 7:47am | 153Stifel Nicolaus is initiating coverage on EnerSys Inc. (NYSE: ENS) with a Buy rating and a $45 price target. In a note to clients, Stifel Nicolaus writes, "We expect EnerSys to continue to grow revenues and margins above industry trends via organic growth and operating leverage as well as its...
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UPDATE: Citi Raises PT on Roper Industries to $89
Thursday, July 14, 2011 - 7:36am | 94Citi is out with its report today on Roper Industries (NYSE: ROP), raising its PT from $88 to $89. In a note to clients, Citi writes, "The full-year impact of the Northern Digital acquisition should be about 10c. Our new 2012/2013 estimates are $4.85/$5.40 vs consensus of $4.68/$5.33. The higher...
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Stifel Nicolaus Initiates EnerSys At Buy, $45 PT
Thursday, July 14, 2011 - 7:26am | 24Stifel Nicolaus has initiated coverage on EnerSys (NYSE: ENS) with a Buy rating and $45 price target.
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Citigroup Raises PT On Roper Industries To $89
Thursday, July 14, 2011 - 5:08am | 26Citigroup has raised the price target on Roper Industries (NYSE: ROP) from $88 to $89 and maintains its Hold rating.
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Wedbush Maintains Neutral On American Superconductor
Wednesday, July 13, 2011 - 12:32pm | 128Wedbush Securities is out with a research report on American Superconductor (NASDAQ: AMSC), and is maintaining its Neutral rating and $15 price target on shares. In a note to clients, Wedbush Securities writes, "AMSC provides incremental color on pending revenue restatements. The company issued a...
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Is Hot Air Killing Wind Power?
Wednesday, July 13, 2011 - 10:41am | 893By Justin Rohrlich The executive director of Massachusetts' Clean Power Now says we need to stop talking and start doing. The US Interior Department released a preliminary assessment yesterday which found little expected environmental impact from 354,000 proposed acres of wind farms off the coast...