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Stocks to Watch for 6/24/11: Fresh 52 Week Highs and Lows
Friday, June 24, 2011 - 3:30am | 2005Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Bristol-Myers Squibb (NYSE: BMY): Shares of Bristol-Myers Squibb hit a 52-week...
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Ducommun Announces Pricing of $200 Million of 9.75% Senior Notes Due 2018 to Fund LaBarge Acquisition
Thursday, June 23, 2011 - 3:08pm | 232Ducommun Incorporated (NYSE: DCO) today announced that it has priced its offering (the “Notes Offering”) of $200 million in aggregate principal amount of 9.75% senior unsecured notes due 2018 (the “Notes”) at an offering price equal to 100% of par value. The Notes will bear interest at a rate of 9....
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Riverside Partners' Portfolio Company, Alteris Renewables, to Merge with Real Goods Solar
Thursday, June 23, 2011 - 12:47pm | 65Riverside Partners to announces that its portfolio company, Earth Friendly Energy Group Holdings, LLC, d/b/a Alteris Renewables, Inc. and Real Goods Solar, Inc. (NASDAQ: RSOL) have entered into a definitive merger agreement to create a multi-state solar integration powerhouse. During the twelve...
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LaBarge Announces Stockholder Approval of Acquisition by Ducommun Incorporated
Thursday, June 23, 2011 - 10:58am | 181LaBarge (NYSE: LB) announced that at a special meeting of stockholders held today, the Company's stockholders voted to approve and adopt the Agreement and Plan of Merger under which LaBarge will be acquired by Ducommun Incorporated. The definitive merger agreement was entered into by the companies...
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Piper Jaffray Rates GT Solar Overweight
Thursday, June 23, 2011 - 8:15am | 78According to Piper Jaffray, GT Solar (NASDAQ: SOLR) is rated Overweight. Piper Jaffray said that its checks suggest $200m in potential new orders for SOLR's sapphire equipment from China alone. “By our estimates the potential $200m in revenue would add an additional $0.38 in EPS in FY13, assuming...
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Maxim Group Initiates Coverage On FSLR, STRI, STP, TSL, YGE
Thursday, June 23, 2011 - 7:09am | 82Maxim Group has initiated coverage on the following Solar Power companies: First Solar (NASDAQ: FSLR) Sell, $85 PT STR Holdings (NYSE: STRI) Buy, $22 PT Suntech Power (NYSE: STP) Sell, $4 PT Trina Solar (NYSE: TSL) Buy, $26 PT Yingli Green Energy (NYSE: YGE) Hold, $8 PT
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Rodman & Renshaw Initiates Coverage of Orion Energy Systems with Market Outperform and PT of $6
Thursday, June 23, 2011 - 6:45am | 138Rodman & Renshaw initiated coverage of Orion Energy Systems (NYSE: OESX) with a Market Outperform rating and a price target of $6. In a research report published today, Rodman & Renshaw stressed that Orion has returned to profitability and is very well positioned at the moment. In the...
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Maxim Initiates FirstSolar with Sell and a $85 PT -@markflowchatter
Wednesday, June 22, 2011 - 7:18pm | 58According to a tweet by @markflowchatter, Maxim has initiated FirstSolar (NASDAQ: FSLR) with a Sell rating and a price target of $85, which represents a significant discount to current trading levels. FirstSolar traded fractionally lower in after-hours trading on Wednesday after the news.
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Uninspired 06-22-2011
Wednesday, June 22, 2011 - 5:56pm | 871Cusick's Corner Uninspired - that's the type of action that we saw slipping into the evening. The Fed Chief spoke and the market held then pulled off in the last hour. This also coincided with the strength in the Dollar, DXU11 75.25, bouncing off the 21-Day Moving Average and the highest volume...
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Clean Energy Stocks Trading Alert- AeroVironment, Inc. Leads Pack
Wednesday, June 22, 2011 - 1:34pm | 802Point Roberts WA - June 22, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in cleantech investor research, reports on trading for renewable energy stocks for June 22, 2011. AeroVironment, Inc. (NasdaqGS: AVAV) is one of the top percentage gainers on the NASDAQ...
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3.5 Reasons Why Not to Short the World, China, or Apple
Wednesday, June 22, 2011 - 11:13am | 765I was feeling negative about everything. I wanted to tell Copernicus's ghost that I subscribed to the geocentric view and was placing a bet that the center of the universe was about to implode. I was even preparing to short Apple (NASDAQ: AAPL). Then I had drinks with The Renewable Man Tuesday...
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Calls Purchased on Emerson Electric Co.
Wednesday, June 22, 2011 - 10:00am | 125Shares of Emerson Electric Co. (NYSE: EMR) are higher on the session by 3.55%, currently trading at $8.74. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while...
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Stifel Nicolaus Rating and Price Target Updates 6/22
Wednesday, June 22, 2011 - 8:28am | 214Stifel Nicolaus made a number of rating and price target changes in a research report published today. Boston Scientific Corporation (NYSE: BSX) had its rating upgraded from Hold to Buy. At the same time, its new price target was set at $9. On Tuesday, Boston Scientific closed the day at $6.92....
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Stifel Nicolaus Lowers PT On MRYG, TNB, VMI
Wednesday, June 22, 2011 - 7:03am | 57Stifel Nicolaus has lowered the price target on the following companies: MYR Group (NASDAQ: MYRG) from $34.50 to $34, Buy Thomas & Betts Corporation (NYSE: TNB) from $67.50 to $66.50, Buy Valmont Industries (NYSE: VMI) from $128 to $125, Buy
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Real Goods Solar and Alteris Renewables to Merge
Wednesday, June 22, 2011 - 5:55am | 348Real Goods Solar, Inc. (Nasdaq: RSOL) and Earth Friendly Energy Group Holdings, LLC, d/b/a Alteris Renewables, Inc., announced today that they have entered into a definitive merger agreement to create a multi-state solar integration powerhouse. Real Goods Solar will issue 8 million unregistered...