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Harbin Electric Enters Into Merger Agreement to Be Acquired for $24.00 per Share in Cash
Monday, June 20, 2011 - 6:32am | 168Harbin Electric, Inc (NASDAQ: HRBN) today announced that it has entered into a definitive agreement and plan of merger with Tech Full Electric Company Limited, a Cayman Islands company wholly owned indirectly by Mr. Tianfu Yang, the Company's Chairman and Chief Executive Officer, and Tech Full...
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Citigroup Lowers PT on First Solar To $130
Monday, June 20, 2011 - 6:18am | 26Citigroup has lowered the price target on First Solar (NASDAQ: FSLR) from $150 to $130 and maintains its Hold rating.
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Ducommun Announces Offering of $200M of Senior Notes to Fund LaBarge Acquisition
Monday, June 20, 2011 - 6:02am | 103Ducommun Incorporated (NYSE: DCO) today announced its intention, subject to market and other conditions, to offer $200 million aggregate principal amount of senior unsecured notes due 2018. The Company intends to use the net proceeds of the Notes offering to finance, in part, the purchase price...
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Here's Another Yogi Reference (not the Bear but Berra)
Friday, June 17, 2011 - 5:23pm | 901Cusick's Corner "Slump? I ain't in no slump...I just ain't hitting." That's a quote from Yogi Berra and if you talk to someone who is long, this is what the trader would most likely say. While the market did finally break the weekly losing streak, you can't ignore that we have seen some decent...
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Bears Stop for a Pic-a-Nic 06-17-2011
Friday, June 17, 2011 - 3:37pm | 981Cusick's Corner The market is now just off its best levels but for the most part we are seeing a market bounce on positive headlines and the shorts are stepping aside at this stage. Now this can be expected to happen over the next few sessions, especially since the market just was brutalized over...
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GT Solar International Trading Over 3% Higher
Friday, June 17, 2011 - 2:44pm | 40GT Solar International (NASDAQ: SOLR) is trading over 3% higher on the session. The volume is significantly higher than the average intraday volume. SOLR is currently trading at $13.16, which is a gain of 3.46%.
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Wunderlich Securities Upgrades First Solar To Hold, Raises PT To $125
Friday, June 17, 2011 - 12:11pm | 133Wunderlich Securities upgraded its First Solar (FSLR) rating from Sell to Hold and increased its First Solar price target from $118 to $125 in a research report published today. In the report, Wunderlich Securities states, "We believe that the shares are fairly valued and we believe investors are...
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Industrials Stocks Surging Ahead
Friday, June 17, 2011 - 11:58am | 421The Industrials Sector is posting strong gains in today's session, currently up 0.7% on the day. The strongest stocks in the S&P 500 Industrials Sector currently are: 1) Flowserve (NYSE: FLS): Shares of Flowserve are currently trading up 4.7% from yesterday's close to $105.85. The stock may be...
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Deutsche Bank Updates 6/17
Friday, June 17, 2011 - 8:43am | 1447Deutsche Bank made a number of updates in a research report published today. Deutsche Bank initiated coverage of FXCM (NASDAQ: FXCM) with a Hold rating and a price target of $11. In a research report published today, Deutsche Bank states, "We are initiating coverage on FXCM, a leading provider of...
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China Sunergy Falling Over 7% After Slashing Guidance This Morning
Friday, June 17, 2011 - 8:32am | 110China Sunergy Co., Ltd. (Nasdaq: CSUN) today announced updates to its guidance for the second quarter of 2011 and full year 2011. China Sunergy expects its solar module shipments in the second quarter to be between 100 and 110 MW, compared to the Company's previous guidance of between 120MW and...
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KeyBanc Upgrades A.O. Smith To Buy, $47 PT
Friday, June 17, 2011 - 8:03am | 28KeyBanc Capital Markets has upgraded A.O. Smith Corporation (NYSE: AOS) from Hold to Buy and established a $47 price target.
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Harbin Electric Trading Over 15% Higher Pre-Market
Friday, June 17, 2011 - 7:46am | 114Harbin Electric (NASDAQ: HRBN) is trading higher today pre-market. At the time of posting, shares of HRBN were trading pre-market at $8.08, up 15.73% from Thursday's close. Harbin Electric, Inc. Responds to Citron Research's Allegations Concerning Mr. Yang Tianfu and Reaffirms His 'Going Private'...
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Citi Reports Cooper Industries' Bid For Laird Was Rejected
Friday, June 17, 2011 - 7:33am | 90According to Citi, Cooper Industries (NYSE: CBE) $960 million bid for Laird was rejected. Citi said that it was disclosed on June 16 that UK-based electrical components maker Laird has rejected a $960 mil takeover bid by Cooper Industries. “Although the offer is a healthy 35% above the prior day...
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Harbin Electric, Inc. Responds to Citron Research's Allegations Concerning Mr. Yang Tianfu and Reaffirms His 'Going Private' Proposal at $24.00 Per Share
Friday, June 17, 2011 - 7:31am | 143Harbin Electric (NASDAQ: HRBN) today responded to allegations made by Citron Research in a posting on CitronResearch.com dated June 16, 2011 as yet another attempt to drive its stock price down that is based on factually incorrect as well as out-of- context information. Mr. Yang Tianfu's brother,...
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Wunderlich Securities Initiates Coverage of UQM Technologies with Buy and PT of $4
Friday, June 17, 2011 - 7:26am | 149Wunderlich Securities initiated a coverage of UQM Technologies (NYSE: UQM) with a Buy rating. At the same time, Wunderlich has placed its price target on the company's stock at $4. In a research report published today, Wunderlich states, "We are initiating coverage of UQM Technologies, Inc. (UQM)...