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China Sunergy Lowers Q2 Overall Gross Margin Expectations from 7.5%-8.5% to 1%
Friday, June 17, 2011 - 6:44am | 204China 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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Wunderlich Initiates UQM Technologies At Buy, $4 PT
Friday, June 17, 2011 - 5:19am | 25Wunderlich Securities has initiated coverage on UQM Technologies (AMEX: UQM) with a Buy rating and $4 price target.
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Fear on the Rise 06-16-2011
Thursday, June 16, 2011 - 5:56pm | 975Cusick's Corner Support held into the close and the After Hours finished in the green. Quad Witching is tomorrow where the options and futures all expire and the European options actually settle in the morning so there could be some maneuvering early based on the settlement. There is a lot of work...
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7 Lottery Stocks Under $10
Thursday, June 16, 2011 - 2:58pm | 261Unlike any of my other screens, this stock screen focuses on stocks trading under $10/share, and have a market cap of around $1 billion or less. As for the variables that I used in the screen, I focused on fundamentals, particularly companies that have a healthy balance sheet with little debt to...
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Bottom-Picking - Leave It to the Proctologists 06-16-2011
Thursday, June 16, 2011 - 2:54pm | 1053Cusick's Corner I am not going to try to pick a bottom here but the landscape of the market is bearish. This move to the downside has potentially raised consumer hopes that this recent pullback in crude might (and I stress MIGHT) be reflected at the pump but I am not holding my breath. The equity...
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UPDATE: Harbin Electric Moves Off Intraday Lows
Thursday, June 16, 2011 - 2:41pm | 59Harbin Electric is currently moving off its intraday lows after a sharp decline following a negative research report by CitronResearch.com. CitronResearch put out a negative note on Harbin Electric (NASDAQ: HRBN) earlier today suggesting that the SEC halt this security.
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Renren Down On Harbin Electric Blow Back
Thursday, June 16, 2011 - 1:53pm | 185Renren Inc (NYSE: RENN) shares are feeling some of the negative blow back from Harbin Electric (NASDAQ: HRBN), as shares are off more than 6% today. Citron Research put out a research report on Harbin Electric earlier this morning calling the company a fraud, and that has shares down some 58%...
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Clean Energy Stocks In the Green June 16th: First Solar, Juhl Wind, Premier Power, Suntech
Thursday, June 16, 2011 - 12:39pm | 1174June 16, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in cleantech investor research, reports on trading for solar and renewable energy stocks trading for June 16th. Solar stocks with operations in Germany received positive news that subsidized power prices...
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Harbin Electric Continues To Slide
Thursday, June 16, 2011 - 12:25pm | 83Harbin Electric, Inc. (NASDAQ: HRBN) shares have continue to slide, and are now down more than 35% on the session on over 5 million shares. Citron Research put out a negative note on the company, which is adversely affecting shares today. At last check, shares were off $5.14 to $9.16, a loss of...
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Harbin Electric Plunging, Down 25%
Thursday, June 16, 2011 - 11:43am | 178Harbin Electric, Inc. (NASDAQ: HRBN) shares are plunging on heavy volume today, down over 25% after the company was mentioned cautiously "again" at Citron Research. Citron Research ultimately said that Harbin Eletric is committing loan fraud, and that it had the documentation to prove it. At...
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Ener1 and JSC Mobile GTES Sign Strategic, Five-Year Framework Agreement
Thursday, June 16, 2011 - 11:25am | 122Ener1, Inc. (NASDAQ: HEV) and Russia's JSC Mobile GTES today announced that they have signed a strategic framework agreement to contemplate the manufacture of lithium-ion-based uninterruptible power supply systems as part of a five-year engineering and framework agreement. The proposed UPS systems...
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Puts Purchased on Ultralife Corporation
Thursday, June 16, 2011 - 9:01am | 110Shares of Ultralife Corporation (NASDAQ: ULBI) are higher on the session by 0.42%, currently trading at $4.77. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short...
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UPDATE: Bank of America Merrill Lynch Moves SunPower to Underperform
Thursday, June 16, 2011 - 7:48am | 121Bank of America Merrill Lynch is out with its report today on SunPower (NASDAQ: SPWRA), moving SPWRA from No Rating to Underperform. In a note to clients, Bank of America Merrill Lynch writes, "With the Total tender offer closing, we are moving our opinion from No Rating to Underperform. The...
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Citi Updates 6/16
Thursday, June 16, 2011 - 7:02am | 742Citi made a number of updates in a research report published today. Solar Capital (NASDAQ: SLRC) has been downgraded from Hold to Buy. At the same time, Citi reduced its price target on the companies stock from $28 to $26. In the report, Citi states, "We are downgrading the shares of SLRC to a...
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Jefferies Lowers PT On AOS To $46
Thursday, June 16, 2011 - 6:25am | 109Jefferies is lowering its price target on A.O. Smith Corp. (NYSE: AOS) from $48 to $46 in light of meetings held with the company's CEO. In its report, Jefferies writes, “The CEO believes the NA water heaters market (78% of sales) may be flattish (in units) for an extended period. Presently, water...