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Morning Market Movers
Thursday, June 9, 2011 - 8:57am | 136FiberTower Corporation (NASDAQ: FTWR) climbed 20.30% to $1.60 at 9:55 am. FTWR shares have dropped 64.15% over the past 52 weeks, while the S&P 500 index has gained 21.21% in the same period. Trunkbow International Holdings Ltd (NASDAQ: TBOW) shares advanced 17.20% to $2.93. TBOW's trailing-...
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UPDATE: Rodman & Renshaw Upgrades Hollysys Automation Technologies to Market Outperform
Thursday, June 9, 2011 - 8:39am | 122Rodman & Renshaw is out with its report today on Hollysys Automation Technologies (NASDAQ: HOLI), upgrading HOLI from Market Perform to Market Outperform. In a note to clients, Rodman & Renshaw writes, "We are upgrading our rating on the shares of Hollysys Automation Technologies Ltd. from...
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Miller Tabak Reiterates Neutral Rating on SunPower
Thursday, June 9, 2011 - 7:40am | 62Miller Tabak is reiterating its Neutral rating on shares of SunPower (NASDAQ: SPWRA). “Yesterday post close Sunpower issued new 2011 Guidance cutting previous non-GAAP EPS expectations to $1.20-$1.70 from $2.00-$2.25/sh,” Miller Tabak writes. “We are decreasing our 2011 non-GAAP EPS estimate to $...
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China BAK Battery Seeing A Surge In Customer Demand For Its E-bike Battery Business Due To The Recent Government Suspension Of Lead-acid Battery Manufacturing In China
Thursday, June 9, 2011 - 7:05am | 246China BAK Battery (NASDAQ: CBAK) today announced that the Company is seeing a surge in customer demand for its e-bike battery business at its Tianjin facility due to the recent government suspension of lead-acid battery manufacturing in China. As recently reported in the periodical Advanced...
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Rodman & Renshaw Upgrades Hollysys To Market Outperform, $12 PT
Thursday, June 9, 2011 - 6:51am | 29Rodman & Renshaw has upgraded Hollysys Automation Technologies (NASDAQ: HOLI) from Market Perform to Market Outperform and has established a $12 price target.
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LaBarge Enters Agreement to Settle Delaware Stockholder Litigation
Thursday, June 9, 2011 - 6:04am | 141LaBarge, Inc. (NYSE: LB), a provider of electronics manufacturing services, filed a Current Report on Form 8-K with the Securities and Exchange Commission to disclose that it has signed a memorandum of understanding with plaintiffs to settle litigation claims filed in the Chancery Court of the...
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Benzinga's Top ETF Decliners, June 8th (SOXL, URA, NUGT, TAN)
Wednesday, June 8, 2011 - 5:41pm | 231Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) traded lower on Wednesday, along with the semiconductor stocks. SOXL fell 6.00%, while Applied Materials, Inc. (NASDAQ: AMAT) dropped 2.30%, and Texas Instruments Incorporated (NYSE: TXN) lost 1.80%. Global X Uranium ETF (NYSE: URA) fell 4....
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Endexx Acquires Global Solaris
Wednesday, June 8, 2011 - 10:17am | 439Endexx Corporation (Pink Sheets: EDXC), a provider of solar and wind technologies to a variety of customers, similar to companies like LDK Solar Co., Ltd. (NYSE: LDK) and First Solar Inc. (Nasdaq: FSLR), recently acquired Global Solaris of Sedona, AZ. Endexx Corporation (PINKSHEETS: EDXC) announced...
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Options Brief: SunPower Corporation
Wednesday, June 8, 2011 - 9:54am | 79Shares of SunPower Corporation (NASDAQ: SPWRA) are higher on the session by 0.38%, trading at $21.03. Overall put volume is now running at 2.08x the daily average, with 54% of all puts traded being purchases on the offer. 6,636 contracts have traded on the session so far. SunPower Corporation is...
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Citi Maintains Hold on SunPower
Wednesday, June 8, 2011 - 7:50am | 95Citi is out with its report today on SunPower (NASDAQ: SPWRA), maintaining Hold. In a note to clients, Citi writes, "We rate shares of SunPower Hold, Speculative Risk (2S). As the industry leader in conversion efficiency, we think SPWRA enjoys a strong technology advantage that positions it to...
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Benzinga's Top Downgrades
Wednesday, June 8, 2011 - 7:22am | 138Analysts at JP Morgan downgraded Impax Laboratories Inc (NASDAQ: IPXL) from “overweight” to “neutral.” IPXL's shares closed at $23.49 yesterday. IPXL's PEG ratio is 1.12. Analysts at Jefferies & Company downgraded SunPower Corporation (NASDAQ: SPWRA) from “buy” to “hold.” SPWRA 's shares...
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Jefferies Downgrades SunPower Corporation to Hold, Reduces PT to $19
Wednesday, June 8, 2011 - 6:56am | 140Jefferies downgraded its rating on SunPower Corporation (NASDAQ: SPWRA) from Buy to Hold. At the same time, Jefferies lowered its price target on the company's stock from $26 to $19. In a research report published today, Jefferies explained its decision by arguing the company's stock will be weak...
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Jefferies Gives Update on the Upcoming Management Meeting at Intersolar
Wednesday, June 8, 2011 - 6:55am | 99According to a recent report, Jefferies meetings at Intersolar will start today after several meetings at the Solar Plaza forum and with suppliers and developers that took place this week. According to Jefferies, expected points from the meeting will include Jefferies thesis that the lowerst cost...
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Wunderlich Securities Reiterates Sell and PT of $16 on SunPower Corporation
Wednesday, June 8, 2011 - 6:43am | 138Wunderlich Securities reiterated its Sell rating on SunPower Corporation (NASDAQ: SPWRA). At the same time, Wunderlich left its price target on the company's stock unchanged at $16. In a research report published today, Wunderlich commented on Total's friendly offer for 60% of SunPower's shares,...
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Wunderlich Provides Color on GT Solar International, Buy
Wednesday, June 8, 2011 - 5:33am | 116Wunderlich Securities provided color on GT Solar International (NASDAQ: SOLR) after going through the company's SEC filings. In a research report published today, Wunderlich states, "we believe that financial metrics for the company are above average and we remind investors of the potential...