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Rockwell Automation Acquires Lektronix
Tuesday, May 24, 2011 - 7:01am | 47Rockwell Automation, Inc. (NYSE: ROK) today announced it has purchased Lektronix. Lektronix provides automation repairs, spares and other maintenance services for most industrial automation products, including programmable logic controllers, electric motor drives, industrial computers, and...
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Piper Jaffray Reiterates Overweight on GT Solar International
Tuesday, May 24, 2011 - 6:23am | 186Piper Jaffray is out with its report today on GT Solar International (NASDAQ: SOLR), reiterating Overweight. In a note to clients, Piper Jaffray writes, "As we expected, SOLR raised its FY12 guidance while beating expectations for 4Q11. SOLR now guides for $1-$1.1b ($850-$1b previously) on gross...
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Stocks To Watch For May 24
Monday, May 23, 2011 - 11:25pm | 285Some of the stocks that may grab investor focus today are: Wall Street expects AutoZone Inc (NYSE: AZO) to report its FQ3 EPS at $4.99 on revenue of $1.92 billion. AZO shares dropped 0.10% to $276.50 in after-hours trading. GT Solar International Inc (NASDAQ: SOLR) reported an increase in its...
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GT Solar Jumps on Large EPS Beat (SOLR)
Monday, May 23, 2011 - 3:23pm | 177Shares of GT Solar (NASDAQ: SOLR) are popping in the after-hours trade following the release of the company's Q4 earnings results. Currently, shares are higher by 10.07%, trading at $12.79; they closed the regular session lower by 5.68%, at $11.62. GT Solar reported Q4 EPS of $0.41 on revenues of...
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Options Brief: Yingli Green Energy
Monday, May 23, 2011 - 1:55pm | 81Shares of Yingli Green Energy (NYSE: YGE) are lower on the session by 2.25%, trading at $8.84. Overall call volume is now running at 5.63x the daily average, with 69% of all calls traded being purchases on the offer. 4,765 contracts have traded on the session so far. Yingli Green Energy Holding...
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Lime Energy Announces Board of Director and Executive Management Change
Monday, May 23, 2011 - 8:03am | 271Lime Energy Co. (Nasdaq: LIME), a leading provider of energy efficiency and renewable energy solutions, today announced changes to its Executive Management team and Board of Directors. John O'Rourke has been elected President and Chief Executive Officer of the company, David Asplund has been...
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Earnings Roundup For May 23
Monday, May 23, 2011 - 7:41am | 715Perry Ellis International Inc (NASDAQ: PERY) reported upbeat quarterly results and lifted its earnings guidance for the year. Perry Ellis reported its Q1 net income at $15.4 million, or $0.99 per share, up from $11.2 million, or $0.81 per share, in the year-ago period. Excluding items, PERY's...
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Wunderlich Maintains Buy on GT Solar International
Monday, May 23, 2011 - 7:32am | 97Wunderlich is out with its report today on GT Solar International (NASDAQ: SOLR), maintaining Buy. In a note to clients, Wunderlich writes, "GT Solar is set to report May 24. We expect the company to exceed consensus estimates. Recent news reports suggest SOLR could be an acquisition target and we...
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UPDATE: Citi Upgrades Yingli Green Energy to Hold
Monday, May 23, 2011 - 7:14am | 109Citi is out with its report today on Yingli Green Energy (NYSE: YGE), upgrading YGE from Sell to Hold. In a note to clients, Citi writes, "We rate shares of YGE Hold, Speculative (2S). While YGE's price leadership may continue to drive incremental share gains and Fine Silicon may ultimately yield...
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Hollysys Automation Announces "Two Meaningful Steps Toward More International Exposure," Piper Jaffray Reports
Monday, May 23, 2011 - 7:09am | 120In a press release on Friday, Hollysys Automation Technologies, Ltd (NASDAQ: HOLI) announced “two meaningful steps toward more international exposure,” Piper Jaffray reports. “First, the company announced a sizable acquisition,” Piper Jaffray writes. “Second, HOLI officially announced a plan to...
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A Peek Into The Market Before The Trading Starts
Monday, May 23, 2011 - 6:28am | 414Pre-open movers US stock futures are lower this morning. Futures on the Dow Jones Industrial Average dipped 121 points to 12,345.00 and futures on the S&P 500 stock index fell 13.10 points to 1,314.70. Nasdaq 100 futures dropped 24.25 points to 2,319.25. A Peek Into Global Markets Asian...
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UPDATE: China Sunergy Reports Weaker-Than-Expected Q1 Results
Monday, May 23, 2011 - 6:12am | 126China Sunergy Co Ltd (NASDAQ: CSUN) posted weaker-than-expected Q1 results on Monday. China Sunergy reported its quarterly net income at $3.5 million or, $0.09 per American depository share (ADS), down from $7.1 million, or $0.18 per ADS. Its revenue jumped 59% to $165.7 million. However, analysts...
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Citigroup Upgrades Yingli Green Energy To Hold, Lowers PT To $9.75
Monday, May 23, 2011 - 5:40am | 28Citigroup has upgraded Yingli Green Energy (NYSE: YGE) From Sell to Hold and has lowered the price target from $11 to $9.75.
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Merger Arbitrage Mondays – May 23, 2011
Monday, May 23, 2011 - 1:08am | 4780Merger activity increased last week with five new deals announced and seven closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 74 Total Number of Deals...
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Earnings Scheduled For May 23
Monday, May 23, 2011 - 12:10am | 324China Sunergy Co Ltd (NASDAQ: CSUN) is expected to report its Q1 EPS at $0.12 on revenue of $191.79 million. Perry Ellis International Inc (NASDAQ: PERY) is projected to report its Q1 earnings at $0.99 per share on revenue of $277.07 million. GT Solar International Inc (NASDAQ: SOLR) is estimated...