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UPDATE: Piper Jaffray Lowers PT on Hollysys Automation to $12.50 (HOLI)
Wednesday, May 11, 2011 - 7:06am | 133Piper Jaffray is out with its report today on Hollysys Automation (NASDAQ: HOLI), lowering its PT from $18 to $12.50. In a note to clients, Piper Jaffray writes, "HOLI posted strong fiscal Q3 results, with revenue and net income both easily topping our expectations. Gross margin expanded nicely in...
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Yingli Green Energy Expects Q1 Gross Margins to Be in the Range of 27% to 27.5%
Wednesday, May 11, 2011 - 6:39am | 191Yingli Green Energy Holding Company Limited (NYSE: YGE) which markets its products under the brand "Yingli Solar," today announced certain business updates. Based upon preliminary data for the first quarter of 2011, Yingli Green Energy expects to report that shipment in the first quarter...
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UPDATE: Bank of America Color On TNB Upgrade
Wednesday, May 11, 2011 - 6:25am | 112Bank of America, which upgraded shares of Thomas & Betts Corp. (NYSE: TNB), is providing some color on the stock. “We are raising our operating EPS estimates from $3.30 to $3.40 this year (compares to company guidance of $3.15-$3.35) and from $3.80 to $4.10 next year,” Bank of America writes...
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Citigroup Lowers PT on Energy Conversion Devices To $1
Wednesday, May 11, 2011 - 6:09am | 27Citigroup has lowered the price target on Energy Conversion Devices (NASDAQ: ENER) from $2 to $1 and maintains its Sell rating.
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Piper Jaffray Lowers PT On Hollysys Automation To $12.50
Wednesday, May 11, 2011 - 6:08am | 27Piper Jaffray has lowered the price target on Hollysys Automation (NASDAQ: HOLI) from $18 to $12.50 and maintains its Neutral rating.
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Bank of America Upgrades Thomas & Betts To Buy, PT Raised To $68
Wednesday, May 11, 2011 - 5:34am | 30Bank of America has upgraded Thomas & Betts Corporation (NYSE: TNB) from Neutral to buy and has raised the price target from $58 to $68.
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GT Crystal Systems Commences Lawsuit Against ARC Energy for Misappropriation of Trade Secrets
Tuesday, May 10, 2011 - 1:02pm | 120GT Solar International, Inc. (NASDAQ: SOLR) today announced that its subsidiaries, GT Crystal Systems, LLC and GT Solar Hong Kong, Limited have filed a lawsuit in the Hillsborough County Superior Court in New Hampshire against Advanced RenewableEnergy Company, LLC , Kedar Gupta, its Chief Executive...
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Morning Market Movers (PDEX, FONR, ORBT, CKXE)
Tuesday, May 10, 2011 - 8:49am | 130Pro-Dex Inc (NASDAQ: PDEX) jumped 57.30% to $3.78 at 9:45 am. PDEX reported a 399% y/y jump in its FQ3 net income. Fonar Corporation (NASDAQ: FONR) shares advanced 42.66% to $3.11. FONR reported its FQ3 net income at $1.2 million, versus a net loss of $8,000, in the year-ago period. Orbit...
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GT Solar Receives $91 Million in Orders from Customers in Asia for its Advanced Sapphire Furnaces (SOLR)
Tuesday, May 10, 2011 - 8:38am | 74GT Solar International, Inc. (NASDAQ: SOLR) today announced that it has received three new orders totaling $91 million for its advanced sapphire crystallization furnaces. Two of the orders are from customers in Taiwan, Alpha Crystal Technology, a new customer, and Tera Xtal, who last week announced...
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Updates- Caesars Entertainment, ING Groep, Fiat, F, HELE, SSGRX, STP, FSLR LRN, WEN, CME, SSP
Tuesday, May 10, 2011 - 8:37am | 1108Fiat SpA (F), an Italy-based company active in the automobile sector, said it isn't planning to raise its stake in Chrysler Group LLC beyond 51%, despite options available that could boost its stake to 70%. Ally Financial Inc. is in talks to buy ING Groep NV‘s (INE) online bank, ING Direct USA....
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Market updates- Xstrata, TUI Travel, Pace PLC, easyJet, TT, XTA, CMS, PIC, MDC, EZJ, MDC, JASO
Tuesday, May 10, 2011 - 8:23am | 971International leisure travel company, TUI Travel PLC (TT) rose 2.7% after reporting a narrowing net loss and rising sales. TUI Travel is trading at a price of $249.00,a dramatic change of +5.70 with % change of 2.34 from its previous day's close. Currently, the company has a Market capitalization...
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Solar Stocks; First Solar (Nasdaq: FSLR) & China Power International New Energy Announce International Cooperation Framework Agreement
Tuesday, May 10, 2011 - 8:00am | 61BEIJING - May 10, 2011 (Investorideas.com renewable energy/green newswire) First Solar, Inc. (Nasdaq: FSLR) and China Power International New Energy Holding Limited, a wholly owned subsidiary of China Power New Energy Development Company Limited (CPNE; HKEX Stock Code: 735), today signed a...
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Solar Stocks; First Solar (Nasdaq: FSLR) & China Power International New Energy Announce International Cooperation Framework Agreement
Tuesday, May 10, 2011 - 8:00am | 61BEIJING - May 10, 2011 (Investorideas.com renewable energy/green newswire) First Solar, Inc. (Nasdaq: FSLR) and China Power International New Energy Holding Limited, a wholly owned subsidiary of China Power New Energy Development Company Limited (CPNE; HKEX Stock Code: 735), today signed a...
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Earnings Roundup For May 10 (DF, LRN, MDC, CVLT, DEP, ITYBY, HMIN, IHG, EPD, WMG, BRGYY, TUIVY, PIKE, SZKMY, JASO)
Tuesday, May 10, 2011 - 7:49am | 865Dean Foods Co (NYSE: DF) reported a 41% decline in its first-quarter profit on Tuesday. The company reported its Q1 profit at $25.3 million, or $0.14 per share, compared with $43.2 million, or $0.24 per share, in the year-earlier period. The company's net sales increased 3% to $3.05 billion....
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Benzinga's Top Pre-Market NASDAQ Gainers (SCEI, EBAY, FOSL, JASO)
Tuesday, May 10, 2011 - 7:15am | 119Sino Clean Energy Inc (NASDAQ: SCEI) shares surged 5.20% to $2.63 in the pre-market session. SCEI reported that its has filed formal complaint against short seller attackers. eBay Inc (NASDAQ: EBAY) shares advanced 4.59% to $34.64 in the pre-market session. EBAY's trailing-twelve-month revenue is...