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UPDATE: Kerrisdale Claims Fraud in Advanced Battery Technologies (ABAT)
Thursday, May 5, 2011 - 8:35am | 69Kerrisdale Investments has posted a negative story on its public blog. In the post, Kerrisdale states that the firm believes Advanced Battery Technologies (NASDAQ: ABAT) "is fabricating its SEC financial statements. We believe that the company's revenue and profit are highly overstated in its SEC...
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Negative Rumors About Advanced Battery Technologies Circulate (ABAT)
Thursday, May 5, 2011 - 8:33am | 93Unconfirmed Negative rumors circulating at Advanced Battery Technologies (Nasdaq: ABAT). Seeing Negative Blog Post http://kerrisdalecap.com/blog.php This article may include mentions of rumors, chatter, or unconfirmed information. Readers should beware that while unconfirmed information may be...
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Jefferies Decreases EPS Estimates from $3.10 To $2.90 And Increases PT From $38.00 To $39.50 On American Electric Power (AEP)
Thursday, May 5, 2011 - 6:19am | 130In a recent report, Jefferies has decreased the 2011 EPS estimates on American Electric Power (NYSE: AEP) from $3.10 to $2.90 and increased the price target from $38.00 to $39.50 after the Public Utilities Commission of Ohio issued an order today, notifying AEP to reduce 2011 EPS by $0.20 as court...
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Axiom Capital Research Comments On Power-One Full Year Guidance (PWER)
Thursday, May 5, 2011 - 5:47am | 137Axiom Capital Research provided color on Power-One (NASDAQ: PWER) in a research report published today. Axiom Capital expressed its concern that Power-One will not be able to meet its full-year guidance for this year. In the report, Axiom Capital states, "While PWER recently adjusted its C1Q11 rev...
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CEOWORLD Most Actives Top Conglomerates Stock Picks on 5/5/11- ITT, FO, ABB, TYC, LUK, DOV, SI, TIN, EMR, GE, EMR, UTX, MMM, TYC
Thursday, May 5, 2011 - 3:47am | 1421ITT Corporation (ITT) a global engineering and manufacturing organization is trading at a price of $57.14, a dramatic change of +0.69 (1.22%) from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 10.52B...
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Points to Consider When Selling Options 05-04-2011
Wednesday, May 4, 2011 - 5:35pm | 911Cusick's Corner I wanted to discuss selling options in this afternoon's Corner. Generally speaking, option selling is a more aggressive strategy compared to option buying. The option seller has an obligation to buy or sell the security which can expose a trader to greater risk. Therefore, it is...
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China Slowdown Slides Market 05-04-2011
Wednesday, May 4, 2011 - 3:25pm | 919Cusick's Corner Support -- that is what the market is looking at into the Midday and After Hours sessions. This pullback is not the surprising but if support is not held, 134 in the SPY, a drive to April lows are in the sights of the bears. Volatility has not popped on the pullback today but it...
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Polypore International Reports EPS of $0.55 vs. $0.40 Estimate; Revenues $185.7M vs. $164.38M Estimate (PPO)
Wednesday, May 4, 2011 - 3:23pm | 22Polypore International (NYSE: PPO) Reports EPS of $0.55 vs. $0.40 Estimate; Revenues $185.7M vs. $164.38M Estimate
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Wunderlich Securities Comments On BTU International (BTUI)
Wednesday, May 4, 2011 - 9:57am | 106Wunderlich Securities provided color on BTU International (NASDAQ: BTUI) in a research report published today. Wunderlich Securities has previously given BTU International a Buy rating and $16 price target. In the report, Wunderlich Securities states, "BTUI International (BTUI) reported 1Q11...
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Options Brief: Yingli Green Energy Holding Company (YGE)
Wednesday, May 4, 2011 - 9:33am | 83Shares of Yingli Green Energy Holding Company (NYSE: YGE) are lower on the session by 2.76%, trading at $11.27. Overall put volume is now running at 4.19x the daily average, with 2% of all puts traded being purchases on the offer. 2,554 contracts have traded on the session so far. Yingli Green...
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Morning Market Losers (KNDI, BTUI, QSFT, DHRM)
Wednesday, May 4, 2011 - 8:53am | 102Kandi Technolgies Corp (NASDAQ: KNDI) shares moved down 23.81% to $2.08 at 9:50 am. KNDI's trailing-twelve-month ROE is -2.86%. BTU International Inc (NASDAQ: BTUI) shares dropped 22.71% to $9.61. BTUI issued weaker-than-expected Q2 revenue projections. Quest Software Inc (NASDAQ: QSFT) dipped 16...
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UPDATE: Jefferies Color On FSLR Target Decrease
Wednesday, May 4, 2011 - 8:39am | 81Jefferies, which lowered its PT on shares of First Solar, Inc. (NASDAQ: FSLR), is providing some color on the stock. “Some 2011 revenue/profitability is carrying over into 2012,” Jefferies writes. “This is not positive enough for the highest multiple and highest market cap solar stock, but given...
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Oppenheimer Reports On RBC Growth
Wednesday, May 4, 2011 - 8:23am | 110Oppenheimer has issued a report regarding the growth of Regal-Beloit (NYSE: RBC). According to the reportm "RBC posted 31% revenue growth (18% acquisitions, we estimate 3% price, 10% volume and FX), to $663M, vs. 21% consensus growth. 5c EPS upside vs. consensus included 12c of deal costs related...
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Upgrades Downgrades, Stocks to Watch May 4
Wednesday, May 4, 2011 - 7:40am | 300First Solar, Inc. (FSLR) Trading at $125 pre market down about $10. 3 conflicting analyst notes so far Agrium upgraded them?! Price target 160 Brean Murry Goes from 181 to 170?! Collins stewart downgrades from Buy to Hold Las Vegas Sands Corp. (LVS) - Trending up in pre market, typical move as LVS...
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Benzinga's Top Pre-Market NASDAQ Losers (MOTR, FSLR, OPEN, ZLCS)
Wednesday, May 4, 2011 - 7:18am | 128Motricity Inc (NASDAQ: MOTR) dipped 8.35% to $11.74 in the pre-market session. MOTR reported weaker-than-expected Q1 revenue. First Solar Inc (NASDAQ: FSLR) fell 7.18% to $124.99 in the pre-market session. FSLR reported a 33% decline in its Q1 profit. OpenTable Inc (NASDAQ: OPEN) moved down 7.14...