Shares of World Moto Inc. (OTC: FARE), a manufacturer and supplier of taxi meters for the motorcycle taxi industry, are seeing a huge rally in trading today. At last check, FARE shares were trading 19.06% higher at $0.301 on above average volume of 32.80 million. The stock hit an intra-day high of $0.32 in trading today. FARE shares have gained nearly 59% in the last three trading sessions.
Month: January 2013
Nationstar Mortgage Holdings to Acquire Mortgage Servicing Assets from Bank of America; Shares Surge (NSM, BAC)
Shares of Nationstar Mortgage Holdings Inc. (NYSE: NSM), a non-bank residential mortgage servicer with a range of services across the residential mortgage product spectrum, are soaring in trading today after the company’s wholly-owned subsidiary signed a definitive agreement with Bank of America Corp. (NYSE: BAC) to acquire mortgage servicing assets.
Eli Lilly’s Fiscal 2013 Outlook Betters Street’s Estimate (LLY)
Pharmaceutical company, Eli Lilly & Co. (NYSE: LLY) edged up on Friday after the company said that fiscal 2013 earnings will beat Street’s estimate despite the fact that two of its key drugs will lose U.S. patent protection during this year.
Continue reading Eli Lilly’s Fiscal 2013 Outlook Betters Street’s Estimate (LLY)
Micro-Caps in Focus; MediSwipe Inc. (MWIP), Petrosonic Energy Inc. (PSON), New Western Energy Corp. (NWTR)
Shares of MediSwipe Inc. (PINK: MWIP), a provider of transaction processing and security solutions for medical and healthcare industries, are soaring in trading today. At last check, MWIP shares were trading 11.94% higher at $0.0300 on above average volume of 18.86 million. The stock has gained more than 93% in the last three trading sessions.
Progress Software Shares Surge on Q4 Results (PRGS)
Shares of Progress Software Corporation (NASDAQ: PRGS), a global enterprise software company offering a portfolio of real-time software solutions, are soaring in trading today after the company reported its fourth-quarter financial results.
Continue reading Progress Software Shares Surge on Q4 Results (PRGS)
Major Movers on January 4; CSTR, MOS, LULU, ROVI, FINL
Shares of Coinstar Inc. (NASDAQ: CSTR), a provider of automated retail solutions, are down sharply in early trading today. At last check, CSTR shares were trading 6.13% lower at $48.86 on volume of 22,327. The stock fell to an intra-day low of $48.80 today.
Continue reading Major Movers on January 4; CSTR, MOS, LULU, ROVI, FINL
Target Shares Gain on December Sales Results (TGT)
Shares of Target Corporation (NYSE: TGT), the Minneapolis, Minnesota-based retailer, rose sharply in trading on Thursday after the company reported its sales results for the month of December.
Continue reading Target Shares Gain on December Sales Results (TGT)
Major Movers on January 3; FDO, RIG, MLNX, HRL, MASI, LXK
Shares of Family Dollar Stores Inc. (NYSE: FDO), a Matthews, North Carolina-based company operating a chain of over 7,400 general merchandise retail discount stores in 45 states, are sinking in trading today. At last check, FDO shares were trading 11.96% lower at $56.38 on above average volume of 11.88 million. The stock hit an intra-day low of $53.03 earlier today.
Continue reading Major Movers on January 3; FDO, RIG, MLNX, HRL, MASI, LXK
Buffett’s MidAmerican Energy Buys Two Solar Projects from SunPower (SPWR, BRK.A)
SunPower Corp. (NASDAQ: SPWR) announced on Wednesday that it has sold two solar projects running in California to a firm controlled by Warren Buffet’s Berkshire Hathaway Inc. (NYSE: BRK.A). In lieu, SunPower would receive about $2.5 billion along with related contracts.
Shares of SunPower climbed more than 30% in early trading on Thursday. On Wednesday, the stock gained 9% to $6.13, its highest level since last eight months.
In its regulatory filing, SunPower said Berkshire utility MidAmerican Energy Holdings Co. will pay SunPower between $2.0 billion and $2.5 billion for the 579-megawatt (MW) Antelope Valley solar projects which include the fees for designing, installing and constructing solar energy sites.
SunPower boasts these projects as world’s largest photovoltaic power development project and construction on this venture is expected to be completed by the end of 2015.
While speaking to Reuters, SunPower’s Chief Executive Tom Werner said investments from Buffet owned utility firm indicate endorsement of these projects,. He added that anticipated cash flows from these projects will only make SunPower more creditworthy and bankable.
“If you are a bank you are looking at us a lot differently today than you did last week,” said the CEO while speaking to Reuters.
However, analysts at Raymond James remained skeptical on the Company, citing that projects are too costly in the backdrop of falling margins and lack of demand for solar energy.
“( A deal with Buffest owned utility) does not alter the fact that SunPower retains a markedly high-cost structure and razor-thin margins in the context of a massively oversupplied market,” said Marshall Adkins, an analyst at Raymond James.
For MidAmerican Energy Holdings Co, addition of these two new projects will further increase firm’s growing footprint in clean energy business.
Earlier in 2011, MidAmerican acquired 49 percent stake in a 290 MW solar power plant in Arizona from NRG Energy Inc. (NYSE: NRG) and purchased First Solar Inc.’s (NASDAQ: FSLR) 550 MW Topaz Solar Farm power plant in California.
Micro-Caps on Watch; IceWEB Inc. (IWEB), Vendum Batteries Inc. (VNDB), Active Health Foods Inc. (AHFD)
Shares of IceWEB Inc. (OTC: IWEB), a manufacturer, marketer and seller of purpose built appliances and network and cloud-attached storage solutions, are up sharply up sharply in trading today.