SunPower Put in the Shade (SPWRA, SPWRB)
SunPower Corporation (NASDAQ: SPWRA) (NASDAQ: SPWRB) is taking it on the chin. We have seen at least two analyst downgrades after last night’s disclosure that it was “reviewing unsubstantiated accounting entries.” In short, accounting irregularities may be there. No one wants to see this in a stock, particularly in a battered solar stock. At 8:44 [...]
Netlist Sees Some Logic (NLST)
Netlist Inc. (NASDAQ: NLST) is playing a bit of the give-back game this morning. Frankly, this was getting very hard to comprehend even if the news is good and even if the stocks can manage to keep running higher and higher. The company rose 39% yesterday after announcing that it was demonstrating its new HyperCloud [...]
NeurogesX Gets on the Map (NGSX)
NeurogesX, Inc. (NASDAQ: NGSX) is an unknown stock to many, but it may become much more well known if this approval can be extended out to other uses. The company yesterday after the close received FDA approval of its Qutenza, a new capsaicin prescription patch applied to the skin for one hour for reduction of [...]
Pacific Sunwear Earnings.. A 2012 Of Its Own (PSUN)
Pacific Sunwear (NASDAQ: PSUN) is taking it on the chin. This was off by 18.7% at $4.07 last night after the company’s loss only widened out in the third quarter, but it now is looking or a loss in the special Q4 period. We also saw 415,000 shares in the after-hours period last night. [...]
Semitool Sees Exponential Trading Volume on Deal (SMTL, AMAT)
Semitool, Inc. (NASDAQ: SMTL) is being acquired by Applied Materials, Inc. (NASDAQ: AMAT) for $11.00 per share in cash, or $364 million. At 8:20 AM EST we have seen almost 4,000,000 shares of Semitool trade and shares are up 30% at $10.94. Average volume here is a mere 160,000 shares, so you can already rack [...]
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