Active Stocks: First Solar, J.C. Penney Company, Google Inc
2013-03-26 11:41 ET - News Release
NEW YORK, March 26, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on First Solar, J.C. Penney Company, Google Inc.
First Solar, Inc.(NASDAQ:FSLR) shares decreased 2.53% to $27.32. Zacks reaffirmed their neutral rating onshares of First Solar (NASDAQ: FSLR) in a research note released on Mar. 21. They currently have a $31.00 price target on the stock. Separately, analysts at DNB Markets upgraded shares of First Solar from a sell rating to a hold rating in a research note to investors on Tuesday, March 12th. They now have a $27.00 price target on the stock.
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Additionally, the company, on Mar. 18, announced that a team of students from Inner Mongolia University ofTechnology (IMUT) will use the Company's advanced thin-film solar photovoltaic (PV) modules to power its house in the 2013 Solar Decathlon China competition.
First Solar donated 150 of its PV modules with a peak generating capacity of 13 kilowatts (KW) to IMUT's "Team Green Sun" and will provide technical support for the project team, as well as collaborating with IMUT on solar education.
J.C. Penney Company, Inc.(NYSE:JCP) shares declined 0.59% to $15.09. Equities researchers at Piper Jaffray dropped their target price on shares of JCP from $16.00 to $14.00 in a report issued on Mar. 25. The firmcurrently has a “neutral” rating on the stock.
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Additionally, the company, on Mar. 21, cut 27% of its workforce last year as the retailer struggled to turn itself around. The department store chain slashed 43,000 jobs, according to its annual report filed with the Securitiesand Exchange Commission. J.C. Penney reported a total of 116,000 full-time and part-time workers at the end of its fiscal year that ended February, down from 159,000 workers last year.
Moreover, the company issued its quarterly earnings data on Feb. 27. The company reported ($1.95) EPS for the quarter, missing the consensus estimate of ($0.17) by $1.78. The company had revenue of $3.88 billion for thequarter, compared to the consensus estimate of $4.08 billion.
Meanwhile, it looks like Google Inc(NASDAQ:GOOG) has begun preparing for the release of Chromebooks based on Intel's forthcoming Haswell processor. Intel's forthcoming 22nm chip has been codenamed Haswell. Its low power drain feature renders it ideal for mobile devices. According to Intel, Haswell-based devices could get double the battery life compared to devices using its third generation Ivy Bridge processors.
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Google Chromebooks are budget machines that run the Google built, Linux-based Chrome OS, designed around web apps and online use. Google had unveiled the $1,299 Chromebook Pixel, a machine with a far higher spec than the base range, earlier this year.
The current range of Chromebooks feature the Arm Cortex A-15 based Samsung Exynos 5 processor or a dual-core Intel Celeron CPU. The Pixel is based on a 1.8GHz dual core Intel Core i5 processor. Google declined to comment on the news report.
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