Orlando, FL -- (SBWIRE) -- 10/24/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On SolarCity Corp (NASDAQ:SCTY), Walter Energy, Inc. (NYSE:WLT).
SolarCity Corp (NASDAQ:SCTY) shares dropped 3.15% and closed at $57.82 in the last trading session. The company on Oct. 23 announced it has been selected by Hawaiian Electric Company to build a 15-megawatt photovoltaic system to provide clean energy to O'ahu residents. The 50-acre project will be constructed on undeveloped land at the Kahe Generating Station, subject to PUC approval.
Additionally, the company announced that it will issue its third quarter 2013 earnings report after the market's close on Wednesday, November 6, 2013.
Moreover, the company on Oct. 16 announced the pricing of offerings of 3,400,000 shares of common stock at a price of $46.54 per share and $200.0 million aggregate principal amount of its 2.75% convertible senior notes due 2018 in concurrent underwritten registered public offerings.
Are investors worried about the recent updates with SCTY? Find out with a free trend analysis HERE
Walter Energy, Inc. (NYSE:WLT) shares decreased 2.12% to $14.79 in the previous trading session. WLT‘s stock had its “neutral” rating reiterated by Zacks in a research note issued on Oct. 23. They currently have a $16.00 price objective on the stock. Zacks‘ price objective suggests a potential upside of 5.89% from the stock’s previous close. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of WLT in a research note to investors on Oct. 17th. They now have a $20.00 price target on the stock, up previously from $16.00.
Is WLT going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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