Orlando, FL -- (SBWIRE) -- 11/01/2013 -- 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 RF Micro Devices, Inc. (NASDAQ:RFMD), Trina Solar Limited (ADR) (NYSE:TSL), Harmony Gold Mining Co. (ADR) (NYSE:HMY).
RF Micro Devices, Inc. (NASDAQ:RFMD) stock gained 0.96% to $5.25. The company on Oct. 23 said it swung to a fiscal second-quarter profit as the wireless-chip maker recorded a surge in revenue. The company reported a profit of $5.9 million, or two cents a share, compared to a year-ago loss of $16.5 million, or six cents a share. Excluding share-based compensation, acquisition-related costs and other items, earnings were $0.12 a share, up from $0.03 a year ago. Revenue jumped 48% to $310.7 million.
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Trina Solar Limited (ADR) (NYSE:TSL) shares declined 0.14% to $14.67. Trina Solar Limited and Argand Energy announced on Oct. 17 the completion of a 453 kW solar PV system on the rooftop of Exhibit Resources in Raleigh. This project, commissioned in July, is one of the few third-party owned commercial rooftop projects completed in North Carolina without the SunSense incentive. Argand Energy led the development and financing efforts for this project overcoming two significant obstacles. The first was securing an investor to take advantage of the 35% state tax credit offered by North Carolina.
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Harmony Gold Mining Co. (ADR) (NYSE:HMY) shares fell 3.95% to $3.40 in the last trading session. Goldman Sachs upgraded Harmony Gold (NYSE: HMY) from Sell to Neutral on Oct. 22. "Although incremental, we continue to believe that the FY14 guidance of 1.3-1.4Moz is overly optimistic and forecast production of 1.26Moz not taking into account work stoppages. We expect a downward revision to production guidance with 1H14 results or perhaps sooner. Also the continued cash burn through to 2016E leads to Harmony’s net debt rising to R3.1 mn in 2016E from R1.6 mn in 2013E. Given this and the weak outlook for gold, we believe that investors will continue to have a muted interest in the stock," said analyst Eugene King.
Is HMY going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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