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 Amarin Corporation plc (ADR)(NASDAQ:AMRN), SunPowerCorporation(NASDAQ:SPWR).
Amarin Corporation plc (ADR)(NASDAQ:AMRN) shares fell 3.99% and closed at $2.19. The company on Oct. 22 announced plans to reduce operating expenses by eliminating approximately fifty percent of its staff positions worldwide following the recent recommendation of the U.S. Food and Drug Administration (FDA) Endocrinologic and Metabolic Drugs Advisory Committee against the potential Vascepa(R) (icosapent ethyl) label expansion.
Amarin will continue its dialogue with FDA regarding the ANCHOR data. Given the outcome of the advisory committee meeting, Amarin feels this shift in staffing is the appropriate corporate action. Amarin is grateful to all employees for their significant efforts and contributions to the organization.
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SunPowerCorporation(NASDAQ:SPWR) shares declined 1.98% to $33.71. The company on Oct. 21 said it will showcase its 1,500V frameless photovoltaic module at the Solar Power International (SPI) Exhibition in Chicago, Illinois. This higher voltage module, engineered for utility-scale and commercial applications, lowers balance of system costs. Suntech's 1,500V frameless PV module will be on display at booth #243.
Additionally, the company on Oct. 9 announced that marketing veteran Erin Mulligan Nelson has been named the company's executive vice president and chief marketing officer (CMO). In this role, she will drive SunPower's overall global brand and marketing strategies. Nelson has significant executive-level marketing experience with both Fortune 50 and high-growth pre-IPO companies, including chief marketing officer of Dell and Bazaarvoice. Her position is effective immediately and she will be based in the company's Austin, Texas office.
Is SPWR going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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