Orlando, FL -- (SBWIRE) -- 10/02/2013 -- 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 Beacon Roofing Supply, Inc. (NASDAQ:BECN), Suntech Power Holdings Co., Ltd. (ADR)(NYSE:STP).
Beacon Roofing Supply, Inc. (NASDAQ:BECN) shares dropped 7.11% and closed at $34.25. The company on Oct. 1 announced the relocation of its corporate headquarters from Peabody, Massachusetts to its existing Herndon, Virginia corporate offices located at 505 Huntmar Park Drive, Suite 300, Herndon, Virginia, 20170.
Additionally, On Sep 19, Zacks downgraded their recommendation on Beacon Roofing Supply, Inc. (BECN - Analyst Report), one of the three largest roofing material distributors in the U.S. and Canada, to Underperform following weak third-quarter fiscal 2013 (endedJun 30) results and its downwardly revised earnings guidance.
Are investors worried about the recent updates with BECN? Find out with a free trend analysis HERE
Suntech Power Holdings Co., Ltd. (ADR)(NYSE:STP) shares declined 7.06% to $1.58. The company on Sept. 23 announced that on September 19, 2013, the Company received notice that the Court of Brindisi (Italy) issued a ruling to seize additional solar parks constructed by investee companies of Global Solar Fund S.C.A. SICAR ("GSF"). In total, with this new seizure, an aggregate of 37 GSF solar parks have been ordered seized which have a total capacity of approximately 30MW and represent approximately 21% of the aggregate nominal power capacity of solar parks held by GSF.
Additionally, the company on Sept. 13 announced a change in senior management, with Mr. David King stepping down as CEO and acting CFO and Mr. Zhou Weiping assuming the roles of interim CEO and interim CFO with immediate effect. The board of the Company will first commence a search for a new CFO. Mr. Zhou will retain his roles as President and Director of the Company.
Is STP going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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