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New York, NY -- (SBWIRE) -- 01/04/2013 -- SunPower Corp (NASDAQ:SPWR) announcing that Berkshire subsidiary MidAmerican agreed to purchase their 579-megawatt Antelope Valley Solar Project. The sale, which includes interest in the project and engineering, procurement, and construction (EPC) services, is said to be in the $2.0 plus billion range. When completed this PV plant looks to be the largest in the nation. To have a project of this size and magnitude sold before it was started is a huge plus for the company. Shares traded up almost 50% following this announcement, settling shortly after market close at $9.13. This announcement helped the entire Bi-solar Index climb 14%. Following a breakout like this how do you know when to sell, how do you know when the next level of resistance is.
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LDK Solar Co., Ltd (ADR) (NYSE:LDK) shares increased 9.72% to $1.58 after the company announced that it has signed a purchase agreement with Shanghai Qianjiang Group in which Qianjiang Group has agreed to purchase all shares of LDK Anhui, located in Hefei City, for approximately RMB 25 million. According to the terms of the agreement, Qianjiang Group will release the guarantee LDK Solar provided to LDK Anhui and its subsidiaries within 12 months, as well as compensate LDK Solar for any loss associated with such guarantee, prior to its release.
Will New Regulations Weigh over LDK Revenue Stream? Find Out Here
Shares of Vringo, Inc. Comm (NYSE:VRNG) are trading at $3.50 and is +7.72% from its 50-day Moving Average price of $3.2491 and -1.77% from its 200-day Moving Average price of $3.5631. The average trading volume is 7669030 shares and its market capitalization is $281.1M.
How Should Investors React To VRNG Now? Find Out Here
Longwei Petroleum Investment Hold Ltd (NYSE:LPH) shares increased 9% and closed at $2.30 in yesterday’s session. The company announced that it has raised its full-year guidance for the fiscal year ending June 30, 2013. The company now forecasts FY13 revenue to increase 30.7% year-over-year to $667.3 million, versus prior forecasts of $646.3 million. The lounge also projects net income, adjusted for the warrant derivative liability, to increase approximately 23.0% year-over-year to $80.1 million, versus the prior forecast of $77.6 million.
Can LPH Bounce Back? Find Out Here
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