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New York, NY -- (SBWIRE) -- 01/07/2013 -- ITT Educational Services (NYSE:ESI) is under heavy pressure early Monday on cautious comments about the company's liquidity position.Analysts at PAA Research said ITT's liquidity position has become "increasingly challenged" and the company should attempt to raise money now.The analyst said the company has been overstating earnings as it has been under-reserved for liabilities related to 2007 RSA by $21-$22 million.The company may violate leverage covenants in the next 12-18 months, they said.PAA Research reiterated its Sell rating and cut its price target from $17.50 to $10. Shares of ITT Educational Services closed at $19.29 yesterday, with a 52 week range of $16.37-$77.00.
For an analyst ratings summary and ratings history on ITT Educationat Services click here.
Cree, Inc. (NASDAQ:CREE) is very active today and traded between $32.34 - 33.43 with total traded volume of 1441950 shares. At a current price of 32.63, CREE is -1.73 - -5.03% from the previous close of $34.36. Moreover, At Current Market Price, CREE is in distance of -1.25% from its 50-day Moving Average price of $33.0433 and +15.47% from its 200-day Moving Average price of $28.2579.
Do you think now is a good time to buy or sell CREE? See CREE earnings forecast report Here
Suntech Power Holdings Co Ltd (ADR) (NYSE:STP) increased 2.75% and the last traded price was $1.87. So far this year, the stock is up over 22%. The 52-week range for the stock is $0.71 and $4.40. Suntech Power Holdings is a solar energy company. Suntech is principally engaged in the design, development, manufacturing and marketing of photovoltaic products and also provides engineering, procurement and construction services to building solar power systems using its own solar modules for residential, commercial, and utility-scale power plant customers.
Do you think now is a good time to buy or sell STP? See STP earnings forecast report Here
SunPower Corporation (NASDAQ:SPWR) shares fell 3.75% to $8.73. Lazard Capital Markets recently upgraded the solar power specialist to buy from neutral, with a price target of $11 a share.Additionally, the company recently said it sold two solar projects in California to a company controlled by Warren Buffett’s Berkshire Hathaway Inc (BRK-A), and would receive up to $2.5 billion in proceeds and related contracts. Berkshire utility MidAmerican Energy Holdings Co will pay SunPower between $2.0 billion and $2.5 billion for the 579-megawatt (MW) Antelope Valley solar projects and for designing, installing and constructing them.
Is it the Right to Grab SPWR after the Recent Slump? Get Free Trend Analysis Here
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