Orlando, FL -- (SBWIRE) -- 09/25/2013 -- 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 KB Home (NYSE:KBH), ReneSola Ltd. (ADR) (NYSE:SOL).
KB Home (NYSE:KBH) shares increased 4.29% to $17.76. The company on Sept. 24 said its fiscal third-quarter profit soared from a year earlier as the home builder reported double-digit revenue growth in each of its homebuilding regions and selling prices increased.
For the quarter ended Aug. 31, KB Home reported a profit of $27.3 million, or 30 cents a share, compared with a year-earlier profit of $3.26 million, or four cents a share. Revenue rose 29% to $548.9 million. Analysts most recently projected a per-share profit of 21 cents and revenue of $567 million.
Additionally, the company on Sept. 18 announce the availability of new homes at its Dakota and Sheridan at Parkside communities in Ontario. Parkside is situated less than a mile north of the I-10 off the Archibald Avenue exit and just minutes from the I-15, Metrolink stations and the Ontario International Airport, making it a prime location for commuters traveling across town or across the country.
Are investors worried about the recent updates with KBH? Find out with a free trend analysis HERE
ReneSola Ltd. (ADR) (NYSE:SOL) shares declined 2.91% to $4. The company on Sept. 17 announced that it has closed its previously announced $70 million securities offering. The net proceeds received by the Company are intended to be used for polysilicon production optimization and as working capital for general corporate purposes. The securities were offered by ReneSola pursuant to a shelf registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission (the "SEC").
Additionally, For the first time, ReneSola Ltd. (SOL) has been selected by Panasonic Eco Solutions North America for its high-efficiency polycrystalline modules on Sept. 11. These modules will be utilized by Panasonic for its multiple photovoltaic (:PV) projects.
Particularly, the company will supply 12,176 polycrystalline panels carrying a capacity of 255 watt ("W"), 300W, and 305W. These highly efficient modules will generate 3.4 megawatt ("MW") of solar power at Panasonic’s upcoming solar projects in the Colorado cities of Bellvue, Loveland, Denver, Broomfield, Boulder, and Rifle, as well as in the California city of Fresno.
Is SOL going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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