Orlando, FL -- (SBWIRE) -- 09/03/2013 -- 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 Apache Corporation (NYSE:APA), ReneSola Ltd. (ADR) (NYSE:SOL).
Apache Corporation (NYSE:APA) shares climbed 8.95% and closed at $85.68. Apache Corporation and Sinopec International Petroleum Exploration and Production Corporation on August 29 announced they have launched a global strategic partnership to pursue joint upstream oil and gas projects. As the first step in this partnership, Apache will receive $3.1 billionin cash, subject to customary closing adjustments, in exchange for Sinopec gaining a 33 percent minority participation in Apache's Egyptoil and gas business. Apache will continue to operate its Egyptupstream oil and gas business.
Additionally, APA’s stock was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on August 19. They currently have a $90.00 price target on the stock.
Moreover, the company issued its quarterly earnings data on August 1. The company reported $2.01 EPS for the quarter, meeting the consensus estimate of $2.01. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $4.28 billion.
Are investors worried about the recent updates with APA? Find out with a free trend analysis HERE
ReneSola Ltd. (ADR) (NYSE:SOL) shares gained 8.41% to $4.77. The company on August 30 said its second-quarter loss narrowed, benefiting from higher selling prices of solar wafers and modules. For the period ended June 30, the company lost $21.1 million, or 24 cents per American depositary share. That compares with a loss of $34.8 million, or 40 cents per ADS, a year ago. Revenue soared 62% to $377.4 million from $233 million.
Looking forwatd, the company anticipates third-quarter revenue of $360 million to $380 million.
Additionally, the company on August 26 announced that all shareholder resolutions proposed at the Company's 2013 annual general meeting of shareholders ("AGM") held were duly passed.
Moreover, the company on August 14 announced it has rescheduled its conference call regarding its results for the second quarter ended June 30, 2013. ReneSola's management will host its earnings call on Friday, August 30, 2013 at 8 am U.S. Eastern Time (8 pm Beijing/Hong Kong time).
Is SOL going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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