Lakeway, TX -- (SBWIRE) -- 02/28/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Power One Inc (NASDAQ:PWER) shares climbed 4.42% and closed at $4.49. PWER’s stock was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a research report issued to clients and investors on Feb. 19. The firm currently has a $6.00 price target on the stock.
Additionally, on Feb. 5, Panasonic Corp. said it has signed a strategic alliance with Power-One Inc. of the U.S. in the field of energy management--such as stationary power storage systems--on a global basis. The Japanese company is promoting energy management business that combines high-efficiency solar panels, power inverters and power-storage systems in the domestic housing market.
How Should Investors Trade PWER After The Recent Movement? Find Out Here
Pandora Media Inc (NYSE:P) shares climbed 4.17% to $12.74. The company yesterday said it would cap free mobile listening at 40 hours per month as it tries to overcome rising royalty costs. Pandora is struggling to grow amid fierce competition from the likes of Sirius XM Radio Inc. The company’s per-track royalty rates have increased more than 25 percent over the last 3 years, including 9 percent in 2013 alone and are set to increase an additional 16 percent over the next two years.
Additionally, the company announced that its fourth quarter and fiscal year 2013 financial results will be released on Thursday, March 7, 2013, after the close of the market.
Is P Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
RF Micro Devices, Inc. (NASDAQ:RFMD) stock increased 3.87% to $4.56. RFMD’s stock was downgraded by Raymond James to a “market perform” rating in a research note issued on Feb. 21.
Additionally, the company yesterday announced the addition of multiple new products to RFMD's industry-leading portfolio of envelope tracking (ET) power management and power amplifier (PA) solutions.
Moreover,the company announced it is shipping production volumes of its power amplification solutions that are compatible with Broadcom's 5G WiFi chips.
Is RFMD a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
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