Orlando, FL -- (SBWIRE) -- 08/20/2013 -- 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 D.R. Horton, Inc.(NYSE:DHI), Sunedison Inc (NYSE:SUNE).
D.R. Horton, Inc.(NYSE:DHI) shares gained 2.68% to $18.79. The company on July 31 announced that it has priced a registered underwritten public offering of $400 million aggregate principal amount of 5.750% senior notes due 2023. The senior notes will pay interest semi-annually at a rate of 5.750% per year and will mature on August 15, 2023. The closing of the offering is expected to occur on August 5, 2013, subject to customary closing conditions. D.R. Horton will use the net proceeds of the offering for general corporate purposes.
Deutsche Bank Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBS Securities Inc. and Wells Fargo Securities LLC are acting as Joint Book-Running Managers in the transaction. The Company has filed a registration statement (including a prospectus supplement) with the Securities and Exchange Commission (SEC) for the offering to which this press release relates.
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Sunedison Inc (NYSE:SUNE) shares gained 2.32% to $6.61. The company on August 7 said its semiconductor materials business will remain weak, after reporting a loss in its solar energy business that doubled in the second quarter from the first. Adjusted loss in the second quarter was 19 cents per share. Analysts on average had expected a loss of 14 cents per share. Total revenue halved to $401.3 million. The business reported a profit of $11.7 million in the second quarter of last year.
Additionally, SUNE’s stock was upgraded by research analysts at Bank of America Corp. from a “neutral” rating to a “buy” rating in a report released on August 9. The firm currently has a $10.00 target price on the stock, up from their previous target price of $9.00.
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