SunPower Corporation (NASDAQ:SPWR) and Admirals Bank are coming together with a $200 million loan funding program. It is a specific program to develop the residential solar systems in the next two years. The SunPower Customers can avail the loan funding at preferred lower interest rates. It is a means to get the clean electricity and increased home value by using solar system. SunPower Corporation (NASDAQ:SPWR) net profit margin is 8.40% and weekly performance is 19.73%. On last trading day company shares ended up $40.22. Analysts mean target price for the company is $37.32. SunPower Corporation (NASDAQ:SPWR) distance from 50-day simple moving average is 25.40%.
SolarCity Corp. (SCTY), the installer of rooftop power systems that lists Musk as its top shareholder and chairman, agreed to pay $200 million in stock to acquire a maker of high-performance solar panels. It plans to build a factory that will have at least a gigawatt of annual production capacity, the company said. SolarCity Corp (NASDAQ:SCTY) shares advanced 17.58% in last trading session and ended the day on $64.53. SCTY Gross Margin is 23.60% and its return on assets is -1.70%. SolarCity Corp (NASDAQ:SCTY) quarterly performance is -16.30%.
Analysts at JPMorgan Chase & Co. boosted their price target on shares of Raytheon Company (NYSE:RTN) from $87.00 to $88.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “neutral” rating on the stock. Raytheon Company (NYSE:RTN) shares moved down -1.31% in last trading session and was closed at $95.83, while trading in range of $95.82-$97.16.Raytheon Company (NYSE:RTN) year to date performance is 6.31%.
On June 11, 2014Michael Kors Holdings Limited (NYSE:KORS) announced that the company will be presenting at the Deutsche Bank dbAccess 11th Annual Global Consumer Conference, held at The Westin Paris — Vendôme in Paris, France on Thursday, June 19, 2014 at 9:15 AM CEST. John D. Idol, Chairman, Chief Executive Officer and Director, and Joseph B. Parsons, Executive Vice President, Chief Financial Officer, Chief Operating Officer & Treasurer, will host the presentation.Michael Kors Holdings Ltd (NYSE:KORS) ended the last trading day at $91.06. Company weekly volatility is calculated as 2.70% and price to cash ratio as 19.48. Michael Kors Holdings Ltd (NYSE:KORS) showed a negative weekly performance of -3.52%.
Zacks reaffirmed their neutral rating on shares of Fossil Group (NASDAQ:FOSL) in a research note issued to investors on Friday. The firm currently has a $106.00 price target on the stock. Fossil Group Inc (NASDAQ:FOSL) net profit margin is 11.10% and weekly performance is 0.73%. On last trading day company shares ended up $107.14. Analysts mean target price for the company is $123.78. Fossil Group Inc (NASDAQ:FOSL) distance from 50-day simple moving average is 0.68%.
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