Goldman Sachs initiated coverage on JinkoSolar Holding Co., Ltd. (NYSE:JKS) with a Neutral rating and a price target of $35.80. Analyst Frank He said, “We believe: (1) Jinko’s vertically integrated business model enables the company to have cost leadership among peers. Therefore, the company generates premium margin and was the first company to achieve a profit turnaround in 2Q13, when the industry entered into the recovery cycle; (2) Jinko is largely not affected by the current trade dispute between the US and China as only 8% of its shipments were to the US in 3Q13; and (3) its strategic move to downstream solar project operations creates recurring earnings streams, which will enhance earnings visibility. Moreover, its proposed spin-off on downstream power assets could lower its cost of capital. We estimateevery 500MW of solar projects addition would bring US$30 mn of value creation for Jinko’s equity shareholders (or US$1.1 per share). JinkoSolar Holding Co., Ltd. (NYSE:JKS) stock opened at $36.73 in last session, and closed at $35.99, while the day range of JKS stock is $35.67-$37.40. The stock showed a positive weekly performance of 9.99%.
ZBB Energy Corporation (NYSEMKT:ZBB) is a player in the alternative energy industry. And as the industry continues to be a source of good news, thanks to the surge in the need for cleaner and more efficient power and energy storage solutions, stocks in this industry are fast getting excited. ZBB Energy Corporation (NYSEMKT:ZBB) stock opened at $2.18, in last session and closed at $2.18, by gained 4.18%.The 52 week range was $0.40-$2.89.Company’s market capitalization is $38.65 million.
Intellicheck Mobilisa, Inc. (nysemkt:IDN), a global leader in identity solutions and wireless security systems, will report financial results for the fourth quarter and full year ended December 31, 2013, prior to market open on March 25, 2014. Following the announcement, the Company will hold an earnings conference call at 11:00 am ET/8:00 am PT to discuss operating results. Intellicheck Mobilisa, Inc. (NYSEMKT:IDN) stock loosed -3.81% and finished the last session at $1.01. The EPS of the stock remained -0.13. Company’s market capitalization is $36.03 million.
Shares of Emerson Electric (NYSE:EMR) have earned an average recommendation of “Hold” from the eighteen analysts that are presently covering the stock, American Banking News.com reports. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $65.93. Emerson Electric Co. (NYSE:EMR) stock opened the session at $65.35, and closed the session at $65.60. The 52 week range of the EMR stock remained $53.08-$70.66 and the day range was $65.30-$65.88.
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