On June 5, 2014, SolarCity Corp (NASDAQ:SCTY) and REC Group, traded under the company name REC Solar ASA (RECSOL.OL), a leading global provider of energy solutions, announced a supply agreement under which SolarCity will purchase a minimum of 100 MW and up to 240 MW of REC’s high quality, high-performing Peak Energy solar panels during a 12 month period beginning in Q4 2014. SolarCity, the U.S.’ largest solar power provider, plans to install the solar panels across its 15-state service territory. The solar panels are compatible with SolarCity’s Zep Solar mounting system—REC and Zep Solar entered into a technology licensing agreement earlier this year. SolarCity Corp (NASDAQ:SCTY) net profit margin is -19.70% and weekly performance is -0.30%. On last trading day company shares ended up $50.65. Analysts mean target price for the company is $80.50. SolarCity Corp (NASDAQ:SCTY) distance from 50-day simple moving average (SMA50) is -5.93%.
Berkshire Hathaway Inc. (NYSE:BRK.A)’s specialty insurance business, created last year to expand into new niches, said its latest push is into backing construction projects. Berkshire Hathaway Inc. (NYSE:BRK.A) shares fell -0.73% in last trading session and ended the day on $190,950.00. BRK.A Gross Margin is 24.80% and its return on assets is -4.10%. Berkshire Hathaway Inc. (NYSE:BRK.A) quarterly performance is 2.80%.
Priceline Group (NASDAQ:PCLN) was the recipient of unusually large options trading on Thursday. Investors acquired 28,151 call options on the company, Stock Ratings News reports. This is an increase of approximately 108% compared to the typical daily volume of 13,528 call options. Priceline Group Inc (NASDAQ:PCLN) shares moved down -1.82% in last trading session and was closed at $1,226.00, while trading in range of $1,222.00 – $1,264.80. Priceline Group Inc (NASDAQ:PCLN) year to date (YTD) performance is 5.47%.
National Bank of Greece (ADR) (NYSE:NBG) was added to the “model portfolio” of JPMorgan’s European banking analysts Monday, who also added Banco Popular to the list following last week’s moves by the European Central Bank to improve funding to the banking sector. National Bank of Greece (ADR) (NYSE:NBG) ended the last trading day at $3.83. Company weekly volatility is calculated as 3.72% and price to cash ratio as 0.63. National Bank of Greece (ADR) (NYSE:NBG) showed a negative weekly performance of -0.78%.
Breathing respite for Bank of America Corp (NYSE:BAC), U.S. District Judge Max Cogburn hinted that he may turn down a lawsuit filed by the U.S Department of Justice (:DOJ) against the banking bellwether. The news was reported by Reuters. The lawsuit pertains to the sale of risky residential mortgage backed securities (:RMBS). Bank of America Corp (NYSE:BAC) shares moved down -1.09% in last trading session and was closed at $15.42, while trading in range of $15.38 – $15.66. Bank of America Corp (NYSE:BAC) year to date (YTD) performance is -0.90%.
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