Microchip Technology (NASDAQ:MCHP)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Thursday, Analyst Ratings.Net reports. They currently have a $49.00 price objective on the stock. Zacks‘s price objective suggests a potential upside of 4.52% from the stock’s previous close. Microchip Technology Inc. (NASDAQ:MCHP) net profit margin is 20.50% and weekly performance is -0.94%. On last trading day company shares ended up $46.45. Analysts mean target price for the company is $51.08. Microchip Technology Inc. (NASDAQ:MCHP) distance from 50-day simple moving average (SMA50) is -1.44%.
On May 9, JinkoSolar Holding Co., Ltd. (NYSE:JKS) announced that it will supply 35 MW of solar PV modules to Clenera, a clean energy finance and management firm, for the construction of the Avalon Solar Project. According to terms of the agreement, groundbreaking is expected to begin during the second quarter of 2014, with an anticipated completion date during the fourth quarter of 2014. Swinerton Renewable Energy will provide engineering, procurement, and construction services for the project. JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares fell -2.67% in last trading session and ended the day on $26.26. JKS Gross Margin is 20.30% and its return on assets is 1.90%. JinkoSolar Holding Co., Ltd. (NYSE:JKS) quarterly performance is -12.41%.
On May 12, First Solar, Inc. (NASDAQ:FSLR) rises with its peers, levels to watch, Shares are up as solar energy stocks as a group are on the move higher. Next resistance is at $66.95. Support is at $64.28. The short-term trend will remain bearish until shares rise above $70. First Solar, Inc. (NASDAQ:FSLR) shares fell -1.84% in last trading session and ended the day on $61.89. FSLR Gross Margin is 26.10% and its return on assets is 5.20%. First Solar, Inc. (NASDAQ:FSLR) quarterly performance is 19.99%.
Altera Corporation (NASDAQ:ALTR) is demonstrating its military radar systems solutions with FPGA-based military radar reference designs at IEEE RadarCon 2014 Booth #9 in Cincinnati from May 19 to 23. In addition, Altera will share more about its latest Arria® 10 FPGAs, the only programmable logic devices in the industry to include hardened floating point IEEE 754 DSP (digital signal processing) blocks, making them ideal for radar systems design. Altera Corporation (NASDAQ:ALTR) shares moved down -0.55% in last trading session and was closed at $32.43, while trading in range of $32.38 – $32.88. Altera Corporation (NASDAQ:ALTR)year to date (YTD) performance is 0.68%.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) announced that it will provide engineering, procurement and construction services to the Electricity Generating Authority of Thailand (EGAT) for a 5 MW solar power plant in Thailand as a member of a four-party Consortium (“Consortium”). The newly formed Consortium is composed of Yingli Energy (Beijing) Co., Ltd., the Company’s holding subsidiary; HYDROCHINA International Engineering Co., Ltd., a subsidiary of the Power Construction Corporation of China (POWERCHINA); Hebei Electric Power Design & Research Institute; and Thailand’s Wattanasuk Engineering Co., Ltd. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) ended the last trading day at $3.05. Company weekly volatility is calculated as 6.52% and price to cash ratio as 3.14. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) showed a positive weekly performance of 2.35%.
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