China Ming Yang Wind Power Group Limited (NYSE:MY), a leading wind turbine manufacturer in China, announced that it expects to report its unaudited financial results for the first quarter ended March 31, 2014 before the market opens in the United States on Wednesday, May 21, 2014. China Ming Yang Wind Power Group Ltd (NYSE:MY) net profit margin is -7.30% and weekly performance is 9.68%. On last trading day company shares ended up $2.72. Analysts mean target price for the company is $0.90. China Ming Yang Wind Power Group Ltd (NYSE:MY) distance from 50-day simple moving average (SMA50) is -8.67%.
Weibo Corp (ADR) (NASDAQ:WB) also popped 9.29% after analysts Gene Munster at Piper Jaffray initiated coverage of the stock with Over Weight rating. Weibo Corp (ADR) (NASDAQ:WB) shares advanced 2.77% in last trading session and ended the day on $20.06. WB Gross Margin is 68.20% and its return on assets is -38.40%.
In order to help PC and smartphone users worldwide who are looking for simpler ways to improve their digital lives, Baidu Inc (ADR) (NASDAQ:BIDU), the world’s leading Chinese search engine and developer of award-winning PC, Web and mobile products, announced the launch of its global PowerUP campaign. Baidu PowerUP will kick off with an online sweepstakes campaign, and will conclude in June in the form of live events in select cities around the globe. Baidu Inc (ADR) (NASDAQ:BIDU) shares moved down -2.36% in last trading session and was closed at $156.11, while trading in range of $155.12 – $159.61. Baidu Inc (ADR) (NASDAQ:BIDU) year to date (YTD) performance is -12.24%.
Broadwind Energy, Inc. (Nasdaq:BWEN) reported Q4 EPS of ($0.07), $0.02 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $58.8 million versus the consensus estimate of $55.99 million. The Company reported non-GAAP adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, share-based payments and restructuring costs) of $2.8 million in the first quarter of 2014, compared to $1.3 million in the first quarter of 2013. Broadwind Energy Inc. (NASDAQ:BWEN) ended the last trading day at $12.63. Company weekly volatility is calculated as 7.74% and price to cash ratio as 7.15. Broadwind Energy Inc. (NASDAQ:BWEN) showed a negative weekly performance of -0.71%.
VESTAS WIND ADR (OTCMKTS:VWDRY) has installed the first V110-2.0 MW prototype turbine at a test site in Høvsøre, on the west coast of Jutland, Denmark. The turbine has produced the first kilowatt hour of electricity and will undergo an extensive test and verification programme to ensure reliability before full scale production commences prior to the first deliveries at the end of the year. The V110-2.0 MW is built from the proven technology of Vestas’ 2 MW platform and features a larger rotor using 55m blades. The turbine is optimised for production on low wind sites, and increases annual energy production by up to 13.6% compared to the V100-1.8 MW on low wind sites. VESTAS WIND ADR (OTCMKTS:VWDRY) on last trading day company shares ended up $16.18.