Chinese solar panel maker Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) on Tuesday warned that it would miss its fourth-quarter gross margins forecast due to disposal of low-efficiency cell inventory and tax adjustments. The company estimated overall gross margins to be between 12-13 percent for the quarter ended Dec. 31, down from its earlier forecast of 14-16 percent. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) stock opened at $6.08 in last trading session, and closed at $6.00, trading in the range of $5.95 – $6.33. The stock showed a negative weekly performance of -1.96%.
Asus has launched its latest graphics card, based on NVIDIA Corporation (NASDAQ:NVDA) ‘s flagship GeForce GTX Titan Black GPU, in India. The Asus GTX Titan Black-6GD5 comes with 6GB of GDDR5 video RAM and runs at 980MHz. Asus bundles a GPU Tweak utility that buyers can use to overclock their graphics cards within safe limits. The card is priced at Rs. 84,000 in India. NVIDIA Corporation (NASDAQ:NVDA) shares closed at $18.48 on last trade day, by gaining 1.04%. Stock 52 week range is $12.04 – $19.05. Company’s market capitalization is $10.51 billion.
ReneSola Ltd. (ADR) (NYSE:SOL), announced it has delivered approximately 45,900 of its high-efficiency modules to the Photovoltaic Plant of Ferrara Aranova project, a 11.7MW ground-mounted solar project in Italy developed by Tozzi Sud S.p.A., an Italian designer, manufacturer, and installer of power plants. ReneSola Ltd. (ADR) (NYSE:SOL) stock advanced 5.16% and finished the last session at $3.87. The EPS of the stock remained -3.96. Company’s market capitalization is $334.32 million.
Zacks downgraded shares of Cirrus Logic (NASDAQ:CRUS) from an outperform rating to a neutral rating in a report issued on Wednesday, American Banking and Market News reports. They currently have $22.50 target price on the stock. Cirrus Logic, Inc. (NASDAQ:CRUS) stock opened at $19.44 in last trading session and closed at $19.28. The 52 week range of the stock is $16.46 – $25.91 and the day range was $19.21 – $19.59.