SolarCity Corp (NASDAQ:SCTY) said it signed an agreement to buy Fremont, Calif. company Silevo Inc. for up to $350 million, with the ultimate goal to achieve “a breakthrough in the cost of solar power.” SolarCity Corp (NASDAQ:SCTY) net profit margin is -19.70% and weekly performance is 31.19%. On last trading day company shares ended up $64.53. Analysts mean target price for the company is $80.50. SolarCity Corp (NASDAQ:SCTY) distance from 50-day simple moving average (SMA50) is 21.26%.
DARA Biosciences Inc (NASDAQ:DARA) announced that its board has appointed current President and Chief Operating Officer Christopher Clement to President and Chief Executive Officer, effective immediately. DARA Biosciences Inc (NASDAQ:DARA) shares fell -2.34% in last trading session and ended the day on $1.25. DARA Gross Margin is 50.00% and its return on assets is -110.90%. DARA Biosciences Inc (NASDAQ:DARA) quarterly performance is -59.55%.
SunPower Corporation (NASDAQ:SPWR) and Admirals Bank are coming together with a $200 million loan funding program. It is a specific program to develop the residential solar systems in the next two years. The SunPower Customers can avail the loan funding at preferred lower interest rates. It is a means to get the clean electricity and increased home value by using solar system. SunPower Corporation (NASDAQ:SPWR) shares moved up 4.32% in last trading session and was closed at $40.22, while trading in range of $37.80 – $40.99. SunPower Corporation (NASDAQ:SPWR) year to date (YTD) performance is 34.94%.
On 11 JUNE JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.26. The company had revenue of $366.00 million for the quarter, compared to the consensus estimate of $330.54 million. During the same quarter last year, the company posted ($0.85) earnings per share. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO)’s revenue was up 35.7% compared to the same quarter last year. Analysts expect that JA Solar Holdings Co., Ltd. will post $1.35 EPS for the current fiscal year. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) ended the last trading day at $11.26. Company weekly volatility is calculated as 5.08% and price to cash ratio as 1.72. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) showed a positive weekly performance of 17.17%.
On 10 JUNE Move Inc. (NASDAQ:MOVE) announced the appointment of veteran industry executives Russ Cofano, Rhett Damon and Max Pigman to key leadership roles within the organization. Move Inc. (NASDAQ:MOVE) net profit margin is -1.90% and weekly performance is 9.90%. On last trading day company shares ended up $14.98. Analysts mean target price for the company is $18.67. Move Inc. (NASDAQ:MOVE) distance from 50-day simple moving average (SMA50) is 29.35%.