On June 18, 2014, Facebook Inc (NASDAQ:FB), takes on Cisco with Wedge, which brings the company into the $23 billion Ethernet switch market, which is dominated by Cisco Systems. Facebook Wedge is part of the Open Compute Project (OCP), which is an initiative focused on disrupting the computer hardware market. Facebook Inc (NASDAQ:FB), net profit margin is 21.40%. On last trading day company shares ended up $64.50. Analysts mean target price for the company is $77.91. Facebook Inc (NASDAQ:FB), distance from 50-day simple moving average (SMA50) is 5.61%.
On June 19, 2014, Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), announced that its subsidiary, Yingli Green Energy Singapore Company Pte. Limited, will supply solar modules to Gading Kencana Sdn Bhd., a Malaysian solar power company. The total output capacity of the modules supplied will be 12 MWp (megawatt peak). Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), advanced 4.97% in last trading session and ended the day on $4.01. YGE, Gross Margin is 10.90% and its return on assets is -6.90%. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), quarterly performance is -15.76%.
On June 20, 2014, Elon Musk’s solar power startup, SolarCity Corp (NASDAQ:SCTY), announced it would purchase solar panel maker Silevo for $200 million and build a manufacturing plant in upstate New York. The achievement is just one of nine on this week’s “Innovations of the Week” infographic by tech insight aggregator, Tumotech. SolarCity Corp (NASDAQ:SCTY), shares moved up 1.55% in last trading session and was closed at $69.00, while trading in range of $66.77 – 69.86. SolarCity Corp (NASDAQ:SCTY), year to date (YTD) performance is 21.44%.
On June 17, 2014, Newman Ferrara LLP is investigating potential claims against the Board of Directors of Fusion-IO, Inc. (NYSE:FIO), concerning the proposed sale of Fusion-io to SanDisk Corporation . Fusion-IO, Inc. (NYSE:FIO), ended the last trading day at $11.69. Company weekly volatility is calculated as 1.27% and price to cash ratio as 5.61. Fusion-IO, Inc. (NYSE:FIO), showed a positive weekly performance of 25.97%.
On June 17, 2014, Harwood Feffer LLP ( www.hfesq.com ) is investigating potential claims against the board of directors of OpenTable Inc (NASDAQ:OPEN), concerning the proposed acquisition of the Company by The Priceline Group Inc. (“Priceline”). OpenTable Inc (NASDAQ:OPEN), net profit margin is 11.40% and weekly performance is 0.18%. On last trading day company shares ended up $104.67. Analysts mean target price for the company is $82.93. OpenTable Inc (NASDAQ:OPEN), distance from 50-day simple moving average (SMA50) is 44.75%.