Pulse Electronics Corporation (NYSE:PULS) a leading provider of electronic components, launches a new planar platform which increases throughput power for Pulse’s planar SMT transformers by 50% over transformers of comparable size to deliver up to 800 watts of power capability. These transformers are used for isolation and voltage conversion for switched mode power supplies in datacom and intermediate bus converter applications. Pulse Electronics Corp (NYSE:PULS) net profit margin is -7.60% and weekly performance is -7.14%. On last trading day company shares ended up $2.86. Pulse Electronics Corp (NYSE:PULS) distance from 50-day simple moving average (SMA50) is -18.83%.
Intevac, Inc. (NASDAQ:IVAC) announced it has reached a settlement agreement with Voce Capital Management LLC and its affiliates (together with VCP, “Voce Capital”), a stockholder who had nominated three directors for election to Intevac’s Board of Directors. Under the agreement, Intevac has appointed Marc T. Giles to the Board effective immediately, and Mr. Giles will be included in Intevac’s slate of director nominees for election at the 2014 Annual Meeting of Stockholders. With the addition of Mr. Giles, the Board has been expanded to nine directors, seven of whom are independent. Intevac, Inc. (NASDAQ:IVAC) shares advanced 5.86% in last trading session and ended the day on $7.59. Gross Margin is 31.50% and its return on assets is -9.80%. Intevac, Inc. (NASDAQ:IVAC) quarterly performance is -1.56%.
Bel Fuse, Inc. (NASDAQ:BELFB) announced that it has entered into a definitive agreement to acquire the Emerson Network Power Connectivity Solutions (ECS) business of Emerson Inc. (EMR). Bel will pay approximately $98 million in cash to acquire the ECS business, which had 2013 revenue of approximately $83 million. The acquisition, which is subject to regulatory clearance and other customary closing conditions, is expected to close in the second quarter of 2014 and to be immediately accretive to Bel’s earnings. Bel Fuse, Inc. (NASDAQ:BELFB) shares moved up 10.06% in last trading session and was closed at $23.20, while trading in range of $21.10 – $23.27. Bel Fuse, Inc. (NASDAQ:BELFB) year to date (YTD) performance is 9.54%.
American Superconductor Corporation (NASDAQ:AMSC) a global solutions provider serving wind and power grid industry leaders, announced that it has successfully installed and commissioned three D-VAR(R) STATCOM systems in Africa and the United States. The new installations are connecting renewable power plants to the grid and ensuring power quality at industrial sites. Additionally, AMSC announced that it has won four new D-VAR contracts in Australia, North America, and South Africa. For all of these new contracts, the D-VAR system will be used to meet grid interconnection standards and safely and efficiently connect wind and solar energy generation plants to the power grid. American Superconductor Corporation (NASDAQ:AMSC) ended the last trading day at $1.50. Company weekly volatility is calculated as 7.32% and price to cash ratio as 2.89. American Superconductor Corporation (NASDAQ:AMSC) showed a positive weekly performance of 6.38%.
Neonode Inc. (NASDAQ:NEON) the optical touch technology company, announced the closing of a previously-announced private placement of common stock for $10 million in gross proceeds. Under the terms of the private placement, Neonode issued to an institutional investor 2,500,000 shares of common stock at a price of $4.00 per share and a warrant to purchase an additional 2,500,000 shares of common stock at an exercise price of $5.09. The warrant is exercisable for 18 months. If the warrant for 2,500,000 shares of common stock at an exercise price of $5.09 is fully exercised for cash, Neonode will receive an additional $12.7 million in gross proceeds. Neonode, Inc (NASDAQ:NEON) weekly performance is -1.01%. On last trading day company shares ended up $3.91. Analysts mean target price for the company is $11.08. Neonode, Inc (NASDAQ:NEON) distance from 50-day simple moving average (SMA50) is -29.73%.