On 29 MAY Canadian Solar Inc. (NASDAQ:CSIQ) announced that it has entered into a joint venture (JV) with GCL-Poly Solar System Integration Co., Ltd., a unit of GCL-Poly Energy Holdings Limited for building a manufacturing site in Funing, Jiangsu Province, China. Canadian Solar Inc. (NASDAQ:CSIQ) net profit margin is 2.10% and weekly performance is 5.06%. On last trading day company shares ended up $25.75. Analysts mean target price for the company is $42.29. Canadian Solar Inc. (NASDAQ:CSIQ) distance from 50-day simple moving average (SMA50) is -8.87%.
On 8 MAY JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) announced its unaudited financial results for its first quarter ended March 31, 2014. Net revenue was RMB 2.3 billion ($366.0 million), an increase of 5.2% from the fourth quarter of 2013 and an increase of 35.7% from the first quarter of 2013. Gross margin was 16.7%, compared with 15.5%in the fourth quarter of 2013 and 6.0% in the first quarter of 2013. Net income was RMB 85.0 million ($13.7 million), compared with a net income of RMB 139.5 million ($22.4 million) in the fourth quarter of 2013. Earnings per diluted ADS were RMB 1.41 ($0.23), compared with a profit per diluted ADS of RMB 1.92 ($0.31) in the fourth quarter of 2013. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) shares fell -5.87% in last trading session and ended the day on $9.95. JASO Gross Margin is 10.60% and its return on assets is -6.70%. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) quarterly performance is -3.02%.
DARA Biosciences Inc (NASDAQ:DARA) announced the pricing of a public offering and the entry into definitive agreements with investors which included certain officers and directors of the Company for the sale of securities with gross proceeds to the Company of approximately $12.5 million. DARA Biosciences Inc (NASDAQ:DARA) shares moved down -25.62% in last trading session and was closed at $1.19, while trading in range of $1.13 – $1.26. DARA Biosciences Inc (NASDAQ:DARA) year to date (YTD) performance is -55.93%.
XG Technology Inc (NASDAQ:XGTI) revealed that it has been awarded a new patent in the category of interference mitigation techniques. This is a second grant in a row. The newly awarded patent to the company facilitates mitigation of burst interferences on devices that operate on unlicensed bands. The new patent operates on individual OFDM symbols that help in reducing efficiently the interference problems in wireless network transmissions. XG Technology Inc (NASDAQ:XGTI) ended the last trading day at $1.93. Company weekly volatility is calculated as 21.82%. XG Technology Inc (NASDAQ:XGTI) showed a positive weekly performance of 24.52%
On 23 MAY Alliance Fiber Optic Products Inc (NASDAQ:AFOP) reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $24.88 million for the quarter, compared to the consensus estimate of $23.65 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 104.8% on a year-over-year basis. Analysts expect that Alliance Fiber Optic Products will post $1.32 EPS for the current fiscal year. Alliance Fiber Optic Products Inc (NASDAQ:AFOP) net profit margin is 24.80% and weekly performance is -1.70%. On last trading day company shares ended up $20.28. Analysts mean target price for the company is $22.50. Alliance Fiber Optic Products Inc (NASDAQ:AFOP) distance from 50-day simple moving average (SMA50) is 14.78%.