US Stocks Mixed on News (ARQL, HEAT, APWR, HHGP)

ArQule, Inc. (NASDAQ:ARQL) added 85.43% to $6.49 on 2.91 million shares. The company announced that ARQ 197, when used in combination with erlotinib, demonstrated a 66% improvement in median Progression-Free Survival (PFS) in patients with advanced, refractory non-small cell lung cancer (NSCLC).

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SmartHeat Inc (NASDAQ:HEAT) plunges 13.66% to $10.81. SmartHeat announced today revenues of $82.56 million for fiscal year 2009, as compared to $32.68 million in 2008. Net income for 2009 was $15.44 million, up 144% as compared to $6.34 million in 2008.

A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR) falls 12.03% to $10.59. The company reported fourth-quarter net loss of $23.89 million or $0.69 per share, compared to net income of $10.02 million or $0.30 per share last year. Non-GAAP net income was $20.62 million or $0.61 per share, compared to $10.02 million or $0.30 per share in the same quarter a year earlier.

Hudson Highland Group, Inc. (NASDAQ:HHGP) lost 7.48% to $4.45. The company announced that it has commenced a public offering of 4,200,000 shares of common stock. The Company will grant the underwriter for the offering an option for 30 days to purchase up to 630,000 additional shares of common stock at the same price per share to cover any over allotments.

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