News / Finance
Small Cap Tech Stocks (JA Solar Holdings, MSCC, SPWRA, QTM)
Small Cap Tech Stocks
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) fell
5.50% to $8.21 despite the stock was upgraded by Canaccord Genuity to Buy from
Hold and also upped the price target by $4 to $11.
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So far this year, the stock has soared over 42% and
28% in the past one month. The stock has a 52-week range of $3.57-$9.47.
SunPower Corporation (NASDAQ:SPWRA) fell 4.13% to
$13.48 after the stock was downgraded Canaccord Genuity from Hold to Sell and lowered the price target from $30
to $11.
SunPower Corporation (SunPower) is a vertically
integrated solar products and services company that designs, manufactures and
markets high-performance solar electric power technologies.
Microsemi Corporation (NASDAQ:MSCC) gained 6.95% to
$18.30 and made a new 52-week high of $18.86 after Microsemi Corp has agreed to
purchase Actel Corp for around $430 million. The Company is acquiring Actel to
gain a strong foothold in the defense and aerospace market.
Microsemi Corporation is a designer, manufacturer
and marketer of analog and mixed-signal integrated circuits and semiconductors.
The Company operates in one segment, which is the manufacturer of
semiconductors in different geographic areas.
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Quantum Corporation (NYSE:QTM) slid 7.20% to $1.94
after rising over 15% in the past one week.
It announced that the A-17D well in its Albacora
field located offshore northwest Peru has been deemed a dry hole. The Company
has decided to suspend drilling operations until its planned 3D seismic
acquisition program, originally started in 2009, is completed.
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