Unusual 11 Mid-Day Movers 06/26: (RPTP) (RSOL) (HNSN) Higher; (MG) (MEET) (CBMX) Lower
Raptor Pharmaceutical Corp. (Nasdaq: RPTP) 20.9% HIGHER; announced that the Office of Orphan Product Development at the Food and Drug Administration (FDA) granted Raptor orphan drug exclusivity for PROCYSBI™ (cysteamine bitartrate) delayed-release capsules for the management of nephropathic cystinosis patients age six and older. The exclusivity period began on the date of FDA approval, April 30, 2013, and lasts seven years subject to certain exceptions.
Real Goods Solar, Inc. (Nasdaq: RSOL) 18.8% HIGHER; has been selected by St. Albans Solar Partners, LLC, to deploy a new 2.2 megawatt solar farm in Saint Albans, the largest PV system in Vermont.
Hansen Medical (Nasdaq: HNSN) 14.4% HIGHER; Cowen started coverage on the stock with an Outperform rating and $3 price target.
Mistras Group, Inc. (NYSE: MG) 14.2% LOWER; said based upon preliminary results, Adjusted EBITDA* for its fiscal year ended May 31, 2013 is expected to be approximately $68 million, below prior guidance. The Company also expects fiscal 2013 revenues to be approximately $529 million, which is near the midpoint of its previously issued guidance range of $525 million to $535 million. This represents an increase of approximately 21% over fiscal 2012 revenues. Consistent with past practice, the Company expects to announce final results for fiscal 2013 on or about August 8, 2013.
Canadian Solar Inc. (Nasdaq: CSIQ) 13.6% HIGHER; Samsung Renewable Energy Inc. announced that it has reached a partnership agreement with Canadian Solar Inc. to open a new manufacturing facility in London, Ontario. This plant will bring 200 local manufacturing jobs to London by the end of 2013, as promised in the Green Energy Investment Agreement (GEIA) between Samsung and the Government of Ontario.
MeetMe, Inc. (AMEX: MEET) 13.2% LOWER; pulling back today after gaining Tuesday on an announcement that it is now expecting second quarter revenue of approximately $9.0 million, up approximately 15 percent on a sequential basis. The company previously indicated that it expected revenues to be flat on a sequential basis. Street consensus called for revs of $7.9 million.
YRC Worldwide Inc. (Nasdaq: YRCW) 13.6% HIGHER; YRC continuing higher today after Standpoint Research started coverage on the stock at Buy with a $50 price target on Tuesday.
Ballard Power Systems Inc. (Nasdaq: BLDP) 12.7% HIGHER; Ballard could be seeing additional upside today following President Obama's climate change address on Tuesday.
CombiMatrix Corporation (Nasdaq: CBMX) 12.2% LOWER; profit taking following a 47 percent jump Tuesday on news that its chromosomal microarray analysis (CMA) test for miscarriage analysis has received conditional approval from the New York State's Department of Health for testing on patient samples from the state.
NewLink Genetics Corporation (Nasdaq: NLNK) 12.0% LOWER; NewLink pulling back after hitting a new 52-week high of $23.67 on June 24th. Volume is about triple the daily average at 640,000 shares.
First Cash Financial Services (Nasdaq: FCFS) 11.2% LOWER; announced the acquisition of 19 large format U.S. pawn stores located in Texas. The acquired locations are in the Houston, Dallas and Fort Worth markets, operating primarily under the Valu + Pawn brand. Given the continued negative volatility in the price of gold and the Mexican peso, the Company is reducing the mid-point of its fiscal 2013 earnings guidance by approximately 10% from the current consensus forecast of $3.12 per share. The updated full-year guidance projects earnings per share to be in a range of $2.75 to $2.90, compared to previous guidance at the lower end of a range from $3.10 to $3.24. The Street is at EPS of $3.13.
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