The LocateStock.com HIGH FIVE for Wednesday, September 26th are:
5 – Yingli Green Energy Holding – NYSE:YGE
4 – Vonage Holdings – NYSE:VG
3 – Superconductor Technology – NASDAQ:SCON
2 –
1 –
Yingli Green Energy Holding Company Limited, (NYSE:YGE) through its subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd., engages in the design, development, marketing, manufacturing, and installation and sale of photovoltaic products in the People's Republic of China and internationally. Its products include polysilicon ingots and wafers, photovoltaic cells and modules, and integrated photovoltaic systems.
* Solar stocks rose Monday, 9/24 after several companies reported contracts, products and supply agreements, helping allay concerns that a tight market for polysilicon will hurt results. Yingli Green Energy Holding was among the biggest gainers, with a rise of $2.45, or 10.5 percent, in morning trading. The company reported a supply agreement with
Vonage Holdings Corporation, (NYSE:VG) through its subsidiaries, provides broadband voice over Internet protocol services to residential, and small and home office customers primarily in the United States, Canada, and the United Kingdom. It provides broadband telephone services through various service plans, including call waiting, caller ID, and call forwarding.
* Internet telephone company Vonage Holdings Corp. was ordered in federal court Tuesday, 9/25 to pay Sprint Nextel $69.5 million in damages for infringing on six telecommunications patents owned by competitor Sprint Nextel Corp. In addition to the damages, jurors ordered Vonage to pay a 5 percent royalty on future revenues. Trading on Vonage stock was halted early Tuesday but resumed after news broke of the verdict. Shares fell 32 percent in afternoon trading to close 66 cents lower or 33.67 percent on the NYSE.
Superconductor Technologies, Inc. (NASDAQ:SCON) develops, manufactures, and markets infrastructure products for wireless voice and data applications in the
* Superconductor Technologies was among the biggest after-hours price-gainers Monday, 9/24 on word of a new collaboration. Shares of the communications equipment maker vaulted 19.4%, after it inked a term sheet to form a joint venture by year-end with Hunchun BaoLi Communication. The relationship would focus on getting Superconductor's SuperLink interference-elimination product into the Chinese market, with Superconductor slated to receive unspecified royalties and to hold a 45% stake in the proposed combination. Shares of the Santa Barbara, Calif.-based company added an additional $3.99 or 67.66 percent Tuesday.
China Precision Steel, Inc., (NASDAQ:CPSL) through its subsidiary, Shanghai Chengtong Precision Strip Co., Limited, operates as a precision steel processing company that engages in the production and sale of high precision cold-rolled steel products in the People's Republic of China. It produces thin cold-rolled precision steel strips ranging from 3.0 mm to 0.03 mm.
* U.S.-listed shares of overseas companies rose on Monday, 9/24 led by Asian companies after China's stock regulator approved a public offering by the country's largest oil and gas producer. China Precision Steel was among Monday’s movers rising 50.00 percent and an additional 31.94 percent or $2.53 on Tuesday.
China Finance Online Co. Limited, (NASDAQ:JRJC) through its subsidiaries, engages in selling online financial services analyzing financial and listed company information in the People's Republic of China. It offers subscription-based services based on a single information platform that integrates data and information from various sources with features and functions, such as data and information search, retrieval, delivery, storage, and analysis.
* Chinese market information provider China Finance Online raised its guidance for the quarter ended Sept. 30 on Tuesday, 9/25 due to stronger-than-expected growth in subscription services provided to retail clients. The Beijing-based company now expects third-quarter revenue between $7.1 million and $7.5 million, compared to previous guidance of $6.7 million to $7.1 million. China Finance Online also expects adjusted third-quarter earnings to be in the range of $2.6 million to $3 million. China Finance added 25% Wednesday, 16.3% Thursday, 5.1% on Friday, 12.91% Monday and an additional 12.54 percent Tuesday. JRJC shares gained $3.29 to close at $29.52 on Tuesday, 9/25.
The daily HIGH FIVE stocks are determined by the company’s proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest stocks to short that day.
LocateStock.com is the premier electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales. The Company recently launched LocateStock TV, a daily financial news show that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO.
For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, Inc.
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