Canadian Solar Inc. (NASDAQ:CSIQ) up by 10.73%, Leap Wireless International Inc. (NASDAQ:LEAP)

Posted by Beth Hart May 20, 2013 0 Comment 1264 views


Canadian Solar Inc. (NASDAQ:CSIQ) went up by 10.73% to close at $7.84 on Friday up by $0.76. On Friday the stock opened at $7.10, traded between $7.00 and $8.04, with a volume of about 2.93 million, this compares to the 90 day average volume of 980.04K the relative volume of the share is 2.99. The company had a net profit margin and operating profit margin of -35.29% and -31.03% respectively in the fourth quarter of 2012. The net profit margin and operating profit margin for the full year 2012 was -14.92% and -11.01% respectively. The return on average assets and return on average equity were -18.24% and -109.04% respectively during the fourth quarter of 2012. While the return on average assets and return on average equity for the full year was -9.33% and -48.75% respectively. Looking at these we can sense that the company has uncomfortable ratios and has indecent profitability. The stock experienced a volatility of 10.35% in the last week when during the same week it yielded 16.32%. The performance of the stock over a period of one month is 105.24%.

The company on May 13 announced that it had completed 2 1-megawatt AC solar power projects in Sterling, Massachusetts

Leap Wireless International Inc. (NASDAQ:LEAP) went down by 3.77% to close at $5.87 on Friday down by $0.23. On Friday the stock opened at $5.92, traded between $5.80 and $6.00, with a volume of about 1.19 million, this compares to the 90 day average volume of 1.44 million the relative volume of the share is 0.83. The company had a net profit margin and operating profit margin of -13.88% and -3.72% respectively in the first quarter of 2013. The net profit margin and operating profit margin for the full year 2012 was -5.96% and 4.43% respectively. The return on average assets and return on average equity were -8.97% and -117.95% respectively during the first quarter of 2013. While the return on average assets and return on average equity for the full year was -3.70% and -36.18% respectively. Looking at these we can sense that the company has uncomfortable ratios and has indecent profitability. The stock experienced a volatility of 2.10% in the last week when during the same week it yielded -4.86%. The performance of the stock over a period of one month is 5.39%.

Barclays initiated coverage on the stock and rated the stock as “Underweight”. Leap Wireless granted an inducement awards to its 3 new employees.


About Beth Hart

Beth is from New York. She has two master’s degrees and served as a lecturer in B-School. Her master’s degree is an MBA in Global Management from the University of Phoenix (2010). She has worked for small businesses, public agencies, and large corporations. She does write articles as a freelancer.

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