Energy stocks got a lift Tuesday from the traditional and substitute sides of the market. First Solar shares advanced as much as 2% at the open following the sun power company unveiled plans to close several of its manufacturing plants and cut its international workforce by 30%.
Other Technology stocks with bullish trend include Sprint Nextel Corporation (NYSE:S) up 1.39% to $2.55, Apple Inc. (NASDAQ:AAPL) up 2.13% to $592.52 and Intel Corporation (NASDAQ:INTC) up 0.55% to $28.56, whereas with bearish trend include Nokia Corporation (ADR) (NYSE:NOK) down -0.61% to $4.07, Research In Motion Limited (USA) (NASDAQ:RIMM) down -0.60% to $13.34 and Zynga Inc (NASDAQ:ZNGA) down -2.24% to $10.70.
In the meantime, crude-oil prices increased again, with the May futures contract added $1.66 to $104.59 per barrel in New York.
The move helped boost the NYSE Arca Oil Index (INDEXNYSEGIS:XOI), with refiner Valero Energy Corporation (NYSE:VLO) topping the list percentage gainers in the sector on a 3.55% gain to $24.19 a share. HollyFrontier Corp (NYSE:HFC) and Marathon Oil Corporation (NYSE:MRO) both rose above 1.50%.
First Solar, Inc. (NASDAQ:FSLR) stock in current session held volume of 3.63 million shares as compare to its average volume of 6.43 million shares. The stock after opening at $21.63 hit high price of $21.75 and then currently trading at $21.59 by scoring +3.89% at 10:40AM EDT.
As the revenue measures FSLR generated revenue of 2.77 billion in the following twelve months income of -$39.49 million. The Company showed a negative -1.43% in the net profit margin and in declining to in its operating margin which remained -2.48%. Company’s annual sales growth for the past five year was 82.95%.
The stock showed weekly upbeat performance of 3.12% which was maintained for the month at -25.22%. Likewise the negative performance for the quarter was recorded as -47.85% and for the year was -85.22% while the YTD performance remained at -38.33%.
The FSLR past twelve months price to sales ratio was 0.65 and price to cash ratio remained 2.69. As far as the returns are concern, the FSLR return on equity was recorded as -1.11% and increased -0.91% return on investment while its return on asset stayed at -0.78%.
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