Morning Buzz: JA Solar Holdings (JASO), Organovo Holdings (ONVO), SunEdison, Inc. (SUNE), Canadian Solar (CSIQ)

JA Solar Holdings Co., Ltd. (JASO) is seeing notable move off the open following earnings. The solar panel maker reported fiscal results for the third quarter ended Sept. 30 of $0.21 per share versus consensus estimate of $0.15. Revs came in at $492.2 million versus $425.25 million estimates, an increase of nearly 72% year-over-year. Operating profit was $30.9 million, compared to an operating loss of $5.2 million in Q3’13.

Total solar cell and module shipments rose to 785.4 megawatts in the 3Q, compared with the company’s forecast of 730-760 megawatts. The company shipped 681.8 MW in the 2Q.

Guidance: JA Solar sees Q4 total cell and module shipments to be in the range of 850 MW to 900 MW.

JASO shares recently gained $0.65, or 8.8%, to $8.48. In the past 52 weeks, shares of Shanghai, China-based firm have traded between a low of $6.70 and a high of $13.14. Shares are down 32.99% year-over-year and 14.94% year-to-date.

Organovo Holdings, Inc. (ONVO) is higher by approximately 10% this morning. The three-dimensional biology firm today announced the full commercial release of the exVive3DTM Human Liver Tissue for preclinical drug discovery testing.

On valuation measures, Organovo Holdings, Inc is currently valued at $494.29M. In the past 52 weeks, shares of San Diego, California-based company have traded between a low of $5.12 and a high of $12.40 with the 50-day MA and 200-day MA located at $6.29 and $7.08 levels, respectively. Additionally, shares of ONVO have a Relative Strength Index (RSI) and MACD indicator of 42.26 and -0.27, respectively.

ONVO currently prints a one year loss of about 50.88%, and a year-to-date loss of around 44.53%.

Shares of SunEdison, Inc. (SUNE) soared nearly 14% in pre-market trading on Monday after the company announced that together with TerraForm Power (TERP) have reached an agreement to acquire First Wind, one of the leading developers, owners and operators of wind projects in the U.S.

With the purchase, SunEdison becomes the leading global renewable energy development company. As a result, it raises its fiscal 2015 project installation guidance from 1.6-1.8 GW to 2.1-2.3 GW.

On valuation-measures, shares of SunEdison, Inc. have a P/E to growth ratio of 0.38, and t-12 profit margin of (50.50%). EPS registers at ($4.59). The company has a market cap of $4.50B and a median Wall Street price target of $28.00 with a high target of $35.00.

On trading-measure, SUNE has a beta of 4.95 and a short float of 30.09%. In the past 12 months, shares of St. Peters, Missouri-based company have traded between a low of $11.11 and a high of $24.35 with the 50-day MA and 200-day MA located at $17.90 and $20.09 levels, respectively.

SUNE recently traded at $18.93, up $2.31. The name currently prints a one year return of about 26.31%, and a year-to-date return of around 27.28%.

Canadian Solar Inc. (CSIQ) – The company today announced that its modules will power a series of projects in Georgia totaling 5.1 MW with provider SolAmerica Energy.

As the sole provider of photovoltaic modules for these projects, the company expects these projects to be completed in December of 2014.

Canadian Solar currently valued at $108.96M, has a median Wall Street price target of $45 with a high target of $56.

In the past 52 weeks, shares of St. Peters, Missouri-based company have traded between a low of $21.38 and a high of $44.50 with the 50-day MA and 200-day MA located at $30.31 and $29.96 levels, respectively. Additionally, shares of CSIQ trade at a P/E ratio of 0.66 and have a Relative Strength Index (RSI) and MACD indicator of 36.40 and -3.24, respectively.

Shares of Canadian Solar are trading up $0.36, or 1.31%, to $26.74 in early trade. The name currently prints a one year loss of about 17.36% and a year-to-date loss of around 11.57%.

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