Shares of First Solar, Inc. (FSLR) are up 2 percent on Monday morning, after the photovoltaic solar systems provider announced a world record for cadmium-telluride photovoltaic module conversion efficiency, achieving 18.6 percent aperture efficiency for an advanced full size module.
First Solar said that for the first time ever it has demonstrated a record module that is more efficient than the best multi-crystalline module recorded.
The record has been measured and certified by the U.S. Department of Energy’s National Renewable Energy Laboratory.
Shares of Apple Inc. (AAPL) were down marginally in pre-market hours on news the tech giant will have to pay music rights owners 70% of revenue it receives from its new music streaming service.
According to Re/Code, “Apple will pay music owners 71.5 percent of Apple Music’s subscription revenue. Outside the U.S., the number will fluctuate, but will average around 73 percent”. The publication said that those totals “include payments to the people who own the sound recordings Apple Music will play, as well as the people who own the publishing rights to songs’ underlying compositions.”
iDreamSky Technology (DSKY) is plunging 11 percent to $12.98 following an announcement from the company’s Chairman and CEO offering to take the firm private for $3.50 in cash per Class A or Class B ordinary share, or $14.00 in cash per ADS.
Second Sight Medical Products, Inc. (EYES) is a big mover this session, as its shares are up nearly 9%. The move comes on a big volume too with the issue currently trading more than 800K shares, compared to the average volume of 657K shares. Not seeing any news or rumors to account for the move.
Second Sight Medical Products is a Sylmar, Calif.-based manufacturer of implantable prosthetic devices to restore functional vision to blind patients in the US, Canada, Europe, and Saudi Arabia. Its stock has a 52-week trading range of $8.05 to $24.02. Ticker is currently trading at $15.33.