SolarCity Corporation (NASDAQ:SCTY) [Trend Analysis] surged reacts as active mover, shares an raise 0.79% to traded at $20.30 and the percentage gap among open changing to regular change was 0.10%. Tesla Motors Inc. (TSLA) reported that it aims to collaborate with Panasonic to make solar-energy components for SolarCity, bolstering Elon Musk’s final push to merge the automaker and solar firm.
Production of photovoltaic cells and modules for solar-energy systems used by SolarCity will start in 2017 at SolarCity’s factory in Buffalo, New York, Tesla stated in a statement late Sunday. The accord would be a win for Panasonic, which has shifted away from consumer electronics products to focus on housing, car information systems and car batteries. The firm’s current ratio calculated as 0.60 for the most recent quarter. The firm past twelve months price to sales ratio was 3.74 and price to cash ratio remained 13.82. As far as the returns are concern, the return on equity was recorded as -10.90% and return on investment was -17.40% while its return on asset stayed at -1.30%. The firm has total debt to equity ratio measured as 3.76.
American International Group, Inc. (NYSE:AIG) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.61% to close at $60.86 with the total traded volume of 230514 shares. American International Group, Inc. (AIG) reported on Tuesday that it has entered into several contracts with Fairfax Financial Holdings Limited, a property and casualty insurer and reinsurer. Under the accords, AIG will sell to Fairfax its local commercial and consumer insurance operations in Argentina, Chile, Colombia, Uruguay, Venezuela, and Turkey.
Fairfax will also takeover renewal rights for the portfolio of local business written by AIG’s Central and Eastern European operations in Bulgaria, Czech Republic, Hungary, Poland, Romania, and Slovakia, and assume AIG’s CEE operating assets and employees. The firm has institutional ownership of 86.90%, while insider ownership included 0.03%. Its price to sales ratio ended at 1.20. AIG attains analyst recommendation of 2.10 with week performance of 1.05%.