Recommended Mix Momentum Stocks: Canadian Solar (NASDAQ:CSIQ), Nimble Storage (NYSE:NMBL)

Canadian Solar Inc. (NASDAQ:CSIQ) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.33% to close at $13.63 with the total traded volume of 82883 shares. Canadian Solar Inc. (CSIQ) declared that it has secured Power Purchase Contracts for an aggregate 80 MWac of solar power projects with the Solar Energy Corporation of India, a public sector undertaking of the Government of India.

Canadian Solar was awarded these projects under a 450 MWac solar capacity tender in the state of Maharashtra, through a competitive auction process. These projects are slated to commence operations by late 2017 and will generate clean solar electricity for SECI over the next 25 years.”We are pleased to secure our first 80 MWac of solar power projects with SECI, a bankable and reputable off-taker operating under the Government of India. This investment adds to our India pipeline that stands at 110 MWac and represents a important milestone for Canadian Solar in one of world’s fastest growing renewables markets,” commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. The firm has institutional ownership of 43.70%, while insider ownership included 31.00%. Its price to sales ratio ended at 0.23. CSIQ attains analyst recommendation of 3.00 with week’s performance of 1.49%.

Nimble Storage, Inc. (NYSE:NMBL) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.08% to $12.55. The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Nimble Storage, Inc. (NMBL) relating to the proposed buyout of Nimble Storage by Hewlett Packard Enterprise.Under the terms of the contract, Nimble Storage shareholders are anticipated to receive $12.50 in cash for each share of Nimble Storage common stock held.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock. The share price of NMBL attracts active investors, as stock price of week volatility recorded 0.43%. The stock is going forward to its 52-week low with 103.07% and lagging behind from its 52-week high price with -0.24%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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