Hot Alert : Tesla Motors Inc (NASDAQ:TSLA), JA Solar (NASDAQ:JASO), USA Truck (NASDAQ:USAK), The Pantry (NASDAQ:PTRY), Layne Christensen Company (NASDAQ:LAYN)

Technology Stocks News 13

Earlier this year, Tesla Motors Inc. (NASDAQ:TSLA) announced it is planning to build what it called a “Gigafactory” to ramp up the speed and quantity of its lithium-ion battery production. Should the company’s estimates prove correct, the new production facility will essentially double the world’s lithium-ion battery production in the next three years. The project’s price tag? Between $4-billion and $5-billion – a dollar amount that, given its multiplier effect, can have a staggering impact on a state’s economy. Tesla Motors Inc (NASDAQ:TSLA) belongs to Consumer Goods sector. Its net profit margin is -6.80% and weekly performance is -1.77%. On last trading day company shares ended up $255.71. Tesla Motors Inc (NASDAQ:TSLA) distance from 50-day simple moving average (SMA50) is 10.51%.

JA Solar Holdings Co., Ltd. (NASDAQ:JASO) (“JA Solar” or the “Company”), one of the world’s largest manufacturers of high-performance solar power products, today announced its unaudited financial results for its second quarter ended June 30, 2014. Total shipments were 681.8 megawatts (“MW”), increases of +47.0% y/y and +6.8% sequentially. Shipments of modules and module tolling were 445.8 MW, increases of +75.6% y/y and +14.9% sequentially. Shipments of cells and cell tolling were 236.0 MW, increases of +12.5% y/y and decreases of 5.7% sequentially. Net revenue was RMB 2.4 billion ($390.5 million), an increase of +52.9% y/y and +6.5% sequentially. Gross margin was 15.2%, an increase of 710 basis points y/y but a decrease of 150 basis points sequentially. Operating profit was RMB 89.7 million ($14.5 million), compared to an operating loss of RMB 33.3 million ($5.4 million) in the second quarter of 2013, and an operating profit of RMB 160.9 million ($25.9 million) in the first quarter of 2014. Net income was RMB 40.1 million ($6.5 million), compared to a net loss of RMB 132.4 million ($21.3 million) in the second quarter of 2013, and a net income of RMB 85.0 million ($13.7 million) in the first quarter of 2014. JA Solar Holdings Co., Ltd. (NASDAQ:JASO) shares moved down -6.31% in last trading session and ended the day at $9.36. JASO Gross Margin is 12.30% and its return on assets is -1.00%. JA Solar Holdings Co., Ltd. (NASDAQ:JASO) quarterly performance is -4.00%.

USA Truck (NASDAQ:USAK) CFO Clifton R. Beckham sold 5,259 shares of USA Truck stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $18.10, for a total transaction of $95,187.90. Following the sale, the chief financial officer now directly owns 34,853 shares in the company, valued at approximately $630,839.On 20 August, USA Truck Inc. (NASDAQ:USAK) shares moved down -2.66% and was closed at $17.94. USAK EPS growth in last 5 year was -37.10%. USA Truck Inc. (NASDAQ:USAK) year to date (YTD) performance is 34.08%.

The Pantry (NASDAQ:PTRY) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Monday. The firm currently has a $19.30 price target on the stock. Zacks‘s target price would suggest a potential upside of 4.83% from the stock’s previous close. The Pantry, Inc. (NASDAQ:PTRY) ended the last trading day at $20.59. Company weekly volatility is calculated as 2.74%and price to cash ratio as 9.65. The Pantry, Inc. (NASDAQ:PTRY) showed a weekly performance of 1.38%.

Layne Christensen Company (NASDAQ:LAYN) (“Layne” or the “Company”) announced on 15 Aug 2014 that the United States Department of Justice (“DOJ”) has decided to not file any charges against the Company in connection with the previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act (“FCPA”).  The DOJ has notified Layne that it considers the matter closed. Layne Christensen Company (NASDAQ:LAYN) shares moved down -1.62% in last trading session and ended the day on $10.94. LAYN Gross Margin is 17.00% and its return on assets is -19.60%. Layne Christensen Company (NASDAQ:LAYN) quarterly performance is -25.88%.

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