Tech gainers: YY Inc (ADR) (NASDAQ:YY), Iridium Communications Inc. (NASDAQ:IRDM), ReneSola Ltd. (ADR) (NYSE:SOL), Trina Solar Limited (ADR) (NYSE:TSL)

Technology Stocks News 13

YY Inc (ADR) (NASDAQ:YY) is a renowned social platform company based in China that helps its users connect and communicate by the virtue of the text, voice or video. The Cofounder and CEO, David Xueling Li, announced the economic statistics at the end of the first quarter on May 5, 2014.The facts and figures depicted by the Q1-2014 report portrayed that the YY has out-performed, par excellence! The total revenue garnered is $107.2 million that is 111.6% more than the past year. Net income too was up in Q1 by almost 187%, close to RMB183.6 million! At the end of Q12013, YY had registered a net income of RMB63.9 million; incidentally within a year’s time, income has increased rampantly and almost three-folds. YY Inc (ADR) (NASDAQ:YY) stock performance was 7.23% in last session and finished the day at $56.67. Traded volume was 3,131,300 shares in the last session and the average volume of the stock remained 2.70 million shares. YY Inc (ADR) (NASDAQ:YY) insider ownership is 39.51%.

Iridium Communications Inc. (NASDAQ: IRDM) said it has priced its offering of 7,377,050 shares of its common stock at a price to the public of USD6.10 per share and 500,000 shares of its new 6.75 percent series B cumulative perpetual convertible preferred stock at a price to the public of USD250 per share. The gross proceeds to Iridium from the offerings are expected to be approximately USD170m, before deducting underwriting discounts and commissions, and other estimated offering expenses payable by Iridium. Both offerings are expected to close on or about May 14, 2014. In connection with the common stock offering, Iridium also granted to the underwriters a 30-day option to purchase up to 1,106,558 additional shares of common stock at the public offering price to cover over-allotments, if any. Iridium Communications Inc. (NASDAQ:IRDM) rose 9.69% to $7.47 yesterday on volume of 3,916,500 shares. The intra-day range of the stock was $6.95 – 7.62. Iridium Communications Inc. (NASDAQ:IRDM) has a market capitalization of $573.98 million.

ReneSola Ltd. (ADR) (NYSE:SOL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, American Banking and Market News reports. The firm currently has a $3.25 price objective on the stock. Zacks‘s price target would suggest a potential upside of 27.95% from the stock’s previous close. ReneSola Ltd. a leading brand and technology provider of solar photovoltaic (“PV”) products, on May 06, 2014 also announced it has been contracted to provide 1.6MW in solar modules and 1MW in mounting systems to Consolidated Energy & Economic Engineering Co. (“Consolidated Energy”) to power a series of residential and commercial rooftop projects in Jordan.ReneSola Ltd. (ADR) (NYSE:SOL)’s stock on May 12, 2014 reported an increase 6.69% to the closing price of $2.71. Its fifty two weeks range is $1.74 – 6.00. The total market capitalization recorded $234.11 million. The overall volume in the last trading session was 1,833,827 shares. In its share capital, ReneSola Ltd. (ADR) (NYSE:SOL) has 101.69 million outstanding shares.

Trina Solar Limited (ADR) (NYSE:TSL), a global leader in photovoltaic (“PV”) modules, solutions, and services, today announced it will host a conference call on Wednesday, May 21, 2014 at 8:00 a.m. U.S. Eastern Standard Time (8:00 p.m.Beijing / Hong Kong, March 21, 2014), to discuss results for the first quarter 2014. Joining Jifan Gao, Chairman and CEO of Trina Solar, on the call will be Teresa Tan, Chief Financial Officer, Zhiguo Zhu, Module Business Unit President, and Yvonne Young, Investor Relations Director. The Company plans to distribute its earnings announcement before the call. On Friday, shares of Trina Solar Limited (ADR) (NYSE:TSL) advanced 7.49% to close the day at $11.63. Company return on investment (ROI) is -1.40% and its monthly performance is recorded as -3.24%.Trina Solar Limited (ADR) (NYSE:TSL) quarterly revenue growth is -22.36%.

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