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Nov 10, 2017 8:58 AM ET

Pre-Market Technical Pulse on Semiconductor Stocks — SolarEdge Technologies, SunPower, Ultra Clean, and JinkoSolar

Disclosure NewswireTM

iCrowdNewswire - Nov 10, 2017



If you want a Stock Review on SEDG, SPWR, UCTT, or JKS then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. This morning’s attention is on the Semiconductor industry, which is highly cyclical. Companies in this space face constant booms and busts in demand for products. When times are good, companies cannot produce microchips quickly enough to meet demand. When times are tough, they can be downright brutal. Today, DailyStockTracker.com takes a closer look at four Semiconductor Specialized equities, particularly: SolarEdge Technologies Inc. (NASDAQ: SEDG), SunPower Corp. (NASDAQ: SPWR), Ultra Clean Holdings Inc. (NASDAQ: UCTT), and JinkoSolar Holding Co. Ltd (NYSE: JKS). Sign up now on DailyStockTracker.com and download our free research reports on these featured stocks at: http://dailystocktracker.com/register/

SolarEdge Technologies

Herzliya, Israel headquartered SolarEdge Technologies Inc.’s stock finished Wednesday’s session 0.15% higher at $32.50. A total volume of 1.44 million shares was traded, which was above their three months average volume of 816,400 shares. The Company’s shares have advanced 11.49% in the past month, 20.59% in the previous three months, and 162.10% since the start of this year. The stock is trading 12.31% above its 50-day moving average and 54.99% above its 200-day moving average. Additionally, shares of SolarEdge Technologies, which together with its subsidiaries, designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations in IsraelEurope, the US, and internationally, have a Relative Strength Index (RSI) of 62.64. SEDG complete research report is just a click away at: http://dailystocktracker.com/registration/?symbol=SEDG


On Wednesday, shares in San Jose, California headquartered SunPower Corp. recorded a trading volume of 2.70 million shares. The stock ended the session 1.51% higher at $8.72. The Company’s shares have advanced 26.38% in the last one month and 31.92% on an YTD basis. The stock is trading 13.43% above its 50-day moving average and 9.99% above its 200-day moving average. Moreover, shares of SunPower, which researches, develops, manufactures, and delivers solar solutions worldwide, have an RSI of 71.15.

On October 18th, 2017, SunPower announced that it will supply 291 megawatts of its high-efficiency solar panels to projects awarded in the second round of France’s CRE tender process, which includes ground mount, carport, and rooftop projects in continental France and storage and self-consumption in the country’s ZNI (non-interconnected zones). The Company’s direct current E-Series solar panels, as well as its X-Series solar panels, are Cradle to Cradle Certified™ Silver. The complimentary report on SPWR can be downloaded at: http://dailystocktracker.com/registration/?symbol=SPWR

Ultra Clean Holdings

Hayward, California headquartered Ultra Clean Holdings Inc.’s shares closed the day 0.25% higher at $24.06. The stock recorded a trading volume of 1.02 million shares. The Company’s shares have gained 15.29% over the previous three months and 148.04% on an YTD basis. The stock is trading 14.33% above its 200-day moving average. Additionally, shares of Ultra Clean, which designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor capital equipment and equipment industry segments primarily in North AmericaAsia, and Europe, have an RSI of 35.18.  

On October 25th, 2017, Ultra Clean reported its financial results for Q3 ended September 29th, 2017. Total revenue for Q3 2017 was $242.6 million; gross margin was 17.6%; and net income was $19.7 million. Cash and cash equivalents were $65.9 million for the quarter and outstanding debt was $57.3 million.

On October 26th, 2017, research firm Needham reiterated its ‘Buy’ rating on the Company’s stock with a decrease of the target price from $36 a share to $34 a share. Sign up for your complimentary report on UCTT at: http://dailystocktracker.com/registration/?symbol=UCTT

JinkoSolar Holding

Shares in Shangrao, China-based JinkoSolar Holding Co. Ltd finished 0.66% lower at $26.92. The stock recorded a trading volume of 290,590 shares. The Company’s shares have advanced 17.20% in the last one month, 0.11% in the previous three months, and 76.76% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.66% and 28.33%, respectively. Furthermore, shares of JinkoSolar, which together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in China and internationally, have an RSI of 58.13.  

On October 12th, 2017, JinkoSolar announced that it will hold its 2017 annual general meeting on November 15th, 2017, at 10:00 a.m. Beijing Time at 9F, Jinko Building, 99 Shouyang Road, Jingan District, Shanghai, China. Only shareholders of record at the close of business on October 13th, 2017, New York Time are entitled to receive notice of and to vote at the annual general meeting or any adjournment or postponement thereof. Download the research report for free on JKS at: http://dailystocktracker.com/registration/?symbol=JKS

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Email: [email protected]
Phone number: (207) 331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa

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