Technology Stocks Mixed Amid Solar Sector Boost

Strategic Insights -

Technology stocks are exhibiting mixed behavior, with some major names like MSFT, AAPL, and IBM trading slightly lower, while others like CSCO and GOOG are seeing slight gains. The S&P Technology Index is down less than 0.1% this afternoon. Notable movements in the solar sector are driving these trends, with SunPower Corporation (SPWR) leading the charge after analysts upgraded the stock to Buy with an $11 price target.

Key Takeaways:

  • Top technology stocks are experiencing mixed performance, with MSFT, AAPL, and IBM down 1.1%, 0.3%, and 0.2% respectively, while CSCO and GOOG are up 0.6%.
  • The S&P Technology Index is down less than 0.1% this afternoon.
  • SunPower Corporation (SPWR) is up 40% after analysts upgraded the stock to Buy with an $11 price target.
  • Other solar-tech stocks, including DayStar Technologies (DSTI), Hanwha SolarOne Co. Ltd (HSOL), JA Solar Holdings Co. (JASO), LDK Solar Co. Ltd (LDK), ReneSola Ltd. (SOL), Suntech Power Holdings Co. (STP), Trina Solar Ltd (TSL), and Yingli Green Energy Holding Co (YGE), are also seeing gains.
  • Comtex SmarTrend, an automated pattern recognition system, indicated downtrends for CSCO, JASO, and LDK on 04-24-2012, 04-02-2012, and 03-07-2012 respectively.

Statistics:

  • MSFT is trading 1.1% lower, just $1 above 52-week lows.
  • AAPL is down 0.3%.
  • IBM is down 0.2%.
  • GOOG is up 0.6%.
  • SPWR is up 40% after analysts upgraded the stock to Buy with an $11 price target.
  • The S&P Technology Index is down less than 0.1% this afternoon.
  • CSCO was at $19.60 on 04-24-2012.
  • JASO was at $1.49 on 04-02-2012.
  • LDK was at $4.99 on 03-07-2012.

Sources:

  • MidnightTrader
  • COMTEX
  • Comtex SmarTrend
  • SunPower Corporation (SPWR)
  • Lazard
  • Berkshire Hathaway (BRK.A)
  • DayStar Technologies (DSTI)
  • Hanwha SolarOne Co. Ltd (HSOL)
  • JA Solar Holdings Co. (JASO)
  • LDK Solar Co. Ltd (LDK)
  • ReneSola Ltd. (SOL)
  • Suntech Power Holdings Co. (STP)
  • Trina Solar Ltd (TSL)
  • Yingli Green Energy Holding Co (YGE)
  • Comtex News Network, Inc.