Buzzing Stocks: Tesla Motors Inc. (NASDAQ:TSLA), Alibaba Group Holding Ltd (NYSE:BABA) And LinkedIn Corp (NYSE:LNKD)
Dallas, Texas, 09/29/2014 (ustrademedia) – Tesla Motors Inc. (NASDAQ:TSLA) in a press release on Friday announced the award of a new contract for the supply of solar PV to Turkey and Ecuador. TSL in the announcement reported that it would supply 1.7MW of modules for ground-mounted solar PV plants. It also provides sufficient demonstration of the company’s diversified capability in establishing these modules in different geographic locations.
LinkedIn Corp (NYSE:LNKD) the professional networking site, reported a strong performance at the stock market on Friday. LNKD after the upgrade by analyst Cowen reported strong gains, making up for the nearly 10% drop the company reported in September. Analyst Cowen had revised the price target as well to $253 over the previous $195. In the past year, the shares of this stock were bumpy with $230 high and low of $130s.
Alibaba Group Holding Ltd (NYSE:BABA) great start showed a slouch by the end of the week on Friday. Fresh after the IPO, BABA that is the largest of the e-commerce companies in China has reported a fall of 3.7% on the stock market closing the week at $90.46. This was after the 38% gains it reported on Sept19, when it debuted on the New York Stock Exchange. BABA reported record IPO of $25 billion, despite economic fundamentals of slump in the housing market and economic slowdown. Researchers and analysts predict that the BABA will feel the impact of the slowdown anytime in 2015.
