Small cap
stocks making big moves on Tuesday, November 18, 2014 (as of 4 pm EST), as
reported by Hassan Malik, SmallCapPower.com
TerraForm Power, Inc. (NASDAQ: TERP)
shares shot up 27% to $32.75 after it and its parent company SunEdison (NYSE: SUNE),
which builds residential and utility-scale solar-power arrays, said the two companies
will buy Boston-based First Wind, a wind-power company, for $2.4 billion. The
deal is expected to close in the first quarter of 2015.
As well,
shares of Can-Fite BioPharma Ltd. (NYSE: CANF)
surged 24% to $3 after the biotechnology company announced several upcoming
near-term milestones on its CF101 and CF102 indications for liver cancer,
rheumatoid arthritis, psoriasis, glaucoma and the development of a commercial
biomarker blood test kit for the A3 adenosine receptor (A3AR). The company
believes that it is on the verge of discovering intuitive medical breakthroughs
with respect to its studies. The company also put forward a detailed key
milestone timeline for 2015.
Trio-Tech International (NYSE MKT: TRT)
stock, meanwhile, sank 13% to $3.05 after the semiconductor testing services
firm reported disappointing results for its first quarter of fiscal 2015. For
the three months ended September 30, 2014, revenue decreased to $8,093,000
compared to revenue of $9,497,000 for the same period last year.
