Notable 52-Week High's and Low's of the Day 07/30: PWER, ARNA, SATC, TEN High; WFR, TNAV, BIOS, NVDA Low

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PWER Hot Sheet

Overall Analyst Rating:
NEUTRAL ( Down

This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today.

52-Week High:

Power-One, Inc. (Nasdaq: PWER) high of $12.64. Jumping over 22% today as the company decimated analysts with a Q2 EPS of $0.17, which was seven cents better than the analyst estimate of $0.10. Revenue for the quarter came in a $215 million, compared to the estimate of $185.72 million.
Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) high of $8.00. Above average trading today, ahead of an Endocrinologic and Metabolic Drugs Advisory Committee meeting on September 16, 2010, for the review of ARNA's lorcaserin New Drug Application, or NDA.
Satcon Technology Corporation (Nasdaq: SATC) high of $3.78. May actually be seeing a surge from competitor Power-One's earnings report.
Tenneco Inc. (NYSE: TEN) high of $28.98. Mass buying today, a day after the company reported their second quarter earnings, priced out $225 million in Senior Notes, and Fitch upgraded Tenneco's Issuer Default Rating from BB- to B+ (as well as several other debt offerings). Earnings were an adjusted EPS of $0.62, beating the analyst estimate of $0.44. Revs for the quarter were at $1.5 billion, compared to the consensus of $1.4 billion.

52-Week Low:

MEMC Electronic Materials, Inc. (NYSE: WFR) low of $9.19. Down as low as 18% today as the company reported a Q2 EPS of $0.06, which was three cents below the analyst estimate of $0.09. Revenue for the quarter was $448.3 million, compared to the estimate of $466.12 million. MEMIC also sees FY10 sales of $1.75 - $1.85 billion, versus $2.04 billion consensus. The stock was also downgraded at Wunderlich and Credit Agricole.
TeleNav, Inc. (Nasdaq: TNAV) low of $4.95. TeleNav lower today, as they reported a Q4 EPS of $0.24, three cents better than the analyst estimate of $0.21. Revs for the quarter were $49.5 million, which compares to the estimate of $49.75 million. TNAV sees Q111 sales of about $50 million and non-GAAP EPS of $0.23. The stock was also downgraded at Baird, JPMorgan and Deutsche Bank.
BioScrip (Nasdaq: BIOS) low of $4.40. BioScrip reported a Q2 EPS of $0.07, just shy of the $0.09 analyst estimate. Revenue for the quarter was $412.0 million, which compares to the estimate of $426.68 million. BIOS also sees FY10 revs at lower end of $1.67 - $1.72 billion guidance.
NVIDIA Corp. (Nasdaq: NVDA) low of $8.92. Notably hitting another 52-week low after showing up on the list yesterday. Shares are currently about 0.75% into positive territory. NVDA saw weakness early, continuing from yesterday's selloff following second quarter earnings and outlook, as well as downgrades at J.P. Morgan, FBR Capital, and UBS. Volume for the day is just about average. May see more activity at $9.70 to $9.90 level, depending on volume and volatility.