Unusual 11 Mid-Day Movers 8/17: (SKYS) (EARS) (MBII) Higher; (STEM) (ARCI) (CREE) Lower

August 17, 2016 12:51 PM EDT

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Sky Solar Holdings, Ltd. (Nasdaq: SKYS) 46.2% HIGHER; announced that the Company entered into a Letter of Intent with Solar Partnership Capital Ltd (“Solar Partnership” or “SPC”), a non-affiliate of the Company in certain Japanese projects, pursuant to which Solar Partnership confirmed its intention to acquire interests it currently does not own in 152 MW of solar projects from Sky Solar Japan K.K. (“SSJ”) and to take on certain specified liabilities associated with respect to those projects (the “Transaction Assets”) for a total purchase price of JPY17 billion (approximately $US165 million), subject to certain standard closing adjustments. All the other assets and liabilities of SSJ that do not constitute Transaction Assets will be transferred to a new entity.

StemCells (Nasdaq: STEM) 33.5% LOWER; STEM disclosed in an SEC filing on Tuesday night: "On August 16, 2016, StemCells, Inc., a Delaware corporation (the “Company”), announced that from the period beginning August 16, 2016 at 5:30 p.m. (Eastern Time) through Wednesday, August 17, 2016 at 4:01 p.m. (Eastern Time) (the “Exercise Period”) the Company will be accepting warrant exercises from the holders of its outstanding warrants to purchase common stock issued on April 29, 2015 (the “2015 Warrants”) at a reduced exercise price of $1.10 per share. Any exercises of the 2015 Warrants outside of the Exercise Period will continue to be honored at the $10.20 exercise price for the 2015 Warrants."

Auris Medical Holding AG (Nasdaq: EARS) 31.6% HIGHER; gaining ahead of Q2 results, which are expected to be reported on Thursday morning.

Marine Bio (Nasdaq: MBII) 30.6% HIGHER; reported Q2 revenue of $5.05 million and loss of $0.28 per share, from revenue of $3.36 million and loss of $0.45 per share posted in the same period last year.

Appliance Recycling Centers of America Inc. (Nasdaq: ARCI) 27.4% LOWER; repored Q2 results. Revenue was $24.76 million with a loss of $0.35 per share, from reveue of $30.2 million and EPS of $0.10 reported in the same period last year.

SCYNEXIS (Nasdaq: SCYX) 21.0% HIGHER; Guggenheim analyst, Louise Chen, initiated coverage on shares of SCYNEXIS with a Buy rating and a price target of $15.

MediWound Ltd (Nasdaq: MDWD) 17.6% HIGHER; Wells Fargo initiated coverage on MediWound Ltd with an Outperform rating and a price target of $13 - $15.

Urban Outfitters (Nasdaq: URBN) 16.8% HIGHER; reported Q2 EPS of $0.66, $0.10 better than the analyst estimate of $0.56. Revenue for the quarter came in at $890.6 million versus the consensus estimate of $886.84 million.

Cree (Nasdaq: CREE) 15.0% LOWER; reported Q4 EPS of $0.19, $0.01 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $388.4 million versus the consensus estimate of $385.83 million. For its first quarter of fiscal 2017 ending September 25, 2016, Cree targets consolidated revenue, which includes both continued and discontinued operations, in a range of $356 million to $378 million. Consolidated GAAP net income is targeted at $5 million to $6 million, or $0.05 to $0.06 per diluted share. Consolidated non-GAAP net income is targeted in a range of $10 million to $16 million, or $0.10 to $0.16 per diluted share. (The Street sees Q1 revenue of $397.6 million and EPS of $0.22.

First Acceptance Corp. (NYSE: FAC) 12.5% LOWER; said it is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the period ended June 30, 2016 (the “Form 10-Q”). Additional time is needed for the Company to compile and analyze supporting documentation in order to complete the Form 10-Q and in order to permit the Company’s independent registered public accounting firm to complete its review of the unaudited consolidated financial statements included in the Form 10-Q. The registrant undertakes the responsibility to file such quarterly report no later than fifth calendar day after its prescribed due date.

Barnes & Noble, Inc. (NYSE: BKS) 12.4% LOWER; announced the departure of its Chief Executive Officer, Ronald D. Boire. The Board of Directors determined that Mr. Boire was not a good fit for the organization and that it was in the best interests of all parties for him to leave the Company. The Company also said that its Executive Chairman, Leonard Riggio, who was scheduled to retire at the close of the Company’s Annual Meeting on September 14, will postpone his retirement until a later date.

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