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Unusual 11 Midday Movers 01/11: (JKS) (HSOL) (JASO) (BORN) Higher; (UNTK) (HL) (DLA) (SUMR)

January 11, 2012 2:56 PM EST
JinkoSolar (NYSE: JKS) 34.6% HIGHER;mentioned positively in a Deutsche Bank note this morning. The stock was one of the firm's top picks in the solar sector.

Hanwha SolarOne Co. (Nasdaq: HSOL) 33.6% HIGHER;the solar industry as a whole is up on the day on a number of rumors and reports. Click here for more info on the industry today.

JA Solar Holdings (Nasdaq: JASO) 31.3% HIGHER;look at link under HSOL for details.

China New Borun Corporation (NYSE: BORN) 28.1% HIGHER;announced that it has already signed pre-sales contracts worth a total of approximately 90% of the Company's total edible alcohol production capacity in 2012.

Renesola Ltd. Common Shares (NYSE: SOL) 27.9% HIGHER; look at link under HSOL for details.

Trina Solar (NYSE: TSL) 27.8% HIGHER; mentioned positively along with Jinko and Yingli (NYSE: YGE) in a Deutsche Bank research note from earlier. Shares of Yingli are up 18.5 percent at last check.

UniTek Global Services, Inc. (Nasdaq: UNTK) 25.3% LOWER; The Board of Directors has formed an interim Office of CEO to be co-managed by Dan Yannantuono, CEO of DirectSat, a division of UniTek, and Ronald J. Lejman, CFO and treasurer of UniTek.

Hecla Mining Company (NYSE: HL) 21.1% LOWER; reports that the Mine Safety and Health Administration has ordered the Silver Shaft at the Lucky Friday mine in Mullan, Idaho closed for removal of built-up material in the shaft. This order is pursuant to the investigation following the December 14, 2011 rock burst. Compliance with the order is expected to take through year-end. Hecla’s 2012 silver production is now estimated to be approximately 7 million ounces.

Delta Apparel (AMEX: DLA) 20.5% LOWER; sees Q2 loss of $1.58-$1.62 per share on sales of about $105 million. Cuts FY12 sales guidance to $480-$500 million, which compares to the Street estimate of $514 million. text to be clicked hereto see the full report.

Summer Infant (Nasdaq: SUMR) 20.4% LOWER; reports FY11 preliminary sales of about $238 million and EPS of 42-44 cents. The Street is currently looking for FY11 sales of $246.4 million and EPS of 55 cents. The stock was also downgraded at Wedbush this morning.

Urban Outfitters (Nasdaq: URBN) 18.4% LOWER; announces its CEO Glen Senk is resigning. The company has named Richard Hayne as its new CEO. The stock was downgraded at Baird and Citi this morning.


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