Tesla’s Surprise Beat Has Shares Jumping and 2 Other Hot Stocks to Watch
Tesla Motors Inc. (NASDAQ:TSLA): Current price $157.14
Tesla shares are up more than 14 percent Thursday morning after the electric car maker’s second-quarter earnings surprised analysts with a profit rather than a loss. The company posted quarterly profits of 20 cents per share on revenue of $405 million, handily surpassing a predicted loss of 19 cents per share on revenue of $387.9 million. Analyst Patrick Archambault at Goldman Sachs raised his six-month price target from $84 to $95.
Fusion-io Inc. (NYSE:FIO): Current price $11.55
Fusion-io posted a fourth-quarter 2013 non-GAAP loss per share of 3 cents, down considerably year-over-year from 9 cents. The loss was primarily blamed on lower revenues and higher expenses. Including stock-based compensation of 16 cents, loss per share stood at 19 cents compared with Zacks’s consensus estimate of 15 cents per share. Revenues slid a marginal 0.5 percent from the quarter one year ago to $106.1 million.
Opexa Therapeutics Inc. (NASDAQ:OPXA): Current price $1.47
Opexa shares are down more than 50 percent in late-morning trading on extremely heavy volume after the biotech firm announced on Wednesday the pricing of an underwritten public offering of 12 million shares of its common stock at $1.50 per share to the public. Shares gained 131 percent earlier Wednesday on more than 24 million shares traded, seemingly on positive sentiments regarding its Tcelna, a patient-specific T-cell immunotherapy for the treatment of multiple sclerosis.