Condagua Reports Stake in Lucas Energy (LEI); Upside Visualized in First Solar (FSLR)


The price of Lucas Energy, Inc. (NYSEMKT:LEI) stock surged more than 2% in the extended session Tuesday after Condagua, LLC disclosed in a regulatory filing with the SEC ( SC 13G ) a 6.64% passive stake (96,666 shares) in the company, which recently announced a deal to purchase working interests in properties with  current production of +1,200 BOE/d (according to Lucas Energy)

LEI stock closed at $6.90, up $0.22 (or +3.29%), and 3,028,724 shares of the company exchanged hands during the day, a large increase in activity versus its average volume (3m) of 375,894

Lucas Energy, which is engaged in the production of crude oil and natural gas, has 1.47M Shares Outstanding, Market Capitalization (intraday) of $10.11M and LEI stock 52-week range is between $1.33 and $11.25 per share



Shares of First Solar, Inc. (Nasdaq:FSLR) climbed $5.31 (or +7.96%) to $72.03 on Tuesday’s trading session after brokerage firm Goldman Sachs upgraded the company’s stock from a Neutral to a Buy rating and raised its price target from $61.00 to $100.00

First Solar recently said that it expects full year 2016 net sales to be in a range of $3.9 billion to $4.1 billion and earnings per share between $4.00 and $4.50 for the period

First Solar, a leading global provider of comprehensive photovoltaic (PV) solar systems, has 100.92M Shares Outstanding and Market Capitalization (intraday) of $7.27B. FSLR stock touched a new 52-week high of $72.12 in intraday trading


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