Coverage of Alibaba Group Holding Ltd (NYSE:BABA), a China-based online and mobile commerce company, has been initiated by analysts at Brean Capital with a buy rating. The firm set its price target on the stock at $110 as share, which marks a potential upside of 24% from its Thursday closing price. Shares of Alibaba Group Holding Ltd (NYSE:BABA) are moving within a 52-week trading range of $82.81 - $99.70.JinkoSolar Holding Co., Ltd. (NYSE:JKS) said Friday that it supplied solar modules to independent power producer sPower for four solar power projects in Antelope Valley, California. Financial terms of the deal were not released. The Shanghai-based solar power specialist supplied approximately 115,000 of its high efficiency solar photovoltaic modules to sPower for the 34MW solar plant. When fully operational, the sPower facility is expected to generate enough clean solar energy to serve the needs of approximately 4,110 homes per year. sPower has a 20-year power purchase agreement in place with Southern California Edison to purchase 34MW of clean energy output from the facilities. JinkoSolar Holding Co., Ltd. (NYSE:JKS) is trading between a 52-week range of $19.06-37.98.Fabrinet (NYSE:FN) shares were up 16% in recent Friday trading, after the consumer-electronics manufacturer late Thursday posted fiscal Q4 earnings in line with Street views despite weaker-than-expected revenue, and gave guidance for fiscal Q1 revenue that exceeded analysts' expectations. FN's 16% jump brought its stock price to $17.28 recently, although that is still below the midpoint of the stock's 52-week range between $13.57 and $22.67. For its fiscal Q1 ended Sept. 30, Fabrinet said it is now projecting around $189 million in revenue, surpassing Wall Street's then expectations by around $9.8 million. Those results include about $3 million of the consignment sales, according to the company. Analysts have since updated their revenue estimates to a consensus of $188.2 million, according to Capital IQ.For fiscal Q4 ended June 30, the company reported GAAP net income of $10.3 million, or $0.29 per share, down from a $15.1 million profit during the same quarter last year. Excluding non-recurring items, it earned $12.1 million, or $0.34 per share, on a non-GAAP basis, in line with the Capital IQ consensus. Revenue rose less than 1% year over year to $160.1 million, versus analysts' consensus of $171.5 million. During Q4, the company said it concluded around $16.5 million in certain consignment sales wouldn't qualify for revenue recognition because of unclear contract terms related to delivery, risk of loss and title transfer. It expects to recognize that revenue once the goods ship during the current FY15.Newell Rubbermaid Inc. (NYSE:NWL) said it has agreed to buy the assets of bubba brands inc from In Zone Holdings for an undisclosed amount. The marketer of consumer and commercial products such as Rubbermaid, Sharpie and Paper Mate said bubba brands, which designs and markets durable beverage containers, is expected to deliver over $50 million in net sales in 2014.The deal is expected to be accretive to Newell Rubbermaid's net sales growth rate, normalized operating income margin and normalized EPS within the first year. Newell Rubbermaid Inc. (NYSE:NWL) said it will provide more details about the deal upon releasing Q3 results on Oct. 31. NWL trades within a 52-week range of $27.88 and $35.25.
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