Just days ago Rubicon Technology (RBCN) closed on a public offering of more than 3 million shares, raising around $62 million. In that offering, 834,000 shares were sold to the public by “selling stockholders” as indicated in the press release. We know now that those selling stockholders include the CEO and CFO according to InsiderCow.com, both of which liquidated their entire position. CEO Raja Parvez sold all 200,000 shares for a cool $5.68 million … Read the rest
Tag Archives: insider selling
Lazard Capital: Fisker Presents Significant Opportunity For A123 Systems (AONE); Thomas Weisel Starts At Market Weight
Lazard Capital noted that on Friday, the DOE’s big $528 million loan to Fisker Automotive for the development of its Karma and Nina electric vehicles closed. As the only battery supplier to Fisker, it represents a big opportunity for A123. Lazard maintains a Buy rating on the stock. On April 12th, Lazard confirmed that Chrysler will use A123 lithium batteries in its Fiat 500 line of electric cars which Lazard believes could be a … Read the rest
Big Insider Selling At First Solar (FSLR) & Cree Inc (CREE)
First Solar (FSLR) and Cree Inc (CREE) are two stocks moving in opposite directions, but they have one thing in common – the Chairman of both companies, Michael Ahearn at FSLR and Chuck Swoboda at CREEl, have been dumping stock. According to Street Insider, Ahearn has sold off 43% of his holdings or nearly $150 million just days after the company reported earnings. A move like that doesn’t exactly exude confidence and the stock … Read the rest
Green Stocks Insider Action: ABAT CEO Buys Million Shares, FSLR CFO Dumping
Advanced Battery (ABAT) has seen strong technical action in recent days rising above the 200 day moving average. No doubt all the buying from the CEO has something to do with it. Is big news around the corner? CEO Fu Zhiquo purchased 1,000,000 shares on May 4th at $2.65/share. With shares currently nearly 3.50, not a bad return in a few days! So the company reports earnings on May 11th and the CEO buys $2.5 … Read the rest
Alternative Energy Stocks Insider Buying/Selling: CY & ES CEOs Buy Big
Here’s a run down of recent big buying or selling by insiders in alternative energy companies:
BUYING
* Nov 19th & 20th Cypress Semiconductor (CY) CEO bought 1,126,560 for roughly $3.5 million
* Nov 14th, 17th, 18th Energysolutions (ES) CEO Steve Creamer bought 1 million shares for roughly $4 million
SELLING
* Nov 24th Aerovironment (AVAV) Chairman/President Timothy Conver sold 22,268 shares for roughly $400K. He sold a similar amount at the beginning of … Read the rest
AeroVironment (AVAV) CEO Insider Selling Plan
According to StreetInsider.com, AeroVironment (AVAV) has announced that its CEO and chairman, Timothy Conver has established a Rule 10b5-1 stock trading plan to sell a portion of his holdings which is held in the Conver Family Trust. Under the plan, the Trust may sell up to 280K shares over a period of nine months but Conver would still own over 4 million shares of his company, so it’s a not a big percentage of … Read the rest
Walmart Heir Sells a Significant Portion of Stock in First Solar (FSLR)
According to Clusterstock.com, JCL Holdings sold 1.4 million shares of stock in First Solar during the month of August. JCL Holdings is affiliated with Walmart heir John T. Walton, one of the founding investors in First Solar. Should First Solar stockholders be worried? Probably not. JCL Holdings still has 10.7 million shares, while Walton himself controls 23 million shares.
First Solar’s stock has risen to 14x what is was when the company went public, so … Read the rest
JCL Holdings Cashing Out On First Solar (FSLR)
Over the past week or so JCL Holdings, which owns around 15% of the company has been cashing out tens of millions in First Solar (FSLR) shares. I don’t think it’s too unusual for a company to want to take some profits on a great investment at this point, but additional insider selling should be watched closely. It most certainly has been a drag on the stock, which has been pushing down from the day … Read the rest