Top Tech Stocks
Technology stocks were slightly lower in afternoon trading, with
shares of technology companies in the S&P 500 slipping about
In company news, shares of Highpower International (
) rallied as much as 58% Tuesday after the Chinese maker of
large-format lithium batteries received its first-ever order for
batteries to be used in electric buses, generating up to $5 million
in sales by the end of the year.
The order from Huizhou Yipeng Energy Technology - a system
integrator serving various large-bus manufacturers throughout China
- marks HPJ's initial move into the electric vehicle market.
According to the company, it expects each hybrid electric bus will
use 96 of its 16-ampere-hour batteries while plug-in hybrid
electric buses likely will each use 288 of HPJ's 20-ampere-hour
HPJ shares hve raced as high as $4.98 each today, matching their
best levels since April 2010. The stock was up 42.9% at $4.50 a
share in recent trading.
In other sector news,
(+) TTEC, (+13.6%) Discloses plans to acquire Sofica Group, the
largest, independent customer management services company in
Bulgaria. The technology services company also authorizes an
additional $25 million for future share buybacks.
(-) RP, (-22.8%) EPS of $0.16 misses estimates by $0.01 per
share. Revenue rises 12.5% year over year to $96.4 mln, trailing
Capital IQ consensus by $3.6 mln. Guides both Q1 and FY14 earnings
and revenue under the Street.
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