Markets

Sector Update: Technology Issues Posting Flat Trade in Pre-Bell

Top Technology Stocks:

MSFT: flat

AAPL: +0.22%

IBM: flat

CSCO: flat

GOOG: flat

Technology shares were generally flat in pre-market trade Tuesday.

In technology stocks news, Renesola ( SOL ) American Depositary Receipts were about 3% higher in recent pre-market trading after the solar module manufacturer returned to profitability in Q2 ended June 30, resulting from stronger revenues and increased solar module shipments during the period.

And, Canadian Solar ( CSIQ ) said it will supply photovoltaic modules totaling 44 megawatt to seven solar farms in North Carolina that are being constructed by Entropy Investment Management and Entropy Solar Integrators.

The value of the deal was not disclosed.

CSIQ closed higher 2.9% on Monday, in the lower half of the 52-week range between $10.55 and $44.50. It was bid higher at $26.50 in recent pre-market trade.

Finally, Badger Meter ( BMI ), a maker of flow measurement and control technologies products, announced it signed a stock purchase agreement to acquire Denver-based National Meter and Automation Inc.

The acquisition is expected to add $15 million of incremental revenues to BMI, after eliminating intercompany sales and should be completed on October 1, 2014. BMI was inactive in recent pre-market trading on Tuesday after closing at $51.42 on Monday.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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