NEW YORK ( TheStreet) -- SunPower (SPWRA), GT Solar International (SOLR), Carbo Ceramics (CRR - Get Report) and KEG Energy Services (KEG - Get Report) were top performers last week, while Holly Corporation (HOC) Frontier Oil (FTO) and OGX Petroleum (OGXPY) lost substantial ground.
SunPower, which topped the charts, gained 36%. According to
, Total SA, one of the largest oil producers in Europe decided to buy up to 60% of SunPower in a deal worth $1.38 billion. SunPower shares are expected to be acquired at $23.25 per share by the acquirer.
GT Solar rose 15.8% during the week on receiving an order for Sapphire Furnaces. The company received an order worth $218.9 million for sapphire crystallization furnace from Guizhou Haotian Optoelectronics.
Carbo Ceramics surged 15.4% on good quarterly results. The management indicated that the March quarter result was the best in the company's history. Overall, reported net income was $30.2 million, up 59% compared to 2011 first quarter on revenue of $150.8 million. Revenue increased 22% for the quarter on good volumes from its North American Segment.
KEG Energy rose 14% during the week.
(OXY - Get Report)
piled 13.7% gains on good first quarter profit increase. Net income for the first quarter increased 46% to $1.55 billion compared to $1.06 billion, a year earlier. The company's EPS for the quarter was $1.9 per share against analyst estimates of $1.82. Sales rose 24% to $5.73 billion. The company announced an increase in annual capital spending to $6.8 billion for 2011.
gained 11.6% better-than-expected earnings. Net income for the March quarter increased to $99.775 billion compared to analyst estimates of $81.85 million for the quarter. The company's EPS for the quarter was $0.67 per share against analyst estimates of $0.55. Sales rose to $455.7 million against an estimated $386.6 million.
Yingli Green Energy
increased 8.1% on agreement with YHS. YHS agreed to buy 10 MW of PV modules from Yingli in the second half of 2011.
Other movers include
JA Solar Holdings
, up 7.7%, 6.6% and 6.6%, respectively.
rose 6.5% after analyst Edward Westlake of Credit Suisse upgraded the stock to outperform from neutral. The stock's 12-month target price is $115 per share.