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SunPower, which topped the charts, gained 36%. According to
Bloomberg, 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.
Occidental Petroleum(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.
EQT Corporation(EQT) 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(YGE) 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(JASO),
Husky Energy(HUSKF) and
Ultra Petroleum(UPL), up 7.7%, 6.6% and 6.6%, respectively.
Hess Corporation(HES) 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.