Boston, MA 11/07/2014 (wallstreetpr) – JD.Com Inc (ADR) (NASDAQ:JD) is poised to give its Chinese rival Alibaba Group Holding Ltd (NYSE:BABA) a run for its money. Analysts have noticed that JD was trying to take on Alibaba in a fashion similar to that of Amazon.com, Inc. (NASDAQ:AMZN) against the eBay Inc (NASDAQ:EBAY).
JD.Com Inc (ADR) (NASDAQ:JD) has a vertically integrated business model whereby it is building its own warehouses and providing logistic solutions. Such efforts are expected to help it chip away some market share from Alibaba.
JD.Com Inc (ADR) (NASDAQ:JD) recently announced that it started operations in its $1 billion warehouse. The company is also working aggressively to boost its fortunes during the busy holiday shopping season. The e-commerce provider currently has seven fulfillment centers and another 97 warehouses that are located in 39 cities.
Analysts at BNP Paribas recently launched coverage of the stock with a “Buy” recommendation.
Sunedison Inc (NYSE:SUNE) won a solar power project in India. The company and certain of its affiliates will generate electricity that will be sold to various customers under what is known as power purchase agreements. The solar power projects awarded to Sunedison in India are five and have a total capacity of 150 MW.
Elsewhere, Sunedison Inc (NYSE:SUNE) secured $130 million debt funding to bankroll its 69.5 MW solar project in Chile. The electricity generated from the project will also be sold under power purchase agreements, which is span 20 years.
RF Micro Devices, Inc. (NASDAQ:RFMD) started the week on a largely positive note. The company printed a new 52-week high price of $13.57 amid favorable analyst comments. Citing the merger with TriQuint, analysts at Canaccord Genuity not only raised their target price on the stock, but also upgraded their rating. The analysts issued a “Buy” rating on the stock from a “Hold” and set $16 target price from $12.
The favorable comment followed RF Micro Devices, Inc. (NASDAQ:RFMD)’s upbeat 3Q financial performance. The company earned $0.27 per share on revenue of $362.7 million. Both earnings and revenue outpaced the estimates.