Diamonds and Dogs
1/9/13Apollo Group Inc. (APOL)
Apollo Group is crashing back to earth today, down 7.74% at $19.32. The online and on-campus educational provider saw shares fall after worse than expected earnings. Apollo's net income dropped 10.59% year over year to $1.18 per share. Furthermore, revenue fell 6.68% year over year to $1.1 billion. Management stated that lower enrollment in their University of Phoenix was a leading factor in the companies lower earnings. Apollo Group also released that the company is facing a potential accreditation issue. Shares traded down around $1.60 today, pushing the stock down near its 52-week low of $18.36.
Trina Solar Limited (TSL)
Trina Solar is on fire today, up 11.73% at $5.81. The integrated solar power company saw shares explode after news that China was looking to increase its solar installations. China's National Development and Reform Commission announced last night that it would seek to double solar installations to 10 gigawatts this year. The goal to reach 10 gigawatts will be difficult to reach, and will call for numerous solar companies to take part in the installation. Many solar companies are up today, due to the possibility of each of them becoming an integral part of China's expansion. Trina Solar is still well off of its 52-week high of $12.19.