Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

9/10/13

Model N Inc. (MODN)

Model N is getting crushed today, down 31.77% at $10.05. The revenue management company saw its shares fall nearly $4.70 after being downgraded by three companies. Pacific Crest downgraded Model N from sector perform from outperform, and Stifel downgraded the company from buy to hold. Finally, JP Morgan came out with another downgrade after the company cited weaker than expected revenue outlook for the year. Model N shares were down well over $5.00 earlier, and set a new 52-week low of $9.26 intraday.

SolarCity Corporation (SCTY)

SolarCity is on fire today, up 22.38% at $36.58. The solar energy system company saw its shares skyrocket after announcing another financial deal. SolarCity and Direct Energy have created a dedicated investment fund that will offer up to $124 million to build solar projects. Direct Energy will contribute up to $50 million to the fund, which will service commercial and industrial customers. The deal will help to push SolarCity's market cap up to around $400 million, and should help the company pull in an addition $25 million in earnings. Shares of the company are trading in their 52-week range of $9.20-$52.77.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.