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Sunday 23 August 2015
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Friday’s Trade News Analysis on: Accuray (NASDAQ:ARAY), Basic Energy Services, (NYSE:BAS), Canadian Solar (NASDAQ:CSIQ), Albemarle (NYSE:ALB)

On Friday, Accuray Incorporated (NASDAQ:ARAY)’s shares inclined 12.67% to $6.58.

Accuray Incorporated (ARAY) declared it has received a multi-system order from 21st Century Oncology for one CyberKnife® M6™ and four TomoHDA™ Systems. These are the latest generation CyberKnife and TomoTherapy Systems, and are used worldwide to provide extremely precise radiation treatments for cancerous and non-cancerous tumors throughout the body. The TomoTherapy Systems will replace conventional linear accelerators in single vault freestanding centers, reinforcing the TomoTherapy’s value as a mainstream radiation therapy device. Accuray booked the order in its first fiscal quarter of 2016.

Accuray Incorporated designs, develops, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the body. The company offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of various types of cancer and tumors in the body. Its CyberKnife System automatically tracks, detects, and corrects for tumor and patient movement in real-time during the procedure, in addition to enables delivery of precise, high dose radiation while patients breathe normally.

Basic Energy Services, Inc (NYSE:BAS)’s shares dropped -9.48% to $3.67.

Basic Energy Services, Inc. (BAS) stated selected operating data for the month of July 2015. Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 55,400 producing a rig utilization rate of 52%, contrast to 55% and 69% in June 2015 and July 2014, respectively.

During the month, Basic’s fluid service truck count reduced by five to 1,007. Fluid service truck hours for the month were 193,200 contrast to 193,200 and 214,900 in June 2015 and July 2014, respectively.

Drilling rig days for the month were 69 producing a rig utilization of 19%, contrast to 17% and 89% in June 2015 and July 2014, respectively.

Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs. This segment operates 291 pumping units; and 66 air compressor packages, counting 36 snubbing units, 16 coiled tubing units, and 10 wireline units.

At the end of Friday’s trade, Canadian Solar Inc. (NASDAQ:CSIQ)‘s shares dipped -7.35% to $17.40.

Canadian Solar Inc. (CSIQ), one of the world’s largest solar power companies, declared that the company will now be offering its MaxPower polycrystalline module in a new 320W power class. The MaxPower CS6X-320P is a more robust module with higher power efficiency. In addition, when the MaxPower CS6X-320P module is paired with a respective Canadian Solar CSI-23/28/36KTL-CT 3-phase inverter, a stronger, more cost-effective systems solution can be achieved from a single bankable supplier like Canadian Solar.

Together with the 310W and 315W polycrystalline modules, the 320W power class is an innovative addition to the MaxPower line of solar PV modules. Compriseent with Canadian Solar’s high product quality, this module comprises the brand’s 25-year linear power output warranty and a 10-year product warranty on materials and workmanship. Furthermore, this new power class gives solar installers and project developers the ability to reduce their overall balance of system costs for small commercial, large commercial, distributed generation, and utility-scale projects.

Canadian Solar Inc., together with its auxiliaries, designs, develops, manufactures, and sells solar wafers, cells, and solar power products worldwide. The company operates in two segments, Module and Energy. Its products comprise various solar modules that are used in residential, commercial, and industrial solar power generation systems.

Albemarle Corporation (NYSE:ALB), ended its Friday’s trading session with -5.07% loss, and closed at $46.81.

Chemetall, a Global Business Unit of Albemarle Corporation (ALB), has introduced a new water-based penetrant for eco-friendly and process efficient fluorescent penetrant inspection. Britemor® 921 (W) enables bright and crisp indications on a wide range of materials, counting ferrous and non-ferrous metals, and non-porous ceramics, thanks to its very low fluorescent background and excellent wash characteristics. Chemetall’s liquid penetrant testing product uses water as the main carrier which is stabilized by a distinctive micro-emulsion technology. These micro-emulsions are thermodynamically stable and composition comprises isotropic liquid mixtures of solvent, water and emulsifier. The low viscosity of the Britemor® 921 (W) ensures minimal drag out, reduces overall product and rinse water consumption and minimizes the effluent treatment costs.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company’s Performance Chemicals segment offers brominated flame retardants under the Saytex brand; mineral-based flame retardants under the Martinal and Magnifin brands; and elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon, and bromine fine chemicals that are used in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, paper manufacturing, water purification, beef and poultry processing, and various other industrial applications.

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