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Saturday 27 June 2015
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Pre-Market News Analysis on: Canadian Solar Inc. (NASDAQ:CSIQ), Williams-Sonoma, Inc. (NYSE:WSM), Travelers Companies Inc (NYSE:TRV), Vanda Pharmaceuticals Inc. (NASDAQ:VNDA)

On Wednesday, Shares of Canadian Solar Inc. (NASDAQ:CSIQ), lost -1.52% to $32.36.

Canadian Solar Inc., declared that its wholly owned partner, Canadian Solar Solutions Inc., accomplished the sale of LunarLight, a 10 megawatt (“MW”) AC solar power plant to a partner of BluEarth Renewables Inc. (“BluEarth”). LunarLight, located in Belleville, Ontario, is the last in a series of power plants attained by BluEarth from Canadian Solar. The facility is valued at about C$65 million and uses Canadian Solar’s CS6X-300/305P modules made in Canada.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, “We are happy to declare the closing of the fourth utility-scale solar power plant to BluEarth Renewables, a private independent renewable power producer. The completion of the LunarLight project underscores Canadian Solar’s position as a global energy provider in the Ontario landscape. We take great pride in the diverse project portfolio that we have built in North America.”

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.

Shares of Williams-Sonoma, Inc. (NYSE:WSM), declined -0.25% to $80.99, during its last trading session.

PBteen, a member of the Williams-Sonoma, portfolio of brands, declares the launch of Extraordinary Teens, a program that honors teens who are making a positive impact in the world. In February 2015, teens were invited to enter to become an Extraordinary Teen by sharing ways they are making a difference in their communities in noteworthy ways, counting providing backpacks to low income students or baseball hats to seriously ill children. Recently, PBteen is happy to reveal the inaugural group and recognize them for their excellence. Learn more about the Extraordinary Teens by following their stories at #pbteenextraordinaryteens.

“We are inspired by the dedication and commitment these teens have shown to making a positive influence in their communities,” said Jill Larue-Rieser, Senior Vice President, PBteen. “PBteen is proud to celebrate these remarkable stories. We hope they empower others to make a difference in the world around them.”

Williams-Sonoma Inc. operates as a multi-channel specialty retailer of home products. The company operates in two segments, E-commerce and Retail. It offers cooking, dining, and entertaining products, counting cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams-Sonoma brand; furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand; and products designed for creating magical spaces where children could play, laugh, learn, and grow under the Pottery Barn Kids brand.

At the end of Wednesday’s trade, Shares of Travelers Companies Inc (NYSE:TRV), lost -1.23% to $98.78.

Travelers Companies, declared the start of the 2015 Travelers Championship at TPC River Highlands in Cromwell, Connecticut, featuring Bubba Watson, Jason Day, Sergio Garcia, Patrick Reed, Ernie Els, Louis Oosthuizen, Zach Johnson, and other top PGA TOUR players.

This year, as part of the tournament’s commitment to generating funds and awareness for charity, four young individuals from Connecticut who have demonstrated outstanding leadership in promoting charitable causes will serve as Honorary Co-Chairs. They will join officials from Travelers, the Official Property Casualty Insurance Provider of the PGA TOUR; the State of Connecticut; the Travelers Championship; and The Hole in the Wall Gang Camp at Opening Ceremonies at 9 a.m. EDT recently.

The Travelers Companies, Inc., through its auxiliaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the Unites states and internationally.

Finally, Vanda Pharmaceuticals Inc. (NASDAQ:VNDA), ended its last trade with 3.99% gain, and close at $13.42.

Vanda Pharmaceuticals, presented positive results from the long-term maintenance REPRIEVE (Relapse prevention study in patients with schizophrenia) clinical study at the 2015 American Society of Clinical Pharmacology (ASCP) Annual Meeting in Miami Beach, Florida. The REPRIEVE study demonstrated the ability of Fanapt to prevent relapse or impending relapse in adult patients with schizophrenia as contrast to placebo. In the REPRIEVE study, 79.6% of patients treated with Fanapt remained relapse free contrast to 36.6% for placebo-treated patients. Vanda intends to file a supplemental New Drug Application (sNDA) for Fanapt with the U.S. Food and Drug Administration (FDA) in the second half of 2015 to comprise the results from the REPRIEVE study in the Fanapt® package insert.

“We are delighted with the results of the REPRIEVE study presented recently at the ASCP annual meeting,” said Mihael H. Polymeropoulos, M.D., Vanda’s President and Chief Executive Officer. “We believe these results underscore the potential benefits of Fanapt as a treatment alternative for adult patients living with schizophrenia.”

Vanda Pharmaceuticals Inc., a biopharmaceutical company, focuses on the development and commercialization of products for the treatment of central nervous system disorders. The company’s products comprise HETLIOZ, a product for the treatment of non-24-hour sleep-wake disorder; and Fanapt, a product for the treatment of schizophrenia.

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