Shares of Tesla Motors (TSLA) sink, down 9.3% in premarket trading, after taking on a downgrade by Morgan Stanley to Underweight from Overweight. Analysts with the firm say the transition of TSLA to a reality stock has heightened risk with mass adoption of electric vehicles integral for the company.
MEMC Electronic (WFR) plans to cut 1.3K jobs and idle a polysilicon plant in Italy as part of a $700M restructuring charge it plans to take in Q4. The firm says the actions will help it "right size" its production capacity and "accelerate" operating cost reductions. Shares -3.1% premarket
MEMC Electronic (WFR) plans to cut 1.3K jobs and idle a polysilicon plant in Italy as part of a $700M restructuring charge it plans to take in Q4. The firm says the actions will help it "right size" its production capacity and "accelerate" operating cost reductions. Shares -3.1% premarket
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