Formerly the biggest maker of solar panels in the world, with more than 10,000 employees, China-based Suntech Power Holdings (NYSE: STP ) has witnessed a long fall from grace. The nail in the coffin came in March, when the company failed to pay a $513 million debt obligation. Shortly following its default, the company sailed into Chinese bankruptcy protection. Fast-forward to this week and the company is trading more than 30% higher on a largely speculative rumor that Warren Buffett is looking to buy it.
Suntech Power has been licking its wounds since entering bankruptcy last month. Come Monday night, the company went from one of the worst-performing Chinese stocks to market darling after a Chinese news service�reported that Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) subsidiary MidAmerican Energy will likely buy the solar panel manufacturer.
5 Best Performing Stocks To Own Right Now: Insulet Corporation(PODD)
Insulet Corporation, a medical device company, engages in the development, manufacture, and marketing of insulin infusion systems for people with insulin-dependent diabetes in the United States. The company offers OmniPod Insulin Management System (OmniPod System), which consists of the OmniPod disposable insulin infusion device and the handheld wireless personal diabetes manager to provide diabetes management solution for people with insulin-dependent diabetes. It is also involved in the distribution of durable medical equipment, including blood glucose testing supplies, insulin pumps, pump supplies, pharmaceuticals, and other products for the management and treatment of diabetes. The company sells its OmniPod System directly to patients through referrals from healthcare professionals and through patient leads, as well as through third-party distributors; and delivers durable medical equipment to endocrinologists, insurers, and clients. Insulet Corporation was founded in 2000 and is headquartered in Bedford, Massachusetts.
5 Best Performing Stocks To Own Right Now: Sierra Wireless Inc(SW.TO)
Sierra Wireless, Inc., together with its subsidiaries, provides wireless solutions for the machine-to-machine (M2M) and mobile computing markets. It develops and markets various wireless products, including mobile broadband devices that comprise USB modems and mobile Wi-Fi hotspots that provide a way to connect notebooks, tablets, and other electronic devices to the Internet, over 3G and 4G mobile broadband networks; and wireless embedded modules to provide embedded 3G connectivity in the latest generation of the Lenovo ThinkPad professional-grade laptop computers. The company also offers intelligent gateways and routers for public safety, transportation, field service, energy, industrial, and financial organizations; and a cloud-based services platform, which delivers Web-based solutions and services that enable application providers, original equipment manufacturers (OEMs), and mobile network operators to develop, deploy, and operate complete M2M solutions for managing r emote equipment and assets. In addition, it provides professional services to OEM customers during their product development and launch process in built-in wireless connectivity for mobile computing devices and M2M solutions. The company offers its products to automotive, networking equipment, energy, security, sales and payment, industrial control and monitoring, fleet management, field service, healthcare, and consumer electronics industries, as well as businesses and consumers. It sells its products and solutions primarily through various indirect channels, such as wireless operators, distributors, and value-added resellers, as well as directly to OEMs and enterprises. Sierra Wireless, Inc. was founded in 1993 and is headquartered in Richmond, Canada.
5 Best Stocks To Watch Right Now: Saferoads Holdings Ltd (SRH.AX)
Saferoads Holdings Limited manufactures, imports, and distributes road safety products and solutions for motorists, road construction workers, and pedestrians primarily in Australia and New Zealand. The company provides civil and road safety products and barriers, including box beam rail guards, guard rails, motorcycle rub rails, and omnistop end terminals; and guardrail installations, wire rope installations, crash cushion installations, traffic calming installation, minor bridge works, bridge rails, noise walls, technical support, ongoing location inspections, traffic management, emergency repairs of guardrail and wire rope safety barriers, programmed guardrail, and wire rope safety barrier maintenance services for civil projects. It also offers guide posts that includes 1M tapered bollards, dig in rubber guide posts, econo dig in and econo guide posts, edge marker posts, short term bollards, snaploc bridge mounts and guide posts, supa drive post sockets and rubber guide posts, and T-top bollards; crash cushions, including non deforming bollards, omni stop bollards, and rubber crash cushion; and electronic traffic equipment, such as variable message boards. In addition, the company provides traffic calming products, including grass infills for roundabouts, roll out speed humps, rubber kerbing, rubber lane markers, rubber roundabouts, rubber speed cushions, rubber speed humps, rumble bars, safecycle, and wheel stops; traffic signals, push buttons, and lanterns; and public lighting, flag poles, and street sign posts, such as banners and flag poles, vic roads slips, safe poles, and street sign poles. Further, the company offers safety barriers for road users, pedestrians, cyclists, and motorcycles, including blockout pedestrian barriers, ironman barrier TL4, ironman median gate, and T-Lok barrier. It serves state government departments, local councils, and road construction companies. The company was founded in 1992 and is headquartered in Dro uin, Australia.
5 Best Performing Stocks To Own Right Now: Chindex International Inc.(CHDX)
Chindex International, Inc. engages in the provision of healthcare services; and sale of medical equipment, instrumentation, and products. The company operates in two segments, Healthcare Services and Medical Products. The Healthcare Services segment owns and operates the United Family Healthcare network of private hospitals and clinics in the Beijing, Shanghai, and Guangzhou markets. This segment also operates a managed clinic in the city of Wuxi, south of Shanghai. It offers a range of family healthcare services, including 24/7 emergency rooms, intensive care units, and neonatal intensive care units, operating rooms, clinical laboratory, radiology, and blood banking services for men, women, and children. The Medical Products segment markets, distributes, and sells medical capital equipment, instrumentation, and other medical products for use in hospitals in China and Hong Kong. It offers diagnostic color ultrasound imaging devices, robotic surgical systems and instrument ation, mammography and breast biopsy devices, and lasers for cosmetic surgery. This segment sells its products through its direct sales force. The company was founded in 1981 and is based in Bethesda, Maryland.
5 Best Performing Stocks To Own Right Now: Aegerion Pharmaceuticals Inc.(AEGR)
Aegerion Pharmaceuticals, Inc., a development stage biopharmaceutical company, engages in the development and commercialization of novel therapeutics to treat debilitating and fatal rare diseases. The company focuses on therapeutics to treat severe inherited lipid disorders. Lipids are naturally occurring molecules, such as cholesterol and triglycerides that are transported in the blood. Its lead product, lomitapide has completed pivotal Phase III clinical trial to treat patients with a rare inherited lipid disorder called homozygous familial hypercholesterolemia, or HoFH. The company also plans to develop lomitapide for the treatment of adult patients with a severe genetic form of hypertriglyceridemia called familial chylomicronemia. Aegerion Pharmaceuticals, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.