Shares of Canadian Solar (CSIQ) are surging over 5% after CEO Shawn Qu offered to take the company private in a deal valued at at $1.07 billion. Qu sent a letter to the board offering to buy remaining shares at $18.47 a share, or a 7% premium to Friday’s close.
BioMarin Pharmaceutical (BMRN) is on the rise after announcing updates on an investigational gene therapy treatment for severe hemophilia. SunTrust Robinson Humphrey analyst Edward Nash raised his price target on the stock to $130.00.
Monsanto (MON) shares are in focus as the seed and agro chemical giant will give cash back to US farmers who buy its weed killer XtendiMax with VaporGrip, which has been linked to crop damage. The incentive comes as several state governments consider restricting its use.
SunPower (SPWR) shares are higher on a upgrade to outperform at Baird. Analysts expect sentiment to improve over the next couple of quarters as the company sells assets and improves its balance sheet.
Shares of Kimberly Clark (KMB) are slightly lower on a downgrade to Sell at Citi, with analysts expecting weak earnings growth to persist in 2018.