ReneSola Ltd. (ADR) (NYSE:SOL) says it’s one of the Chinese solar firms targeted by a new anti-dumping probe from the Department of Commerce. The company has “temporarily halted” U.S. shipments of products covered by the probe. (PR)With the ITC’s backing, the DoC imposed anti-dumping tariffs on Chinese vendors last year. Since then, U.S. trade group SEIA has proposed removing the tariffs in exchange for (among other things) the establishment of a fund by which Chinese vendors would compensate U.S. rivals for losses caused by Chinese state subsidies. ReneSola Ltd. (ADR) (NYSE:SOL) shares after opening at $3.72 moved to $3.75 on last trade day and at the end of the day closed at $3.37. Company price to sales ratio in past twelve months was calculated as 0.22 and price to cash ratio as 3.17. ReneSola Ltd. (ADR) (NYSE:SOL) showed a negative weekly performance of -21.45%.
Trina Solar Limited (ADR) (NYSE:TSL) on Mar. 25 announced that all solar PV cells produced by the Company have achieved anti-PID (Potential-Induced Degradation) ability following the optimization of the Company’s manufacturing technology. From April 2014, all Trina Solar modules using the Company’s self-produced cells will conform to IEC62804 Ed.1.0 (82/685/NP) standards, a system voltage durability testing standard (commonly known as the PID Test). Trina Solar will also be able to produce modules to meet stricter PID testing criteria based on customers’ needs. Additionally, the Company’s PV modules, which use anti-PID solar PV cells, have been successfully certified by TUV SUD. Trina Solar Limited (ADR) (NYSE:TSL) shares fell -8.46% in last trading session and ended the day on $13.10. TSL return on equity ratio is recorded as -20.30% and its return on assets is -6.30%. Trina Solar Limited (ADR) (NYSE:TSL) yearly performance is 270.06%.
Hanwha Solarone Co Ltd (NASDAQ:HSOL) new venture for solar production with the Wuxi New District Administrative Committee, opens new revenue doors for the floundering solar PV maker. The strategic plan will now allow Hanwha Solarone Co Ltd (NASDAQ:HSOL) to build, own and operate facilities spread across, the largely industrial district, solar energy to the tune of 100 MW. Besides, production the facilities will also explore distribution of the produced power back to the local grids.Hanwha Solarone Co Ltd (NASDAQ:HSOL) shares moved down -11.52% in last trading session and was closed at $2.92, while trading in range of $2.90-$3.32. Hanwha Solarone Co Ltd (NASDAQ:HSOL) year to date performance is 5.42%.
Stock analysts at Macquarie initiated coverage on shares of Ubiquiti Networks (NASDAQ:UBNT) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock. Ubiquiti Networks Inc (NASDAQ:UBNT) weekly performance is -19.45%. On last trading day company shares ended up $44.18. Ubiquiti Networks Inc (NASDAQ:UBNT) distance from 50-day simple moving average is -6.19%. Analysts mean target price for the company is $52.64.
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