Why Need To Watch Solar Stocks: ReneSola (NYSE:SOL), Hanwha Solarone (NASDAQ:HSOL), Yingli Green Energy (NYSE:YGE), Canadian Solar (NASDAQ:CSIQ)

ReneSola Ltd (ADR) (NYSE:SOL) has announced it has been awarded a “TOP BRAND PV” seal in the union of states of Belgium, the Netherlands, and Luxembourg (“Benelux”) by EuPD Research, the leading market intelligence company in the sustainable business sector and an independent brand management appraiser of module manufacturers in Germany, Italy, the United Kingdom, Benelux, and France. ReneSola Ltd. (ADR) (NYSE:SOL) shares after opening at $2.94 moved to $2.94 on last trade day and at the end of the day closed at $2.93. Company price to sales ratio in past twelve months was calculated as 0.20 and price to cash ratio a 3.43 s. ReneSola Ltd. (ADR) (NYSE:SOL) showed a negative weekly performance of -5.79%.

Hanwha SolarOne Co. Ltd (NASDAQ:HSOL) announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2013 with the Securities and Exchange Commission on April 14, 2014. Hanwha Solarone Co Ltd (NASDAQ:HSOL) shares fell -0.75% in last trading session and ended the day on $2.64. HSOL return on equity ratio is recorded as -64.00% and its return on assets is -16.30%. Hanwha Solarone Co Ltd (NASDAQ:HSOL) yearly performance is 186.96%.

Yingli Green Holding Co. Ltd. (ADR) (NYSE:YGE) inked an agreement with a Shanghai based private firm, Sailing Capital Management Co. Ltd, to create a $161 million (RMB 1 billion) fund aimed at investment in solar energy projects in China. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares moved -1.90% in last trading session and was closed at $4.14 while trading in range of $4.05 – $4.25 – Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) year to date (YTD) performance is -18.02%.

Canadian Solar Inc (NASDAQ:CSIQ) announced the completion of the first diesel hybrid PV system in the remote microgrids in northern Ontario, Canada. The 152kW rooftop solar array on the Deer Lake First Nation Elementary School, completed by Canadian Solar with its supplier partners, is the first project under the strategic partnership with NCC Development, LP (“NCC”), a First Nation renewable energy management company, in a commitment to use renewable energy (RE) microgrid solutions to assist the energy needs of off-grid First Nations and remote communities. Canadian Solar Inc. (NASDAQ:CSIQ) weekly performance is -0.82%. On last trading day company shares ended up $26.46. Canadian Solar Inc. (NASDAQ:CSIQ) distance from 50-day simple moving average (SMA50) is -24.19%. Analysts mean target price for the company is $48.77.

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