On May 16, 2014, JinkoSolar Holding Co., Ltd. (NYSE:JKS), recently announced that the company will supply 35 MW of solar PV modules to a renowned clean energy finance and management company Clenera towards the construction of the Avalon Solar Project. JinkoSolar will supply 114,750 pieces of high efficiency 305W PV modules for the project. JinkoSolar Holding Co., Ltd. (NYSE:JKS), net profit margin is 2.70% and weekly performance is -17.03%. On last trading day company shares ended up $23.09. Analysts mean target price for the company is $44.33. JinkoSolar Holding Co., Ltd. (NYSE:JKS), distance from 50-day simple moving average (SMA50) is -20.08%.
Shares of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), were the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 5,018,927 shares, an increase of 28.2% from the April 15th total of 3,914,410 shares, American Banking News reports. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 3,088,030 shares, the short-interest ratio is presently 1.6 days. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), fell 2.40% in last trading session and ended the day on $9.36. JASO, Gross Margin is 10.60% and its return on assets is -6.70%. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), quarterly performance is -13.65%.
Solar panel maker Sunedison Inc (NYSE:SUNE), is spinning off its wafer-making business into a new company called SunEdison Semiconductor Ltd. The Singapore-based company is offering 7.2 million ordinary shares in an expected price range of $13 to $15 a share. Sunedison Inc (NYSE:SUNE), shares moved up 3.30% in last trading session and was closed at $18.18, while trading in range of $17.37 – 18.39. Sunedison Inc (NYSE:SUNE), year to date (YTD) performance is 39.31%.
On May 13, 2014, China Sunergy Co Ltd (NASDAQ:CSUN), a specialized solar cell and module manufacturer, announced that it would report its financial results for the first quarter ended March 31, 2014 on Wednesday, May 28, 2014, before the market opens in the United States. China Sunergy Co Ltd (NASDAQ:CSUN), ended the last trading day at $3.05. Company weekly volatility is calculated as 8.86% and price to cash ratio as 1.44. China Sunergy Co Ltd (NASDAQ:CSUN), showed a positive weekly performance of 7.81%.
SPI Solar is majority owned (70%) by LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY),, which is undergoing bankruptcy proceedings and delisted from the New York Stock Exchange (NYSE).The company said that four investment firms had agreed to purchase 135,937,500 of its shares at US$0.16 per share for an aggregate purchase price of US$21,750,000. LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY), on last trading day company shares ended up $0.420.
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