JinkoSolar Holding Co. Ltd. (NYSE:JKS) reported first quarter 2014 results with adjusted earnings per ADS of 20 cents (adjusted earnings of 5 cents per share), much lower than the Zacks Consensus Estimate of 41 cents. The company, however, reversed its year-ago adjusted loss per ADS of 56 cents (adjusted loss of 14 cents per share) in the reported quarter. Each “ADS” represents four ordinary shares. Earnings in the quarter came on the back of JinkoSolar’s wide geographical expansion. JinkoSolar Holding Co., Ltd. (NYSE:JKS) net profit margin is 4.10% and weekly performance is 8.00%. On last trading day company shares ended up $27.81. Analysts mean target price for the company is $43.82. JinkoSolar Holding Co., Ltd. (NYSE:JKS) distance from 50-day simple moving average (SMA50) is 4.27%.
Daqo New Energy Corp. (NYSE:DQ), a leading polysilicon manufacturer based in China, announced that the previously announced registered follow-on public offering of American depositary shares (“ADSs”) by the Company was priced at US$29.00 per ADS on May 14, 2014. The Company will issue and sell 2,000,000 ADSs. Each ADS represents 25 ordinary shares of the Company. In connection with this offering, the Company has granted the underwriter a 30-day option to purchase up to 300,000 additional ADSs. Daqo New Energy Corp (NYSE:DQ) shares advanced 5.37% in last trading session and ended the day on $29.82. DQ Gross Margin is -3.10% and its return on assets is -8.00%. Daqo New Energy Corp (NYSE:DQ) quarterly performance is -28.14%.
ReneSola Ltd. (ADR) (NYSE:SOL) on June 12 announced that Solar Insurance & Finance (“Solarif”), an international and independent insurance broker specializing in insurance for PV installations, has certified ReneSola modules based on a positive audit of the Company involving relevant technical, financial, environmental, and labor considerations. ReneSola Ltd. (ADR) (NYSE:SOL) shares moved up 2.05% in last trading session and was closed at $2.99, while trading in range of $2.85 – $2.99. ReneSola Ltd. (ADR) (NYSE:SOL) year to date (YTD) performance is -13.33%.
Trade-Ideas LLC identified JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) as a “perilous reversal” (up big yesterday but down big today) candidate. TheStreet Quant Ratings rates JA Solar Holdings Co ADR as a sell. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) ended the last trading day at $10.76. Company weekly volatility is calculated as 5.98% and price to cash ratio as 1.65. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) showed a positive weekly performance of 9.91%.
OAO Gazprom (ADR) (OTCMKTS:OGZPY) declined as the company sued its Ukrainian counterpart. Iraqi bond yields jumped to an eight-week high. The Ibovespa fell for a second day as economists cut their Brazil growth forecasts. Thailand’s benchmark entered a bull market. Gazprom OAO (ADR) (OTCMKTS:OGZPY) on last trading day company shares ended up $8.49.