First Solar (NASDAQ:FSLR) shares were up 2.7% on Friday after Citigroup raised their price target on the stock from $63.00 to $87.00,American Banking News reports. Citigroup currently has a buy rating on the stock. First Solar, Inc. (NASDAQ:FSLR) shares after opening at $69.68 moved to $72.96 on last trade day and at the end of the day closed at $69.72. Company price to sales ratio in past twelve months was calculated as 2.10 and price to cash ratio as 3.93. First Solar, Inc. (NASDAQ:FSLR) showed a positive weekly performance of 1.57%.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) announced that it has supplied 1 MW of solar panels to Grupo Neoenergia, one of Brazil’s largest energy companies and a pioneer in Brazilian solar project development. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares fell -1.55% in last trading session and ended the day on $4.46. YGE return on equity ratio is recorded as -139.90 % and its return on assets is -8.60%. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) yearly performance is 127.55%.
Baidu Inc (ADR) (NASDAQ:BIDU) has announced it will launch a third party settlement service for fund companies and investors after it received a license for fund, sales, payment and settlement. China’s biggest search engine company will have to tackle ferocious competition in this sector. Baidu Inc (ADR) (NASDAQ:BIDU) shares moved down -5.14% in last trading session and was closed at $149.35 while trading in range of $ 148.50 – $158.17 – Baidu Inc (ADR) (NASDAQ:BIDU) year to date (YTD) performance is -16.04%.
Sina Corp. (NASDAQ:SINA) is not extremely oversold despite recent weakness. As a matter of fact, current stock price of $59.32 is still far from theoretical lows of $55.70. Now that SINA is under the $60 mark, more weakness may come. SINA Corp (NASDAQ:SINA) weekly performance is -4.39%. On last trading day company shares ended up $56.36. SINA Corp (NASDAQ:SINA) distance from 50-day simple moving average (SMA50) is -16.38%. Analysts mean target price for the company is $91.33.
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