Barclays initiated coverage on shares of JinkoSolar Holding Co. (NYSE:JKS) in a research report sent to investors on Monday morning,Analyst Ratings Network reports. The firm issued an overweight rating and a $51.00 price target on the stock. JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares after opening at $27.98 moved to $28.15 on last trade day and at the end of the day closed at $27.12. Company price to sales ratio in past twelve months was calculated as 0.86 and price to cash ratio as 2.89. JinkoSolar Holding Co., Ltd. (NYSE:JKS) showed a negative weekly performance of -1.88%.
Solar cell and Solar Module manufacturer, China Sunergy Co Ltd (NASDAQ:CSUN), has hinted that it expects to record higher shipments for this year after registering higher than expected sales for its recent fourth Quarter. As a result of improved sales, the solar panel maker was able to report a smaller than expected loss for the quarter. The company has not been profitable for the past 11 even quarters. China Sunergy Co Ltd (NASDAQ:CSUN) shares advanced 0.24% in last trading session and ended the day on $4.18. CSUN return on equity ratio is recorded as 734.00% and its return on assets is -13.10%. China Sunergy Co Ltd (NASDAQ:CSUN) yearly performance is 194.37%.
ReneSola Ltd. (ADR) (NYSE:SOL) is now under higher pressure as industry leader Trina Solar has announced first quarter shipment cuts and guidance too for the next quarter being not as encouraging. ReneSola Ltd. (ADR) (NYSE:SOL) shares moved up 1.03% in last trading session and was closed at $2.93, while trading in range of $2.81-$2.94. ReneSola Ltd. (ADR) (NYSE:SOL) year to date performance is -15.07%.
Hanwha Solarone Co Ltd (NASDAQ:HSOL) has announced that Chairman and CEO Ki-Joon Hong has retired from the company. Hanwha SolarOne expects to announce a replacement by the end of April 2014. Hanwha Solarone Co Ltd (NASDAQ:HSO) on last trading day company shares ended up $2.64.Hanwha Solarone Co Ltd (NASDAQ:HSO) distance from 50-day simple moving average is -13.36%. Analysts mean target price for the company is $5.00.
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