ReneSola Ltd. (ADR) (NYSE:SOL) announced the formal launch of ReneSola South Africa (Pty) Ltd in Cape Town. The office will be responsible for sales and marketing efforts across Africa and South Africa. ReneSola Ltd. (ADR) (NYSE:SOL) stock opened at $3.64 in last session, and closed at $3.39, while the day range of stock is $3.38 – $3.66. The stock showed a negative weekly performance of -15.88%.
Vimicro International Corporation (ADR) (NASDAQ:VIMC) is a Chinese specialized semi-conductor manufacturer producing a wide range of products as well as software solutions that are operational at the system level. The company boasts of wide portfolio which is designed for mixed signal semiconductor products. Vimicro International Corporation (ADR) (NASDAQ:VIMC) stock opened at $3.32, in last session and closed at $2.92, by losing -10.15%. The 52 week range of the stock is $1.10 – $3.90. Company’s market capitalization is $83.98 million.
Canadian Solar Inc. (NASDAQ:CSIQ) came in under pressure along with solar stocks after a commission for the European Union proposed changes in the bloc’s alternative energy target. The European Commission, the executive arm of the EU, suggested terminating a requirement that each country produce a certain amount of renewable energy after 2020 and proposed that a renewable energy goal for the entire EU be set. Canadian Solar Inc. (NASDAQ:CSIQ) stock decreased -9.32% and finished the last session at $37.25. The EPS of the stock remained -2.26. Company’s market capitalization is $1.61 billion.
Hanwha Solarone Co Ltd (NASDAQ:HSOL) lost about 6% as solar stocks declined after a commission for the European Union proposed changes in the bloc’s alternative energy target. The European Commission, the executive arm of the EU, suggested terminating a requirement that each country produce a certain amount of renewable energy after 2020 and proposed that a renewable energy goal for the entire EU be set. Hanwha Solarone Co Ltd (NASDAQ:HSOL) stock opened the session at $2.66, and closed the session at $2.58. The 52 week range of the stock remained $0.86 – $5.70 and the day range was $2.58 – $2.72.
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