ReneSola Ltd. (ADR) (NYSE:SOL)announced that it will report its unaudited financial results for the first quarter ended March 31, 2014 before U.S. markets open on May 29, 2014. ReneSola’s management will host an earnings conference call on May 29, 2014 at 8 am U.S. Eastern Time (8 pm Beijing/Hong Kong time). ReneSola Ltd. (ADR) (NYSE:SOL) net profit margin is -17.10% and weekly performance is -2.43%. On last trading day company shares ended up $2.41. Analysts mean target price for the company is $4.13. ReneSola Ltd. (ADR) (NYSE:SOL) distance from 50-day simple moving average (SMA50) is -26.46%.
On May 9, JinkoSolar Holding Co., Ltd. (NYSE:JKS) JinkoSolar announced that it will supply 35 MW of solar PV modules to Clenera, a clean energy finance and management firm, for the construction of the Avalon Solar Project. According to terms of the agreement, groundbreaking is expected to begin during the second quarter of 2014, with an anticipated completion date during the fourth quarter of 2014. Swinerton Renewable Energy will provide engineering, procurement, and construction services for the project. JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares fell -9.18% in last trading session and ended the day on $23.85. JKS Gross Margin is 20.30% and its return on assets is 1.90%. JinkoSolar Holding Co., Ltd. (NYSE:JKS) quarterly performance is -23.43%.
On May 14, 2014 Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE)announced that it will provide engineering, procurement and construction services to the Electricity Generating Authority of Thailand (EGAT) for a 5 MW solar power plant in Thailand as a member of a four-party Consortium (“Consortium”). Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares moved down -5.57% in last trading session and was closed at $2.88, while trading in range of $ 2.88 – $3.02. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) year to date (YTD) performance is -42.97%.
Canadian Solar Inc. (NASDAQ:CSIQ) announced its financial results for the first quarter ended March 31, 2014. Solar module shipments were 500 MW, compared to 621 MW in the fourth quarter of 2013 and to first quarter guidance in the range of 470 MW to 490 MW. Net revenue was $466.3 million, compared to $519.5 million in the fourth quarter of 2013 and to first quarter guidance in the range of $415 million to $430 million. Canadian Solar Inc. (NASDAQ:CSIQ) ended the last trading day at $25.32. Company weekly volatility is calculated as 6.25% and price to cash ratio as 6.07. Canadian Solar Inc. (NASDAQ:CSIQ) showed a negative weekly performance of -2.50%.
SolarCity Corp (NASDAQ:SCTY) shares are down on Thursday as companies across the solar energy sector are experiencing a decline in trading. SolarCity Corp (NASDAQ:SCTY) ended the last trading day at $51.25. Company weekly volatility is calculated as 6.28% and price to cash ratio as 8.18. SolarCity Corp (NASDAQ:SCTY)showed a negative weekly performance of -4.38%.
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