SolarCity Corp (NASDAQ:SCTY), announced that it has acquired California based solar panel maker, Silevo. The acquisition of the solar panel maker will ultimately help SolarCity to build a gigantic solar power plant. SolarCity will likely employ Tesla Motor’s (NASDAQ:TSLA) TSLA +1.99%Gigafactory model to scale the company. Tesla’s founder Elon Musk happens to be one of the biggest shareholders and chairman of SolarCity. SolarCity Corp (NASDAQ:SCTY), net profit margin is -19.70% and weekly performance is 5.44%. On last trading day company shares ended up $68.04. Analysts mean target price for the company is $82.38. SolarCity Corp (NASDAQ:SCTY), distance from 50-day simple moving average (SMA50) is 25.19%.
Credit Suisse began coverage on shares of Trina Solar Limited (ADR) (NYSE:TSL), in a report issued on Monday. The firm issued a neutral rating on the stock.Trina Solar Limited (ADR) (NYSE:TSL), fell 5.31% in last trading session and ended the day on $12.13. TSL, Gross Margin is 15.60% and its return on assets is 0.70%. Trina Solar Limited (ADR) (NYSE:TSL), quarterly performance is -15.23%.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), declared that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited (“Yingli Singapore”), is supplying 12 MWp of solar modules to Gading Kencana Sdn Bhd., a leading solar energy company in Malaysia. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), shares moved down 7.29% in last trading session and was closed at $3.56, while trading in range of $3.51 – 3.93. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), year to date (YTD) performance is -29.50%.
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), saw unusually large options trading activity on Friday. Stock traders purchased 10,367 put options on the company, American Banking News.com reports. This is an increase of 352% compared to the average daily volume of 2,296 put options. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), ended the last trading day at $10.37. Company weekly volatility is calculated as 5.35% and price to cash ratio as 1.59. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), showed a negative weekly performance of 7.90%.
Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ), on 14 may announced that the administrator of Suntech Power International Ltd. (“SPI”), the Company’s principal operating subsidiary in Europe, has called for a meeting of the creditors of SPI on June 10, 2014 to consider a proposed dividend agreement to resolve the claims of SPI’s creditors. Under Swiss law, such agreement would be approved if either the majority of creditors by number representing two-thirds of the claim amounts or one-fourth of creditors by number representing at least three-fourths of the claim amounts consent to such agreement. In the event SPI’s creditors approve the agreement, such agreement is also subject to final approval by the court in Schaffhausen, Switzerland. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ), on last trading day company shares ended up $0.425.