Wuxi Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) 3 billion yuan ($519 million) acquisition by Shunfeng Photovoltaic International paves the way for the company to rejoin the ranks of the largest solar manufacturers. Suntech confirmed the purchase in a statement on Monday. The Wuxi, China-based Company expects to ship at least 2.5 gigawatts of panels this year, exceeding the 2.1 gigawatts it delivered in 2011 that made it the world’s biggest supplier. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) after opening at $0.32 moved to $0.32 on last trade day and at the end of the day closed at $0.314.
Yingli Green Energy Holding Company Limited (NYSE:YGE) (“Yingli Green Energy” or the “Company”) announced that its follow-on public offering of 25 million American Depositary Shares (“ADSs”), each representing one ordinary share of the Company, was closed on April 30, 2014. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares fell -4.00% in last trading session and ended the day on $3.12. YGE return on equity ratio is recorded as -154.00% and its return on assets is -6.90%. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) yearly performance is 37.44%.
A subsidiary of LDK Solar Co. Ltd. (ADR) (OTCMKTS:LDKSY) has signed an agreement to supply 765 MW of silicon wafers to Solartech Energy Corp. (Gueishan, Taiwan) from May 2014 through April 2017. LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) shares moved down -2.38% in last trading session and was closed at $0.410, while trading in range of $0.40 – $0.47.
Carrier has teamed up with SolarCity (NASDAQ:SCTY) to offer a unique solution that can significantly reduce a homeowner’s energy costs. Effective immediately, Carrier-trained technicians and comfort consultants will be able to offer SolarCity services to Carrier customers. SolarCity Corp (NASDAQ:SCTY) weekly performance is 4.86%. On last trading day company shares ended up $55.47. SolarCity Corp (NASDAQ:SCTY) distance from 50-day simple moving average (SMA50) is -16.05%. Analysts mean target price for the company is $75.22.
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