On May 21, 2014, The top 20 providers of solar photovoltaic modules, consisting of Trina Solar Limited (ADR) (NYSE:TSL), are guiding for a more than 30% increase in shipments in 2014, says NPD Solarbuzz. Besides Trina, other suppliers estimating the most aggressive growth consist of JinkoSolar Holding (JKS) and Canadian Solar (CSIQ), with the upper end of their outlook topping 40%, the NPD report added. The supplier estimating the maximum shipment volume in 2014 is Yingli Green Energy (YGE). Trina Solar Limited (ADR) (NYSE:TSL), net profit margin is -4.10% and weekly performance is 22.11%. On last trading day company shares ended up $12.87. Analysts mean target price for the company is $20.02. Trina Solar Limited (ADR) (NYSE:TSL), distance from 50-day simple moving average (SMA50) is 1.42%.
First Solar, Inc. (NASDAQ:FSLR), announced that it has sold the 50 megawatt (MW)AC Macho Springs Solar Power Plant to Southern Company subsidiary Southern Power and Turner Renewable Energy. El Paso Electric has a 20-year power purchase agreement (PPA) for all energy generated by the power plant. Terms of the deal were not disclosed. First Solar, Inc. (NASDAQ:FSLR), advanced 0.06% in last trading session and ended the day on $60.67. FSLR, Gross Margin is 26.50% and its return on assets is 6.00%. First Solar, Inc. (NASDAQ:FSLR), quarterly performance is 5.06%.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), the largest vertically integrated photovoltaic (“PV”) module manufacturer in the world, known as “Yingli Solar,” announced that it has begun trial production of monocrystalline silicon modules with N-type Metal-Wrap-Through (“N-MWT”) technology, by adopting equipment provided by Formula E s.r.l. (Formula E), a leading supplier of photovoltaic technology and automated manufacturing lines. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), shares moved up 0.90% in last trading session and was closed at $3.38, while trading in range of $3.25 – 3.41. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), year to date (YTD) performance is -33.07%.
On May 14, 2014, Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ), 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. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ), ended the last trading day at $0.303.
SolarCity Corp (NASDAQ:SCTY), has been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the stock, American Banking News reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $79.25. SolarCity Corp (NASDAQ:SCTY), net profit margin is -24.70% and weekly performance is 3.71%. On last trading day company shares ended up $52.05. Analysts mean target price for the company is $74.89. SolarCity Corp (NASDAQ:SCTY), distance from 50-day simple moving average (SMA50) is -10.39%.
Leave a Reply