SolarCity Corp (NASDAQ:SCTY), the installer of rooftop power systems that lists Musk as its top shareholder and chairman, agreed to pay $200 million in stock to acquire a maker of high-performance solar panels. It plans to build a factory that will have at least a giga-watt of annual production capacity, the company said yesterday. SolarCity Corp (NASDAQ:SCTY) net profit margin is 19.70% and weekly performance is 27.55%. On last trading day company shares ended up $70.00. Analysts mean target price for the company is $82.38. SolarCity Corp (NASDAQ:SCTY) distance from 50-day simple moving average is 29.50%.
Kandi Technologies Group (Nasdaq: KNDI) celebrated the establishment of the nation’s first pure EV pilot community at the Kandi pure EV (Electric Vehicle) launching ceremony held at Zhuantang Xiangshan International Plaza in the Lake District of Hangzhou. To date, more than 700 Zhuantang district residents have registered for the EV long-term group leasing program. Kandi Technologies Group Inc (NASDAQ:KNDI) shares fell -1.06% in last trading session and ended the day on $13.09. KNDI Gross Margin is 19.30% and its return on assets is 14.80%. Kandi Technologies Group Inc (NASDAQ:KNDI) quarterly performance is -25.63%.
Analysts at Morgan Stanley raised their price target on shares of Meritor from $12.00 to $15.00 in a research note on Wednesday, May 28th. They now have a “positive” rating on the stock. Meritor Inc (NYSE:MTOR) shares moved down -13.09% in last trading session and was closed at $12.68, while trading in range of $12.60-$13.15. Meritor Inc (NYSE:MTOR) year to date performance is 21.57%.
BioAmber Inc. (NYSE: BIOA), an industrial biotechnology company producing sustainable chemicals, announced that its Canadian subsidiary BioAmber Sarnia Inc., a joint venture with Mitsui & Co., has secured a CAD$20 million commercial loan from a financial consortium led by Export Development Canada and including Farm Credit Canada and Comerica Bank. Bioamber Inc (NYSE:BIOA) ended the last trading day at $10.44. Company weekly volatility is calculated as 5.26% and price to cash ratio as 2.66. Bioamber Inc (NYSE:BIOA) showed a positive weekly performance of 8.41%.
Chinese PV manufacturer LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) on 27 May has secured a RMB2 billion (US$320 million) loan from a consortium of investors led by the China Development Bank. According to a Bloomberg report, the manufacturer will use RMB400 million (US$64 million) of the money for a new polysilicon project and the remainder to boost cash reserves. LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) On last trading day company shares ended up $0.630.
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