Trina Solar Limited (ADR) (NYSE:TSL) says it has raised $239.2m after expenses from offerings of debt and American Depositary Receipts, the Chinese company says in separate statements. Trina Solar Limited (ADR) (NYSE:TSL) net profit margin is -4.10% and weekly performance is 6.40%. On last trading day company shares ended up $11.81. Analysts mean target price for the company is $19.04. Trina Solar Limited (ADR) (NYSE:TSL) distance from 50-day simple moving average (SMA50) is -1.76%.
On June 12, ReneSola Ltd. (ADR) (NYSE:SOL) led the gains among Chinese solar-panel makers after saying it received an audit approval on its products from Dutch insurer Solar Insurance & Finance Bv. Renesola gained 8.7% to $2.62 per ADR. ReneSola Ltd. (ADR) (NYSE:SOL) shares advanced 0.79% in last trading session and ended the day on $2.56. Gross Margin is 6.80% and its return on assets is -11.40%. ReneSola Ltd. (ADR) (NYSE:SOL) quarterly performance is -32.63%.
SolarCity Corp (NASDAQ:SCTY) and REC Group, traded under the company name REC Solar ASA (RECSOL.OL), a leading global provider of energy solutions, on June 5 announced a supply agreement under which SolarCity will purchase a minimum of 100 MW and up to 240 MW of REC’s high quality, high-performing Peak Energy solar panels during a 12 month period beginning in Q4 2014. SolarCity, the U.S.’ largest solar power provider, plans to install the solar panels across its 15-state service territory. The solar panels are compatible with SolarCity’s Zep Solar mounting system—REC and Zep Solar entered into a technology licensing agreement earlier this year. SolarCity Corp (NASDAQ:SCTY) shares moved up 3.55% in last trading session and was closed at $52.45, while trading in range of $50.25 – $52.45. SolarCity Corp (NASDAQ:SCTY) year to date (YTD) performance is -7.69%.
Hanwha SolarOne Co., Ltd. (NASDAQ:HSOL) a top-10 global photovoltaic manufacturer of high-quality, cost-competitive solar modules, announced the completion of a 9.5 MWp delivery of high quality solar modules to Belgian headquartered solar company Ikaros Solar. The modules have been installed in a 3 MWp solar park in Hampshire and a 6.5 MWp in Oxfordshire, both UK. In January 2014, Hanwha SolarOne had already completed a 11.4 MWp delivery to a solar park realized by Ikaros in Norfolk County, UK. Hanwha Solarone Co Ltd (NASDAQ:HSOL) ended the last trading day at $2.35. Company weekly volatility is calculated as 4.65% and price to cash ratio as 1.39. Hanwha Solarone Co Ltd (NASDAQ:HSOL) showed a positive weekly performance of 2.35%.
June 4, 2014 — China Sunergy Co Ltd (NASDAQ:CSUN) a specialized solar cell and module manufacturer, announced that it has signed a 50 MW framework agreement with KosiFrankensolar for their Turkish projects. China Sunergy Co Ltd (NASDAQ:CSUN) net profit margin is -13.40% and weekly performance is -0.69%. On last trading day company shares ended up $2.89. Analysts mean target price for the company is $6.50. China Sunergy Co Ltd (NASDAQ:CSUN) distance from 50-day simple moving average (SMA50) is -18.81%.