First Solar, Inc. (NASDAQ:FSLR) said Tuesday it will acquire German operations and management firm Skytron Energy from AEG Power Solutions, expanding its power-plant control systems business. First Solar, Inc. (NASDAQ:FSLR) net profit margin is 11.60% and weekly performance is 1.78%. On last trading day company shares ended up $62.88. Analysts mean target price for the company is $65.87. First Solar, Inc. (NASDAQ:FSLR) distance from 50-day simple moving average is -4.77%.
Korean solar module specialist Hanwha Solarone Co Ltd (NASDAQ:HSOL) announced at Intersolar Europe the signing yesterday of a memorandum of understanding (MoU) with Turkish solar power systems company Halk Enerji.The 5 MW project is located in the eastern Turkey city of Erzurum and is the first PV project to be licensed in the country since the Turkish authorities began the first phase of its 600 MW tendering process in May.Hanwha Solarone Co Ltd (NASDAQ:HSOL) shares advanced 2.73% in last trading session and ended the day on $2.26. HSOL Gross Margin is -2.60% and its return on assets is -16.30%. Hanwha Solarone Co Ltd (NASDAQ:HSOL) quarterly performance is -37.57%.
Manufacturer of solar wafers and solar power products ReneSola Ltd. (ADR) (NYSE:SOL) announced that it has finalized orders of its Virtus II PV modules, which provides high efficiency, with GeoPeak Energy. The order announcement comes in the wake of the U.S. government slapping anti-dumping tariff against Chinese solar energy components.ReneSola Ltd. (ADR) (NYSE:SOL) shares moved up 0.45% in last trading session and was closed at $2.25, while trading in range of $2.23-$2.30. ReneSola Ltd. (ADR) (NYSE:SOL) year to date performance is -34.78%.
Research analysts at Deutsche Bank lowered their price target on shares of Yingli Green Energy Hold. Co. (NYSE:YGE) from $8.00 to $6.00 in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) ended the last trading day at $2.87. Company weekly volatility is calculated as 7.35% and price to cash ratio as 2.94. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) showed a negative weekly performance of -15.09%.
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. 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 $0.310.