PV manufacturer LDK Solar Co., Ltd (ADR)(NYSE:LDK) has agreed a two-week forbearance agreement with bondholders on overdue interest payments. The new expiry date is 27 February 2014. The payment was originally due on 28 August 2013. A series of extensions, originally 30 days at a time, have been agreed with the majority of noteholders. The interest is related to a US$280 million bond. LDK Solar Co., Ltd (ADR)(NYSE:LDK) stock opened at $1.10 in last trading session, and closed at $1.10, trading in the range of $1.10 – $1.12. The stock showed a positive weekly performance of 0.92%.
SolarCity Corp. (NASDAQ:SCTY) saw some unusual options trading on Friday. Stock investors acquired 15,894 put options on the stock, StockRatingsNetwork reports. This represents an increase of 100% compared to the typical volume of 7,938 put options. SolarCity Corp (NASDAQ:SCTY) shares closed at $74.00 on last trade day, by losing -2.46%. Stock 52 week range is $15.88 – $79.86. Company’s market capitalization is $6.15 billion.
Research analysts at UBS AG hoisted their price target on shares of SunPower Corp. (NASDAQ:SPWR) from $30.00 to $35.00 in a report released on Friday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target suggests a potential upside of 5.45% from the stock’s previous close. SunPower Corporation (NASDAQ:SPWR) stock decreased -1.66% and finished the last session at $32.64. The EPS of the stock remained 0.56. Company’s market capitalization is $5.33 billion.
Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) announces that the NYSE’s Committee for Review has upheld a decision previously made by NYSE Regulation to commence delisting proceedings of the Company’s American Depositary Shares. The Company expects a Form 25 (Notification of Removal from Listing and/or Registration) will be filed shortly with the SEC to delist the Company’s American Depositary Shares. As previously announced, trading of the Company’s American Depositary Shares has been suspended by the NYSE since November 11, 2013. Quotations of the Company’s American Depositary Shares have been, and the Company expects will continue to be, available on the OTC market under the symbol “STPFQ”. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) stock opened at $0.37 in last trading session and closed at $0.365. The 52 week range of the stock is $0.30 – $1.93 and the day range was $0.35 – $0.38.