Sony Corp (ADR) (NYSE:SNE), recently announced joint ventures that will help take sales of PlayStation 4 to China. The country recently lifted ban on game consoles and Sony and Microsoft Corporation (NASDAQ:MSFT) are severally looking forward to big sales opportunity in the Asian nation. Sony Corp (ADR) (NYSE:SNE), net profit margin is -1.60% and weekly performance is 1.12%. On last trading day company shares ended up $16.29. Analysts mean target price for the company is $21.51. Sony Corp (ADR) (NYSE:SNE), distance from 50-day simple moving average (SMA50) is -8.36%.
On May 27, 2014, JinkoSolar Holding Co., Ltd. (NYSE:JKS), a global leader in the solar PV industry, announced its unaudited financial results for the first quarter ended March 31, 2014. Total solar product shipments were 581.2 megawatts (“MW”), consisting of 455.1 MW of solar modules, 92.1 MW of silicon wafers and 34.0 MW of solar cells. This represents a decrease of 0.9% from 586.3 MW in the fourth quarter of 2013 and an increase of 71.6% from 338.6 MW in the first quarter of 2013. Total revenues were RMB2.0 billion (US$323.9 million), representing a decrease of 8.0% from the fourth quarter of 2013 and an increase of 73.1% from the first quarter of 2013. JinkoSolar Holding Co., Ltd. (NYSE:JKS), advanced 0.61% in last trading session and ended the day on $28.20. JKS, Gross Margin is 22.40% and its return on assets is 3.10%. JinkoSolar Holding Co., Ltd. (NYSE:JKS), quarterly performance is -8.20%.
On May 20, 2014, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), a leading manufacturer of high-performance solar power products, announced that it will hold its annual general meeting of shareholders (“AGM”) on Monday, June 30, 2014, at 10:30 a.m., Beijing Time, at its headquarters at No. 36, Jiang Chang San Road, Zhabei, Shanghai, the People’s Republic of China. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), shares moved up 1.21% in last trading session and was closed at $10.07, while trading in range of $9.85 – 10.25. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), year to date (YTD) performance is 9.81%.
On May 27, 2014, LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY), has been loaned 2 billion yuan ($321 million) by a consortium of 11 financial backers – led by China Development Bank – as the company seeks to regain its financial footing after defaulting on a matured bond in February. LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY), ended the last trading day at $0.550.
On May 27, 2014, Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ), predicts that the cost of building large scale solar PV plants could match the cost of coal-fired generation in China by 2016, a development that will “completely transform” the energy market in the world’s second biggest economy. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ), on last trading day company shares ended up $0.297.