SolarCity is driving a boom in U.S. rooftop solar energy by leasing systems that carry little to no upfront costs. It has more than 110,000 customers and expects to install as much as 1 gigawatt this year, using panels it buys from other companies, mostly in China. The company sees annual demand eventually reaching “tens of gigawatts” and needs more control over its supply chain, Musk said on a conference call. SolarCity Corp (NASDAQ:SCTY) On last trading day company shares ended up $69.01.
JA Solar Holdings Co., Ltd. (Nasdaq:JASO) launched mass production of its PERCIUM solar cell on June 20th. The PERCIUM solar cell, the first P-TYPE solar cell in industry that surpasses a conversion efficiency of 20%, has reached an average conversion efficiency of 20.4%. The 6×10 PERCIUM cells module, which has reached an average power rating of 285W, is expected to be put into mass production one week later. The preparation for mass production has taken only three months since the new product release early this year and the module is expected to reach an average power rating of 290W by the end of the year.JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) shares advanced 2.31% in last trading session and ended the day on $10.61. JASO Gross Margin is 12.30% and its return on assets is -1.00%. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) quarterly performance is 10.29%.
Credit Suisse assumed coverage on shares of JinkoSolar Holding Co. (NYSE:JKS) in a report issued on Friday. The firm issued an outperform rating and a $45.00 target price on the stock.JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares moved down 2.44% in last trading session and was closed at $29.84, while trading in range of $28.78-$30.00. JinkoSolar Holding Co., Ltd. (NYSE:JKS) year to date performance is 1.84%.
On Jun 12, 2014 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 $2.65. Company weekly volatility is calculated as 6.32% and price to cash ratio as 1.32. Hanwha Solarone Co Ltd (NASDAQ:HSOL) showed a negative weekly performance of -0.75%.
Chinese PV manufacturer LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) 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 $0.660.