Canadian Solar Inc. (NASDAQ:CSIQ), one of the world’s largest solar power companies, today announced a partnership with IKEA Australia, a globally celebrated leader of the retail industry. Canadian Solar Inc. (NASDAQ:CSIQ) net profit margin is 1.90% and weekly performance is -1.17% .On last trading day company shares ended up $26.93. Analysts mean target price for the company is $48.29. Canadian Solar Inc. (NASDAQ:CSIQ distance from 50-day simple moving average (SMA50) is -12.64%
The newly formed consortium comprises Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE)., the Company’s holding subsidiary; HYDROCHINA International Engineering Co., Ltd., a subsidiary of the Power Construction Corporation of China (POWERCHINA); Hebei Electric Power Design & Research Institute; and Thailand’s Wattanasuk Engineering Co., Ltd. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares advanced 0.66% in last trading session and ended the day on $3.05. YGE Gross Margin is 10.90% and its return on assets is -6.90%. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) quarterly performance is -48.31%
Antoun Georges, who is Chief Operating Officer at First Solar, Inc. (NASDAQ:FSLR), sold 19,958 shares at $65.03 on May 9, 2014. Following this transaction, the Chief Operating Officer owned 0 shares. First Solar, Inc. (NASDAQ:FSLR) shares moved down -1.84% in last trading session and was closed at $61.89, while trading in range of $61.70 – $63.49. First Solar, Inc. (NASDAQ:FSLR) year to date (YTD) performance is 13.27%
The news of the raised guidance has been received positively by investors after two other Chinese solar companies, Yingli Green Energy Hold. Co. Ltd. (ADR) (YGE) and Trina Solar Limited (ADR) (NYSE:TSL previously warned of a decline in solar cell shipments last month during their first-quarter financial results. Trina Solar Limited (ADR) (NYSE:TSL) ended the last trading day at $11.18. Company weekly volatility is calculated as 5.44% and price to cash ratio as 1.64. Trina Solar Limited (ADR) (NYSE:TSL showed a positive weekly performance of 4.29%
Suntech Power Holdings Co., Ltd. (OTCBB: 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 creditorsSuntech Power Holdings Co., Ltd. (ADR) (OTCMKTS: STPFQ) on last trading day company shares ended up $0.305.