LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, today provided additional information on its request for a review of the decision made on March 31, 2014 by the staff of NYSE Regulation, Inc. (“NYSE Regulation”) to suspend trading of the Company’s American depositary shares (“ADSs”) on the New York Stock Exchange (the “NYSE”) and to mence delisting proceedings. LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) shares after opening at $0.45 moved to $0.60 on last trade day and at the end of the day closed at $0.540.
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) announced that it is aware of the Hong Kong Stock Exchange announcement made by Shunfeng Photovoltaic International Ltd. (“Shunfeng”) that the conditions precedent to the purported acquisition of 100% of the equity interests of Wuxi Suntech pursuant to the terms and conditions under the restructuring plan of Wuxi Suntech as approved by the Wuxi Intermediate People’s Court have been fulfilled, and as a result all of the equity interests of Wuxi Suntech shall be transferred to an affiliate of Shunfeng. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) shares fell -1.93% in last trading session and ended the day on $0.305.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) the largest vertically integrated photovoltaic (“PV”) module manufacturer in the world, known as “Yingli Solar,” announced that its wholly-owned subsidiary, Yingli Energy (China) Company Limited (“Yingli China,”) has entered into a framework agreement with United Photovoltaic Group Limited (“United PV”) for the acquisition of China-based solar PV plants to be developed and constructed by Yingli Green Energy. United PV is a company listed on the Main Board of Hong Kong Stock Exchange. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares moved down -1.09% in last trading session and was closed at $4.14, while trading in range of $4.05-$4.25. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) year to date performance is -18.02%.
SunPower Corporation (NASDAQ:SPWR) installed 149 kilowatt solar power system on the rooftop of stores and warehouses of Watershed Premium Wines (Watershed) In Australia. Watershed expects to reduce electricity use by 30% and saves AU$79,000 per year from solar installation. SunPower Corporation (NASDAQ:SPWR) weekly performance is -5.39%. On last trading day company shares ended up $26.53. SunPower Corporation (NASDAQ:SPWR) distance from 50-day simple moving average is -17.21%. Analysts mean target price for the company is $34.31.