Solar City Corp (NASDAQ:SCTY) is $5.6 billion company that provides solar energy solutions through the production and sale or lease solar panels to residential and commercial customers. The company also distributes electricity from solar energy systems.The company intends to provide its customers with solar energy storage systems to enable them keep excess solar power for future use. Therefore, the company plans to supply its customers with batteries. However, the move can be seen generating more heat than light as utility operators are up in arms. Utilities claim that Solar City’s plan could kill their business as energy consumers are likely to abandon the grid. Solar City Corp (NASDAQ:SCTY) shares after opening at $6.10 moved to $6.25 on last trade day and at the end of the day closed at $58.32. Company price to sales ratio in past twelve months was calculated as 32.58 and price to cash ratio as 9.25. Solar City Corp (NASDAQ:SCTY) showed a positive weekly performance of 3.94%.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) company on Apr. 23 announced that it intends to offer, subject to market and other conditions, 25 million American Depositary Shares (“ADSs”), each representing one ordinary share of the Company, in an underwritten registered public offering. Yingli Green Energy intends to grant the underwriters an option to purchase up to 3.75 million additional ADSs to cover over-allotment. Yingli Green Energy intends to use approximately 50% to 60% of the net proceeds from this offering for downstream expansion and use the remaining portion of the net proceeds for other general corporate purpose. Yingli Green Energy Hold. Co. Ltd. (ADR)(NYSE:YGE) shares fell -2.54% in last trading session and ended the day on $4.22. YGE return on equity ratio is recorded as -17.30% and its return on assets is -2.80%. Yingli Green Energy Hold. Co. Ltd. (ADR)(NYSE:YGE) yearly performance is 149.87%.
Trina Solar Limited (ADR)(NYSE:TSL) announced two of its PV power plants in the United Kingdom have successfully completed connection to the grid. The company is an investor in and sole project developer for these projects, which have a total capacity of 23.77 MW. Trina Solar Limited (ADR)(NYSE:TSL) shares moved up 2.74% in last trading session and was closed at $13.13, while trading in range of $ 12.39 – 13.30 . Trina Solar Limited (ADR)(NYSE:TSL) year to date (YTD) performance is -3.95
Hanwha Solarone Co Ltd (NASDAQ:HSOL) recently announced that Chairman and CEO Ki-Joon Hong has retired from the company. Hanwha SolarOne expects to announce a replacement by the end of April 2014. Hanwha Solarone Co Ltd (NASDAQ:HSOL) weekly performance is 9.02%. On last trading day company shares ended up $2.90. Hanwha Solarone Co Ltd (NASDAQ:HSOL) distance from 50-day simple moving average (SMA50) is -5.17%. Analysts mean target price for the company is $5.00.