Canadian Solar Inc. (NASDAQ:CSIQ) raises fund to support development of pipeline projects and take the advantage of increasing opportunities. The Company has flexible balance sheet with strong cash flow position which help the Company to fund late-stage solar projects. As of December 31, 2013, Canadian Solar has a cash balance of $679.4 million and external borrowings of $201.9 million only for utility-scale solar power projects. It includes both short-term borrowings and log-term debt. Canadian Solar Inc. (NASDAQ:CSIQ) stock opened today at $25.75 and is currently trading at $26.41.The stock showed a negative weekly performance of -17.68%.
Mar 19,2014 Kandi Technologies Group Inc (NASDAQ:KNDI), announced that it has entered into a securities purchase agreement with two institutional investors for a registered direct placement of approximately $11,053,440 of common stock at a price of $18.24 per share. The Company will issue a total of 606,000 shares to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants for the purchase of up to 90,900 shares of common stock at an exercise price of $22.80 per share, which warrants have a term of 18 months from the date of issuance. Kandi Technologies Group Inc (NASDAQ:KNDI) stock opened at $12.22, in current trading session and currently is at $12.43, by loosing -2.43%.The 52 week range of $3.55-$22.40. Company’s market capitalization is $489.91 million.
SolarCity Corp (NASDAQ:SCTY) presently has an average rating of Buy from eleven brokerages that cover the stock. Currently, two analysts have a Hold rating on SolarCity. The solar company has an average 12-month price target of $76.00. SolarCity Corp (NASDAQ:SCTY) stock is currently trading at $55.43.The EPS of the stock is -0.74. Company’s market capitalization is $5.05 billion.
On Apr 08, 2014, Hanwha Solarone Co Ltd (NASDAQ:HSOL) , a top-10 global photovoltaic manufacturer of high-quality, cost-competitive solar modules, announced that, it will showcase polycrystalline modules from its latest generation HSL series at the solar energy and technology fair Solarex Istanbul, which will take place from April 10 – 12 in Istanbul, Turkey. Hanwha Solarone Co Ltd (NASDAQ:HSOL) stock opened the session at $2.52, and now is at $2.59. The 52 week range of the HSOL stock remained $0.91-$5.70 and the day range was $2.52-$2.64.