China Sunergy Co Ltd (NASDAQ:CSUN) has signed a framework agreement for the supply of 50 MW of solar photovoltaic (PV) modules to the Turkish subsidiary of Frankensolar (Nuremburg, Germany). China Sunergy Co Ltd (NASDAQ:CSUN) net profit margin is -13.40% and weekly performance is -13.13%. On last trading day company shares ended up $2.91. Analysts mean target price for the company is $6.50. China Sunergy Co Ltd (NASDAQ:CSUN) distance from 50-day simple moving average is -21.65%.
TerraForm Power Inc, the solar power plant unit of Sunedison Inc (NYSE:SUNE) will file an initial public offering to raise the funds up to $50 million. TerraForm Power owns and operates some of the solar power plants of Sunedison. SUNE is the leading solar company of the US in year 2014. NRG Energy Inc (NYSE:NRG), the competitor of Sunedison also came up with an IPO for its holding unit last July. It changed the entire picture of NRC whose unit has gained more than 73% after it went public. Sunedison Inc (NYSE:SUNE) shares fell -3.16% in last trading session and ended the day on $19.62. SUNE Gross Margin is 6.80% and its return on assets is -18.60%. Sunedison Inc (NYSE:SUNE) quarterly performance is -7.06%.
In order to make the sustainability much more affordable, SolarCity Corp (NASDAQ:SCTY) and Groupon have made the first ever online offer for solar power system of its kind. Groupon will be engaged with the country’s largest solar power supplier, SolarCity, to offer solar power system in Groupon’s market. The deal will be available in hundreds of metro cities and towns.SolarCity Corp (NASDAQ:SCTY) shares moved down -1.10% in last trading session and was closed at $50.24, while trading in range of $49.60-$51.34. SolarCity Corp (NASDAQ:SCTY) year to date performance is -11.58%.
Trina Solar Limited (NYSE:TSL)‘s stock had its “sector perform” rating reaffirmed by RBC Capital in a research note issued on Thursday. They currently have a $15.00 target price on the stock, down from their previous target price of $18.00.Trina Solar Limited (ADR) (NYSE:TSL) ended the last trading day at $11.10. Company weekly volatility is calculated as 6.80% and price to cash ratio as 1.62. Trina Solar Limited (ADR) (NYSE:TSL) showed a negative weekly performance of -18.80%.
LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) has been loaned 2 billion yuan ($321 million) by a consortium of 11 financial backers – led by China Development Bank – as the company seeks to regain its financial footing after defaulting on a matured bond in February. LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) On last trading day company shares ended up $0.640.