On June 27, The largest photovoltaic panel manufacturer in the U.S., First Solar, Inc. (NASDAQ:FSLR) received approval from the Overseas Private Investment Corporation (:OPIC), the U.S. government’s development finance institution and International Finance Corporation or IFC for a 141-megawatt AC solar project in northern Chile. Shares of First Solar were trading higher on the news, finally closing at $71.47 per share, up 1.84%. First Solar, Inc. (NASDAQ:FSLR) net profit margin is 11.60% and weekly performance is 3.63%. On last trading day company shares ended up $71.40. Analysts mean target price for the company is $65.87. First Solar, Inc. (NASDAQ:FSLR) distance from 50-day simple moving average (SMA50) is 9.49%.
On June 27, 2014, Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) hosted a press conference in Rio de Janeiro to announce the Company’s plans to leave a sustainable legacy in Brazil. These plans include becoming the first ever carbon neutral sponsor of the FIFA World Cup, and supplying 400 to 600 kW for a solar legacy project in Brazil that is expected to be among the largest solar energy systems in the country. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares advanced 1.89% in last trading session and ended the day on $3.78. YGE Gross Margin is 9.60% and its return on assets is -6.00%. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) quarterly performance is -13.10%.
On June 18, 2014, Lexmark International Inc (NYSE:LXK) announced that it will increase its cash tender offer price for all of the outstanding shares of Sweden-based ReadSoft (NASDAQ OMX: RSOF-B). The revised cash offer is SEK 43.00, a 7.4 percent increase from Lexmark’s original offer of SEK 40.05, for each Class A and Class B share of ReadSoft for a price of approximately $194 million, net of cash acquired.Lexmark International Inc (NYSE:LXK) shares moved up 1.64% in last trading session and was closed at $47.75, while trading in range of $46.56 – $47.77. Lexmark International Inc (NYSE:LXK)year to date (YTD) performance is 36.57%.
Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) ended the last trading day at $0.379.Company shares moved down -5.13% in last trading session, while trading in range of $0.35 – $0.410.
On May 28, LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) Solar looks to be emerging from difficulties, WantChinaTimes says. LDK Solar has received new bank loans and its cash and cash equivalents surged 92% year-over-year as of the end of the first quarter, China Business News reported, according to WantChinaTimes. Meanwhile, LDK has ramped up production since March, and the company appears to be “gradually emerging from its financial difficulties,” WantChinaTimes stated. However, the newspaper added that some analysts don;t think the company is out of the woods yet, the newspaper added. LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) shares moved down -7.97% in last trading session and was closed at $0.580, while trading in range of $0.55 – $0.63.