Tag: Suntech Power Holdings

  • Solar Stocks in News: JinkoSolar Holding (NYSE:JKS), Yingli Green Energy Hold. (NYSE:YGE), Suntech Power Holdings (OTCMKTS:STPFQ), LDK Solar (OTCMKTS:LDKSY)

    JinkoSolar Holding Co., Ltd. (NYSE:JKS), a global leader in the solar PV industry, on 18 April announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2013 with the Securities and Exchange Commission on April 18, 2014. JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares after opening at $29.36 moved to $30.40 on last trade day and at the end of the day closed at $29.52. Company price to sales ratio in past twelve months was calculated as 0.80 and price to cash ratio as 4.76. JinkoSolar Holding Co., Ltd. (NYSE:JKS) showed a positive weekly performance of 8.85%.

    Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) reported on 25 April that its follow-on public offering, of 25 million American Depositary Shares (ADSs), will be priced at $3.50 per ADS. Underwriters will have a 30-day option to purchase up to 3.75 million ADSs, in the event that there are over-allotments that need to be covered. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares fell -12.80% in last trading session and ended the day on $3.68. YGE return on equity ratio is recorded as -154.00% and its return on assets is -6.90%. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) yearly performance is 62.83%.

    Suntech Power Holdings Co., Ltd. (OTCMKTS:STPFQ) on 18 march announced that, following the January 27, 2014 judgment from the High Court of the Republic of Singapore ordering Suntech Power Investment Pte., Ltd. (“Suntech Singapore”) to pay to Suntech’s subsidiary, Power Solar System Co., Ltd. (in liquidation) (“PSS”), approximately US$263.9 million (the “Judgment Debt”), on February 20, 2014, the Liquidator of PSS issued a statutory demand against Suntech Singapore for the Judgment Debt. Suntech Singapore was required to repay the Judgment Debt by March 13, 2014, but it has failed to do so. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) shares moved up 1.54% in last trading session and was closed at $0.330, while trading in range of $0.32 – $0.33.

    LDK Solar Co., Ltd. (OTCMKTS:LDKSY) in provisional liquidation and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced that its Chinese subsidiary, Jiangxi LDK Solar Hi-Tech Co., Ltd. (“Jiangxi LDK Solar”), has signed a wafer supply agreement with Solartech Energy Corporation, a Taiwanese company listed on the Taiwan exchange with solar collection manufacturing operations. On last trading day company shares ended up $0.430.