Barclays initiated coverage on shares of JinkoSolar Holding Co. (NYSE:JKS) in a research report sent to investors on Monday morning,Analyst Ratings Network reports. The firm issued an overweight rating and a $51.00 price target on the stock. JinkoSolar Holding Co., Ltd. (NYSE:JKS) stock opened today at $29.90 and is currently trading at $28.46. The stock showed a negative weekly performance of -6.06%.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) announced that it has supplied 1 MW of solar panels to Grupo Neoenergia, one of Brazil’s largest energy companies and a pioneer in Brazilian solar project development. The panels will deliver clean electricity to Arena Pernambuco, the site of five 2014 FIFA World Cup™ matches. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) stock opened at $4.38, in current trading session and currently is at $4.22, by loosing -2.54%.The 52 week range of $1.90-$8.77. Company’s market capitalization is $660.79 million.
It has been a tough game for the Trina Solar Limited (ADR) (NYSE:TSL) and other solar power companies to hold their position in the Chinese solar market. But now the companies are witnessing the change where the demand for solar panels is getting better day by day, thus allowing the companies to rely on growth to regain profitability.Trina Solar Limited (ADR) (NYSE:TSL) stock is currently trading at $12.57.The EPS of the stock is -2.47. Company’s market capitalization is $1.00 billion.
Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) announced that it is aware of the Hong Kong Stock Exchange announcement made by Shunfeng Photovoltaic International Ltd. (“Shunfeng”) that the conditions precedent to the purported acquisition of 100% of the equity interests of Wuxi Suntech pursuant to the terms and conditions under the restructuring plan of Wuxi Suntech as approved by the Wuxi Intermediate People’s Court have been fulfilled, and as a result all of the equity interests of Wuxi Suntech shall be transferred to an affiliate of Shunfeng. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) stock opened the session at $0.31, and now is at $0.310. The 52 week range of the STPFQ stock remained $0.29-$1.93 and the day range was $0.29-$0.33.