ReneSola Ltd (NYSE:SOL), a leading brand and technology provider of solar photovoltaic products, today announced it has completed the sale of three utility-scale projects in Western China, with a total capacity of 60MW, to Jiangsu Akcome Solar Science & Technology Co., Ltd. ReneSola Ltd. (ADR) (NYSE:SOL) shares after opening at $3.47 moved to $3.48 on last trade day and at the end of the day closed at $3.45. Company price to sales ratio in past twelve months was calculated as 0.25 and price to cash ratio as 3.69. ReneSola Ltd. (ADR) (NYSE:SOL) showed a positive weekly performance of 2.37%.
The gross profit margin for Hanwha Solarone Co Ltd (NASDAQ:HSOL) is rather low; currently it is at 22.30%. Despite the low profit margin, it has increased significantly from the same period last year. Despite the mixed results of the gross profit margin, HSOL’s net profit margin of -2.57% significantly underperformed when compared to the industry average. Hanwha Solarone Co Ltd (NASDAQ:HSOL) shares advanced 0.99% in last trading session and ended the day on $3.07. HSOL return on equity ratio is recorded as -64.00% and its return on assets is -16.30%. Hanwha Solarone Co Ltd (NASDAQ:HSOL) yearly performance is 241.11%.
One stock that might be an intriguing choice for investors right now is Trina Solar Limited (NYSE:TSL). This is because this security in the solar space is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective. Trina Solar Limited (ADR) (NYSE:TSL) shares moved up 0.83% in last trading session and was closed at $14.63, while trading in range of $14.30 – $14.80. Trina Solar Limited (ADR) (NYSE:TSL) year to date (YTD) performance is 7.02%.
JinkoSolar Holding Co., Ltd. (NYSE:JKS) joined Chinese siblings in reporting inferior performance in the first quarter compared to the U.S. JinkoSolar Holding Co., Ltd. (NYSE:JKS) weekly performance is 19.67%. On last trading day company shares ended up $32.00. JinkoSolar Holding Co., Ltd. (NYSE:JKS) distance from 50-day simple moving average (SMA50) is 3.54%. Analysts mean target price for the company is $43.00.