SolarCity Corp (NASDAQ:SCTY) has been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the stock. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. SolarCity Corp (NASDAQ:SCTY) net profit margin is -24.70% and weekly performance is -4.30%. On last trading day company shares ended up $50.24. Analysts mean target price for the company is $74.89. SolarCity Corp (NASDAQ:SCTY) distance from 50-day simple moving average is -8.22%.
Korean solar module specialist Hanwha Solarone Co Ltd (NASDAQ:HSOL) announced at Intersolar Europe the signing yesterday of a memorandum of understanding (MoU) with Turkish solar power systems company Halk Enerji.
Hanwha Solarone Co Ltd (NASDAQ:HSOL) shares advanced 2.73% in last trading session and ended the day on $2.26. HSOL Gross Margin is -2.60% and its return on assets is -16.30%. Hanwha Solarone Co Ltd (NASDAQ:HSOL) quarterly performance is -37.57%.
Research analysts at Deutsche Bank lowered their price target on shares of Yingli Green Energy Hold. Co. (NYSE:YGE) from $8.00 to $6.00 in a report released on Wednesday. The firm currently has a “buy” rating on the stock.Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares moved up 0.70% in last trading session and was closed at $2.87, while trading in range of $2.83-$2.92. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) year to date performance is -43.17%.
China Sunergy Co Ltd (NASDAQ:CSUN) a specialized solar cell and module manufacturer, announced that it has signed a 50 MW framework agreement with KosiFrankensolar for their Turkish projects. China Sunergy Co Ltd (NASDAQ:CSUN) ended the last trading day at $2.91. Company weekly volatility is calculated as 7.91% and price to cash ratio as 1.43. China Sunergy Co Ltd (NASDAQ:CSUN) showed a negative weekly performance of -13.13%.
Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) predicts that the cost of building large scale solar PV plants could match the cost of coal-fired generation in China by 2016, a development that will “completely transform” the energy market in the world’s second biggest economy. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) net On last trading day company shares ended up $0.310.