First Solar, Inc. (NASDAQ:FSLR) a Phoenix area company, which developed and built the plant, last month sold it for an undisclosed amount to Southern Power, an Atlanta company which owns several electric utilities, and Atlanta businessman Ted Turner’s Turner Renewable Energy. First Solar continues to operate and maintain the plant. First Solar, Inc. (NASDAQ:FSLR) net profit margin is 11.60% and weekly performance is 6.84%. On last trading day company shares ended up $66.85. Analysts mean target price for the company is $65.87. First Solar, Inc. (NASDAQ:FSLR) distance from 50-day simple moving average (SMA50) is 2.48%.
For the second year in a row, SolarCity Corp (NASDAQ:SCTY) was ranked No. 1 in Phoenix Business Journal’s annual Solar Installers list, which was published on 13 June. The list was ranked by kilowatts installed in 2013 in Maricopa and Pinal counties. SolarCity reported 42,486 kilowatts, up from 23,448 in 2012. SolarCity Corp (NASDAQ:SCTY) shares advanced 4.63% in last trading session and ended the day on $54.88. SCTY gross Margin is 23.60% and its return on assets is -1.70%.SolarCity Corp (NASDAQ:SCTY) quarterly performance is -25.54%.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is expected to report its Q1 report in Tuesday’s pre-market, and analysts polled by Capital IQ expect Yingli to report a loss of $0.30 per share on revenue of $421 million. In April, Yingli reported preliminary Q1 results, disclosing a drop in photovoltaic module shipments. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares moved up 6.67% in last trading session and was closed at $3.52, while trading in range of $3.33 – $3.52. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) year to date (YTD) performance is -30.30%.
ReneSola Ltd (ADR) (NYSE:SOL) a leading brand and technology provider of solar photovoltaic (“PV”) products, on 11 June announced it has forged a partnership with SolarMax, a Swiss solar inverter and system monitor manufacturer, and has completed the first order of SolarMax inverters to be delivered to Black Rock Solar. ReneSola Ltd. (ADR) (NYSE:SOL) ended the last trading day at $2.67. Company weekly volatility is calculated as 6.02% and price to cash ratio as 3.13.ReneSola Ltd. (ADR) (NYSE:SOL) showed a positive weekly performance of 15.58%.
Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) on 14 may announced that the administrator of Suntech Power International Ltd. (“SPI”), the Company’s principal operating subsidiary in Europe, has called for a meeting of the creditors of SPI on June 10, 2014 to consider a proposed dividend agreement to resolve the claims of SPI’s creditors. Under Swiss law, such agreement would be approved if either the majority of creditors by number representing two-thirds of the claim amounts or one-fourth of creditors by number representing at least three-fourths of the claim amounts consent to such agreement. In the event SPI’s creditors approve the agreement, such agreement is also subject to final approval by the court in Schaffhausen, Switzerland. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) shares fell -10.00% in last trading session and ended the day on $0.378.