Hanwha Solarone Co Ltd (NASDAQ:HSOL) new venture for solar production with the Wuxi New District Administrative Committee, opens new revenue doors for the floundering solar PV maker. The strategic plan will now allow Hanwha Solarone Co Ltd (NASDAQ:HSOL) to build, own and operate facilities spread across, the largely industrial district, solar energy to the tune of 100 MW. Besides, production the facilities will also explore distribution of the produced power back to the local grids. Hanwha Solarone Co Ltd (NASDAQ:HSOL) shares after opening at $2.90 moved to $2.99 on last trade day and at the end of the day closed at $2.86. Company price to sales ratio in past twelve months was calculated as 0.35 and price to cash ratio as 1.44. Hanwha Solarone Co Ltd (NASDAQ:HSOL) showed a negative weekly performance of -13.60%.
Raymond James forecasts lower per-watt margins through 2018 due to increasing competition in the solar market. But SolarCity Corp (NASDAQ:SCTY) will benefit from lower module prices and declining cost of capital. The benchmark spot module pricing is currently at $0.664 per watt, and has been declining for the eleventh consecutive week. Three months ago, the module prices averaged $0.696 per watt. This price correction isn’t really needle-moving, but it is faster than expected. SolarCity Corp (NASDAQ:SCTY) shares advanced 2.02% in last trading session and ended the day on $62.62. SCTY return on equity ratio is recorded as -29.00% and its return on assets is -4.00%. SolarCity Corp (NASDAQ:SCTY) yearly performance is 223.45%.
First Solar (NASDAQ:FSLR) was the recipient of a significant decline in short interest in January. As of March 14th, there was short interest totalling 10,604,930 shares, a decline of 18.6% from the February 28th total of 13,034,122 shares, StockRatingsNetwork.com reports. Currently, 14.6% of the shares of the stock are short sold. Based on an average trading volume of 3,235,336 shares, the days-to-cover ratio is currently 3.3 days. First Solar, Inc. (NASDAQ:FSLR) shares moved up 1.68% in last trading session and was closed at $69.79, while trading in range of $68.94-$70.49. First Solar, Inc. (NASDAQ:FSLR) year to date performance is 27.73%.
Bullish speculators have taken over Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) options pits during the past two weeks, buying to open 4,395 calls, compared to just 137 puts. The resulting 10-day ISE/CBOE/PHLX call/put volume ratio of 32.08 ranks in the 76th percentile of its 12-month range, signaling a higher-than-usual demand for long calls over long puts of late. Given that the shares have tacked on nearly 150% year-over-year to perch at $6.18, and 22.1% of the stock’s float is sold short, it is possible that some of this call activity is the work of short sellers hedging their bearish bets against continued upside. Now is an opportune time to purchase front-month options on Yingli Green Energy Hold. Co. Ltd., as the equity’s SVI of 83% ranks in the bottom 10% of its annual range.Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) weekly performance is -5.84%. On last trading day company shares ended up $4.35. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) distance from 50-day simple moving average is -26.08%. Analysts mean target price for the company is $6.64.