Youku Tudou Inc (ADR) (NYSE:YOKU)’s stock gained 7.55% to $33.19. The company on Feb. 27 announced its unaudited financial results for fourth quarter and fiscal year 2013. Net revenues were RMB901.3 million (US$148.9 million) in the fourth quarter of 2013, a 42% increase from the corresponding period in 2012 and exceeding the high end of the net revenues guidance previously announced by the Company. Net loss was RMB24.6 million (US$4.1 million)in the fourth quarter of 2013, a decrease of 78% compared to RMB113.6 million (US$18.8 million) for the corresponding period in 2012. Non-GAAP net profit was RMB44.2 million (US$7.3 million) in the fourth quarter of 2013, as compared to a non-GAAP net loss of RMB62.3 million (US$10.3 million) for the corresponding period in 2012.Youku Tudou Inc (ADR) (NYSE:YOKU) stock opened at $35.41 in last session, and closed at $32.75, while the day range of YOKU stock is $32.20-$35.60. The stock showed a negative weekly performance of -3.45%.
Venturing into Middle East: Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) announced its largest supply agreement to supply in Israel and Middle east, by which the company will be supplying 27.5 MW of multicrystalline PV modules through its YGE72 Cell NH series, between February and April 2014. The company plans to occupy more than one million sq. meters of land in Israel. This supply is made through its distribution partner Ledico Ltd, in Israel and has been designated by National Infrastructure Project, and under the supervision of Israeli Public Utilities Authority. The company foresee huge potential of 340 MW of PV capacity by 2014. The company plans to work with leading solar companies to explore the solar resources in the Middle East region, in the near future. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) stock opened at $6.80, in last session and closed at $6.38, by loosed -5.62%. The 52 week range was $1.62-$8.77. Company’s market capitalization is $999.01 million.
Industry leader 3D Systems Corporation (NYSE:DDD) is down more than 4% yesterday, slipping nearly three dollars as of 1 PM ET to trade around $64.50. 3D Systems Corporation (NYSE:DDD) stock loosed -5.07% and finished the last session at $63.90. The EPS of the stock remained 0.46. Company’s market capitalization is $6.57 billion.
Trina Solar Limited (ADR) (NYSE:TSL) has been soaring in the market after reporting impressive fourth quarter earnings that saw its revenue surge as compared to the fourth quarter of 2012. Its stock jumped even further last week after Cowen raised their earnings estimates amidst prospects of strong growth in the current fiscal year. Trina Solar is expected to benefit from higher shipments in the year as well as lower operating expenses which should result in better earnings for the year.Trina Solar Limited (ADR) (NYSE:TSL) stock opened the session at $17.89, and closed the session at $17.10. The 52 week range of the TSL stock remained $3.31-$18.77 and the day range was $16.80-$18.20.