SolarCity Corp (NASDAQ:SCTY) and REC Group, traded under the company name REC Solar ASA (RECSOL.OL), a leading global provider of energy solutions, on June 5 announced a supply agreement under which SolarCity will purchase a minimum of 100 MW and up to 240 MW of REC’s high quality, high-performing Peak Energy solar panels during a 12 month period beginning in Q4 2014. SolarCity, the U.S.’ largest solar power provider, plans to install the solar panels across its 15-state service territory. The solar panels are compatible with SolarCity’s Zep Solar mounting system—REC and Zep Solar entered into a technology licensing agreement earlier this year. SolarCity Corp (NASDAQ:SCTY) net profit margin is -19.70% and weekly performance is 4.42%. On last trading day company shares ended up $50.02. Analysts mean target price for the company is $80.50. SolarCity Corp (NASDAQ:SCTY) distance from 50-day simple moving average (SMA50) is -6.04%.
SunPower Corp. (NASDAQ:SPWR) announced that it has closed the previously announced private offering of $400 million aggregate principal amount of its 0.875 percent senior convertible debentures due 2021. SunPower Corporation (NASDAQ:SPWR) shares advanced 0.74% in last trading session and ended the day on $33.85. Gross Margin is 23.20% and its return on assets is 5.70%. SunPower Corporation (NASDAQ:SPWR) quarterly performance is 3.25%.
Sunedison Inc (NYSE:SUNE) Director Steven Vincent Tesoriere sold 6,000,000 shares of the company’s stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $19.43, for a total transaction of $116,580,000.00. Sunedison Inc (NYSE:SUNE) shares moved up 0.21% in last trading session and was closed at $19.30, while trading in range of $18.82 – $19.39. Sunedison Inc (NYSE:SUNE) year to date (YTD) performance is 47.89%.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) the largest vertically integrated photovoltaic (“PV”) module manufacturer in the world, known as “Yingli Solar,” plans to become the first ever carbon neutral sponsor of the FIFA World Cup. The Company plans to offset all carbon emissions arising from its promotional activities in Brazil as part of its mission to help make the 2014 FIFA World Cup Brazil the greenest in history.Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) ended the last trading day at $2.91. Company weekly volatility is calculated as 3.67% and price to cash ratio as 2.99. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) showed a positive weekly performance of 2.83%.
On June 4, Suntech Power Co. Ltd. (ADR) (OTCMKTS:STPFQ) and five of its affiliates received a preliminary subsidy rate of 35.21%. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) On last trading day company shares ended up $0.430 .