Trina Solar Limited (ADR) (NYSE:TSL), announced it has received US$20.4 million from a customer in an arbitration settlement involving an outstanding account balance under a solar module purchase agreement. The arbitration panel determined that Trina Solar was entitled to US$20.4 million, which included the full amount of the outstanding accounts receivable of US$17.4 million sought by the Company, plus sales tax and accrued interests. Trina Solar Limited (ADR) (NYSE:TSL) shares after opening at $16.77 on last trade day and at the end of the day closed at $15.60. Company price to sales ratio in past twelve months was calculated as 0.71 and price to cash ratio as 2.47. Trina Solar Limited (ADR) (NYSE:TSL) showed a positive weekly performance of 2.23%.
Shares of SolarCity Corp (NASDAQ:SCTY) stock continue to be down and are currently lower by $4.33, or 6.23%, to 65.15. Earlier in the day, TheStreet’s Jim Cramer said the high growth and momentum names aren’t just getting sold on Friday, they are getting “annihilated,” as growth investors are rotating out of names such as SolarCity. TheStreet Ratings team rates SOLARCITY CORP as a Sell with a ratings score of D+. SolarCity Corp (NASDAQ:SCTY) shares fell -6.47% in last trading session and ended the day on $65.05. LNKD return on equity ratio is recorded as -29.00% and its return on assets is -4.00%. SolarCity Corp (NASDAQ:SCTY) yearly performance is 269.81%.
3D Systems Corporation (NYSE:DDD) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 3D Systems Corporation (NYSE:DDD) shares moved down -6.07% in last trading session and was closed at $56.81, while trading in range of $55.26 – $60.60. 3D Systems Corporation (NYSE:DDD) year to date (YTD) performance is -38.87%.
Sunedison Inc (NYSE:SUNE) is having a rough day on the market in light of its amended filings with Securities and Exchange Commission that reveal the company is selling $250 million in common stock in an impending initial public offering. The move signals that the company is inching closer to separating its semiconductor operations from its more lucrative solar operations. Sunedison Inc (NYSE:SUNE) weekly performance is 1.80%. On last trading day company shares ended up $20.33. Sunedison Inc (NYSE:SUNE) distance from 50-day simple moving average (SMA50) is 23.04%. Analysts mean target price for the company is $21.43.
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