A residual trust representing Solyndra, the failed government-backed solar panel maker, argued Tuesday in bankruptcy court that Sun tech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) should not be allowed to proceed with its Chapter 15 case in New York, saying the venue selection was “engineered” by note holders. John A. Morris of Pachulski Stang Ziehl & Jones LLP, representing the Solyndra Residual Trust, argued before U.S. Bankruptcy Judge Stuart M. Bernstein that the Sunt ech proceeding has nothing substantial to link it to New York. Sun tech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) shares after opening at $0.33 moved to $0.33 on last trade day and at the end of the day closed at $0.325.
Equities researchers at Northland Securities began coverage on shares of JA Solar Holdings Co. (NASDAQ:JASO) in a research report issued on Tuesday, The Fly OnTheWall.com reports. The firm set an “outperform” rating and a $19.00 price target on the stock. Northland Securities’ price target points to a potential upside of 71.33% from the stock’s previous close. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) shares fell -4.42% in last trading session and ended the day on $10.60. JASO return on equity ratio is recorded as -25.90% and its return on assets is -9.60%. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) yearly performance is 199.44%.
Jinko Solar Holding Co., Ltd. (NYSE:JKS) has received $39 million from China Development Bank (CDB) to finance two PV solar projects in Xinjiang and Gansu provinces in China. Jinko Solar Holding Co., Ltd. (NYSE:JKS) shares moved down -3.66% in last trading session and was closed at $30.83, while trading in range of $ 30.45 – 32.92. Jinko Solar Holding Co., Ltd. (NYSE:JKS) year to date (YTD) performance is 5.22%.
First Solar, Inc. (NASDAQ:FSLR), the top thin-film solar module manufacturer in the US, announced a three-year plan that would include, among other objectives, achieving efficiency in its cadmium telluride (CdTe) thin-film panels as much as 15.8% by 4Q 2015, up to 18.4% in 2016, and to a maximum of 19.6% in 2017. First Solar, Inc. (NASDAQ:FSLR) weekly performance is -1.85%. On last trading day company shares ended up $68.46. First Solar, Inc. (NASDAQ:FSLR) distance from 50-day simple moving average (SMA50) is 19.61%. Analysts mean target price for the company is $59.27.
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