Why Need to watch: Canadian Solar (NASDAQ:CSIQ), Hanwha Solarone Co (NASDAQ:HSOL), ReneSola Ltd. (NYSE:SOL), First Solar (NASDAQ:FSLR)

On April 22 2014, Canadian Solar Inc. (NASDAQ:CSIQ) one of the world’s largest solar power companies, announced that it has been awarded a module supply agreement to provide 43MW of photovoltaic (“PV”) modules to the second largest solar power plant project in Japan.   Canadian Solar Inc. (NASDAQ:CSIQ) shares after opening at $29.90 moved to $30.30 on last trade day and at the end of the day closed at $29.21. Company price to sales ratio in past twelve months was calculated as 0.96 and price to cash ratio as 6.94. Canadian Solar Inc. (NASDAQ:CSIQ) showed a positive weekly performance of 16.05%.

Hanwha SolarOne Co. Ltd. (Shanghai) has announced that Chairman and CEO Ki-Joon Hong has retired from the company. Hanwha SolarOne expects to announce a replacement by the end of April 2014. Hanwha Solarone Co Ltd (NASDAQ:HSOL) shares fell -0.35% in last trading session and ended the day on $2.83. HSOL return on equity ratio is recorded as -64.00% and its return on assets is -16.30%. Hanwha Solarone Co Ltd (NASDAQ:HSOL) yearly performance is 185.86%.

ReneSola Ltd. (ADR) (NYSE:SOL) is now under higher pressure as industry leader Trina Solar has announced first quarter shipment cuts and guidance too for the next quarter being not as encouraging. ReneSola Ltd. (ADR) (NYSE:SOL) shares moved down -2.52% in last trading session and was closed at $3.09, while trading in range of $3.06-$3.18. ReneSola Ltd. (ADR) (NYSE:SOL) year to date performance is -10.43%.

Research analysts at Brean Capital initiated coverage on shares of First Solar (NASDAQ:FSLR) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock. First Solar, Inc. (NASDAQ:FSLR) weekly performance is 5.50%. On last trading day company shares ended up $70.04. First Solar, Inc. (NASDAQ:FSLR) distance from 50-day simple moving average is 12.39%. Analysts mean target price for the company is $62.29.