ReneSola Ltd (ADR) (NYSE:SOL) a leading brand and technology provider of solar photovoltaic (“PV”) products, announced that it will report its unaudited financial results for the first quarter ended March 31, 2014 before U.S. markets open on May 29, 2014. ReneSola Ltd. (ADR) (NYSE:SOL) net profit margin is -17.10% and weekly performance is -10.85%. On last trading day company shares ended up $2.30. Analysts mean target price for the company is $4.13. ReneSola Ltd. (ADR) (NYSE:SOL) distance from 50-day simple moving average (SMA50) is -27.56%.
Hanwha SolarOne Co. Ltd. (NASDAQ:HSOL), a top-10 global photovoltaic manufacturer of high-quality, cost-competitive solar modules, will showcase modules from its latest HSL Series – the HSL 60 Poly Hot Environment Module – alongside its best-seller – HSL 60 Poly which has recently passed the stringent Long-Term Sequential Test by TÜV Rheinland, and the HSL 60 Poly Smart Module – at the SNEC PV Power Expo 2014. Hanwha Solarone Co Ltd (NASDAQ:HSOL) shares fell -3.15% in last trading session and ended the day on $2.15. HSOL gross Margin is -2.60% and its return on assets is -16.30%.Hanwha Solarone Co Ltd (NASDAQ:HSOL) quarterly performance is -29.28%.
Recently, SunPower Corporation (NASDAQ:SPWR) announced that it will be joining with Google to provide upto $M n new financing for the residential solar installations. The latter will provide $100M & SPWR has now committed to around $150 million. These funds will be utilized to finance the installation of the residential rooftop systems that the company will lease back later to the homeowners. SunPower Corporation (NASDAQ:SPWR) shares moved down -3.48% in last trading session and was closed at $31.09, while trading in range of $30.80 – $32.15. SunPower Corporation (NASDAQ:SPWR) year to date (YTD) performance is 4.29%.
JA Solar Holdings Co. Ltd. (NASDAQ:JASO) announced a profit of 32 cents per American Depositary Share (ADS) in the first quarter of 2014, comfortably surpassing the Zacks Consensus Estimate of a profit of 8 cents by 300%. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) ended the last trading day at $9.27. Company weekly volatility is calculated as 5.81% and price to cash ratio as 1.31.JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) showed a negative weekly performance of -7.85%.
Suntech Power Holdings Co., Ltd. (OTCBB:STPFQ) announced that the administrator of Suntech Power International Ltd. (“SPI”), the Company’s principal operating subsidiary in Europe, has called for a meeting of the creditors of SPI on June 10, 2014 to consider a proposed dividend agreement to resolve the claims of SPI’s creditors. On last trading day company shares ended up $0.305.
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