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August 5, 2014
13:45 EDTTSL, CSIQ, CSUN, JKSChina may implement new policies to encourage solar energy use, Bloomberg says
China may unveil policies as soon as this month to encourage businesses to install solar technology on roofs, according to Bloomberg. The policies would call for local planners to add more projects that would enable electricity to be distributed to nearby consumers, the news service reported, citing unnamed sources. Shares of Chinese solar energy companies are surging today, with Canadian Solar (CSIQ) jumping 5% to $25, JinkoSolar (JKS) climbing 6.5% to to $25.25, China Sunergy (CSUN) gaining 3.5% to $3, and Trina Solar (TSL) advancing 7% to $11.50. Reference Link
News For CSIQ;JKS;CSUN;TSL From The Last 14 Days
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October 7, 2015
13:01 EDTCSIQSunEdison has positive readthrough for yieldco exposed solars, says Roth Capital
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September 30, 2015
06:51 EDTJKSJinkoSolar reaches settlement in securities class action
JinkoSolar announced that it had agreed, subject to court approval, to settle the previously disclosed class action lawsuit brought in 2011 on behalf of all purchasers of JinkoSolar's American Depositary Shares between May 13, 2010 and September 20, 2011. The settlement, if approved, will also resolve all related claims against JinkoSolar's officers and directors as well as the underwriters involved in JinkoSolar's public offerings during the relevant period. Under the terms of the proposed settlement, the members of the proposed class will receive a settlement fund of $5.05 million, less any court-approved fees. JinkoSolar will contribute a portion of the settlement fund, and JinkoSolar's insurers will fund the remaining portion. JinkoSolar will not take any charge in connection with the settlement. The plaintiffs had alleged, among other things, that certain of JinkoSolar's filings with the SEC contained misrepresentations about the extent of its compliance with environmental regulations in China. JinkoSolar has denied, and continues to deny, the allegations and is entering into this settlement solely to eliminate the uncertainty, burden and expense of further protracted litigation. The proposed settlement will be reviewed by Judge J. Paul Oetken of the federal court in New York, where the lawsuit is pending.
September 28, 2015
06:53 EDTJKSJinkoSolar supplies 49.8 MW of PV modules for Mexico PV plant
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