New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 14, 2014
06:44 EDTCSUNChina Sunergy extends payment schedule of share transfer agreement
China Sunergy has entered into a supplemental agreement with China Electric Equipment Group Co., to extend the payment schedule under the share transfer agreement previously entered into by and between both parties for the sales of one subsidiary of the company, China Sunergy Shanghai Co., for a total consideration of approximately $37.7M. The total cash proceeds shall be paid in three installments. The company and CEEG reached the Supplemental Agreement to extend the payment schedule of the outstanding cash proceeds, with the second and third installments to be paid by August 31 and September 30, respectively.
News For CSUN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 26, 2014
08:50 EDTCSUNSolar module prices rose in China, says Northland
After conducting checks, Northland believes that solar module prices in China have risen further in the past week and a half. The firm reports that solar module prices rose to 57c-58c in the last week and a half, up from 55c-56c in early September. The firm identifies China Solar (CSIQ) and JA Solar (JASO) as its favorite names in the sector. It has Outperform ratings on both names.
September 23, 2014
13:27 EDTCSUNSolar names rally after analyst sees China hitting target
Shares of solar energy companies are climbing after research firm Canaccord issued a positive note on the sector. WHAT'S NEW: After touring parts of Asia, Canaccord analyst Josh Baribeau wrote that he continues to believe that the Asian solar market is "strong and poised to tighten." Following a slow start, China is likely to hit its "aggressive" goal of installing 13 gigawatts of solar energy systems this year, driven by its recent policy changes, Baribeau stated. Moreover, the country will probably be "a resilient" market in coming year, the analyst added. Other markets are also staying strong, and demand and prices for solar components are likely to tighten with supply growing at a limited rate, Baribeau believes. The analyst remains upbeat about Canadian Solar's (CSIQ) project pipeline, contending that the company has been more successful in making deals overseas than its Chinese peers. He raised his price target on the shares to $48 from $44 while keeping a Buy rating on the stock. Canadian Solar is based in Canada but has manufacturing facilities in China. PRICE ACTION: In mid-afternoon trading, Canadian Solar climbed 2.5% to $38.50. Among Chinese solar companies, JinkoSolar (JKS) rose 2% to $31, Trina Solar (TSL) gained 1.5% to $14, and China Sunergy (CSUN) advanced 1.5% to $3.10. Among American solar companies, First Solar (FSLR) gained 1% to $68 and SunPower (SPWR) rose 1% to $35.
September 19, 2014
07:03 EDTCSUNChina Sunergy CEO Zhifang Cai resigns, chairman Tingxiu Lu named CEO
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use