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Stock Market & Financial Investment News

News Breaks
April 28, 2014
07:06 EDTJKSJinkoSolar signs 21.09MW solar PV module supply agreement in China
JinkoSolar Holding announced that it has signed a 21.09MW solar PV module supply agreement with Nan Xin Solar, a subsidiary of China Southern Power Grid, for a distributed roof-top project located in Foshan, Guangdong Province. Located in San Shui Park, Foshan Hi-tech Industrial Development Zone, the project will be using 84859 JinkoSolar high-efficiency modules. Delivery is expected to begin in May. Nan Xin Solar is the owner and investor for the project.
News For JKS From The Last 14 Days
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September 30, 2014
07:03 EDTJKSJinkoSolar to supply 500KW of solar PV modules to project in Turkey
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September 23, 2014
13:27 EDTJKSSolar 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.

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