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Stock Market & Financial Investment News

News Breaks
March 24, 2014
13:31 EDTJKS, CSUN, SOL, TSLReneSola says 2H14 looks to be 'very promising' for China market
Shares of Chinese solar company ReneSola (SOL) are sinking despite the company reporting better than anticipated fourth quarter earnings. WHAT'S NEW: ReneSola reported Q4 earnings per share of 0c, above analysts' consensus of (14c). The company reported Q4 revenues of $438.8M, analysts' expectations were $381.4M. During Q4, ReneSola reported total solar wafer and module shipments were 781.1 MW. For FY14, the company said it expects a material increase in module shipments to Japan. WHAT'S NOTABLE: During the company's fourth quarter conference call, ReneSola said that it expects Q1 total solar module shipments in the range of 500 MW to 520 MW and gross margin is expected to be in the range of 9%-11%. For FY14, the company said it expects total solar module shipments to be in the range of 2.3 GW to 2.5 GW. ReneSola said for FY14, it does not currently have any plans for internal capacity expansion. The company said that it might be looking at a "very promising" second half of the year in the China market, but not in the first half of the year due to weather related issues. OTHERS TO WATCH: Other Chinese companies in the solar industry include JinkoSolar (JKS), Trina Solar (TSL), and China Sunergy (CSUN). PRICE ACTION: During afternoon trading, shares of ReneSola were down by 15c, or 3.88%, to $3.72. Shares of JinkoSolar fell 6%, Trina Solar fell 7.12% and China Sunergy rose fell 6.42%.
News For SOL;JKS;TSL;CSUN From The Last 14 Days
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December 17, 2014
06:36 EDTTSLU.S. announces tariffs on Chinese, Taiwanese solar companies, NY Times says
The U.S. announced that it would impose tariffs of 26.7%-78.4% on the imports of most Chinese made solar panels, and tariffs of 11.45%-27.5% on solar cells made in Taiwan, according to The New York Times. Duties of 27.6%-50% will be imposed on modules made in China, the newspaper quoted the Commerce Department as saying. American officials still hope that they can reach a settlement with the Chinese on solar trade issues, the newspaper stated. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
December 12, 2014
07:01 EDTJKSJinkoSolar supplies China General Nuclear Power Group 80 MW of solar modules
JinkoSolar announced that it has supplied 80 MW of solar PV modules to China General Nuclear Power Group for a solar PV project in Neihuang County, Henan Province. Located in Mashang and Liucun, two villages in Neihuang County, Henan Province, the project is being built on the rooftops of traditional agricultural greenhouse. It utilizes 325689 pieces of JinkoSolar's high-efficiency PV modules is expected to be connected to the grid by the end of 2014.
December 8, 2014
06:11 EDTTSLTrina Solar acquires 28% stake in Shuntai Leasing
Trina Solar announced it has entered into a share purchase agreement to acquire a 28% stake in Shuntai Leasing Company Limited. Total registered capital of Shuntai is approximately $50M. Changzhou Hi-tech Jinlong Holdings, a subsidiary of Changzhou Hi-tech Group Co., is the major shareholder of Shuntai. Changzhou Hi-tech Group is one of the largest state-owned companies in Changzhou covering a wide range of businesses including government financing, city development and operation of business enterprises. The group also owns several financing institutions and has raised approximately $5.5B in the past years. Trina Solar has also signed a cooperation agreement with Shuntai to finance the company's downstream projects and solar manufacturing business by leveraging Shuntai's leasing platform.

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