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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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July 30, 2015
14:15 EDTTSLSharp to halt production of thin solar cells, Nikkei says
Sharp (SHCAY) plans to stop producing thin solar cells due to heightened price competition from Asian rivals, reports Nikkei. The publication notes that the company will use its Sakai thin solar cell plant to instead produce solar panels for residential use. 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
July 28, 2015
07:10 EDTJKSJinkoSolar subsidiary signs RMB3B credit agreement with Ping An Bank
JinkoSolar Holding announced that JinkoSolar Power, a subsidiary of the Company, has signed a three-year RMB3B line of credit agreement with Ping An Bank, or PAB. PAB's financing will be used to support Jinko Power's PV project developments. According to the terms of the agreement, the line of credit is RMB3B for three years. The first loan of RMB630M has been withdrawn and will be used to support the development of PV solar power plant projects in Inner Mongolia, Guangdong province, and Zhejiang province.
July 27, 2015
05:32 EDTSOLReneSola signs 30MW solar module sales agreement
ReneSola announced it has agreed to provide Cofely Solar Technics with 30 megawatts of solar modules, which will be used in a ground-mounted, utility-scale project in Nottinghamshire in the UK. Under the terms of the agreement, ReneSola's contracted OEMs will deliver 30MW of the Company's high-efficiency 260w Virtus II solar modules produced in Poland for the project between July and September of this year.
July 24, 2015
11:01 EDTTSLSolarCity rises after analyst says second half outlook strong
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July 23, 2015
06:35 EDTCSUNChina Sunergy regains compliance with Nasdaq listing requirements
China Sunergy announced that it had received written notification from the Listing Qualifications Department of the NASDAQ Stock Market, on July 20 informing the company that it has regained compliance with the continued listing requirements under NASDAQ Listing Rule 5250(c). On May 20, the company received a letter from NASDAQ, indicating that, the company failed to file on Form 20-F for the period ended December 31, 2014 in a timely manner. The Letter requires, among others, the company to submit a plan to regain compliance with respect to the above delinquent report within 60 calendar days of the receipt of the Letter. On July 10, company filed its Form 20-F for the period ended December 31, 2014. On July 20, the company received written notification from Nasdaq that by filing its Form 20-F, the NASDAQ staff determined the company has complied with the Listing Rule, and accordingly, this matter is now closed.

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