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Stock Market & Financial Investment News

News Breaks
August 30, 2013
09:57 EDTJKS, TSL, YGE, LDK, SOLReneSola advances after results, guidance beat expectations
Shares of Chinese solar energy company ReneSola (SOL) are climbing after the company reported stronger than expected results. WHAT'S NEW: ReneSola's second quarter loss was lower than expected and its revenue also beat expectations. Moreover, the company provided third quarter revenue guidance that was significantly above expectations. "Our focus on improving our selling prices and enhancing the market profile of our products led to increased shipments and a positive gross margin of over 7%," said ReneSola CEO Xianshou Li in a statement. "Despite what remains a challenging macro environment and a fiercely competitive solar industry, we are optimistic our investments will set us up for long-term growth and continued geographic expansion," the CEO added. PRICE ACTION: In early trading, ReneSola surged 43c, or 9.8%, to $4.83. The stock is well off its daily high of $5.11, however. OTHERS TO WATCH: Yingli Green (YGE), which also reported its own results this morning and backed its fiscal year module shipment target, rose 3% to $4.30. Other Chinese solar companies also advanced, with JinkoSolar (JKS) rallying 4.5% to $15.90, LDK (LDK) advancing 1.3% to $1.55, and Trina Solar (TSL) adding 1% to $9.50.
News For SOL;YGE;JKS;LDK;TSL From The Last 14 Days
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July 2, 2015
07:42 EDTSOLReneSola sells 6.4 MW utility scale project in the U.K.
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July 1, 2015
07:30 EDTTSL, YGEDrop is Solar stocks a buying opportunity, says Deutsche Bank
Deutsche Bank analyst Vishal Shah attributes the recent weakness in the Solar space to investor concerns around increased interest rate and growth uncertainty, especially of YieldCos. Shah, however, views YieldCos as a significant growth catalyst for the solar and broader renewables sector. The analyst expects the current weakness to provide an attractive entry point for longer term investors. 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).
June 30, 2015
07:37 EDTYGEYingli Green Energy completes bond financing $3.2M for solar project
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June 29, 2015
09:06 EDTJKSJinkoSolar considering privatization, says Roth Capital
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June 24, 2015
07:35 EDTYGEYingli Green Energy to supply 40 MW of solar panels to Honduras' Sybac Solar
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