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Stock Market & Financial Investment News

News Breaks
August 30, 2013
09:57 EDTLDK, SOL, JKS, TSL, YGEReneSola 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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January 26, 2015
11:50 EDTJKSSolar names rise after Obama pledges U.S. help for Indian solar push
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10:28 EDTJKSIndia's Mahnidra to add 500 MW of solar energy, Reuters says
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06:48 EDTTSL, YGETax credit, loan guarantee changes could hurt solar energy, NY Times says
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January 22, 2015
06:14 EDTTSLTrina Solar comments on ITC determination in antidumping duty investigation
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January 15, 2015
05:36 EDTYGEYingli Green Energy begins constructoin of 20MW solar power plant in Xinjiang
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