ReneSola Ltd. (ADR) (NYSE:SOL) was downgraded by equities research analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday. ReneSola Ltd. (ADR) (NYSE:SOL) stock performance was -2.94% in last session and finished the day at $2.31. Traded volume was 1.67million shares in the last session and the average volume of the stock remained 3.21million shares. The beta of the stock remained 3.33. ReneSola Ltd. (ADR) (NYSE:SOL) insider ownership is 55.27%.
Chinese solar manufacturer, Hanwha Solarone Co Ltd (NASDAQ:HSOL) has announced that it has shipped 60MW of its modules to vogt solar for a number of UK solar farms. Hanwha Solarone Co Ltd (NASDAQ:HSOL) dropped -4.98 percent to $2.29 Tuesday on volume of 597,541.00million shares. The intra-day range of the stock was $2.26 to $2.44. Hanwha Solarone Co Ltd (NASDAQ:HSOL) has a market capitalization of $193.92million.
China Sunergy Co., Ltd. (NASDAQ:CSUN), a specialized solar cell and module manufacturer, today announced its financial results for the first quarter ended March 31, 2014. Total revenue was US$62.7 million, an increase of 1.6% from US$61.7 million in the first quarter of 2013, and a decrease of 50.0% from US$125.5 million in the fourth quarter of 2013. China Sunergy Co Ltd (NASDAQ:CSUN)’s stock on June 03, 2014 reported a decrease of -6.54% to the closing price of $3.00. Its fifty two weeks range is $1.73 -$10.19. The total market capitalization recorded $44.55million. The overall volume in the last trading session was 193,867.00million shares. In its share capital, CSUN has 14.84million outstanding shares.
SunEdison Inc. (NYSE:SUNE) announced that it has entered into an agreement with the Chinese solar photovoltaic company Huantai Group to develop solar projects, and supply materials, technology, and services in the Chinese market. On Tuesday, shares of Sunedison Inc (NYSE:SUNE) dropped -0.46% to close the day at $19.49. Company return on investment (ROI) is -9.90% and its monthly performance is recorded as -3.66%. Sunedison Inc (NYSE:SUNE) quarterly revenue growth is -6.70%.
Despite syndicated lending in China plunging by 42% year-on-year (falling to $9.3 billion so far in 2014 – the lowest level at this stage of the year since $9 billion was loaned in 2010), LDK’s lifeline is being viewed as a concerted effort by the company and the government to ward off the fate that befell Suntech Power Holdings Co. Ltd. (ADR) (OTCMKTS:STPFQ), which in March last year entered bankruptcy proceedings after defaulting on a $541 million bond. Since then, the company has been restructured as Wuxi Suntech after Shunfeng Photovoltaic won the bid to acquire the company. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) stock performance was -2.36% in last session and finished the day at $0.290. Traded volume was 125,350.00million shares in the last session. The beta of the stock remained 2.70.