Solar Stocks In Action – Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), LDK Solar Co., Ltd (ADR) (NYSE:LDK), Trina Solar Limited (ADR) (NYSE:TSL)
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) [Trend Analysis] after opening at $6.10 hit its intraday high price of $6.27 moreover then finished at $6.14 by shares raised 1.32%. One of the world’s biggest solar manufactures, Yingli Green Energy Holding Company Limited (YGE) has 20 offices around the globe. It operates in over 40 countries, comprising the US and China who are the largest consumers of solar energy. The firm has not declared any profits for about 3 years now other than its situation is changing gradually because it has been time after time cutting losses. The firm has generated good sales of modules during the previous quarter that points to a recovery.
At Wall Street for latest quarter, the consensus average estimates of street for the revenue are 651.55M, at the same time as 7 experts forecast 567.63M revenues for the next three months of 2014. As took noticed on the firm sales growth (year/est), it is calculated 39.80% in Current Qtr. and for next quarter was forecasted 31.60%.
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LDK Solar Co., Ltd (ADR) (NYSE:LDK) [Trend Analysis] shares trading performance in last session was $1.01 with market capitalization of $160.41M, as outstanding shares was 158.83M. Debt-laden Chinese solar firm declared that it filed in the Cayman Islands for the selection of provisional liquidators, four days before it is due to make a $197M bond repayment. The firms piled on debt to enlarge capacity, other than have struggled to repay it as a sharp drop in panel prices over the past four years injured their cash flows.
The average analysts of Wall Street, predicts revenue of firm of 214.40M in latest quarter and on contradiction, professionals forecast 182.20M revenues for the upcoming quarter. Recently in a pool of analysts, 1 analyst rate its stocks at “Hold,”
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Trina Solar Limited (ADR) (NYSE:TSL) [Trend Analysis] reported the gain of +2.66% and closed at $15.06 with the total traded volume of 3.44M shares. A worldwide leader in photovoltaic modules, solutions as well as services reported that it will host a conference call on Tuesday, March 4, 2014 at 8:00 a.m. U.S. EST (9:00 p.m. Beijing / Hong Kong, March 4, 2014), to discuss results for the Q4 and fiscal year 2013. The Company plans to distribute its earnings announcement before the call. Its market capitalization was $1.20B. The stock owned by the Financial Institutions was 51%. The company’s shares have gained 10.57% in last 30 days and -5.34% in previous three months, compared to an increase of +3.20% and +2.37% in the S&P 500 during the respective periods.
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