Solar Stocks In News: Canadian Solar Inc. (NASDAQ:CSIQ), Trina Solar Limited (ADR) (NYSE:TSL), SolarCity Corp (NASDAQ:SCTY), Hanwha Solarone Co Ltd (NASDAQ:HSOL), LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY)

Technology Stocks News 5

Canadian Solar Inc. (NASDAQ:CSIQ) will build a plant for photovoltaic cells in China in partnership with GCL-Poly Energy Holdings Ltd. (3800), the country’s largest polysilicon and wafer producer. Canadian Solar Inc. (NASDAQ:CSIQ) stock performance was 3.42% in last session and finished the day at $25.97. Traded volume was 3.33million shares in the last session and the average volume of the stock remained 3.62million shares. The beta of the stock remained 3.10. Canadian Solar Inc. (NASDAQ:CSIQ) insider ownership is 31.09%.

Trina Solar Limited (ADR) (NYSE:TSL), a global leader in photovoltaic (“PV”) modules, solutions, and services, today announced it was selected to supply 23MW of PV modules to Linuo Solar Power Co., Ltd. (“Linuo Power”)’s distributed generation (“DG”) solar project located in China’s Shandong province. Trina Solar Limited (ADR) (NYSE:TSL) rose 2.29 percent to $12.08 Monday on volume of 6.76million shares. The intra-day range of the stock was $11.65 to $12.32. Trina Solar Limited (ADR) (NYSE:TSL) has a market capitalization of $870.98million.

The U.S. solar PV installer SolarCity Corp. (NASDAQ:SCTY) is trying to popularize rooftop solar with new marketing ploys. The company has lately teamed up with big-box retailers like Best Buy Company, Inc. ( BBY ) and The Home Depot, Inc. ( HD ) to make solar services readily available to customers. The company has also collaborated with Groupon Inc. ( GRPN ) to lure potential customers online. SolarCity Corp (NASDAQ:SCTY)’s stock on June 16, 2014 reported a increase of 4.63% to the closing price of $54.88. Its fifty two weeks range is $52.10 -$55.17. The total market capitalization recorded $5.05billion. The overall volume in the last trading session was 5.63million shares. In its share capital, SCTY has 92.10million outstanding shares.

Hanwha SolarOne Co., Ltd. (NASDAQ:HSOL), a top-10 global photovoltaic manufacturer of high-quality, cost-competitive solar modules, today announced the completion of a 9.5 MWp delivery of high quality solar modules to Belgian headquartered solar company Ikaros Solar. On Monday, shares of Hanwha Solarone Co Ltd (NASDAQ:HSOL) advanced 5.53% to close the day at $2.48. Company return on investment (ROI) is -17.40% and its monthly performance is recorded as 1.64%. Hanwha Solarone Co Ltd (NASDAQ:HSOL) quarterly revenue growth is -31.30%.

In 2011, there were around 80 manufacturers of polysilicon in China, though, by the end of May 2014, this number decreased to less than 30. GCL Silicon Technology Holdings, LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) and China Silicon Corporation are amid the dominant companies active in the national polysilicon market. The costs of production for local polysilicon making enterprises are much higher than the international level. Domestic companies gain some profits when the price for polysilicon is high. Meanwhile, the profit margin follows a downward trend as the polysilicon price decreases. In 2013, the volume of the Chinese polysilicon imports was around 80,653 tonnes, whilst the imports value stood at over USD 1.51 million. In 2014, the domestic polysilicon demand is predicted to be 140,000-170,000 tonnes. LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) stock performance was -1.82% in last session and finished the day at $0.540. Traded volume was 274,862.00million shares in the last session. The beta of the stock remained 2.93.

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