Solar Stocks on the move: Sunedison Inc (NYSE:SUNE), Yingli Green Energy (NYSE:YGE), Trina Solar (NYSE:TSL), Canadian Solar Inc. (NASDAQ:CSIQ), Suntech Power (OTCMKTS:STPFQ)

Technology Stocks News 4

SunEdison, Inc. (NYSE:SUNE), announced today that, at its May 29, 2014 Annual Meeting, its stockholders voted to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to increase the number of the Company’s authorized shares of common stock issuable from 300,000,000 to 700,000,000. The increase in authorized shares of common stock will allow the Company to satisfy issuances under future equity-based awards as well as issuances required upon conversion of the Company’s 2.00% Convertible Senior Notes Due 2018 (the “2018 Notes”) and the Company’s 2.75% Convertible Senior Notes Due 2021 (the “2021 Notes”). Sunedison Inc (NYSE:SUNE) stock performance was 0.57% in last session and finished the day at $19.39. Traded volume was 9.40million shares in the last session and the average volume of the stock remained 12.68million shares. The beta of the stock remained 2.43. Sunedison Inc (NYSE:SUNE) insider ownership is 0.50%.

Yingli Green Energy Hold. Co. (ADR) (NYSE:YGE) is set to announce its Q114 earnings results on Tuesday, June 17th. Analysts expect the company to announce earnings of ($0.24) per share and revenue of $464.04 million for the quarter. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) rose 8.20 percent to $3.30 Friday on volume of 6.65million shares. The intra-day range of the stock was $3.10 to $3.30. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) has a market capitalization of $599.82million.

Trina Solar Ltd. (ADR) (NYSE:TSL) said it’s seeing more interest from fund managers, and Wuxi Suntech Power Co Ltd.(PINK:STPFQ) said these managers accept returns as low as 1.7%. Trina Solar Limited (ADR) (NYSE:TSL)’s stock on June 13, 2014 reported a increase of 3.42% to the closing price of $11.81. Its fifty two weeks range is $5.00 -$18.77. The total market capitalization recorded $851.51million. The overall volume in the last trading session was 4.36million shares. In its share capital, TSL has 80.11million outstanding shares.

The shares of Canadian Solar Inc. (NASDAQ:CSIQ) inched up 1.53% on Thursday as it remains among the strong companies with operations in China to be owned by the company. The idea comes amid stringent duties imposed by the U.S. government on the solar products from China. On Friday, shares of Canadian Solar Inc. (NASDAQ:CSIQ) advanced 2.53% to close the day at $25.11. Company return on investment (ROI) is 7.30% and its monthly performance is recorded as -6.76%. Canadian Solar Inc. (NASDAQ:CSIQ) quarterly revenue growth is -23.65%.

Suntech Power Holdings Co. Ltd. (ADR) (OTCMKTS:STPFQ) last year agreed to sell Wuxi Suntech, its main Chinese operation, to Shunfeng Photovoltaic International Ltd. as part of an effort to pay off debt. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) stock performance was -10.64% in last session and finished the day at $0.420. Traded volume was 660,126.00million shares in the last session. The beta of the stock remained 2.70.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone