Tag Archives: sol
Silicium de Provence bankruptcy costs Solon $75m
Solon says it recorded a €52m ($74.7m) write-down in the second quarter on its SilPro investment, after predicting a €40m hit back in April. SilPro, based in Saint Auban, has been in administration since April 2009. Solon blames the collapse of SilPro on the financial climate, which prevented the firm from getting loans. Solon was [...]
Renesola (SOL) Signs Letters Of Intent For 505MW In Government Contracts
Yesterday, Renesola (SOL) got a bit of a pop higher on news it has signed letters of intent for 505MW in government solar contracts. The first is a potential deal with the Yancheng city government for a 500MW on grid solar project consisting of mainly ground mounted systems and 10MW of rooftop installations to be [...]
Stock To Watch Tuesday – ReneSola (SOL)
Chart courtesy of www.stockcharts.com ( click to enlarge ) SOL – Aftera long up leg that brought prices from the March low of $2 to Mondayhighs of $6.92, the stock has gained more than 200 percent. Can we openlong positions now? Aggressive traders may open long positions and Ireally like the chart but at this [...]
Solar stocks to follow – Yingli Green Energy Hold., Renesola and China Sunergy Co.
YGE- Yingli Green Energy Holding Company Limited, is a verticallyintegrated photovoltaic (PV) product manufacturer in China. The stockis starting to show signs of acumulation with high volume on upsidedays and low on dowside days. The technical daily chart shows the stockis in a short term bull market rally with MACD on top of signal lineand [...]
Solar stocks to watch: ReneSola (SOL) and JA Solar (JASO)
ReneSola is a manufacturer of solar wafers, which are thin sheets ofcrystalline silicon material primarily used in the production of solarcells. The company is profitable and is growing at a rapid clip. Ibought ReneSolar this week in the range of 3.72 -4.15, and I expect thestock will continue to move up strongly. From a [...]
Stock of the Day – Renesola Ltd (SOL)
SOL- The stock made a nice move on a good earnings report, closing up 7%.From a technical perspective, this stock looks great as well. It iscurrently moving in an ascending triangle formation and a breakoutlooks eminent. If it breaks out of the ascending triangle, target priceis at 6.24. The volume for the past 3 weeks [...]
ReneSola (SOL) Acquires JC Solar For Downstream Integration
Along with its earnings announcement this morning, ReneSola (SOL)also announced the acquisition of JC Solar for RMB 118 million. JCSolar is an established solar cell and module manufacturer with about300 employees and annual cell production capacity of 25MW and annualmodule production capacity of 50MW. It posted an unaudited net profitof RMB 69 million last year. [...]
Solar Stocks to watch Friday – Trina Solar (TSL) and ReneSola (SOL)
SOL- The stock tried to move to higher price levels (4.50 ) , but was notaccompanied by volume so it dropped today. According to the technicalchart above no pattern has emerged yet, but what SOL needs isadditional volume in its upward move for it to reach the previous high.If more volume does not come in, [...]
April 6-10: Solar Stocks Beat Dow, NASDAQ Again
Winners 15 Losers 5 Forthe fifth straight week the DJIA, NASDAQ and the select 20 Solar StocksIndex went up. The Dow observed Good Friday but closed yesterday at8083.38, up 65.79 points for the week or +.8205%. The NASDAQ was up30.67 to 1652.54 or 1.891%. The 20SSI gained surpassed last week’sgains going up 2.455% net average. [...]