Acquisitions, Quarterly Financial Results, Investor Conferences and Shareholders Meeting - Research Report on SolarCity, Yingli Green Energy, Trina Solar, Canadian Solar, and Hanwha SolarOne
NEW YORK, September 12, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting SolarCity Corporation (NASDAQ: SCTY), Yingli Green Energy Holding Co. Ltd. (NYSE: YGE), Trina Solar Limited (NYSE: TSL), Canadian Solar Inc. (NASDAQ: CSIQ), and Hanwha SolarOne Co., Ltd (NASDAQ: HSOL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
SolarCity Corporation Research Report
On September 9, 2013, SolarCity Corporation (SolarCity) announced that it has completed the acquisition of the assets of Paramount Energy Solutions, LLC dba Paramount Solar, a subsidiary of Paramount Equity, for a total consideration of $120 million. According to SolarCity, the total consideration includes 3.7 million shares of the Company's common stock priced at $31.65 per share, and $3.7 million in cash. According to the Company, the update comes in connection to the acquisition agreement announcement dated August 13, 2013, while the closure of transaction was closed and became effective on September 6, 2013. Additionally, SolarCity stated that former Paramount Equity CEO, Hayes Barnard has joined SolarCity as Chief Revenue Officer in charge of the Company's sales and marketing organizations with immediate effect. The Full Research Report on SolarCity Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9fe0_SCTY]
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Yingli Green Energy Holding Co. Ltd. Research Report
On August 30, 2013, Yingli Green Energy Holding Co. Ltd. (Yingli Green Energy) released its Q2 2013 financial results with total net revenues were up 8.9% YoY to RMB 3.4 billion. Net loss attributable to Yingli Green Energy was RMB 320.8 million or RMB 2.05 per diluted share, compared to RMB 573 million or RMB 3.66 per diluted share in Q2 2012. Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy said, "We are pleased to announce another better than expected quarter in terms of market share and profitability, mainly driven by the continuous fundamental improvements of solar market conditions, our well-recognized brand, diversified customer base and unceasing technological innovations." The Full Research Report on Yingli Green Energy Holding Co. Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a8c1_YGE]
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Trina Solar Limited Research Report
On September 3, 2013, Trina Solar Limited (Trina Solar) announced that it conducted its 2013 annual general meeting of shareholders on September 3, 2013. According to the Company, during the meet, each of the proposals submitted for shareholders' approval was sanctioned, including the re-election of Mr. Qian Zhao as a Director of the Company, re-election of Mr. Yeung Kwok On as a Director, and appointment of KPMG as an auditor to audit the accounts of the Company for the fiscal year ending December 31, 2013, along with finalizing the fee for KPMG. The Full Research Report on Trina Solar Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/359f_TSL]
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Canadian Solar Inc. Research Report
On September 9, 2013, Canadian Solar Inc. (Canadian Solar) announced that it will participate in the Credit Suisse 4th Annual Small & Mid Cap Conference. According to Canadian Solar, the conference will be held on September 17, 2013, at the Waldorf Astoria Hotel in New York City. Canadian Solar stated that during the conference, Michael G. Potter, Senior Vice President and CFO and Ed Job, Director of Investor Relations will be available to meet with institutional investors. The Full Research Report on Canadian Solar Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3fbd_CSIQ]
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Hanwha SolarOne Co., Ltd Research Report
On September 9, 2013, Hanwha SolarOne Co., Ltd (Hanwha SolarOne) released its Q2 2013 financial results with consolidated net revenues up by 10.4% YoY to RMB 1.2 billion. Net loss attributable to shareholders was RMB 166 million or RMB 0.39 per diluted share, compared to net loss of RMB 266.7 million or RMB 0.63 per diluted share in Q2 2012. Mr. Ki-Joon HONG, Chairman and CEO of Hanwha SolarOne said, "We recorded a solid performance for the second quarter ending June including further gross margin improvement reflecting an improved cost structure and better factory utilization, an 11% quarter-over quarter shipment gain and a return to positive operating cash flow. Our manufacturing module services business with Hanwha Q CELLS should see improved volumes during the second half of this year. We are also continuing to make progress in innovation with the planned introduction of our second-stage E Star module later this year with improved performance and lower manufacturing costs." The Full Research Report on Hanwha SolarOne Co., Ltd - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c85f_HSOL]
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SOURCE Analysts' Corner
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