EdgeWater 10/18/2010 11:07:15 PM
News / Business

Solar Stocks Mostly Mixed (CSIQ, TSL, FSLR, JASO)

Solar Stocks Mostly Mixed

Shares of Canadian Solar Inc. (NASDAQ:CSIQ) went up 0.90% to $15.62. Last week, it announced the appointment of Andrew Chen as Chief Financial Officer, effective immediately. The Company also reiterated its financial outlook. For third quarter 2010, the company expects shipment of approximately 190 MW to 200 MW, with a gross margin of approximately 14.5% to 15.5%.

The average daily volume of the stock is 1.58 million shares.

Trina Solar Limited (ADR) (NYSE:TSL) lost 0.18% to $27.82. Trina Solar Limited is an integrated solar-power products manufacturer based in China with a global distribution network covering Europe, North America and Asia.

Over the past 52-week, the stock had traded within the range of $14.85-$31.89. At current market price, the market capitalization of the company stood at $3.88 billion.

First Solar, Inc. (NASDAQ:FSLR) gained 1.25% and currently trading at $146.36. The company on Thursday announced plans to build two new four-line manufacturing plants that will boost the company's annual manufacturing capacity by nearly 500 MW to help meet strong demand for its advanced thin-film photovoltaic modules.

JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) dropped 2.52% to $8.88. Last week, the company announced that it has signed an agreement to deliver over 13MW of high efficiency, mono-crystalline solar cells to a U.S. solar module manufacturer and systems company. Delivery began in the third quarter and will continue through the remainder of 2010.

Over the past 52-week, the stock had traded within the range of $3.57-$10.24 and is up more than 53% year-to-date.

Article published by Wall Street Grand. Visit the Wall Street Grand Club today.

SAFE LINK

Disclaimer:

For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html