Suntech (STPFQ), LDK Solar (LDK), SolarCity (SCTY) and First Solar (FSLR) are the Solar Stocks in Spotlight
With future supply of photovoltaic modules with advanced thin-film, Solar cell manufacturer First Solar, Inc. (NASDAQ:FSLR) solar farms will have a 48 megawatts combined capacity. Photosol, a company for renewable energy based in France will develop the project. Shares of First Solar, Inc. (NASDAQ:FSLR) ended at a value of $56.76 yesterday. Institutional ownership of the stock is 59.90% whereas its insider ownership is 0.20%. Stock’s shares capital has outstanding shares of 98.72 million out of which 74.30 million are being floated in the market.
According to an announcement made on the 14th of November, a subsidiary of Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ), Power Solar System Co., Ltd. (“PSS”) will be passed into liquidation as per Act of the British Virgin Islands (“BVI”) for insolvency. On the last day of trading Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) had a volume share of 557,832.00 whereas the stock’s average volume share is 2.96 million. The company’s stock opened at a value of $0.56 and went up as high as $0.56 during the session; after dipping by 0.54% the stock closed at $0.552.
With Southern New Jersey as the new hub for domestic solar market, SolarCity Copr (NASDAQ:SCTY) will also be opening a New Jersey based operations center, which will not only offer solar panels, but will provide quite a few job vacancies. Shares of SolarCity Corp (NASDAQ:SCTY) kicked off its day’s trading session at $52.65 and went up as high as $58.00; towards the close of the session the stock dipped by 7.79% and closed at a value of $56.90. Weekly performance of SolarCity Corp (NASDAQ:SCTY) stock was 8.86%.
The founder of Solar Power Inc., Stephen Kircher has resigned from his post. Solar Power that also goes by the name of SPI Solar (OTC:SOPW) is in the ownership of LDK Solar Co., Ltd (ADR) (NYSE:LDK). LDK Solar bought Solar Power’s interest of 70% for $33 million back March of the year 2011. On the 10th of December, shares of LDK Solar Co., Ltd (ADR) (NYSE:LDK) went up by 0.74% and closed at $1.37. Stock’s range over 52 weeks was between $0.93 and $2.32. Market capitalization of LDK Solar Co., Ltd (ADR) (NYSE:LDK) is $217.59 million whereas its volume share during the last session of trading was 735,638.00. Stock’s shares capital has outstanding shares of 158.83 million.