Wall Street Fundamentals Releases New In-Depth Stock Reports on CSUN, JKS, SOL and STP
New York, NY – May 23rd, 2013 – Chinese solar stocks have been on an impressive run this week as improving quarterly results and outlooks have boosted investor optimism within the industry. Earlier this week, JA Solar reported a rare year-over-year increase in quarterly revenues, while Yingli Green Energy Holdings Co. boosted its forecast for first quarter shipments.
China Sunergy Co. Ltd. (NASDAQ: CSUN) shares have increased nearly 20 percent in the past week and are up approximately 40 percent year-to-date. The stock appears to have some support at the $2.05 and $1.83 levels. The company reported total net revenues were $292.7 million for the full year 2012, a decrease of 48.3 percent from $566.3 million a year ago.
More information on China Sunergy and access to the free equity report can be found at: www.WallStreetFundamentals.com/CSUN
JinkoSolar Holding Co., Ltd. (NYSE: JKS) shares have spiked over 18 percent in the past week and are up approximately 35 percent year-to-date. The stock appears to have strong support at $7.69. The company is expected to report results for the first quarter of 2013 on June 7th, 2013. JinkoSolar has reported that total solar product shipments for the full year 2012 hit a record high of 1,188.3 MW.
More information on JinkoSolar and access to the free equity report can be found at: www.WallStreetFundamentals.com/JKS
ReneSola Ltd. (NYSE: SOL) shares have increased over 25 percent in the past week and are up approximately 60 percent year-to-date. The stock appears to be facing some resistance at $2.82 with some support at $2.34. The company reported net revenues were $284.2 million for the first quarter of 2013, which exceeded the company’s guidance but was down 7.2 percent sequentially.
More information on ReneSola and access to the free equity report can be found at: www.WallStreetFundamentals.com/SOL
Suntech Power Holdings Co., Ltd. (NYSE: STP) shares have gained over 70 percent in the past week, but are down approximately 32 percent year-to-date. The stock spears to be facing some resistance at $1.13 with support at $0.92. The company announced revenues for the fourth quarter of 2012 were approximately $358 million, a decrease of 8 percent when compared to the previous quarter.
More information on Suntech Power and access to the free equity report can be found at: www.WallStreetFundamentals.com/STP
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Disclaimer:
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
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