NEW YORK, June 3, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting SolarCity Corp. (NASDAQ: SCTY), Trina Solar Limited (ADR) (NYSE: TSL), Canadian Solar Inc. (NASDAQ: CSIQ), Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE: YGE), and Real Goods Solar, Inc. (NASDAQ: RSOL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
SolarCity Corp. Research Report
On May 16, 2013, SolarCity Corp. (SolarCity) announced a lease financing agreement with Goldman Sachs to fund more than $500 million in solar power projects, which equates to an estimated 110 megawatts in generation capacity for homeowners and businesses. The financing will make it possible for a variety of customers, including homeowners, businesses, government and other non-profit organizations, to install solar panels with no upfront cost and pay less for clean electricity than they currently pay for their utility bills. Jimmy Chuang, SolarCity's Vice President of Structured Finance, said, "We expect to be able to expand our offering to a broader customer base by lowering the credit requirements even further in future financings." The Full Research Report on SolarCity Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/9fed_SCTY]
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Trina Solar Limited (ADR) Research Report
On May 29, 2013, Trina Solar Limited (ADR) (Trina Solar) announced its financial results for Q1 2013. Net revenues decreased 25.6% YoY to $260.2 million. Net loss of $63.7 million, was significantly higher as compared to net loss of $29.8 million in Q1 2012. Commenting on the results, Mr. Jifan Gao, Chairman and Chief Executive Officer of Trina Solar, said, "While the average selling price (ASP) of modules continued to decline in the first quarter due to the lingering supply-demand imbalance in the global PV industry, the rate of decline has slowed from previous quarters." He added, "In this environment, we continue to focus on improving operational efficiency and exercising financial discipline. In the first quarter, the reductions in non-silicon costs we achieved outweighed the fall in ASP, and we also collected a sizeable amount of overdue accounts receivables. These efforts enable us to maintain strong liquidity and a robust balance sheet, making us better positioned to capture future growth opportunities." The Full Research Report on Trina Solar Limited (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3998_TSL]
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Canadian Solar Inc. Research Report
On May 28, 2013, Canadian Solar Inc. (Canadian Solar) announced its financial results for Q1 2013. Net revenue decreased 19.1% YoY to $263.6 million. Total solar module shipments for the quarter were 340 megawatts (MW) compared to 343 MW in Q1 2012. Commenting on the results, Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, said, "We are pleased with our first quarter results and our progress in the execution of our strategy. Our shipments of 340 MW exceeded our initial guidance of 290 MW to 310 MW, while our gross margin came in the high-end of our guidance." He added, "Our strong market position is also helping us to develop our own utility project pipeline, which we expect, will become a meaningful part of our business in the quarters ahead. Meanwhile, we have maintained our strong position in the South East Asia market including India and Thailand." 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.wsreports.com/r/full_research_report/37b1_CSIQ]
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Yingli Green Energy Hold. Co. Ltd. (ADR) Research Report
On May 24, 2013, Yingli Green Energy Hold. Co. Ltd. (ADR) (Yingli Green Energy) announced that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited (Yingli Singapore), will supply 10.3 megawatts (MW) of multicrystalline PV modules to Amcorp Power Sdn. Bhd. (Amcorp Power), a subsidiary of Amcorp Group Berhad, an investment holding company based in Malaysia. The 10.3 MW project, located at Gemas, Negri Sembilan, is the largest single site PV power plant in Malaysia. Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, said, "By leveraging our regional headquarters in Singapore and overwhelming brand influence, we look forward to serving our customers with high quality products and expanding our exposure to this region." The Full Research Report on Yingli Green Energy Hold. Co. Ltd. (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/aac7_YGE]
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Real Goods Solar, Inc. Research Report
On May 28, 2013, Real Goods Solar, Inc. (Real Goods Solar) announced that it has been selected as a 2013 Solarize Mass Installer by the Massachusetts Clean Energy Center (MassCEC) and the Green Communities Division of the MA Department of Energy Resources (DOER) to bring solar electricity to households and business owners in Massachusetts through the Solarize Mass program. Solarize programs are designed to increase the adoption of solar energy and further reduce the cost of solar power, and the program offers discounted pricing for solar energy through tiered community-based incentives. It means that as more members of a particular community participate, greater savings can be enjoyed by all. The Full Research Report on Real Goods Solar, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/61aa_RSOL]
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SOURCE Wall Street Reports