Tuesday, January 10, 2012

Solar Stocks On the Move; (NasdaqGS: CSIQ), (NYSE: LDK), (NasdaqGS: JASO), (NYSE: TSL)

Point Roberts, WA - January 10, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, releases a trading alert for solar stocks on the move in Tuesday’s trading session. Solar stocks with business in China are taking the lead as percentage gainers in today’s trading.
Canadian Solar Inc. (NasdaqGS: CSIQ) is trading up at $3.14, up 0.25 (8.65%) 1:47PM EST, with a high of $3.17. The Company announced last Thursday, the successful completion and grid-connection of a 10 MW ground mounted solar project, a part of a 50MW solar plant, in Hongsibao, Ningxia, in northwest China at the end of 2011.
LDK Solar Co. Inc. (NYSE: LDK) is trading up at $4.61, up 0.24 (5.49 %) 1:53PM EST.The Company reported news last week that China Development Bank Corporation had recently approved a fifteen-year project loan for two solar power plants with a total capacity of 8 Megawatts ("MW") combined. The solar power plants are located in California and are wholly-owned by LDK Solar. CDB has also approved a fifteen-year buyer's credit to KDC Solar LLC ("KDC") for its two New Jersey solar power plants, Imclone and White Rose, consisting of 14.7 MW of its 300 MW portfolio. Additionally, CDB approved two-year construction financing to EPC contractor, Solar Power Inc. ("SPI"), a company majority owned by LDK Solar, for its undertaking of the New Jersey projects.
JA Solar Holdings, Co., Ltd. (NasdaqGS: JASO) is trading at $1.45, up 0.05 (3.21%) 1:58PM ESTon over 3 Million shares.
Trina Solar Limited (NYSE: TSL) is trading up at $7.38, up 0.30 (4.24%) 2:00PM EST with a high of $7.63. On January 4 th the Company announced the establishment of the Changzhou Trina International School.
The initiative is driven by investment from the Changzhou State-Owned Asset Investment Corporation, Changzhou Trina Solar Energy Co., Ltd., and the Changzhou Foreign Language School. The Changzhou Trina International School is also supported by the Changzhou New District Government and the Changzhou Education Bureau.
The international school will primarily attract children from the expatriate community, as well as students from within Jiangsu Province who have demonstrated outstanding academic achievement. The goal of creating a school of recognized international standards is to meet the city's growing demand for a first-class international education service, and will serve as an important pillar to attract international talents to Changzhou. The private school will provide international curricula for kindergarten, elementary, middle school and high school students, and is expected to open operations in the fall of 2012. The Company will invest an estimated $11.9 million for an approximate 31% equity stake.
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