JinkoSolar Enters Into Strategic Agreement and 2 Hot Stocks to Follow
JinkoSolar Holding Co Ltd.’s (NYSE:JKS) Swiss subsidiary has entered into a strategic cooperation agreement With China Development Bank to obtain financing of an aggregate amount up to $1 billion over a five-year tenure. JinkoSolar intends to use the financing for project development, EPC, mergers and acquisitions and overseas expansions.
ReneSola Ltd (NYSE:SOL), a manufacturer of solar photo-voltaic modules and wafers, will ship 4.3 MW of high-quality solar modules to E.ON Climate & Renewables GmbH, a unit of E.ON AG, one of the world’s largest power and gas companies. The shipment will comprise 240 W multicrystalline solar modules to be delivered in March 2013 for use in a solar project in Italy.
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“Am happy to report that Tesla was narrowly cash flow positive last week. Continued improvement expected through year end.” So went Tesla Motors’ (NASDAQ:TSLA) chief Ellen Musk’s recent Tweet. Red flags have been raised over whether this constituted fair disclosure, especially considering the SEC’s “Wells Notice” issued to NetFlix chief Reed Hastings over a remark made on his Facebook page disclosing the company’s video streaming hours.
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