Orlando, FL -- (SBWIRE) -- 09/04/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On ReneSola Ltd. (ADR) (NYSE:SOL), Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE).
ReneSola Ltd. (ADR) (NYSE:SOL) shares gained 14.88% to $5.48. The company on August 30 said its second-quarter loss narrowed, benefiting from higher selling prices of solar wafers and modules. For the period ended June 30, the company lost $21.1 million, or 24 cents per American depositary share. That compares with a loss of $34.8 million, or 40 cents per ADS, a year ago. Revenue soared 62% to $377.4 million from $233 million.
Looking forwatd, the company anticipates third-quarter revenue of $360 million to $380 million.
Additionally, the company on August 26 announced that all shareholder resolutions proposed at the Company's 2013 annual general meeting of shareholders ("AGM") held were duly passed.
Moreover, the company on August 14 announced it has rescheduled its conference call regarding its results for the second quarter ended June 30, 2013. ReneSola's management will host its earnings call on Friday, August 30, 2013 at 8 am U.S. Eastern Time (8 pm Beijing/Hong Kong time).
Are investors worried about the recent updates with SOL? Find out with a free trend analysis HERE
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares increased 9.07% to $4.69. The company on August 30 announced its unaudited consolidated financial results for the quarter ended June 30, 2013. Total net revenues were RMB 3,378.3 million (US$550.4 million) in the second quarter of 2013, an increase of 26.1% from RMB 2,679.3 million in the first quarter of 2013 and up from RMB 3,103.5 million in the second quarter of 2012.
Net loss was RMB 320.8 million (US$52.3 million) in the second quarter of 2013, compared to RMB 611.8 million in the first quarter of 2013 and RMB 573.0 million in the second quarter of 2012. Loss per ordinary share and per ADS was RMB 2.05 (US$0.33) in the second quarter of 2013, compared to RMB 3.91 in the first quarter of 2013 and RMB 3.66 in the second quarter of 2012.
Additionally, the company on August 29 announced that its 2013 Asian Solar Market Workshop (the "Workshop"), held from August 27(th) - August 28(th), 2013 was a resounding success. The Workshop attracted nearly 50 customers from countries across Southeast Asia and South Asia, including Malaysia, Singapore, Pakistan, and India. Key Yingli executives briefed customers on the Company's new marketing strategies and innovative technology developments.
Is YGE going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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