Orlando, FL -- (SBWIRE) -- 09/12/2013 -- 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 JinkoSolar Holding Co., Ltd.(NYSE:JKS), ReneSola Ltd. (ADR)(NYSE:SOL).
JinkoSolar Holding Co., Ltd.(NYSE:JKS) has entered into an agreement with Acciona for delivering 274 megawatt-peak (MWp) solar PV modules.
Acciona would be installing these modules for two of the projects in Australia and South Africa. Acciona is a Spanish firm engaged in management and construction of renewable energy as well as water and infrastructure.
The agreement states that JinkoSolar would be providing 94MWp of high-efficiency solar modules to Oakleaf Investment Holdings 86 (Proprietary) Limited, joint-venture of ACCIONA and the local South African partner. The delivery would begin from November and may finish by Sep 2014. Oakleaf would be using about 319,600 JinkoSolar PV modules for the Northern Cape Province solar farm in South Africa.
The modules are capable of generating 206 Gigawatt-hour (GWh) of electricity annually and may avoid emission of 1.98 lakh metric tons of carbon dioxide every year.
For other contract, JinkoSolar would be giving 24.07 MWp of solar modules to Acciona’s subsidiary Acciona Energy Oceania for which the delivery would commence from October 2013. Acciona Energy Oceania would be installing about 81,600 JinkoSolar PV modules at the Royalla PV Plant in the ACT territory of Australia which can power 4,500 houses.
Are investors worried about the recent updates with JKS? Find out with a free trend analysis HERE
ReneSola Ltd. (ADR)(NYSE:SOL) has announced pricing of registered direct offering of about $70 million in American Depositary Shares , representing two shares of the firm, at a rate of $4.67 per ADS.
Investors would also get 35% warrant coverage in the offering with initial exercise price of $6.04 per ADS and these warrants would expire in four years from date of issuance.
Roth Capital Partners served placement agent in the offering. Rene Sola is expecting to get about $65.9 million after deducting all the charges and the offering would close by September 16, 2013.
ReneSola is a major technology provider of solar photovoltaic products.
Is SOL going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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