Kolkata, West Bengal -- (SBWIRE) -- 09/27/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on JinkoSolar Holding Co., Ltd. (NYSE:JKS), JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO).
JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares jumped 7.17% to $21.37. The company, on Sept. 25, announced the closing of its follow-on public offering of 4,370,000 American depositary shares, or ADSs, each representing four ordinary shares at par value US$0.00002 per share, including 570,000 ADSs sold pursuant to the underwriters' exercise of in full of their option to purchase additional ADSs. The Company received aggregate net proceeds of approximately $67.8 million, after deducting discounts and commissions but before offering expenses.
Should Investors Buy JKS After Yesterday’s Jump? Find Out Here
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) shares increased 0.21% to $9.49. The company on Sept. 10 announced that it will supply 96 MW of solar modules to CPI Huanghe Hydropower Development Co., Ltd., a wholly-owned subsidiary of China Power Investment Corporation ("CPI"), for use on two solar projects in China's Qinghai Province. Delivery of the modules has already commenced and will be completed later this month.
The two projects are located in Gonghe County in Qinghai's Hainan Autonomous Prefecture, and have a capacity of 320 MW and 200 MW, respectively. The 320 MW project is a hybrid hydro-solar power station that will work in conjunction with the existing Longyangxia Hydro Power Station to increase and smooth energy generation. Upon completion, the hybrid hydro-solar power station will become the largest of its kind in the world.
How Should Investors Trade JASO After The Recent Volatility? Get Free Trend Analysis Here
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