Orlando, FL -- (SBWIRE) -- 09/05/2013 -- 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 Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO).
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares increased 12.79% to $5.29. 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.
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JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) shares increased 15.91% to $8.67. The company on August 29 announced its unaudited financial results for its second quarter ended June 30, 2013. Second quarter net revenue was RMB 1.6 billion ($258.1 million), compared to RMB 1.7 billion ($273.3 million) in the first quarter of 2013. Net loss was RMB 132.4 million ($21.6 million) and loss per diluted ADS was RMB 3.58($0.58), compared to loss per diluted ADS of RMB 5.29($0.86) in the first quarter of 2013.
Additionally, the company on August 14 announced that it has entered into a Securities Purchase Agreement with a single institutional investor (the "Investor") to issue securities in a registered direct offering that will result in gross proceeds to the Company of up to US$96 million, before deducting the placement agent fees and estimated offering expenses. This amount does not take into account any proceeds from the Series B Warrant, which is not exercisable for one year following the date of issuance.
Is JASO going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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