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Monday, May 20, 2013

Solar Stocks Snapshot; Solar City (SCTY), XsunX, Inc. (OTCQB: XSNX), Canadian Solar (CSIQ), LDK Solar (LDK)

Point Roberts, WA - May 20, 2013 (Investorideas.com renewable energy newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors including renewable energy stocks issues a snapshot for solar stocks for last week�s trading session.

SolarCity Corporation (NasdaqGM: SCTY) closed strong in Friday's session, ending at $45.00, gaining 9.31 or 26.09% on over 7/8 million shares.
The company announced a lease financing agreement with Goldman Sachs (GS) to fund more than $500 million in solar power projects; an estimated 110 megawatts in generation capacity for homeowners and businesses.
Investorideas.com Newswire Last week XsunX, Inc. (OTCQB: XSNX), the developer of CIGSolar®, a patent-pending technology for the mass production of CIGS solar cells that offers a capital-efficient, low-cost alternative to the use of silicon solar cells, announced that the Dr. John R. Tuttle had joined the Company's Advisory Board. "John's extensive entrepreneurial background and comprehensive knowledge of the Cleantech industry is the perfect addition to XsunX at just the right time," stated XsunX CEO, Tom Djokovich. The stock traded above average volume on the news.
Canadian Solar Inc. (NasdaqGS: CSIQ) closed Friday at $7.84, gaining 0.76 or 10.73% on volume of 2,933,898 shares. Last week the company announced the successful expansion of its partner Romano Sustainable Solutions in Africa. Romano, a pioneer company in the South African photovoltaic (PV) industry, was recently awarded the engineering, procurement and construction (EPC) contract for a 360 kW PV solar system installation. The roof top installation will be on the Johannesburg headquarters of Eskom, the largest producer of electricity in Africa.
LDK Solar Co., Ltd. (NYSE: LDK) closed Friday at $1.52, up 0.14 or 10.14% on 3,431,009 shares. On Thursday they announced signing a wafer supply contract with Realforce Power Co., Ltd, a photovoltaic (PV) company located in Shandong Province, China. Under the terms of the agreement, LDK Solar will provide 120 million 6-inch wafers, totalling approximately 500 megawatts (MW), with shipments commencing in May 2013 through December 2014
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