Sungrow Predicts 107-130% Net Profit Increase for 2020
PVTIME – On the evening of January 25, Sungrow disclosed its performance forecast for 2020. For the reporting period, the company expects to achieve revenue of 19-20 billion yuan, an…
Finance
ReneSola Power Announces $250 Million Registered Direct Offering of ADSs
PVTIME – ReneSola Ltd (“ReneSola Power” or the “Company”) (NYSE: SOL) announced that it entered into securities purchase agreements with several institutional investors for the purchase and sale of 10,000,000…
Trina Solar Forecasts Net Profit of 1.2 – 1.328 Billion Yuan for 2020, a Year-on-Year Increase of 87.55%-107.29%
PVTIME – Last night, Trina Solar Co., Ltd. (hereinafter referred to as “Trina Solar” or the “Company”) released earnings guidance for 2020. The company predicts that the net profit attributable…
Chint Electric Forecasts 70.46%-86.4% Net Profit Increase for 2020
PVTIME – On January 20, Zhejiang Chint Electrics Co., Ltd. (hereinafter referred to as “Chint Electric” or the “Company”) issued its earnings guidance for 2020. According to the announcement, after…
TBEA Announces Plan of Domestic Listing of Its Subsidiary Xinte Energy
PVTIME – TBEA Co., Ltd. (hereinafter referred to as the “Company”) reviewed and approved the previously discussed “Proposal for Planning of Domestic Listing of the Company’s Holding Subsidiary ” during…
GCL-Poly Energy Holdings Limited Plans to Raise HK 4.148 Billion via Placement of Shares
PVTIME – Yesterday, GCL-Poly Energy Holdings Limited (HK 03800) announced the placement of shares equivalent to approximately 18.44% of the company’s existing issued share capital; and approximately 15.57% of the…
Jolywood Forecasts 52.71-62.99% Net Profit Decrease for 2020 and Plans to Sue Private Equity Fund Managers for Losses
PVTIME – On January 10, Jolywood released its annual performance forecast for 2020. The company is expecting to realize a net profit of between 90-115 million yuan for 2020, a…
ReneSola Power Announces Closing of $40.0 Million Registered Direct Offering
ReneSola Ltd (“ReneSola Power” or the “Company”) (NYSE: SOL) today announced that it has closed its previously announced registered direct offering of 2.50 million of American Depositary Shares (ADSs), each…
ReneSola Power and Eiffel Investment Group Announce MOU for Joint Venture to Fund Solar Development in Europe
PVTIME – ReneSola Ltd (“ReneSola Power” or the “Company”) (www.renesolapower.com) (NYSE: SOL) announced today that it signed a Memorandum of Understanding (MOU) with Eiffel Investment Group (“Eiffel”) to establish a…
GCL SI Injects 790 Million Yuan Into Its Hefei Subsidiary to Accelerate the Construction of Its 60GW Module Production Base
PVTIME – On January 4, GCL System Integration announced that in order to accelerate the construction of its 60GW module production project in Hefei, it plans to inject 790 million…
