Filing Date Extensions, Loan Facilities, Financial Results, Acquisitions, and New Office - Analyst Notes on GT, Canadian Solar, SunPower, Trina Solar, and ReneSola

NEW YORK, March 10, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding GT Advanced Technologies Inc. (NASDAQ: GTAT), Canadian Solar Inc. (NASDAQ: CSIQ), SunPower Corporation (NASDAQ: SPWR), Trina Solar Limited (NYSE: TSL), and ReneSola Ltd. (NYSE: SOL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register

--

GT Advanced Technologies Inc. Analyst Notes

On March 3, 2014, GT Advanced Technologies Inc. (GT) announced delay in its Form 10-K filing for full-year 2013 due to the incomplete internal review of a potential decrease in current tax liability. The Company informed that it expects resolution of the issue to bear no impact on its guidance and financial results, which was previously reported on February 24, 2014. GT stated that though Securities and Exchange Commission rules permit an extension to file until March 18, 2014, it anticipates completing the work necessary to file its Form 10-K before the assigned date. The full analyst notes on GT Advanced Technologies Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03102014/GTAT/report.pdf

--

Canadian Solar Inc. Analyst Notes

On February 26, 2014, Canadian Solar Inc. (Canadian Solar) announced that Natixis, New York Branch/Norddeutsche Landesbank Girozentrale, New York Branch/Cooperative Centrale Raiffeisen-Boerenleenbank B.A./"Rabobank Nederland', New York Branch, will provide the Company with up to CAD52 million, in non-recourse, construction plus term financing. The Company informed that the loan facility has a maturity term of construction plus 10 years and will be used to finance the previously announced 10MW (ac) utility-scale solar power project "Glenarm", which is being acquired by DIF Infra 3 RE Canada (Ltd). Dr. Shawn Qu, Chairman and CEO of Canadian Solar, said, "Access to attractive financial backers gives us a distinct competitive advantage and has been essential to the successful rapid ramp of our project pipeline. As a Tier 1 company, we are committed to meeting all project performance and schedule expectations, as we continue to expand our late-stage project pipeline and total solar solutions business around the world, including Canada, Japan, the United States and other promising markets." Developed by Canadian Solar, the solar power plant is expected to be in commercial operation by Q4 2014. The full analyst notes on Canadian Solar Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03102014/CSIQ/report.pdf

--

SunPower Corporation Analyst Notes

On February 12, 2014, SunPower Corp. (SunPower) reported its Q4 FY 2013 and FY 2013 financial results (period ended December 29, 2013). For the quarter, the Company reported GAAP revenue of $638.1 million, compared $678.5 million in Q4 FY 2012. GAAP net income totaled $22.3 million in Q4 FY 2013, compared to a net loss of $144.8 million in Q4 FY 2012. GAAP net income per diluted share was $0.15 in Q4 FY 2013, compared to a net loss of $1.22 per diluted share in Q4 FY 2012. For FY 2013, GAAP revenue totaled $2.5 billion, compared to $2.4 billion in FY 2012. GAAP net income totaled $95.6 million in FY 2013, compared to a net loss of $352.0 million in FY 2012. GAAP net income per diluted share was $0.70 in FY 2013, compared to a loss of $3.01 per diluted share in FY 2012. For FY 2014, the Company expects GAAP revenue of $2.45 billion to $2.65 billion. The full analyst notes on SunPower Corporation are available to download free of charge at:  

http://www.AnalystsReview.com/03102014/SPWR/report.pdf

--

Trina Solar Limited Analyst Notes

On February 14, 2014, Trina Solar Limited (Trina Solar) announced that it has entered into an agreement with Shenzhen S.C. New Energy Technology Corporation (Shenzhen S.C) to acquire a majority stake in the latter's wholly-owned subsidiary, Hubei Hongyuan PV Science and Technology Co., Ltd., a specialized PV cell producer located in Xiantao, Hubei Province. According to Trina Solar, under the terms of the agreement it will hold a 51% stake in Hubei Hongyuan while the remaining 49% stake will be held by Shenzhen S.C. Mr. Jifan Gao, chairman and CEO of Trina Solar, said, "Shenzhen S.C. and Hubei Hongyuan have extensive and proven experience in manufacturing superior quality solar equipment and products, respectively. This acquisition will provide Trina Solar with the benefit of greater access to solar cell manufacturing capacity and at a low cost of capital." The Company informed that new joint venture company will expand Hubei Hongyuan's existing production facilities and solid infrastructure to achieve an expected capacity of 420 MW by the middle of 2014. The full analyst notes on Trina Solar Limited are available to download free of charge at:

http://www.AnalystsReview.com/03102014/TSL/report.pdf

--

ReneSola Ltd. Analyst Notes

On February 24, 2014, ReneSola Ltd. (ReneSola) announced the opening of its newest office in Lyon, France. The Company informed that the office will provide regional sales and customer support services. Mr. Xianshou Li, ReneSola's CEO, said, "Our new office in France joins our already expansive global sales and marketing network, which enables us to target the most compelling solar markets worldwide with local expertise and provide our customers with the quality and timeliness of service that they require." The full analyst notes on ReneSola Ltd. are available to download free of charge at:

http://www.AnalystsReview.com/03102014/SOL/report.pdf  

--

About Analysts Review
We provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

--

=============

EDITOR NOTES:

• This is not company news. We are an independent source and our views do not reflect the companies mentioned.
• Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
• This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
• If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] AnalystsReview.com.
• For any urgent concerns or inquiries, please contact us at compliance [at] AnalystsReview.com.
• Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] AnalystsReview.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Analysts Review in this article or report according to the Procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Analysts Review

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED