Technical Commentary on Semiconductors Equities -- Ascent Solar Technologies, JinkoSolar Holding, ReneSola, First Solar, and SunPower
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LONDON, September 2, 2014 /PRNewswire/ --
On Friday, August 29, 2014, the NASDAQ Composite ended at 4,580.27, up 0.50%, the Dow Jones Industrial Average finished the day 0.11% higher at 17,098.45, and the S&P 500 closed at 2,003.37, up 0.33%. The gains were broad based as all the ten sectors ended the session in positive. The S&P 500 Information Technology Sector Index ended the day at 664.91, up 0.45%, and the index has advanced 4.10% in the last one month. Investor-Edge has initiated coverage on the following equities: Ascent Solar Technologies Inc. (NASDAQ: ASTI), JinkoSolar Holding Company Ltd. (NYSE: JKS), ReneSola Ltd. (NYSE: SOL), First Solar Inc. (NASDAQ: FSLR), and SunPower Corporation (NASDAQ: SPWR). Free research on these five companies can be accessed at:
http://investor-edge.com/register
On Friday, shares in Ascent Solar Technologies Inc. recorded a trading volume of 2.09 million shares, higher than its three months average volume of 0.12 million shares. The stock finished the day at $2.83, up 55.49%, and registered an intraday range of $1.83 and $2.96. Shares of Ascent Solar Technologies Inc. have lost 19.11% in the last one month and 29.25% in the past three months. Also, the stock has plummeted 59.86% on YTD basis. Furthermore, the company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $5.49 is above its 50-day moving average of $3.62. Additionally, shares of Ascent Solar Technologies Inc. have a Relative Strength Index (RSI) of 46.83. Sign up and read the free notes on ASTI at:
www.Investor-Edge.com/ASTI-02Sep2014
JinkoSolar Holding Co. Ltd's stock advanced 0.72%, to close Friday's session at $29.22, after oscillating between $28.52 and $29.27. The stock recorded a trading volume of 0.89 million shares, below its three months average volume of 1.74 million shares. Over the last one month and past three months, JinkoSolar Holding Co. Ltd's shares have surged 22.11% and 4.25%, respectively. However, from the beginning of 2014, the stock has fallen by 0.27%. The company's stock is trading above its 50-day and 200-day moving averages. The stock's 200-day moving average of $28.98 is above its 50-day moving average of $27.51. Further, JinkoSolar Holding Co. Ltd's stock traded at a PE ratio of 11.78 and has an RSI of 62.45. The complimentary notes on JKS can be downloaded as in PDF format at:
www.Investor-Edge.com/JKS-02Sep2014
On Friday, shares in ReneSola Ltd finished the session 6.23% higher at $2.73. A total of 1.51 million shares were traded, which was below its three months average volume of 1.64 million shares. The stock moved between $2.58 and $2.77 during the session. Over the last one month and past three months, ReneSola Ltd's shares have gained 16.17% and 7.48%, respectively. However, the stock has declined 20.87% since the start of this year. The company's shares are trading above their 50-day moving average. Moreover, the stock's 200-day moving average of $3.19 is greater than its 50-day moving average of $2.65. Shares of ReneSola Ltd have an RSI of 55.70. Register for free on Investor-Edge and access the latest research on SOL at:
www.Investor-Edge.com/SOL-02Sep2014
First Solar Inc.'s stock fluctuated between $69.21 and $69.95 before ending Friday's session up 0.77%, at $69.68. The stock reported a trading volume of 0.97 million shares, below its three months average volume of 2.65 million shares. Further, First Solar Inc.'s shares have rallied 12.33% over the last one month and 12.79% over the past three months. Also, the stock has gone up 27.53% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $67.10 is greater than its 200-day moving average of $61.79. Moreover, shares of First Solar Inc. traded at a PE ratio of 16.61 and have an RSI of 57.14. The complete research on FSLR is available for free at:
www.Investor-Edge.com/FSLR-02Sep2014
SunPower Corp.'s stock gained 0.45%, to close Friday's session at $38.22, after vacillating between $37.93 and $38.43. The stock recorded a trading volume of 0.90 million shares, below its three months average volume of 2.74 million shares. Over the last one month, SunPower Corp.'s shares have advanced 11.23%. Also, over the past three months and from the beginning of 2014, the stock has surged 14.64% and 28.21%, respectively. The shares of the company are trading above their 50-day and 200-day moving averages. The stock's 50-day moving average of $37.72 is above its 200-day moving average of $33.46. Further, SunPower Corp.'s stock traded at a PE ratio of 32.44 and has an RSI of 59.85. Free in depth research on SPWR is available at:
www.Investor-Edge.com/SPWR-02Sep2014
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