Suntech Power(STP), which today announced the signing of a $50 million convertible loan agreement with the World Bank's IFC, saw its shares rise 1% in the afternoon.
SunPower announced plans yesterday to work with Wells Fargo to fund some $100 million worth of solar projects. Wells Fargo will provide the financing. Customers will enter into purchase agreements with SunPower, which will also design, build and maintain the solar installations. Canadian Solar(CSIQ) shares were down 2.3%, while JA Solar's(JASO) ADRs were losing 1.5%. Earlier today, JA Solar said its COO was retiring. In the same announcement, Baofang Jin, the company's co-founder, chairman and biggest shareholder, was named the executive chairman with additional senior management responsibilities. Samuel Yang will continue as CEO.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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