- On a day when its shares gained 9.4% in regular trading and closed near their 52-week high of $37.98 (made last week), JinkoSolar (JKS) announces it's selling 2.75M shares (current value of $97M) and $100M worth of convertible senior notes due 2019. Underwriters will have 412.5K-share and $15M overallotment options. (PR)
- Jinko is far from the only solar name to take advantage of a massive solar stock rally to raise cash. Following a 3.5M-share offering the company carried out in September, Jinko ended Q3 with $218.7M in cash/equivalents and $392.8M in debt.
- Yesterday, Jinko sold off after announcing it's mulling a sale or spinoff of its downstream (solar project) unit. But shares more than made up for it today.
Below these are the Solar stocks I am follow on 2014.
Solar Stocks List
Solar Pure Plays:
•SunPower Corporation (Nasdaq: SPWR)
•First Solar Inc. (Nasdaq: FSLR)
•Evergreen Solar (Nasdaq: ESLR)
•SunTech Power Holdings (NYSE: STP)
•Trina Solar (NYSE: TSL)
•Solarfun Power Holdings (Nasdaq: SOLF)
•Canadian Solar Inc. (Nasdaq: CSIQ)
•JA Solar Holdings (Nasdaq: JASO)
•China Sunergy (Nasdaq: CSUN)
•LDK Solar (NYSE: LDK)
•ReneSola Ltd. (NYSE: SOL)
Smaller companies with Solar exposure:
•Energy Conversion Device (Nasdaq: ENER)
•Hoku Scientific (Nasdaq: HOKU)
•Daystar Technologies (Nasdaq: DSTI)
•Spire Corporation (Nasdaq: SPIR)
Solar Energy ETFs:
•Market Vectors Solar Energy ETF (KWT)
•Claymore/MAC Global Solar Energy (TAN)
Bigger companies with Solar exposure:
•MEMC Electronics (NYSE: WFR)
•General Electric Co. (NYSE: GE)
•Boeing Co. (NYSE: BA)
•British Petroleum (NYSE: BP)
•Royal Dutch Shell (NYSE: RDS-B)
•Kyocera (NYSE: KYO)
•Applied Materials (Nasdaq: AMAT)
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