Stocks in Queue: Canadian Solar Inc (CSIQ), JA Solar Holdings Co., Ltd (JASO), LICO ENERGY METALS COM NPV (WCTXF)

Canadian Solar Inc (NASDAQ:CSIQ) reported the surge of +0.12% and closed at $16.52, with the total traded volume of 709,680.00 shares. During last trade its minimum price was $16.07 and it gained its highest price of $16.67 and has a total of 57.83 million outstanding shares.

On September 12, 2017, Recurrent Energy and Peninsula Clean Energy (“PCE”) announced a 15-year Power Purchase Agreement (“PPA”) for 100 megawatts of new solar power. Recurrent Energy is a wholly-owned subsidiary of Canadian Solar Inc (NASDAQ:CSIQ), and PCE is the community choice energy agency serving San Mateo County.

Electricity will be delivered to PCE from Recurrent Energy’s Mustang Two solar photovoltaic project in Kings County, in central California. The project is expected to reach commercial operation in 2019. Following commercial operation, the project will begin delivering power to PCE pursuant to the terms of the PPA.

JA Solar Holdings Co., Ltd (NASDAQ:JASO) reported the surge of +2.32%, after closing price for the day was $8.38. Its total trading volume for the day was 1.32 million shares, versus its average volume of 747,611.00 shares. Its earnings per share are $1.65.

JA Solar Holdings Co., Ltd (NASDAQ:JASO) on August 22, 2017 announced its unaudited financial results for its second quarter ended June 30, 2017.




Net revenue was RMB 6.0 billion ($878.1 million), an increase of 44.7% y/y and 61.2% sequentially.

Gross profit of RMB 770.8 million ($113.7 million) increased 22.7% y/y and 77.9% sequentially.  Gross margin was 12.9%, which compares to 15.3% in the year-ago quarter, and 11.7% in the first quarter of 2017.

Total operating expenses of RMB 515.7 million ($76.1 million) were 8.7% of revenue.  This compares to operating expenses of 10.7% of revenue in the year-ago quarter, and 9.6% of revenue in the first quarter of 2017.

Operating profit was RMB 255.1 million ($37.6 million), compared to RMB 188.0 million ($27.7 million) in the year-ago quarter, and RMB 80.0 million ($11.8 million) in the first quarter of 2017.  Operating margin was 4.3%, compared with 4.6% in the prior year period and 2.2% in the previous quarter.

Interest expense was RMB 82.6 million ($12.2 million), compared to RMB 68.8 million ($10.1 million) in the year-ago quarter, and RMB 83.3 million ($12.3 million) in the first quarter of 2017.

LICO ENERGY METALS COM NPV (OTCMKTS:WCTXF) showing no change and closed at $0.0820, after gaining total volume of 9,500.00 shares. Its earnings per share (EPS) is -$0.07 and has total market capitalization of $8.75 million and a total of 106.68 million outstanding shares.

LICO ENERGY METALS COM NPV (OTCMKTS:WCTXF) on August 31, 2017 announced that, Mr. Greg Reimer has joined the LiCo Energy Metals Board of Directors.

Greg Reimer is the former Executive Vice-President (EVP) of BC Hydro’s Transmission & Distribution (T&D) business group, and held the EVP position from June 2010 until recently leaving BC Hydro to pursue work in the green energy field. In his senior executive capacity, Greg brings a wealth of operational experience and strong leadership from over 26 years in the public sector.

At BC Hydro, Greg was responsible for approximately 2,300 employees who plan, design, build, operate and maintain the systems and assets needed to deliver electricity safely and reliably to BC Hydro’s four million customers. In total, Greg was accountable for $580M in annual capital investments in transmission and distribution infrastructure, and $325M in annual operating and maintenance expenditures. Greg also recently led a major strategic, multi-year transformation of BC Hydro’s T&D organization that is increasing operational efficiency, improving safety performance, building a more reliable, modern electricity grid to meet growing customer expectations.   BC Hydro is Canada’s third largest electric utility with over $5.7 billion in annual revenues.

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