Traders Recap: LICO ENERGY METALS COM NPV (WCTXF), ReneSola Ltd (SOL), Enphase Energy Inc (ENPH)

LICO ENERGY METALS COM NPV (OTCMKTS:WCTXF) reported the plunge of -2.44% and closed at $0.0800, with the total traded volume of 37,703.00 shares. During last trade its minimum price was $0.08 and it gained its highest price of $0.09 and has a total of 106.68 million outstanding shares.

LICO ENERGY METALS COM NPV (OTCMKTS:WCTXF) on September 12, 2017 announced that it is planning to start a Phase 1 diamond drilling on its Teledyne and Glencore Bucke cobalt properties situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario. A minimum 1,500 m diamond drill program is planned to commence approximately on September 21st, 2017, by a reputable diamond drill contractor.

In 1981, Teledyne Canada Ltd. leased the Glencore Bucke Property from Falconbridge Nickel Mines Ltd. as they recognized the exploration potential that the Property had due the possible southern extension of the #3 vein located on the Cobalt Contact Property to the north. In the same year, Teledyne completed 36 diamond drill holes totaling 3,323.3 m, and delineated two zones of mineralization measure approximately 150 m and 70 m in length. The most significant results include 2.12% Co over 1.01 m in diamond drill hole T-18, 0.62% Co over 2.74 m in diamond drill hole T-23, 0.66% Co over 0.73 m, 1.68% Co over 0.46 m in diamond drill hole T-30, and 0.36% Co, 41 oz/t Ag over 0.58 m in diamond drill hole T-37 (Bresee, 1982). The historical reported intersections represent core lengths, and not true widths.

Initially, on the Glencore Bucke Property, the first few holes of the program will be oriented to confirm results from historical drilling completed by Teledyne Canada Ltd., and then followed by step out drill holes to expand the mineralized zones.

ReneSola Ltd (NYSE:SOL) reported the decline of -3.08%, after closing price for the day was $2.20. Its total trading volume for the day was 105,370.00 shares, versus its average volume of 41,690.00 shares.

ReneSola Ltd (NYSE:SOL) on September 5, 2017 announced that it signed an agreement to sell a portfolio of its ground-mounted projects located in North Carolina, United States to a subsidiary of Panda Green Energy Group Limited, a leading investor and operator focusing on renewable energy sector (“Panda Green Energy”, formerly known as “United Photovoltaics Group Limited”).

Powered by ReneSola’s Virtus II 320W and 325W modules, the ground-mounted projects have an aggregate capacity of approximately 24MW and will sell the power generated to a local utility under a 15-year power purchase agreement. The projects are expected to be connected to the grid by December 2017.

Enphase Energy Inc (NASDAQ:ENPH) showing jumped of +0.78% and closed at $1.30, after gaining total volume of 342,995.00 shares. Its earnings per share (EPS) is -$1.06 and its beta value stands at 1.03 points and has total market capitalization of $109.96 million and a total of 84.58 million outstanding shares.

Enphase Energy Inc (NASDAQ:ENPH) on September 6, 2017 announced that its Board of Directors has appointed Badri Kothandaraman as the Company’s new President and Chief Executive Officer and member of its Board of Directors. Mr. Kothandaraman succeeds Paul Nahi, who resigned as President and CEO and a member of the Company’s Board of Directors, effective August 8, 2017.

Prior to joining Enphase in April 2017 as chief operating officer, Kothandaraman gained strong technical, operational, strategy, and leadership experience during his 21-year career at Cypress Semiconductor.  An engineer by training, Kothandaraman received his B.Tech degree from IIT Madras and an M.S. degree in materials science from U.C. Berkeley. He started his career with Cypress Semiconductor in 1995 and worked in process technology development and chip design before becoming vice president of the Asynchronous SRAM Business in 2008. Kothandaraman was subsequently promoted to executive vice president of Cypress’s Data Communications Division in November 2011 and spent the next five years building the USB 3.0, USB-C and the Internet of Things businesses. He also served as the executive director of Cypress Semiconductor Technology India Private Limited from 2012 to 2016. Kothandaraman attended the Stanford Executive Program in 2008 and holds eight U.S. patents.