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US solar energy giant Solaredge's stock price plunged 20% due to tens of millions of dollars in bad debt, triggering a general decline in solar energy stocks.
American cecep solar energy equipment manufacturer SolarEdge's stock price plunged 20% on Tuesday. In a document, SolarEdge said that its customer PM&M Electric owes as much as 11.4 million US dollars and is currently applying for bankruptcy protection. June has become the worst month in the company's history, with a cumulative decline in stock price of nearly 50%.
Daqo New Energy Down Over 7%, on Track for Lowest Close Since June 2020 -- Data Talk
Daqo New Energy Corp Sponsored ADR ( DQ ) is currently at $15.59, down $1.26 or 7.48% --Would be lowest close since June 30, 2020, when it closed at $14.85 --On pace for largest percent decrease sin
Express News | Goldman Sachs: Artificial Intelligence will significantly increase the electrical utilities demand for datacenters.
Wind power or henry hub natural gas, who will be the new engine of the American electric power revolution?
Data centers are the backbone of internet and AI applications, and leaders in the wind power industry believe that economic benefits are enhanced as prices of cecep solar energy panels and batteries decrease. However, natural gas producers believe that they are better equipped to meet the surging demand, especially for data centers.
US stocks fluctuated| Daqo New Energy fell nearly 5%, suffered a significant cut in target price by GLJ research
On June 15th, Gelunhui reported that Daqo New Energy (DQ.US) fell nearly 5% to $19.03, hitting a new low since May 21st. On the news side, GLJ Research analyst Gordon Johnson maintained a sell rating for Daqo New Energy and lowered the target price from $41.81 to $12.51.
Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Friday Trading
Asian equities traded in the US as American depositary receipts were trending lower Friday morning, declining 0.9% to 1,933.52 on the S&P Asia 50 ADR Index. The index is down 0.5% for the week so far.