New York, NY -- (ReleaseWire) -- 01/04/2013 --SunPower Corporation (NASDAQ:SPWR) 9.07 +2.94 (47.96%).
Analysts at Lazard upgraded the stock to Buy from Neutral with an $11 price target, one day after the company sold its Antelope Valley solar projects in southern California to Berkshire Hathaway (BRK.A) for more than $2 billion.
MidAmerican Solar, a subsidiary of MidAmerican Renewables, and SunPower Corp. (SPWR) announced MidAmerican Solar's acquisition from SunPower of the 579-megawatt Antelope Valley Solar Projects (AVSP), two co-located projects in Kern and Los Angeles Counties in Calif. Together, the two combined projects will form the largest permitted solar photovoltaic power development in the world and will create an estimated 650 jobs during construction.. SPWR develops solar power products.
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LDK Solar Co., Ltd (ADR) (NYSE:LDK) 1.92 +0.34 (21.52%).
LDK announced that it has signed a purchase agreement with Shanghai Qianjiang Group in which Qianjiang Group has agreed to purchase all shares of LDK Anhui, located in Hefei City, for approximately RMB 25 million. According to the terms of the agreement, Qianjiang Group will release the guarantee LDK Solar provided to LDK Anhui and its subsidiaries within 12 months, as well as compensate LDK Solar for any loss associated with such guarantee, prior to its release. LDK Solar Co., Ltd. is a vertically integrated manufacturer of Photovoltaic (PV) products.
Find out more about LDK by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=LDK
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