Solar photovoltaic product manufacturer, ReneSola Ltd. (ADR) (NYSE:SOL) recently signed a deal with an Indian engineering, procurement as well as construction firm Juwi India Renewable Energies Pvt. Ltd. to supply 10MW of its Virtus solar modules to the latter. Per the contract, ReneSola will offer the modules in Sep and Nov 2014. The delivery will be started from the company’s original equipment manufacturing facilities in India. The firm is seeming to tap this growing Indian market for solar energy. The firm release a new string of inverter products in India in the first quarter of 2014.
21Vianet Group Inc (NASDAQ:VNET) on Friday hit to over 28% increase after recover its major losses from previous in the week following Morgan Stanley (MS) shielded the firm’s key business despite fraud allegations. The company restated its “overweight” rating with a $35 price target on Thursday following the firm held a conference call to react to the claims. Morgan Stanley reported that 21Vianet’s core business is still intact along with values it at $1B, or $15 per ADS. The corporation also sees upside as management clarifies a number of disputed items.
A partner at Faruqi & Faruqi, LLP, Juan E. Monteverde is examining the BOD of Conversant Inc (NASDAQ:CNVR) for possible breaches of fiduciary duties in connection by means of the sale of the firm to for around $2.3B. The firm’s stockholders may elect to receive cash, stocks, or a combination of both for a total worth of $35.00 for each share of Conversant common stock they own. The shares of the firm experience over 30% boost in stock price to close at $34.80 with 14 million trading share volume.