Nasdaq

First Solar will build a fifth US module plant with 3.7 GW of annual output, lifting its total domestic capacity to more than 14 GW by 2026 and reinforcing its position as the country’s largest solar manufacturer.

SunPower has regained Nasdaq compliance and posted its first quarterly profit in four years, but the results remain unaudited. The company had received a deficiency notice for failing to meet listing requirements.

Maxeon has challenged Nasdaq’s decision to potentially delist it from the Global Select Market and is now implementing a reverse stock split to raise its bid price above the required threshold. A hearing on the matter is pending.

The two big solar players are preparing to list big slices of their business on the STAR market tech board.

The China Energy Investment Corp is planning to invest RMB22 billion in a facility in the autonomous region. The state-owned mining and energy company has signed a framework agreement with the government of the city of Yijin Holo Banner for the project.

Module manufacturing giant Canadian Solar says it has seen demand for modules bounce back in the second quarter of 2020, with module shipments and revenue for the period both exceeding guidance. The company is pressing ahead with plans for a second listing on a stock market in China as part of its strategy to deal with accelerating industry growth and market consolidation over the coming months.

Lack of flannel in the latest quarterly and full-year filing indicates the Israeli inverter maker is happy the figures speak for themselves. The company is in an expansionary mode as it enters the energy storage and electrical vehicle markets with cash from its financial warchest.

The Chinese manufacturer debuted on the Shenzhen exchange in mid December, after de-listing from New York’s NASDAQ in 2018. The company plans to roll out 10 GW of new module capacity and 5 GW of cell lines over four years.

Bronstein, Gewirtz & Grossman LLP claims JA Solar intended to relist on the Shenzhen exchange after merging with its holding company in July, but did not outline that intent when it asked U.S. shareholders to vote on the planned merger.

Last December, the company’s CEO made a proposed transaction offer to acquire Canadia Solar. Mulling the offer, a special committee has now advised the company’s board to cease its review of the proposal, highlighting that it could not find sufficient certainty in the CEO’s ability to secure the funding for the transaction. Following the news today the CEO has withdrawn his offer.