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Stock Update:Kinross Gold Corporation (USA) (NYSE:KGC); ReneSola Ltd. (ADR) (NYSE:SOL) And Capstone Turbine Corporation (NASDAQ:CPST)

by Tom Kelly |
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Warning: mysqli_query(): (HY000/1194): Table 'wp_options' is marked as crashed and should be repaired in /home/usastock/public_html/wp-includes/wp-db.php on line 1942
Tuesday, Mar 25, 2014
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Warning: mysqli_query(): (HY000/1194): Table 'wp_options' is marked as crashed and should be repaired in /home/usastock/public_html/wp-includes/wp-db.php on line 1942
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class="post-13760 post type-post status-publish format-standard has-post-thumbnail hentry category-business tag-capstone-turbine-corporation-nasdaqcpst tag-kinross-gold-corporation-usa-nysekgc tag-nasdaqcpst tag-nysekgc tag-nysesol tag-renesola-ltd-adr-nysesol">

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Boston, MA, 03/25/2014  (usastockreports) – Kinross Gold Corporation (USA) (NYSE:KGC), one of the biggest gold miners having operations in Russia, has requested Canada to resolve the standoff with Russia by adopting a “balanced approach”, post annexation of Crimea this month. It is mentionable that Canada has imposed travel bans as well as financial sanctions on Russia due the ongoing Ukraine crisis. Therefore, in view of these mounting sanctions over Russia, the gold miner has reportedly approached the Canadian government to request it to consider the Canadian interests in Russia. While the gold miner itself is not impacted due to the political turmoil but it has a substantial interest in Russia, through the operation of its two mines there, which are expected to generate 27% of gold in 2014.

Following its earnings, ReneSola Ltd. (ADR) (NYSE:SOL) gets a rating as well as a price boost from Roth Capital. The research firm upgraded the rating from ‘neutral’ to ‘buy’ and raised the price target to $5. This revision comes in light of the company’s strategy to focus on the integration of 6,000 MT of polysilicon capacity as well as raising its OEM capacity. Yesterday, the company had presented its fourth quarter earnings that was overall on an upbeat. The earnings per share of ReneSola Ltd. (ADR) (NYSE:SOL) stood at $0.01, higher than the estimate of ($0.14) and its revenue stood at $438.8 million during the quarter.

The rally in Capstone Turbine Corporation (NASDAQ:CPST) appears to have fizzled out. This month, the company had reported lots of activities as it announced receipt of orders from the British Royal Air Force for its C200 turbine. But, the news proved to be not so inspiring for the investors. Next, announcement related to its multiple orders from oil and gas companies actually took the stock prices higher. In a nutshell, the prices might not be reflecting the positive sentiment as of now, but the month has been a remarkable one for Capstone Turbine Corporation (NASDAQ:CPST).


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