Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Canadian Solar (NASDAQ: CSIQ ) jumped 13% today after signing a deal to expand manufacturing.
So what: The company agreed to partner with Samsung Renewable Energy to build a solar manufacturing facility in London, Ontario. The plant will begin construction in 2013 and will supply modules to plants like Samsung's 100 MW projects in Haldimand County and Kingston and Loyalist Township. �
Now what: This is a really great partnership for Canadian Solar and helps solidify it as one of the best manufacturers in China. Not a lot of details have been released about the financial impact this will have on Canadian Solar, and with the company reporting losses each quarter, I'm still leery, but strategically, this looks like a good move. Hopefully this will help push the company into profitability later this year or early next year on the back of higher utilization rates and stabilizing prices in the solar industry.
Interested in more info on Canadian Solar? Add it to your watchlist by clicking here.
Top 5 China Stocks For 2014: U S Concrete Inc.(USCR)
U.S. Concrete, Inc. engages in the production and sale of ready-mixed concrete, precast concrete products, and concrete-related products for use in commercial, residential, and public works construction projects in the United States. It operates in two segments, Ready-Mixed Concrete and Concrete-Related Products, and Precast Concrete Products. The Ready-Mixed Concrete and Concrete-Related Products segment involves in the formulation, preparation, and delivery of ready-mixed concrete to customers? job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs. This segment also engages in the mining and sale of aggregates, such as crushed stone aggregates, sand, and gravel; and the resale of building materials, including rebars, concrete blocks, wire mesh, color additives, curing compounds, grouts, wooden forms, concrete masonry, and tools. Th e Precast Concrete Products segment produces a range of precast concrete products for use in various architectural applications, including free-standing walls used for landscaping; soundproofing and security walls; panels used to clad a building facade; and storm water drainages. This segment also offers various finished products consisting of utility vaults, manholes, catch basins, highway barriers, curb inlets, pre-stressed bridge girders, concrete piles, and custom-designed architectural products. The company serves general contractors, concrete sub-contractors, design engineers, architects, governmental agencies, property owners and developers, and home builders principally in Texas, California, New Jersey, and New York. As of March 7, 2011, it had 102 fixed and 11 portable ready-mixed concrete plants, 7 precast concrete plants, and 7 aggregates facilities. U.S. Concrete, Inc. was founded in 1948 and is based in Houston, Texas.
Advisors' Opinion:- [By cnAnalyst]
US Concrete Inc (NASDAQ:USCR) is the 9th best-performing stock last month in this segment of the market. It was up 65.22% for the past month. Its price percentage change was -79.12% year-to-date.
Top 5 China Stocks For 2014: SmartHeat Inc.(HEAT)
SmartHeat Inc. manufactures, sells, and services plate heat exchangers (PHE) in the People?s Republic of China. It offers PHE units, which combine PHEs with various pumps, temperature sensors, and valves and automated control systems; heat meters for use in commercial and residential buildings; and spiral and tube heat exchangers. The company?s products are used in various applications that include energy conversion for heating, ventilation, and air conditioning; and industrial use in petroleum refining, petrochemicals, metallurgy, food and beverage, and chemical processing. SmartHeat sells PHE units under the brand name of Taiyu; and PHEs under the brand names of Taiyu and Sondex. It sells its products through sales force and a network of national distributors. The company is headquartered in Shenyang, the People?s Republic of China.
Top Stocks To Buy Right Now: BHP Billiton Limited(BHP)
BHP Billiton Limited, together with its subsidiaries, operates as a diversified natural resources company worldwide. The company engages in the exploration, development, and production of oil and gas; mining and refining of bauxite into alumina, and smelting of alumina into aluminum metal; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, diamonds, and titanium minerals, as well as development of potash deposits. It also involves in the mining and production of nickel products, manganese ore, and manganese metal and alloys, as well as in the mining of iron ore, metallurgical coal, and thermal coal. BHP Billiton Limited sells its copper, lead, and zinc concentrates, and alumina to smelters; copper cathodes to wire rod mills, brass mills, and casting plants; uranium oxide to electricity generating utilities; rough diamonds to diamond buyers and diamond manufacturers; nickel products to stainless steel, specialty alloy, foundry, chemicals, and refractory ma terial industries; metallurgical coal to steel producers; and energy coal to power stations, power generators, and industrial users. The company, formerly known as BHP Limited, was founded in 1885 and is headquartered in Melbourne, Australia.
Advisors' Opinion:- [By Robert Hsu]
The miner has agreed to purchase the iron-ore contract mining division of contractor Leighton Holdings, which services BHP Pilbara operations. This will allow the mining company to switch to an owner-operator model, leading to reduced cost and increased safety oversight.
Iron ore accounts for about 40% of BHP’s earnings, and the move here is a good one for the company.
In addition, BHP chairman Jacques Nasser recently discussed in an interview with China newswire Xinhua that his company is confident about sustained growth in China. Nasser said the global market turmoil has not changed the company’s view.
Nasser said: "China will continue to grow. I was there recently, and I walked away believing their focus was right, that we may not see 10, 11, 12% growth anymore, but we will see 7, 8, 9% growth, and the texture of the growth may change." Buy BHP.
Top 5 China Stocks For 2014: General Steel Holdings Inc. (GSI)
General Steel Holdings, Inc., through its subsidiaries, engages in the manufacture and sale of steel products in the People's Republic of China. It offers hot-rolled carbon and silicon steel sheets primarily for use in the production of small agricultural vehicles and other specialty markets; spiral-weld pipes for the energy sector primarily to transport oil and steam; and high-speed wire and reinforced bar products for the construction industry. The company sells its products primarily to distributors. General Steel Holdings, Inc. was founded in 1988 and is headquartered in Beijing, the People?s Republic of China.
Top 5 China Stocks For 2014: Changyou.com Limited(CYOU)
Changyou.com Limited develops and operates online games in the People?s Republic of China. It involves in the development, operation, and licensing of massively multi-player online role-playing games (MMORPGs), which are interactive online games that might be played simultaneously by various game players. The company operates seven MMORPGs that include its in house developed Tian Long Ba Bu; and licensed Blade Online, Blade Hero 2, Da Hua Shui Hu, Zhong Hua Ying Xiong, Immortal Faith, and San Jie Qi Yuan. As of December 31, 2010, Changyou?s games in China had approximately 111.4 million aggregate registered accounts; 1.0 million aggregate peak concurrent users; and 2.7 million aggregate active paying accounts. The company was founded in 2003 and is based in Beijing, the People?s Republic of China. Changyou.com Limited is a subsidiary of Sohu.com Inc.
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