GCL-POLY ENERGY (03800) continues higher by 5%, hitting fresh high in 4 mths, on JV formed with NRG - AASTOCKS.com

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GCL-POLY ENERGY (03800) continues higher by 5%, hitting fresh high in 4 mths, on JV formed with NRG

2012-02-07 15:40

GCL-Poly Energy Holdings Limited (stock code: 3800.HK), and NRG Solar LLC, a leading photovoltaic utility project developer in the United States, through their respective wholly-owned subsidiary, formed a joint venture named Sunora Energy Solutions 1 LLC. Each of the shareholders owns 50% interest in Sunora accordingly. Sunora will seek to build selected projects developed by NRG Solar using GCL-Poly’s performance-optimized PV system equipment and NRG’s proprietary advanced racking technologies to substantially enhance the financial returns of the projects.

GCL-POLY ENERGY (03800) posting the sixth gaining day. It was last at $2.95, up 5%, on volume of 202 million shares, hitting the fresh high since September last year, after seeing the high $2.96 after the midday. (r)

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