(EMAILWIRE.COM, March 19, 2010 ) Dallas, Tx - Integrated Device Technology, Inc. (NASDAQ:IDTI) surged 0.27% to $3.65 after it announced that it has acquired mechanical equipment from L&K Engineering Co., Ltd. at NTD 1,779,520,935.
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Trina Solar Limited (ADR) (NYSE:TSL) spurted 2.04% to $20.96 after it announced that its follow-on public offering of 7,900,000 American depositary shares, or ADSs, each representing 50 ordinary shares of the Company, was priced at $20.25 per ADS. Trina Solar has granted the underwriters a 30-day option to purchase up to an additional 1,185,000 ADSs. Trina Solar will receive net proceeds of approximately $152.6 million, or $175.6 million if the underwriters exercise their over-allotment option in full, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. Trina Solar intends to use the net proceeds from the offering to expand manufacturing facilities for the production of PV cells and modules, for research and development purposes, including the expansion of its research and development center, and for downstream projects and general corporate purposes.
Canadian Solar Inc. (NASDAQ:CSIQ) zoomed 1.25% to $21.84. The stock has a 52-week range of $3.97-$33.68.
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