Mitsubishi UFJ Financial Group Inc (NYSE:MTU) shares declined by 4.38%, ReneSola Ltd (NYSE:SOL)

Posted by Steve Raasch June 4, 2013 0 Comment 1124 views


Mitsubishi UFJ Financial Group Inc (NYSE:MTU): In Monday’s trading session, shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) dipped by 4.38%. The opening price of the shares was $5.66 which reached an intraday high of $5.69 before dropping to $5.68 per share. In excess of 7.58M shares exchanged in the trading session on Monday. This number was higher than the average volume of 4.81M that was measured over 30-day period.

MTU is The Bank of Tokyo-Mitsubishi UFJ, Ltd’ holding company. Mitsubishi UFJ Trust and Banking Corporation, Ltd, Mitsubishi UFJ Morgan Stanley Securities Co Ltd, Mitsubishi UFJ Securities Holdings Co, Mitsubishi UFJ NICOS Co and other companies are involved in a variety of financial businesses. Mitsubishi UFJ Financial Group Inc (NYSE:MTU)’s services include trust banking, commercial banking, credit cards. The company also offers services such as securities, asset management, leasing, consumer finance and fields of financial services. In 2010 May, MTU and Morgan Stanley set-up two joint ventures in Japan. They integrated their respective Japanese securities companies that were involved in securities businesses and investment banking.

ReneSola Ltd (NYSE:SOL): In Monday’s trading session, shares of ReneSola Ltd (NYSE:SOL) dipped by 1.99%. The opening price of the shares was $2.01 which reached an intraday high of $2.03 before dropping to $1.97 per share. In excess of 1.57M shares exchanged hands in the trading session on Monday. This number was lower than the average volume of 1.68M that was measured over 30-day period.

SOL has agreed to supply 10 MW of  Virtus II solar photovoltaic modules to Vitec Company Ltd for utility-scale, solar photovoltaic projects located in Japan. These PV projects will be spread across the nation and will also vary in size, ranging from 600 kW-2.4 MW. ReneSola Ltd (NYSE:SOL) has had a presence in Japan since 2012 October. Since that time it has been listed with the Japan Photovoltaic Expansion Center. It also holds certification from the Japan Electrical and Environment Technology Laboratories. Japan has now become the company’s third-largest end market. SOL has stated that it expects the company shipments to Japan to increase substantially in the latter half of 2013


About Steve Raasch

Steve Raasch is a breaking news reporter for GDP insider. During his nearly two decades of editorial experience, Steve has covered a variety of topics including small business, health, personal finance, advertising, workplace issues and consumer behavior. Steve is very passionate about his work. Steve earned a master of arts degree in international relations from the Johns Hopkins University School of Advanced International Studies in Washington.

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