Sector Update: Technology

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Technology shares are fairly flat in pre-bell trading. JinkoSolar Holding ( JKS ) says it will supply 23MW of Solar PV modules to Swinerton Builders. According to terms of the agreement, deliveries will be completed during Q4.

Swinerton will use JKS's 300W 72 cells high-efficiency PV modules in constructing the Westland Solar Farms, LLC ground-mounted solar plant in Fresno County, California. When completed, this Utility Scale Solar Farm will provide electricity to PG&E. JKS is flat at $13.83, having closed up 8% yesterday.

And, China Telecom ( CHA ) says first-half EPS was RMB 0.13, above the Capital IQ estimate for RMB 0.12. Sales rose 14.1% to RMB 157.5 million, matching forecasts. Subscribers rose 0.9% in July to 1.19 billion. CHA is flat at $51.75.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: CHA , JKS

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