Acquisitions, Lawsuits, New Programs, Appointments, and Restated Credit Facilities - Research Report on SolarCity, Trina Solar, Canadian Solar, InvenSense, and ON Semiconductor Editor Note: For more information about this release, please scroll to bottom. PR Newswire NEW YORK, October 16, 2013 NEW YORK, October 16, 2013 /PRNewswire/ -- Today, Analysts' Corner announced new research reports highlighting SolarCity Corp. (NASDAQ: SCTY), Trina Solar Limited (ADR) (NYSE: TSL), Canadian Solar Inc. (NASDAQ: CSIQ), InvenSense Inc. (NYSE: INVN), and ON Semiconductor Corp. (NASDAQ: ONNN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. SolarCity Corp. Research Report On October 9, 2013, SolarCity Corp. (SolarCity) and Zep Solar, Inc. (Zep Solar) announced that they have entered into a definitive agreement under which SolarCity will acquire Zep Solar for approximately $158 million. SolarCity stated that the purchase price is payable in shares of SolarCity common stock, and is subject to reduction for the amount of net indebtedness of Zep Solar as at the close of the deal. SolarCity stated that Zep Solar's product portfolio works as a comprehensive system that reduces the cost and complexity of designing, shipping, warehousing, and installing PV systems, and its technology has helped SolarCity's installation crews to double the number of residential systems they can install each day since they began using the product earlier in 2013. Zep Solar will operate as an independent business unit of SolarCity, and the two Companies plan to market and sell Zep Solar products in Australia, Germany, Japan, and the United Kingdom after the closing of the acquisition, which is expected in December 2013. The Full Research Report on SolarCity Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9fe0_SCTY] -- Trina Solar Limited (ADR) Research Report On October 11, 2013, Trina Solar Limited (ADR) (Trina Solar) issued a comment on the filing of an antitrust and unfair trade practice lawsuit by Energy Conversion Devices against the Company and other China-based solar manufacturers in the U.S. District Court for the Eastern District of Michigan. Trina Solar stated that it believes the lawsuit to be without merit and will defend itself against the baseless allegations in the complaint. In addition, the Company stated that it is not in a position to evaluate the potential impact of this lawsuit on its business at present. The Full Research Report on Trina Solar Limited (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/359f_TSL] -- Canadian Solar Inc. Research Report On October 7, 2013, Canadian Solar Inc. (Canadian Solar) announced the launch of the Canadian Solar Residential Financing Program, which targets the growing U.S. residential solar markets, and is designed to aid residential solar installers and developers to complete more solar projects in the U.S. market. The Company said that it is launching the program in partnership with Boston, Massachusetts based, privately held Admirals Bank. Commenting on the program, Dr. Shawn Qu, Chairman and CEO of Canadian Solar, stated, "We believe there is a great opportunity to leverage our scale to help customers in the U.S. residential market to more easily gain access to necessary financing at attractive rates. We have a very qualified partner in Admirals Bank, as we work to streamline the process for both residential customers and installers. This latest program will further build on Canadian Solar's global leadership in renewable energy as we continue to deliver high-value, high-quality solar energy solutions." The Full Research Report on Canadian Solar Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3fbd_CSIQ] -- InvenSense Inc. Research Report On October 10, 2013, InvenSense Inc. (InvenSense) announced that Adam Tachner has been named as the Company's Vice President and General Counsel. InvenSense stated that in this new role, Tachner will be responsible for all legal matters and the Company's intellectual property and legal strategies worldwide. Commenting on the appointment, Behrooz Abdi, President and CEO of InvenSense, stated, "Adam is a talented lawyer who will immediately provide valuable insights to our executive and legal teams as he manages and directs the Company's intellectual property strategy, litigation management, governance, and licensing." The Company informed that Tachner previously served as Vice President and General Counsel of Qualcomm Inc.'s Atheros division. The Full Research Report on InvenSense Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5fb5_INVN] -- ON Semiconductor Corp. Research Report On October 10, 2013, ON Semiconductor Corp. (ON Semiconductor) announced that it has entered into an amended and restated senior revolving credit facility with a group of lenders, which amends the Company's facility entered into in December 2011. The Company stated that the restated credit facility enables it to borrow up to $800 million under revolving loans and has a five-year term that expires in October 2018. The Company added that the facility is expected to bear interest at LIBOR or base rate plus an applicable rate that varies based on leverage ratio of the Company. ON Semiconductor informed that it is borrowing $120 million of the $800 million available under the new facility and intends to use these funds for general corporate purposes. The Full Research Report on ON Semiconductor Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/513c_ONNN] ---- EDITOR NOTES: 1.This is not company news. 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Acquisitions, Lawsuits, New Programs, Appointments, and Restated Credit Facilities - Research Report on SolarCity, Trina Solar,
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