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Stock Market & Financial Investment News

News Breaks
June 17, 2014
18:27 EDTGWPH, SUNE, ADBE, ECYT, FLXN, ZBRA, LZB, MCRSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Adobe (ADBE), up 9% after reporting better than expected quarterly results. ALSO HIGHER: MICROS Systems (MCRS), up 1.8%... Flexion Therapeutics (FLXN), up 1.32% after announcing positive topline results from its Phase 2a pharmacokinetic trial... Sunedison (SUNE), up 1.35%. DOWN AFTER EARNINGS: La-Z-Boy (LZB), down 10.23% after reporting fourth quarter revenue below expectations. ALSO LOWER: Endocyte (ECYT), down 18.13% after announcing that Merck (MRK) will no longer pursue development of vintafolide... GW Pharmaceuticals (GWPH), down 5.25%... Zebra Technologies (ZBRA), down 4.6%.
News For ADBE;MCRS;FLXN;SUNE;LZB;ECYT;GWPH;ZBRA From The Last 14 Days
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May 28, 2015
16:07 EDTZBRAZebra Technologies initiated with an Outperform at Oppenheimer
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07:34 EDTSUNESunEdison to build seven solar power plants in Long Island for 14 MW
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May 27, 2015
11:22 EDTSUNEStocks with call strike movement; TWTR SUNE
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07:34 EDTSUNESunEdison's 3.8 MW South Milford, Utah solar plant comes online
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May 26, 2015
15:23 EDTSUNERBC says sell First Solar as earnings power overestimated
RBC Capital cut its rating on solar energy company First Solar (FSLR) to Underperform, its equivalent of a "sell" rating, in a note to investors earlier today. WHAT'S NEW: First Solar's earnings power is significantly below analysts' consensus estimate and the company's guidance, RBC Capital analyst Mahesh Sanganeria wrote. The company's profits will be limited due to the lower selling prices of its modules and its declining gross margin, the analyst stated. Moreover, even if demand for modules is very strong, First Solar's sales will be limited by its capacity, Sanganeria contended. Furthermore, First Solar's cost advantage over competing modules has eroded and may disappear completely, partly due to significant declines in polysilicon prices and manufacturing efficiency improvements, the analyst stated. Sanganeria downgraded the shares to Underperform from Sector Perform and lowered the price target on the stock to $34 from $54. WHAT'S NOTABLE: In contrast, UBS was upbeat on the outlook for another name in the solar sector, SunEdison (SUNE), in its own note to investors today. SunEdison is may begin paying a dividend and could expand into Canadian renewable projects, UBS analyst Julien Dumoulin-Smith wrote. The company may acquire Canadian assets for relatively cheap prices, said Dumoulin-Smith, who kept a $32 price target and Buy rating on SunEdison. PRICE ACTION: In afternoon trading, First Solar dropped 6.7% to $51.41 and SunEdison slipped 1.7% to $30.14. CORRECTION: This story corrects an earlier one to clarify that 8point3 Energy Partners is a growth-oriented limited partnership formed by First Solar and SunPower (SPWR) to own, operate and acquire solar energy generation projects. TerraForm Global is the diversified, dividend growth-oriented company formed to acquire clean energy generation assets from SunEdison.
08:26 EDTSUNESunEdison could pursue dividend to increase value, says UBS
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May 22, 2015
09:53 EDTSUNESunEdison initiated with an Outperform at Wolfe Research
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May 21, 2015
07:33 EDTSUNESunEdison awarded 33MW rooftop solar contract in Southern California
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May 20, 2015
10:00 EDTSUNEOn The Fly: Analyst Initiation Summary
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07:38 EDTLZBLa-Z-Boy management to meet with Barrington
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07:36 EDTADBEJPMorgan to hold a conference
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May 19, 2015
16:42 EDTSUNESunEdison initiated with an Outperform at Baird
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May 15, 2015
12:15 EDTADBEAdobe management to meet with Jefferies
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10:01 EDTADBEOn The Fly: Analyst Initiation Summary
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05:38 EDTADBEAdobe initiated with an Overweight at JPMorgan
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