New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 24, 2014
08:09 EDTCSIQ, HTHIYCanadian Solar to supply 18MW of solar modules to Hitachi in Japan
Canadian Solar (CSIQ) announced that it has been awarded a module supply agreement to provide 18MW of photovoltaic modules to Hitachi (HTHIY) for a solar power project in Japan. The project is owned by Eurus Energy Holdings Corporation with Hitachi as its EPC contractor. This 18MW solar power project is expected to be in operation in March 2015. Canadian Solar will supply approximately 73,556 pieces of its 60 cell high efficiency CS6P255P modules with power output of 255Wp for this project. This solar power plant will power approximately 5,000 homes and is expected to displace approximately 9,200 tons of carbon dioxide emissions each year.
News For CSIQ;HTHIY From The Last 14 Days
Check below for free stories on CSIQ;HTHIY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 18, 2014
12:48 EDTCSIQSolar stocks rise after successful IPO in space
Shares of solar energy companies are rising after a solar energy company's subsidiary surged on its first day of trading. WHAT'S NEW: The shares of SunEdison (SUNE) subsidiary TerraForm (TERP) are surging 36% in early afternoon trading. TerraForm Power opened at $33.26 and was trading near $34 per share at midday, after its initial public offering priced at $25 per share. TerraForm was formed to own and operate assets that generate clean power and the company plans to pay dividends. In a note to investors yesterday, Josh Baribeau, an analyst at Canaccord Genuity, wrote that TerraForm is a Yieldco. Subsidiaries of energy companies that own power plants and projects, Yieldcos typically trade on stock exchanges. Noting that TerraForm's IPO had priced at the high end of its expected range yesterday and was well oversubscribed, Baribeau wrote that this outcome reflects the strong demand for Yieldcos among investors. The Yieldcos provide investors with yield which is in high demand in today's low interest rate environment, the analyst stated. Additionally, as a result of the strong demand for Yieldcos' stocks, they provide their parent companies with "cheap and abundant capital," the analyst stated. SunEdison and TerraForm will grow their combined cash available for distributions at a faster rate than their target of 15% over the next three years, helping SunEdison's stock rise, the analyst stated. He kept a $30 price target and Buy rating on SunEdison. WHAT'S NOTABLE: A number of solar energy companies that own solar projects could form Yieldcos, research firm Trefis wrote in a Forbes column last month. Like Canaccord's Baribeau, Trefis believes that Yieldcos provide their parent companies with a cheap source of funding. Yieldcos also distribute most of their cash through dividends, Trefis stated. The firm named First Solar (FSLR) and SunPower (SPWR) as companies that could launch their own Yieldcos. PRICE ACTION: In early afternoon trading, Terraform jumped 36% to $34 and SunEdison was down 1% to $22.76. Meanwhile, First Solar rose 1.4% to $62.29, SunPower climbed 2.7% to $38.71, JinkoSolar gained 2.8% to $26.75, and Canadian Solar (CSIQ) advanced 3% to $28.71.
July 16, 2014
07:08 EDTCSIQCanadian Solar responds to WTO ruling against U.S. PV import duties
Subscribe for More Information
July 15, 2014
07:04 EDTCSIQWTO says U.S. tariffs on Chinese solar cells against rules, Xinhua reports
The World Trade Organization yesterday ruled that U.S. tariffs on Chinese solar cells violated the rules of the organization, according to Xinhua. China requested that the WTO probe the subsidies in 2012, the news service noted. The WTO also said that U.S. tariffs on Chinese steel products and paper violated the organization's rules, the news service added. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).Reference Link
July 14, 2014
11:16 EDTCSIQWTO finds U.S. violates trade rules with tariffs on Chinese steel, solar panels
Subscribe for More Information
July 9, 2014
14:39 EDTCSIQCanadian Solar recent sell-off overdone, says Northland
Northland met with management and said the company is gaining share in the U.S. and Americas and business is good in Japan, indicating project business is tracking to their presentation. The firm views the recent sell-off as overdone and notes a significant percentage of completion revenue will be recognized in Q2.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use