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Stock Market & Financial Investment News

News Breaks
August 5, 2014
13:45 EDTTSL, CSIQ, CSUN, JKSChina may implement new policies to encourage solar energy use, Bloomberg says
China may unveil policies as soon as this month to encourage businesses to install solar technology on roofs, according to Bloomberg. The policies would call for local planners to add more projects that would enable electricity to be distributed to nearby consumers, the news service reported, citing unnamed sources. Shares of Chinese solar energy companies are surging today, with Canadian Solar (CSIQ) jumping 5% to $25, JinkoSolar (JKS) climbing 6.5% to to $25.25, China Sunergy (CSUN) gaining 3.5% to $3, and Trina Solar (TSL) advancing 7% to $11.50. Reference Link
News For CSIQ;JKS;CSUN;TSL From The Last 14 Days
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March 4, 2015
15:13 EDTCSIQNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Costco (COST), consensus $1.18... Kroger (KR), consensus 90c... Joy Global (JOY), consensus 36c... Ares Management (ARES), consensus 36c... Canadian Solar (CSIQ), consensus $1.34.
15:08 EDTCSIQCanadian Solar March weekly volatility increases into Q4 and outlook
Canadian Solar March weekly call option implied volatility is at 167, March is at 89, April is at 69, July is at 62; compared to its 26-week average of 71 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on March 5.
06:31 EDTTSL, CSIQSolar energy's future in Japan in doubt, NY Times says
The use of solar energy in Japan has surged in the last two years, but utilities say they can't cope with the large number of entities now looking to sell solar energy to them, according to The New York times. The utilities' willingness to invest more money in solar largely depends on the government's commitment to clean energy, the newspaper stated, noting that the government is reviewing its clean energy policies. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
06:18 EDTTSLTrina Solar sees FY15 shipments 4.4 GW-4.6 GW
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06:16 EDTTSLTrina Solar sees Q1 shipments 840 MW-870 MW
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06:15 EDTTSLTrina Solar reports Q4 EPS 13, consensus 13c
Reports Q4 revenue $705.04M, consensus $642.88M. Reports Q4 EPS ex-items 21c. Total module shipments were 1,098.8 MW, consisting of 1,070.5 MW of external shipments and 28.3 MW of shipments to the company's own downstream power projects.
March 3, 2015
15:20 EDTTSLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PetSmart (PETM), consensus $1.38... Trina Solar (TSL), consensus 13c... Lexicon Pharmaceuticals (LXRX), consensus (3c)... Abercrombie & Fitch (ANF), consensus $1.15... American Eagle Outfitters (AEO), consensus 34c... E. W. Scripps (SSP), consensus 40c.
09:04 EDTCSIQ, TSL, JKSSolar stocks could benefit from developments in China, says Roth Capital
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March 2, 2015
09:22 EDTJKSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Amira Nature Foods (ANFI), up 8.6%... Stratasys (SSYS), up 3.6%... Magnum Hunter (MHR), up 3%. ALSO HIGHER: Mavenir Systems (MVNR), up 19.1% after Mitel (MITL) agrees to acquire Mavenir Systems for $560M... Athersys (ATHX), up 19.7% following license agreement and collaboration with Chugai... OHR Pharmaceutical (OHRP), up 11.4% following additional positive data from OHR-102 IMPACT study... NXP Semiconductors (NXPI), up 14% following merger agreement with Freescale Semiconductor (FSL). Freescale Semiconductor is up 9.1%... Mast Therapeutics (MSTX), up 7.7% following positive results from Vepoloxamer study. DOWN AFTER EARNINGS: JinkoSolar (JKS), down 4.7%... Scorpio Tankers (STNG), down 4.5%. ALSO LOWER: Lumber Liquidators (LL), down 24.2% following CBS' 60 Minutes says that the company is linked to health and safety violations... Aruba Networks (ARUN), down 1.7% after HP (HPQ) confirms deal to acquire Aruba Networks for $24.67... Pacira Pharmaceuticals (PCRX), down 14.4% after receiving complete response letter from FDA for sNDA in use of Exparel... 500.com (WBAI), down 14.4% after announcing that temporary suspension will adversely impact financial results.
07:13 EDTJKSJinkoSolar sees FY15 total solar module shipments 3.3-3.8 GW
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07:12 EDTJKSJinkoSolar sees Q1 total solar module shipments 710-780 MW
For the first quarter of 2015, the company estimates total solar module shipments to be in the range of 710 MW to 780 MW, which includes 550 MW to 600 MW module shipments to third parties and 160 MW to 180 MW for its own downstream projects. Revenues will not be recognized for the modules shipped to its own downstream projects as required by U.S. GAAP.
07:12 EDTJKSJinkoSolar reports Q4 total solar product shipments amounted to 838.2 MW
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07:12 EDTJKSJinkoSolar reports Q4 non-GAAP EPS $1.00, consensus 87c
Reports Q4 revenue $478.9M, consensus $488.73M
February 27, 2015
14:23 EDTCSIQCanadian Solar weekly volatility increases into Q4 and outlook
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06:40 EDTJKSJinkoSolar volatility elevated into Q4 and outlook
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February 23, 2015
18:02 EDTTSL, CSIQOn The Fly: After Hours Movers
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17:25 EDTTSL, CSIQFirst Solar, SunPower rally after saying they are in talks to form YieldCo
Solar stocks are moving up in extended trading this afternoon after First Solar (FSLR) and SunPower (SPWR) announced that they are in advanced negotiations to form a joint YieldCo vehicle. WHAT'S NEW: First Solar and SunPower announced that they are in advanced negotiations to form a joint YieldCo vehicle to which they each expect to contribute a portfolio of selected solar generation assets from their existing portfolio of assets. Upon the execution of a master formation agreement, the parties intend to file a registration statement with the SEC for an initial public offering of limited partner interests in the YieldCo. Formation of the YieldCo and completion of the IPO are subject to, among other things, the execution of definitive documentation, each party’s board approval and regulatory approval. PRICE ACTION: First Solar is up over 10% to $54.90 in the after hours while SunPower is higher by over 12% to $31.27. OTHERS TO WATCH: Other solar stocks gaining in after-hours trading include SolarCity Corporation (SCTY), Trina Solar (TSL), JA Solar Holdings (JASO), SunEdison (SUNE), and Canadian Solar (CSIQ).
February 19, 2015
13:18 EDTTSL, CSIQIsrael's SolarEdge to launch IPO
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13:04 EDTJKSDeutsche, Canaccord still upbeat on SolarCity despite Q1 guidance miss
The shares of SolarCity (SCTY) are falling after the company reported a higher than expected fourth quarter loss. However, Deutsche Bank and research firm Canaccord remained upbeat on the stock in notes to investors earlier today. Solarcity installs solar energy systems at residences and businesses. BACKGROUND: SolarCity reported a Q4 loss of ($1.33) per share, versus the consensus outlook for a ($1.27) per share loss. SolarCity's Q4 revenue, however, was roughly in-line with expectations and the company said that its backlog as of the beginning of 2015 was large enough to cover much of its expected installations for the first half of the year. Additionally, SolarCity reiterated its guidance for 920-1000MW of solar installations for 2015. SolarCity estimated, however, that its Q1 per share loss would come in at ($1.65)-($1.75), versus the consensus outlook for a ($1.25) per share loss. ANALYST REACTION: Deutsche Bank analyst Vishal Shah wrote that SolarCity had executed well, while demand for its installations is strong. Moreover, the company's cost reduction plan looks to be running ahead of schedule, and its 2015 shipments look poised to come in ahead of its guidance, Shah believes. The analyst did, however, write that SolarCity's Q4 bookings were "somewhat" below his expectations and declined versus Q3. Nonetheless, the analyst continued to identify the stock as one of his top picks in the solar sector and kept a $90 price target and Buy rating on the name. Also upbeat on SolarCity was Canaccord analyst Jed Dorsheimer. He raised his price target on the shares to $67 from $64 following its results. SolarCity has had record bookings over the last 30 days and the company should come close to setting a bookings record in Q1, the analyst wrote, adding that its deployments should ramp in Q2 and Q3 as seasonal factors subside. Dorsheimer kept a Buy rating on the stock. PRICE ACTION: In early afternoon trading, SolarCity fell 6.3% to $53.48. Other names in the solar sector also declined, with SunPower (SPWR) falling 1.8%, JinkoSolar (JKS) dropping 1.5%, and Vivint Solar (VSLR) losing 2.3%.

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