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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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November 14, 2014
06:15 EDTCSUNChina Sunergy, DenizLeasing announce partnership for projects in Turkey
China Sunergy announced that the company has signed a memorandum of understanding, or MOU, with Deniz Finansal Kiralama A.S., a subsidiary of DenizBank Financial Services Group, establishing strategic partnership to finance the solar projects through financial leasing in Turkey. According to the MOU, DenizLeasing will facilitate and provide capital leasing for solar PV projects of up to 100 MW deploying China Sunergy's solar modules and other components.
November 13, 2014
11:16 EDTCSIQCanadian Solar at a key technical juncture, levels to watch
Share price has continued to fall since earnings, with price last at $26.34. In a note from a few sessions ago we mentioned that there was a large potential head and shoulders pattern with a neckline at the $26 area. The behavior of the shares now may be either to trigger that pattern by continuing to fall below $26, or, to bounce thereby thwarting the pattern. A move below $26 would have the pattern become active, with downside potential over time to the $14 area. A bounce from these levels that sustains above $26 would void the pattern through time decay, price, or a combination of both.
09:14 EDTCSIQCanadian Solar should be bought opportunistically on weakness, says Roth Capital
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08:43 EDTCSIQCanadian Solar should be bought on sell-off, says Canaccord
Canaccord reiterated its Buy rating on Canadian Solar following the sell-off after what it believes were solid Q3 results from the company. The firm feels the entire solar group is detached from fundamentals on concerns of cheap energy, but also believes investors were disappointed when the company did not provide details of a YieldCo set-up. Canaccord sees a growing pipeline and continued significant volume for Canadian Solar, but lowers its price target to $46 from $48.
06:25 EDTTSLTrina Solar supplied 28.5MW of modules to large-scale projects in U.K.
Trina Solar supplied 28.5MW of PV modules to sPower, a renewable energy provider, and Camborne Capital, a UK solar developer. The panels will be installed over the coming months to ensure the facilities are energized and accredited to meet the March 31, 2015 1.4 Renewable Obligation Certificates deadline.
November 12, 2014
11:40 EDTCSIQCanadian Solar sell-off unjustified on solid Q3 results, says JPMorgan
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10:09 EDTCSIQCanadian Solar falls after results, potential bearish pattern forming
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09:37 EDTCSIQActive equity options trading
Active equity options trading according to Track Data: AAPL CLSN TWTR BABA NFLX TSLA AMZN CSIQ C
09:21 EDTCSIQOn The Fly: Pre-market Movers
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06:35 EDTCSIQ, TSLU.S., China reach carbon emissions deal, NY Times says
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06:00 EDTCSIQCanadian Solar raises FY14 revenue view to $2.93B-$2.98B from $2.7B-$2.9B
Consensus $2.83B. Raises FY14 annual module shipment guidance to 810 MW-860 MW.
05:58 EDTCSIQCanadian Solar sees Q4 revenue $925M-$975M, consensus $977.43M
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05:57 EDTCSIQCanadian Solar reports Q3 EPS $1.75, consensus $1.16
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November 11, 2014
15:32 EDTCSIQCanadian Solar November weekly 31.5 straddle priced for 12% move into Q3
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07:06 EDTJKSJinkoSolar subsidiary signs $20M credit agreement with Wells Fargo Bank
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November 10, 2014
13:50 EDTCSIQCanadian Solar volatility elevated into Q3 and outlook
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07:12 EDTCSIQCanadian Solar to supply 4 MW energy storage solution to support Ontario grid
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November 7, 2014
10:26 EDTJKS, CSIQSolar names retreat after First Solar results miss expectations
Shares of a number of solar companies are falling after one of the leading companies in the sector, First Solar (FSLR), announced weaker than expected results. WHAT'S NEW: First Solar reported Q3 earnings per share, excluding a one-time tax benefit, of 61c, compared with analysts' consensus estimate of 64c. The company reported Q3 revenue of $899M, versus the consensus outlook of about $1B. First Solar reiterated its fiscal 2014 EPS guidance of $2.40-$2.80, versus the consensus outlook of $2.61. However, the company trimmed its full-year sales guidance to $3.6B-$3.9B from $3.7B-$4B. The company added that it was on track to meet or exceed its bookings goal for the full year. Additionally, First Solar announced that its potential bookings opportunities had risen to 13.7 gigawatts, versus 12.7 gigawatts in Q2, due to continued growth in the U.S., Latin America and India. “Following the project delays experienced in the prior quarter, our third quarter earnings have improved, and we continue to make progress towards our financial targets for the year," said First Solar CEO Jim Hughes. First Solar is not prepared to pursue the launch of a YieldCo at this time, Hughes reported. YieldCos are subsidiaries of energy companies that own power plants and projects and typically trade on stock exchanges. WHAT'S NOTABLE: On October 20, JPMorgan wrote that the recent sell-off in solar stocks was unjustified, as Q3 results up to that time showed that the sector's fundamentals had changed little. The firm named First Solar as one of its favorite names in the sector. PRICE ACTION: In early trading, First Solar (FSLR) sank 11% to $50.15. Meanwhile, SunPower (SPWR) fell 2.5% to $29.57, Sunedison (SUNE) declined 1.6% to $18, Canadian Solar (CSIQ) lost 3% to $30, and JinkoSolar (JKS) gave back 2.7% to $22.74.
07:07 EDTJKSJinkoSolar to provide DMM with solar modules for PV project in Japan
JinkoSolar announced that it has supplied 5MW of highly efficient, salt and mist resistant solar modules to DMM, a Japanese digital content distributor and solar installation company, for a ground mounted solar PV project in Mie Prefecture, Japan. The project has been connected to the grid and is operating. The project is located approximately 100m from the coastline in Meiwa, Mie Prefecture. The project is expected to generate approximately 5.55 million kWh of electricity annually for 2,500 local households.
November 6, 2014
06:59 EDTCSIQCanadian Solar awarded 114 MW of solar power projects in Brazil
Canadian Solar announced that it has won 3 solar photovoltaic, or PV, projects totaling 114 megawatts, or MW, In Vazante, in the state in Minas Gerais in Brazil. Canadian Solar, in partnership with Solatio, will develop, build and own the solar power plants which, once connected to the grid, will sell the electricity generated to the Agencia Nacional de Energia Eletrica, a Brazilian government entity, under a 20-year Power Purchase Agreement at $86.42/MWh.
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