New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 5, 2014
13:05 EDTCSIQ, JKS, TSL, CSUN, JASOSolars fall after Canadian Solar misses expectations
Shares of a number Chinese solar energy companies are falling after one of the names in the sector, Canadian Solar (CSIQ), reported lower than expected earnings and provided lower than expected first quarter revenue guidance. WHAT'S NEW: Canadian Solar's fourth quarter earnings per share came in at 39c, versus analysts' consensus outlook of 41c. However, the company's revenue was slightly higher than expected. Canadian Solar noted that its solar module shipments had jumped to 621 megawatts last quarter, up from 478 megawatts in the previous quarter. However, its gross margin dropped to 19.5% in Q4, down from 20.4% in Q3. For Q1, Canadian Solar expects its revenue to come in at $415M-$430M, versus the consensus outlook of $517.78M. On its earnings conference call, the company stated that its Q1 sales have been hurt by the severe weather conditions in North America, which caused about $100M of its revenue to be delayed until future quarters. WHAT'S NOTABLE: Calling pollution a major problem, Chinese Premier Li Keqiang earlier today said the government would "declare war" on smog, Bloomberg reported. This emphasis on combating pollution could affect the pace of China's solar energy push. Earlier this year, China's government reported that Beijing plans to accelerate the development of solar energy in an effort to reduce its air pollution. Meanwhile, another company in the sector, JinkoSolar (JKS), yesterday reported significantly stronger than expected Q4 results. On another negative note for the sector, Chinese solar equipment producer Chaori Solar said today that it would not be able to make interest payments on bonds due on Friday, according to Reuters. PRICE ACTION: In early afternoon trading, JinkoSolar sank 5.4% to $34, Trina Solar (TSL) gave back 1.8% to $16.07, China Sunergy (CSUN) fell 2.2% to $5.60, JA Solar (JASO) dropped 5.8% to $10.15, and Canadian Solar tumbled 12.5% to $38.20.
News For CSIQ;JKS;TSL;CSUN;JASO From The Last 14 Days
Check below for free stories on CSIQ;JKS;TSL;CSUN;JASO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 15, 2014
11:06 EDTJASOJA Solar management to meet with Needham
Subscribe for More Information
09:14 EDTJKSIPO of JinkoSolar unit could be material catalyst, says Roth Capital
After meeting with JinkoSolar's CFO and one of its directors, Rtoth Capital believes that the IPO of the company's project business could be a significant catalyst for the stock, as the unit could be the first public Chinese solar yieldco. The firm thinks that the Chinese solar market is improving, and it reiterates a $40 price target and Buy rating on the shares.
September 12, 2014
13:03 EDTCSUN, CSIQ, TSLSolar stocks rise after Trina says can't keep up with demand
Subscribe for More Information
11:20 EDTTSLTrina Solar can't meet customer demand at full capacity, Bloomberg reports
Subscribe for More Information
September 11, 2014
14:10 EDTCSIQ, TSL, JASOIndia to invest $100B in renewable energy, Economic Times says
India will invest $100B in renewable energy over the next four years, the country's Power, Coal and Renewable Energy Minister Piyush Goyal said today, according to Economic Times. The country has also decided not to impose tariffs on foreign solar energy companies, the minster indicated, according to the newspaper. 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). GE (GE) makes wind turbines. Reference Link
September 10, 2014
07:08 EDTCSIQCanadian Solar sells Mighty Solar power plant to Concord Green Energy
Subscribe for More Information
07:05 EDTTSLTrina Solar to supply 70MW high efficiency modules to project in Chile
Subscribe for More Information
07:02 EDTJKSJinkoSolar connects 100MW solar PV project in Jiangsu province to grid
Subscribe for More Information
September 8, 2014
12:16 EDTJKSJinkoSolar management to meet with Roth Capital
Subscribe for More Information
07:08 EDTCSIQCanadian Solar partners with Sichuan Development to launch solar investment fund
Subscribe for More Information
September 5, 2014
07:01 EDTJKSJinkoSolar promotes Charlie Cao to CFO
Subscribe for More Information
September 4, 2014
13:48 EDTJASO, CSIQ, TSLGoldman says China announces new solar energy policies
Subscribe for More Information
September 3, 2014
09:17 EDTTSLTrina Solar new project positive, says Roth Capital
Subscribe for More Information
06:41 EDTCSIQ, TSL, JASOExecutive says solar sector to benefit from rooftop demand, China Daily says
Subscribe for More Information
September 2, 2014
11:08 EDTTSLOptions with decreasing implied volatilit
Subscribe for More Information
08:05 EDTTSLTrina Solar acquires majority stake in Yunnan Metallurgical Group
Subscribe for More Information
07:05 EDTCSIQCanadian Solar purchases 11MW of Canadian solar modules
Canadian Solar announced that it supplied Conti / SunDurance with 11 MW of solar modules during the second quarter. For this 11MW order, Canadian Solar delivered to the Conti Group in total 37,202 pieces of CS6X solar modules in 6 x 12 cell matrix with UL 1000V certificate. During their 25 year life span, these modules will turn solar energy into 360,000 MWh of electricity, and reduce CO2 emissions by 67,000 tons, the equivalent to taking 11,800 cars off of the roads; or equivalent to creating a forest of 6,200 hectares with 237,000 trees.
06:45 EDTTSL, CSIQ, JASOCompany asks U.S. to impose new tariffs on Chinese solar firms, NY Times says
Subscribe for More Information

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