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Stock Market & Financial Investment News

News Breaks
March 5, 2014
13:05 EDTTSL, JASO, JKS, CSUN, CSIQSolars 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
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August 20, 2015
07:05 EDTJKSJinkoSolar reports total module shipments 913.4 MW
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07:05 EDTJKSJinkoSolar reports Q2 non-GAAP EPS $1.04, consensus 84c
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August 19, 2015
14:48 EDTJKSNotable companies reporting before tomorrow's open
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13:20 EDTJKSJinkoSolar August volatility elevated into Q2 and outlook
JinkoSolar August call option implied volatility is at 118, September is at 69; compared to its 52-week range of 47 to 100, suggesting large price movement into the expected release of Q2 results on Aug 20.
13:11 EDTTSL, CSIQCanadian Solar plummets after Q3 guidance, YieldCo comments
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09:53 EDTCSIQCanadian Solar tumbles, levels to watch
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09:19 EDTCSIQOn The Fly: Pre-market Movers
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07:34 EDTCSIQCanadian Solar price target lowered to $40 from $45 at Canaccord
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August 18, 2015
18:32 EDTCSIQOn The Fly: After Hours Movers
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16:15 EDTCSIQCanadian Solar falls on results
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16:07 EDTCSIQCanadian Solar sees FY15 shipments approximately 4.0 GW-4.3 GW
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16:06 EDTCSIQCanadian Solar sees FY15 revenue $2.8B-$3B, consensus $2.93B
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16:05 EDTCSIQCanadian Solar sees Q3 revenue $570M-$620M, consensus $669.32M
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16:05 EDTCSIQCanadian Solar sees Q3 shipments approximately 970MW-1,020MW
For the third quarter, the company expects total module shipments to be in the range of approximately 970MW to 1,020MW, including approximately 70MW of shipments to the Company's utility-scale solar projects that will not be recognized in third quarter 2015 revenue. Total revenue for the third quarter of 2015 is expected to be in the range of $570M-$620M, with gross margin expected to be between 12%-14%. The gross margin guidance for the third quarter is expected to be negatively impacted by the U.S. import duty on modules because module shipments to the U.S. are expected to increase significantly.
16:03 EDTCSIQCanadian Solar reports Q2 EPS 31c, may not compare to consensus 13c
Reports Q2 revenue $636.7M, consensus $592.5M. Total solar module shipments were 850 MW, of which 809 MW were recognized in revenue, compared to 1.03 GW recognized in revenue in the first quarter of 2015, and second quarter shipment guidance in the range of 950 GW to 1,000 GW.
11:03 EDTJASO, TSL, JKSSunEdison raises capital while Trina Solar tops expectations
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07:04 EDTTSLTrina Solar expects 2015 ingot production capacity of 2.5 GW
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07:03 EDTTSLTrina Solar expects to ship 1,450 MW-1,500 MW of PV modules
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07:03 EDTTSLTrina Solar reports Q2 total module shipments were 1,231.6 MW
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07:02 EDTTSLTrina Solar reports Q2 EPS 42c, consensus 25c
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