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Stock Market & Financial Investment News

News Breaks
March 5, 2014
13:05 EDTJASO, JKS, CSUN, CSIQ, TSLSolars 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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April 1, 2015
07:04 EDTTSLTrina Solar sells 49.99 MW solar power plant in the UK for $88M
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March 31, 2015
08:45 EDTJASO, CSIQ, TSLExpert says Chinese initiative to boost solar companies, WantChinaTimes says
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07:03 EDTCSIQCanadian Solar completes acquisition of Recurrent Energy from Sharp
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March 30, 2015
07:13 EDTCSIQCanadian Solar announces sale of GoldLight solar power plant to DIF
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March 26, 2015
07:07 EDTTSLTrina Solar announces shipment of 6.9MW Trinasmart PV modules in UK
Trina Solar announced it has supplied 6.9 MW of Trinasmart PV modules to Anesco's ground mounted solar farm in the UK that was commissioned in March 2015. The installation incorporates patented Trinasmart technology, a complete solution that includes power optimisation to increase system performance by up to 20 per cent together with monitoring built into the module junction box.
March 25, 2015
07:07 EDTJKSJinkoSolar to supply 104MW dc of PV solar modules for Utah Red Hills project
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March 23, 2015
07:15 EDTCSIQCredit Suisse to hold a conference
18th Annual Asian Investment Conference is being held in Hong Kong on March 23-27.
07:01 EDTJASOJA Solar announces positive results for PV modules in high grade hail test
JA Solar announced that all of its PV modules have passed the high-grade hailstone impact test conducted by TUV Rheinland. During the high-grade hailstone impact test, hailstones with a diameter of 45 millimeters strike the glass surface of JA's modules at a speed of 30.7 meters per second. In contrast, hailstones used in the standard hailstone impact test strike are only 25 millimeters in diameter and strike modules at a speed of only 23 meters per second. The anti-kinetic energy impact performance of JA modules is ten times the original industry standard.
March 20, 2015
09:24 EDTJKSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ctrip.com (CTRP), up 20.1%... Rally Software (RALY), up 17.3%... Nike (NKE), up 5.2%... Darden Restaurants (DRI), up 4.3%... Cheetah Mobile (CMCM), up 3.6%. ALSO HIGHER: Prothena (PRTA), up 40.2% after reporting positive results from Phase 1 study of PRX002... Viggle (VGGL), up 26.9% after confirming receipt of offer from chairman and CEO Robert Sillerman... Intercept Pharmaceuticals (ICPT), up 8.5% after announcing new data analyses from FLINT trial... Biogen Idec (BIIB), up 9.7% after presenting positive interim results from study of aducanumab... Pier 1 Imports (PIR), up 5.2% after being upgraded to Outperform from Perform at Oppenheimer... JinkoSolar (JKS), up 2.8% after announcing that it will supply 75 MWdc of its PV solar modules to Red Horse 2 project and following a strategic collaboration agreement with DuPont (DD). DuPont is up just under 1%. DOWN AFTER EARNINGS: AK Steel (AKS), down 6.8%... Youku Tudou (YOKU), down 4.9%... Tiffany (TIF), down 3.3%. ALSO LOWER: Macerich (MAC), down 7.7% after Simon makes $95.50 per share "best and final" offer.
07:06 EDTJKSJinkoSolar and DuPont sign strategic collaboration agreement
JinkoSolar (JKS) announced that it has signed a strategic collaboration agreement with DuPont (DD), which reflects the companies' interests in furthering the growth and adoption of efficient and reliable solar generated electricity. Areas of potential collaboration include technical development efforts to support continued improvements in the efficiency, durability and reliability of solar cells and panels, including through development and supply of advanced materials including DuPont Solamet PV19x series photovoltaic metallization pastes and DuPont Tedlar polyvinyl fluoride films, as well as co-marketing collaborations aimed at promoting the broader and faster adoption of solar energy to help address the world's growing energy needs.
06:55 EDTTSL, CSIQ, JASOU.S. delegates to work with China on environmental issues, China Daily says
The U.S. government is sending several high-level representatives to China in an effort to advance cooperation on energy, the environment and climate change, China Daily reported yesterday. The two countries signed a major climate change deal in November, the newspaper noted. Publicly traded companies in the solar energy space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
06:33 EDTJKSJinkoSolar to supply 75 MWdc of PV solar panels to Red Horse 2 project
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05:23 EDTCSUNChina Sunergy regains compliance with NASDAQ listing standards
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March 19, 2015
06:37 EDTJKSJinkoSolar plans to build cell & module manufacturing facility in Malaysia
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