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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 17, 2015
07:37 EDTTSLTrina Solar management to meet with Deutsche Bank
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April 16, 2015
07:45 EDTTSLTrina Solar management to meet with Deutsche Bank
Meeting to be held in New York on April 16 hosted by Deutsche Bank.
April 15, 2015
06:52 EDTTSL, JASO, CSIQJapanese judge blocks relaunch of nuclear plants, NY Times says
A Japanese judge yesterday blocked the country's government from restarting two nuclear power plants, according to The New York Times. None of Japan's 48 reactors has been operating since the Fukushima disaster, and the judge's decision is potentially significant because it directly challenges the government's new nuclear safety standards, the newspaper stated, adding that the two affected reactors may not reopen for months or even years. Cameco (CCJ) develops uranium used by nuclear plants. Solar energy companies whose products may be used to supplement nuclear power in Japan include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
April 13, 2015
13:59 EDTTSL, CSIQ, JASOChina looking to deploy solar power station in space, Business Insider says
China intends to deploy a solar power station in space in 2020, according to Business Insider. Expected to orbit Earth, the station is supposed to utilize over six square kilometers of solar panels, the website stated. However, a few logistical problems must be solved, including the fact that current rockets do not have nearly enough power to propel a station of that magnitude into space, Business Insider added. Publicly traded Chinese solar companies include Canadian Solar (CSIQ), JA Solar (JASO), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
07:01 EDTTSLTrina Solar to supply 116 MW modules to Japan solar power plant
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April 10, 2015
13:04 EDTJKSStreet Check: JD.com up 20% since William Blair upgrade last month
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April 8, 2015
14:42 EDTJKS, CSIQAnalyst says solar to be disruptive in some markets by 2018
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10:01 EDTTSLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Almost Family (AFAM) downgraded to Neutral from Outperform at Baird... Angie's List (ANGI) downgraded to Neutral from Buy at B. Riley... Annaly Capital (NLY) downgraded to Underperform from Market Perform at FBR Capital... Apple (AAPL) downgraded to Hold from Buy at Societe Generale... Calamos (CLMS) downgraded to Underperform from Market Perform at Keefe Bruyette... Catamaran (CTRX) downgraded to Hold from Buy at Argus... Cinemark (CNK) downgraded to Neutral from Buy at Janney Capital... Crestwood Equity (CEQP) downgraded at BofA/Merrill... Cummins (CMI) downgraded to Neutral from Buy at Goldman... Kinder Morgan (KMI) downgraded to Buy from Conviction Buy at Goldman... L'Oreal (LRLCY) downgraded to Neutral from Outperform at Exane BNP Paribas... NextEra Energy Partners (NEP) downgraded to Neutral from Buy at Goldman... Regal Entertainment (RGC) downgraded to Neutral from Buy at Janney Capital... Trina Solar (TSL) downgraded at BofA/Merrill... WebMD (WBMD) downgraded to Sell from Neutral at Goldman... Yingli Green Energy (YGE) downgraded at BofA/Merrill... Zep Inc. (ZEP) downgraded to Sell from Buy at Wunderlich.
07:37 EDTTSLTrina Solar downgraded at BofA/Merrill
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07:22 EDTJASO, CSIQ, TSLSeasonality reason for NJ solar pricing softness, says UBS
UBS said the recent weakness in the New Jersey solar market is due to seasonal factors including a deceleration in the pace of the state's solar renewable target alongside the declining cost structure of solar. 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).
07:09 EDTTSL, JASO, CSIQSolar plus storage to be cheaper than competition in 2018, says Bernstein
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07:04 EDTTSLTrina Solar announces shipment of 9.9 MW modules for Panama solar farm
Trina Solar announced that it has been selected by Solarcentury, a project developer and EPC, to supply around 33,000 of its PC14 modules for a 9.9MWp solar farm project in Cocle province, central Panama. Solarcentury will use the high-powered solar PV modules supplied by Trina Solar to construct the solar farm for ECOSolar, a Latin American solar investment company. Working alongside local solar company Hybrytec, Solarcentury will build the 9.9MWp "Divisa Solar" system.
06:31 EDTTSLTrina Solar downgraded to Neutral from Buy at BofA/Merrill
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April 7, 2015
07:03 EDTJASOJA Solar modules adopted by Israeli Parliament
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April 6, 2015
07:03 EDTCSIQRET Capital buys solar power plant in Ontario from Canadian Solar
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07:01 EDTCSIQCanadian Solar completes sale of solar power plant to RET Capital
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