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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
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August 13, 2014
12:16 EDTTSL, JKS, JASO, CSIQCanadian Solar soars after results top estimates
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12:07 EDTCSIQOn The Fly: Midday Wrap
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10:36 EDTCSIQCanadian Solar rallies sharply following earnings beat, levels to watch
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09:15 EDTJKS, CSIQOn The Fly: Pre-market Movers
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09:14 EDTCSIQCanadian Solar Q2 report encouraging, says at Northland
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07:26 EDTCSIQCanadian Solar sees Q3 revenue $760M-$810M, consensus $784.75M
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07:25 EDTCSIQCanadian Solar reports Q2 EPS 95c, consensus 58c
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06:32 EDTJKSJinkoSolar signs five-year development agreement with Lishui City
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August 12, 2014
15:53 EDTCSIQCanaccord to hold a conference
34th Annual Growth Conference to be held in Boston on August 13-14.
15:23 EDTCSIQNotable companies reporting before tomorrow's open
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15:10 EDTCSIQCanadian Solar August volatility elevated into Q2 and outlook
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13:42 EDTCSIQCanadian Solar weakness a buying opportunity, says Northland
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09:35 EDTTSLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GOOG C TSL EXAS BAC DNDN JNJ TSLA
07:12 EDTCSIQCanadian Solar executes 44 MWp module sales agreement
Canadian Solar announced that the Company executed a 44 MWp module sales agreement with affiliates of Entropy Investment Management and Entropy Solar Integrators. Entropy will construct seven solar farms in North Carolina in 2014 by using high efficient Canadian Solar CS6X-P PV module series. Over the next twenty years, the projects are anticipated to generate more than 1.1 Mio. kWh of clean, renewable, solar energy.
07:05 EDTTSLTrina Solar acquired 49.9 MW power project from Good Energy Group
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August 11, 2014
13:43 EDTTSLFranklin Resources reports 10.0% passive stake in Trina Solar
12:42 EDTJASO, CSIQ, JKSChina solar company estimates lowered at Credit Suisse
Creidt Suisse lowered estimates on Chinese solar companies due to continued weak pricing and lower margin expectations. The firm expects Q2 reports to be roughly in-line with guidance with reduced Q3 margin expectations.
10:19 EDTTSLOn The Fly: Analyst Initiation Summary
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09:18 EDTTSLTrina Solar initiated with a Neutral at Goldman
Target $11.50.
August 8, 2014
06:33 EDTTSL, JASO, CSIQChina's solar energy capacity growth accelerated, Xinhua reports
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