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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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February 9, 2016
09:52 EDTCSIQCanadian Solar energizes three solar power plants in Japan
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February 8, 2016
07:05 EDTCSIQCanadian Solar begins commercial operation of three PV power plants in Japan
Canadian Solar announced that it started the commercial operation of three solar photovoltaic power plants in Japan, totaling approximately 6.2 MWp. The 6.2 MWp portfolio of projects include the 2.3 MWp Ashikita Solar Power Plant in Kumamoto City, Kumamoto Prefecture, the 2.2 MWp Minamishimabara Power Plant - East and the 1.7MWp Minamishimabara Plant - West in Minamishimabara City, Nagasaki Prefecture. The 2.3 MWp Ashikita Solar Power Plant, powered by 9,030 Canadian Solar CS6P-260P modules, achieved commercial operation on December 11, 2015. The 2.2 MWp Minamishimabara Power Plant - East, powered by 8,602 Canadian Solar CS6P-260P modules, achieved commercial operation on December 25, 2015. And finally the 1.7 MWp Minamishimabara Plant - West, powered by 6,509 Canadian Solar CS6P-260P modules, achieved commercial operation on January 29, 2016.
February 1, 2016
07:02 EDTJASOJA Solar's portfolio passed 96-hour Potential Induced Degradation test
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January 28, 2016
19:01 EDTCSIQCanadian Solar receives $70M financing package from IFC
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05:34 EDTTSLTrina Solar announces shipment of 57.1MW solar modules to solar project in Japan
Trina Solar announced that it has begun shipping 57.1 MW of solar modules to Toyo Engineering Corporation for use in the Furukawa Mega Solar Project located in Osaki City, Miyagi Prefecture, Japan. The delivery of solar modules is scheduled to be completed before the end of the third quarter of 2016. The Project, developed by Pacifico Energy Furukawa G.K., is being constructed on an abandoned golf course in Osaki and is expected to be completed and commissioned in the fourth quarter of this year. The clean electricity that the Project will generate will be purchased by Tohoku Electric Power company to energize the region.
January 27, 2016
09:40 EDTCSIQCanadian Solar downgraded to Mixed from Positive at OTR Global
January 26, 2016
06:57 EDTJKSJinkoSolar signs 1 GW supply power agreement with sPower
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