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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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October 22, 2014
09:53 EDTTSL, JASO, CSIQCredit Suisse Events at Solar Power International
Credit Suisse holds meetings in Las Vegas in conjunction with the Solar Power International Conference include ENPH, TSL, CSIQ, SCTY, JASO, HSOL and STRI on October 22.
October 21, 2014
07:08 EDTJASO, CSIQUBS to hold meetings at Solar Power International
Meetings at Solar Power International are being held in Las Vegas on October 21-23.
October 20, 2014
08:14 EDTTSLTrina Solar management to meet with Deutsche Bank
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07:22 EDTJKS, CSIQSolar Energy Trade Shows to hold a conference
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07:19 EDTCSIQJPMorgan says recent sell-off in solar space unjustified
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October 17, 2014
09:02 EDTJKSJinkoSolar supplied 34MW of solar modules to sPower for four projects
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October 16, 2014
07:11 EDTJKSJinkoSolar signs 200 MW PV project development agreement with Shicheng County
JinkoSolar subsidiary JinkoSolar Power Co. has signed a PV project development agreement with the government of Shicheng County, Ganzhou City, Jiangxi Province to develop 200MW PV power plant. The project will require an aggregate investment amount of approximately RMB1.6B. The PV power plant will be constructed in four phases over a period of 4 years. The first phase of construction will begin during 1H15.
06:36 EDTCSUNChina Sunergy CFO Yongfei Chen resigns, Shiliang Guo appointed acting CFO
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October 15, 2014
05:44 EDTCSIQCanadian Solar to power key solar projects in Honduras
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October 14, 2014
17:15 EDTCSIQClaren Road Asset reports 5.83% passive stake in Canadian Solar
07:03 EDTTSLTrina Solar's monocrystalline honey module seats world record for power output
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06:42 EDTJASO, TSL, CSIQPV modules with solar-grade wafers to account for 89% of capacity, DigiTimes says
Solarbuzz says solar photovoltaic modules using solar-grade wafers will account for 89% of solar capacity forecast to be installed in 2014, reports DigiTimes. Thin-filmed panel makers will supply nearly 8% of end-market demand in 2014, while premium cyrstalline silicon suppliers making up the remaining 3% share. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL), Panasonic (PCRFY) and Yingli Green Energy (YGE). Reference Link
October 13, 2014
09:06 EDTJKSJinkoSolar panels installed at Duke Energy's Capital Partners Solar Project, NC
JinkoSolar panels are being installed by SunEnergy 1 at the Duke Energy Renewables-owned Capital Partners Solar Project in eastern North Carolina. The solar project was announced as a partnership among three customers that will bring solar power from rural North Carolina to the urban settings of the Washington, D.C., institutions.
07:01 EDTJKSJinkoSolar to supply 21.5MW of PV solar modules for Searchlight solar projects
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05:34 EDTCSIQCanadian Solar reports sale of 24.3 MWp of modules to EDF Renewable Energy
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October 10, 2014
08:06 EDTTSLTrina Solar announces sale of 10.6MW PV power plant in UK
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October 9, 2014
05:25 EDTCSIQCanadian Solar announces sale of 10 MW of solar modules to Conti Group
Canadian Solar announced that it supplied Conti/SunDurance with 10 MW of solar modules during Q3. For this 10 MW order, Canadian Solar delivered to the Conti Group in total 33,792 pieces of CS6X solar modules in 6 x 12 cell matrix with UL 1000V certificate. In the life span of 25 years, these modules will turn solar energy into 360,000 MWh of electricity, and displace CO2 emissions by 67,000 tons.

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