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Stock Market & Financial Investment News

News Breaks
August 5, 2014
07:25 EDTCSIQ, NRGCanadian Solar supplied 4MW of PV modules for solar project
Canadian Solar (CSIQ) announced that the Company supplied 4 MW of Canadian Solar PV Modules for the Spanish Town Estate Solar project, recently acquired by NRG Energy (NRG). The project is located in St. Croix, in the U.S. Virgin Islands and utilizes 14,400 high-efficiency Canadian Solar CS6X-P 305 Polycrystalline PV Modules. Construction of the Spanish Town Estate Solar project began in April of 2014 and is expected to generate enough electricity to power more than 1,500 homes.
News For CSIQ;NRG From The Last 14 Days
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January 30, 2015
12:12 EDTCSIQSeveral solar stocks rise following RBC upgrades
A number of solar energy stocks are rising after RBC Capital upgraded three names in the sector to Outperform from Sector Perform in a note to investors today. WHAT'S NEW: RBC Capital analyst Mahesh Sanganeria upgraded shares of SunPower (SPWR) to Outperform from Sector Perform. New plants being developed by the company should increase its manufacturing capacity, enabling it to benefit from demand increases, the analyst stated, noting that the company has been unable to keep pace with demand. Meanwhile, SunPower could generate $90M-$100M in cash annually and $70M-$80M in cash available for distribution if it forms a yieldco, the analyst estimated. A yieldco would increase SunPower's value by $1.9B, according to Sanganeria. Yieldcos are subsidiaries of energy companies that own power plants and projects and typically trade on stock exchanges. The analyst raised his price target on SunPower to $36 from $35. Sanganeria also upgraded two Chinese solar companies, JA Solar (JASO) and Trina Solar (TSL). JA Solar should be able to outperform the overall solar market by selling more of its products to markets with higher prices, as well as selling a higher percentage of solar modules that attract higher prices, the analyst believes. Global solar installations should increase in the low to mid teen percentage levels, noted the analyst, who raised his price target on JA Solar to $13 from $12. As for Trina Solar, Sanganeria expects the company to benefit from its strong balance sheet, which should help it expand its business. Additionally, the Chinese company should benefit from stable margins, as it cuts costs faster than solar prices decline, according to Sanganeria. Finally, Trina should be able to increase its profit margins in the longer term by building more solar power plants, wrote the analyst, noting that the company's U.K. plants achieved 20% gross margins, above the company's overall mid-teen percentage margins. Sanganeria raised his price target on the name to $13 from $12. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), and Yingli Green Energy (YGE). PRICE ACTION: In early afternoon trading, SunPower climbed 1% to $24.25, Trina Solar gained 2% to $9.05, and JA Solar gained 2% to $8.
January 29, 2015
08:26 EDTCSIQSunEdison added to Top Picks list at FBR Capital
FBR Capital added SunEdison (SUNE) to its Top Picks list saying the stock price is underestimating the company's international growth, drop-downs into TerraForm Power and value creation potential of the Yield Co. FBR sees a path for the stock’s value to reach $40. The firm also believes the recent pullback in shares of Canadian Solar (CSIQ) is unjustified. It believes the recent decline in oil prices will not have a material impact on future solar and wind pipelines in the U.S.
07:25 EDTCSIQCanadian Solar provides update on solar project pipeline
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January 28, 2015
07:36 EDTNRGNRG Renew, SunShare form strategic alliance
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07:34 EDTNRGNRG Energy and SunShare patner in 8.2MW solar project in Colorado
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07:34 EDTNRGNRG Energy and SunShare patner in 8.2MW solar project in Colorado
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January 26, 2015
11:50 EDTCSIQSolar names rise after Obama pledges U.S. help for Indian solar push
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10:28 EDTCSIQIndia's Mahnidra to add 500 MW of solar energy, Reuters says
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06:48 EDTCSIQTax credit, loan guarantee changes could hurt solar energy, NY Times says
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January 22, 2015
08:14 EDTNRGNRG Home Solar announces partnership with Upromise by Sallie Mae
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07:12 EDTCSIQCanadian Solar completes sale of Glenarm Solar Power Plant to Dutch fund
Canadian Solar has sold the 10 MW AC Glenarm solar power plant to an affiliate of DIF Infrastructure III. This solar power plant is valued at over $49M and utilizes Canadian Solar's CS6X photovoltaic modules. The project reached commercial operation in November 2014. The closing of this sale represents the first of four solar projects that will be acquired by DIF.
January 21, 2015
09:42 EDTNRGNRG Energy upgraded to Buy from Hold at Tudor Pickering
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January 20, 2015
13:00 EDTCSIQCanadian Solar pullback a buying opportunity, says JPMorgan
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10:08 EDTNRGNRG Energy raises dividend to 14.5c from 14c
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07:44 EDTNRGNRG Energy return profile more attractive than expected, says UBS
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