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Stock Market & Financial Investment News

News Breaks
May 28, 2014
07:39 EDTADES, BLDP, HASI, PSIX, WPRT, CSIQFBR Capital to hold a summit
Energy Technology Summit to be held in New York on May 28.
News For CSIQ;PSIX;BLDP;WPRT;HASI;ADES From The Last 14 Days
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September 1, 2015
10:21 EDTWPRTWestport, Fuel Systems resume trading after merger announcement
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09:53 EDTWPRTWestport and Fuel Systems reiterate respective revenue outlooks
Westport expects consolidated revenue to be between $110 million and $125 million for the year vs. consensus $113.95M. Fuel Systems expects consolidated revenue to be in the range of $270 to $280 million for the year vs. consensus of $271.63M. This results in a combined range from $380 to $405 million projected for the year ended December 31, 2015. The companies expect the transaction to be accretive to the combined company's adjusted EBITDA and earnings in 2016, excluding one-time costs, through approximately $30 million of annual pre-tax savings and merger synergies fully realized by calendar year 2018. Included in the $30 million per year is $15 million in annualized benefits expected to be generated by Fuel Systems' restructuring program in 2016 and beyond and Westport's initiatives to reach positive adjusted EBITDA by mid-2016 and through a combination of reductions in corporate management costs, manufacturing costs, and operating expenses as a result of the merger. Westport has a publicly stated goal of reaching break even by the middle of 2016 and the merger would only strengthen the company's ability to meet this goal. The combined company will also benefit from a strengthened balance sheet and enhanced liquidity and will be positioned for continued investment and long-term financial stability. The combined companies reported approximately $117 million in cash and short term investments as of June 30, 2015.
09:51 EDTWPRTWestport and Fuel Systems announce intention to merge
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09:50 EDTWPRTWestport and Fuel Systems announce intention to merge
August 31, 2015
09:02 EDTCSIQSouthern Company subsidiary acquires 200MW California solar project
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August 25, 2015
11:41 EDTCSIQSolarCity rises again after Chairman Musk buys shares
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09:59 EDTPSIX, CSIQOn The Fly: Analyst Initiation Summary
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09:35 EDTCSIQActive equity options trading on open
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06:52 EDTCSIQCanadian Solar initiated with an Outperform at Cowen
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06:26 EDTPSIXPower Solutions initiated with a Buy at Wunderlich
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August 24, 2015
16:46 EDTCSIQPresident Obama announces new renewable energy commitments
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11:09 EDTCSIQGoldman says SolarCity attractive after sharp pullback
SolarCity (SCTY) shares are climbing in the down market after Goldman Sachs contended in a note to investors today that the stock is attractive following its recent sharp retreat, The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm believes. WHAT'S NEW: Noting that SolarCity's stock had tumbled 27% in the last month before today's open, Goldman Sachs analyst Brian Lee wrote that the shares are being dragged down by worries about financing and cost of capital that are affecting the entire solar sector. However, he contended that these issues are having only a "limited" impact on SolarCity. On August 13, the company successfully sold asset-backed securities and it said that more such sales are likely to occur in the near-term, Lee noted. Meanwhile, SolarCity isn't being affected by the cost of capital increases that other solar companies are experiencing, the analyst reported. Before today's open, the stock was near a two year low, even though SolarCity's fundamentals are still "strong," Lee believes. Additionally, the largest U.S. solar trade show, which is expected to begin on September 14, could boost solar stocks, as it has historically been a catalyst for the sector, the analyst stated. SolarCity may provide guidance about the outlook for its Silevo solar panel manufacturing subsidiary in the second half of 2015, and the guidance could boost the stock, Lee believes. The risk/reward ratio of SolarCity's stock is positive, according to the analyst, who has a Conviction List Buy and $85 price target on the shares. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). PRICE ACTION: In late morning trading, SolarCity advanced 5.3% to $43.18.
August 21, 2015
10:01 EDTCSIQCanadian Solar upgraded to Buy from Hold at Standpoint Research
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06:56 EDTCSIQSolar companies spending $1B in Texas projects, WSJ says
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August 20, 2015
07:03 EDTBLDPBallard Power assumed with a Buy at Rodman & Renshaw
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August 19, 2015
13:11 EDTCSIQCanadian Solar plummets after Q3 guidance, YieldCo comments
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09:53 EDTCSIQCanadian Solar tumbles, levels to watch
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09:19 EDTCSIQOn The Fly: Pre-market Movers
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08:10 EDTPSIXPower Solutions management to meet with Lake Street
Meeting to be held in Boston on August 25 hosted by Lake Street.
07:34 EDTCSIQCanadian Solar price target lowered to $40 from $45 at Canaccord
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