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Stock Market & Financial Investment News

News Breaks
August 13, 2014
12:16 EDTJASO, JKS, TSL, FSLR, CSIQCanadian Solar soars after results top estimates
Shares of solar power company Canadian Solar (CSIQ) are soaring after the company posted better than expected second quarter results. WHAT'S NEW: This morning, Canadian Solar reported Q2 earnings per share of 95c and revenue of $623.8M, easily beating consensus estimates of 58c and $577.65M, respectively. Q2 solar module shipments were 646 MW, compared to 500 MW in the first quarter and versus guidance in the range of 600 MW to 630 MW. Gross margin was 19.0%, compared to 14.7% in Q1, and versus guidance in the range of 17% to 19%. CEO Dr. Shawn Qu said, "Our second quarter shipments and revenue came in above the high end of our guidance led by strong module demand out of Japan, Germany, the UK and the US, as well as progress in the build-out of our utility-scale solar projects in Canada. Gross margin in the second quarter improved significantly to 19.0% compared to 14.7% in the first quarter of 2014, reflecting solid execution of our total solutions business strategy, as well as higher module ASP and shipment volume. We believe we remain one of the solar industry's best positioned companies given our diverse manufacturing footprint and advanced-stage project pipeline in Canada, Japan, the U.S., and China. We are making steady progress in key developing markets in Asia, the Middle East, Latin America and Africa, and we continue to see robust demand for our solar energy solutions products and services across all geographies and market segments." WHAT'S NOTABLE: Canadian Solar forecast Q3 revenue of $760M-$810M, versus consensus of $784.75M. Q3 gross margin was seen at 19%-21%, with module shipments of 720MW-750MW. ANALYST REACTION: This morning, research firm Northland said it was encouraged by Canadian Solar's Q2 report and expects backlog value to increase as lower cost of capital comes into the market. It said the company's module pricing and margin are holding up better than spot market data suggests, primarily due to its limited exposure to the China module market. The firm also said execution on its project business is improving and expects Street estimates to be revised higher. Northland had an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Canadian Solar rose $4.47, or about 18%, to $29.44 on nearly three times its average daily trading volume. Including today's advance, the stock is up approximately 150% over the past 12 months. OTHERS TO WATCH: Other companies in the solar space include: Trina Solar (TSL), JA Solar (JASO), First Solar (FSLR), and JinkoSolar (JKS), all of which are higher on the session.
News For CSIQ;TSL;JASO;FSLR;JKS From The Last 14 Days
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November 18, 2014
10:20 EDTCSIQOptions with decreasing implied volatility
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10:15 EDTTSLTrina Solar could be worth $1.1B-$1.2B for pe buyer, AsianSweeper says
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10:15 EDTJASOHigh option volume stocks
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09:20 EDTJASOOn The Fly: Pre-market Movers
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07:06 EDTJASOJA Solar sees FY14 shipments 3.1 GW -3.2 GW
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07:05 EDTJKSJinkoSolar closes $225M investment led by CDB and MGCIF
JinkoSolar Holding announced that it closed the private equity investment led by China Development Bank International, or CDB and the Macquarie Greater China Infrastructure Fund, or MGCIF, a fund managed by Macquarie Infrastructure and Real Assets, of an aggregate amount of $225M in the Company's downstream solar power project business. JinkoSolar Power Engineering Group, a subsidiary of JinkoSolar that develops and operates its downstream solar power project business, entered into definitive share purchase agreements with each of CDBI, MGCIF and New Horizon Capita. Under the share purchase agreements, CDBI, MGCIF and New Horizon have agreed to invest an aggregate amount of $225M in Jinko Power. The three investors hold a total of approximately 45% of Jinko Power's equity interest. They will provide support and additional resources to facilitate the spin off and listing of Jinko Power and the downstream business development in terms of project financing, project development, project operation and global green energy network.
07:05 EDTJASOJA Solar sees Q4 total cell, module shipments 850 MW-900 MW
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07:03 EDTJASOJA Solar reports Q3 EPS 21c, consensus 18c
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07:02 EDTCSIQCanadian Solar modules to power series of projects in Georgia totaling 5.1 MW
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November 17, 2014
15:16 EDTJASONotable companies reporting before tomorrow's open
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11:35 EDTFSLRStocks with call strike movement; GNW FLSR
Genworth (GNW) March 11 call option implied volatility increased 6% to 53, First Solar (FSLR) March 55 call option implied volatility increased 12% to 51 according to IVolatility.
09:59 EDTFSLRFirst Solar calls active on renewed takeover speculation
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09:46 EDTFSLRRumor: First Solar strength attributed to renewed takeover speculation
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09:14 EDTJASOJA Solar reports setting power output record for multi-si 60-cells modules
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07:06 EDTCSIQCanadian Solar achieves PV module qualification with Sunrun
Canadian Solar announced that Sunrun, one of the largest dedicated residential solar companies in the United States, approved Canadian Solar as its qualified vendor.
November 13, 2014
11:16 EDTCSIQCanadian Solar at a key technical juncture, levels to watch
Share price has continued to fall since earnings, with price last at $26.34. In a note from a few sessions ago we mentioned that there was a large potential head and shoulders pattern with a neckline at the $26 area. The behavior of the shares now may be either to trigger that pattern by continuing to fall below $26, or, to bounce thereby thwarting the pattern. A move below $26 would have the pattern become active, with downside potential over time to the $14 area. A bounce from these levels that sustains above $26 would void the pattern through time decay, price, or a combination of both.
10:44 EDTFSLROptions with decreasing implied volatility
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09:14 EDTCSIQCanadian Solar should be bought opportunistically on weakness, says Roth Capital
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08:43 EDTCSIQCanadian Solar should be bought on sell-off, says Canaccord
Canaccord reiterated its Buy rating on Canadian Solar following the sell-off after what it believes were solid Q3 results from the company. The firm feels the entire solar group is detached from fundamentals on concerns of cheap energy, but also believes investors were disappointed when the company did not provide details of a YieldCo set-up. Canaccord sees a growing pipeline and continued significant volume for Canadian Solar, but lowers its price target to $46 from $48.
06:25 EDTTSLTrina Solar supplied 28.5MW of modules to large-scale projects in U.K.
Trina Solar supplied 28.5MW of PV modules to sPower, a renewable energy provider, and Camborne Capital, a UK solar developer. The panels will be installed over the coming months to ensure the facilities are energized and accredited to meet the March 31, 2015 1.4 Renewable Obligation Certificates deadline.
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