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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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August 20, 2015
07:05 EDTJKSJinkoSolar reports total module shipments 913.4 MW
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07:05 EDTJKSJinkoSolar reports Q2 non-GAAP EPS $1.04, consensus 84c
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August 19, 2015
14:48 EDTJKSNotable companies reporting before tomorrow's open
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13:20 EDTJKSJinkoSolar August volatility elevated into Q2 and outlook
JinkoSolar August call option implied volatility is at 118, September is at 69; compared to its 52-week range of 47 to 100, suggesting large price movement into the expected release of Q2 results on Aug 20.
13:11 EDTCSIQ, TSL, FSLRCanadian 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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07:34 EDTCSIQCanadian Solar price target lowered to $40 from $45 at Canaccord
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August 18, 2015
18:32 EDTCSIQOn The Fly: After Hours Movers
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16:15 EDTCSIQCanadian Solar falls on results
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16:07 EDTCSIQCanadian Solar sees FY15 shipments approximately 4.0 GW-4.3 GW
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16:06 EDTCSIQCanadian Solar sees FY15 revenue $2.8B-$3B, consensus $2.93B
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16:05 EDTCSIQCanadian Solar sees Q3 revenue $570M-$620M, consensus $669.32M
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16:05 EDTCSIQCanadian Solar sees Q3 shipments approximately 970MW-1,020MW
For the third quarter, the company expects total module shipments to be in the range of approximately 970MW to 1,020MW, including approximately 70MW of shipments to the Company's utility-scale solar projects that will not be recognized in third quarter 2015 revenue. Total revenue for the third quarter of 2015 is expected to be in the range of $570M-$620M, with gross margin expected to be between 12%-14%. The gross margin guidance for the third quarter is expected to be negatively impacted by the U.S. import duty on modules because module shipments to the U.S. are expected to increase significantly.
16:03 EDTCSIQCanadian Solar reports Q2 EPS 31c, may not compare to consensus 13c
Reports Q2 revenue $636.7M, consensus $592.5M. Total solar module shipments were 850 MW, of which 809 MW were recognized in revenue, compared to 1.03 GW recognized in revenue in the first quarter of 2015, and second quarter shipment guidance in the range of 950 GW to 1,000 GW.
11:03 EDTJASO, JKS, FSLR, TSLSunEdison raises capital while Trina Solar tops expectations
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07:04 EDTTSLTrina Solar expects 2015 ingot production capacity of 2.5 GW
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07:03 EDTTSLTrina Solar expects to ship 1,450 MW-1,500 MW of PV modules
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07:03 EDTTSLTrina Solar reports Q2 total module shipments were 1,231.6 MW
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07:02 EDTTSLTrina Solar reports Q2 EPS 42c, consensus 25c
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