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Stock Market & Financial Investment News

News Breaks
October 16, 2012
08:08 EDTCSIQCanadian Solar Solutions expands EPC agreement with Penn Energy
Canadian Solar announced that its subsidiary, Canadian Solar Solutions, has expanded its relationship with Penn Energy Renewables with an additional 10MW turnkey engineering, procurement and construction contract and operations and maintenance agreement for the construction and operation of a solar power project in Ontario by Canadian Solar for Penn Energy. This latest agreement brings the total EPC and OM agreement between the two companies to 28.7MW. Construction of the newest solar power plant will begin in the fourth quarter, with the facility expected to be fully operational by the third quarter of 2013. Construction on the previously announced solar power projects, representing 18.7MW, is underway and expected to be fully operational by the summer of 2013.
News For CSIQ From The Last 14 Days
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May 21, 2013
06:42 EDTCSIQU.S., EU to negotiate with China over solar trade dispute, NY Times says
The U.S. and EU will negotiate settlements with China over allegations that the country's solar energy sector carried out illegal trading practices, according to The New York times. Under a deal that's starting to emerge, Chinese solar companies would have to raise the prices of their solar panels, but the companies would no longer have to pay high tariffs, the newspaper explained. Reference Link
May 20, 2013
09:32 EDTCSIQCanadian Solar wins court case in relation to contract dispute with LDK Solar
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08:00 EDTCSIQGerman minister calls potential EU solar tariffs 'grave mistake,' FT says
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06:26 EDTCSIQEurope solar trade tariffs may slow down market growth, DigiTimes says
Europe solar trade tariffs may slow down the market growth although some Taiwan firms may benefit from them against China players, reports Digitimes Research. An anti-subsidy tariff against China-based solar firms is expected to be 30%-67.9% with the average as high as 57.6%. Reference Link
May 15, 2013
05:55 EDTCSIQCanadian Solar's partner Romano awarded rooftop project in Johannesburg
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May 13, 2013
11:03 EDTCSIQHigh option volume stocks: HMY PERI CSIQ HMC ACT
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May 7, 2013
10:28 EDTCSIQSolar companies drop after First Solar report, outlook
Solar stocks are retreating after a leading company in the sector, First Solar (FSLR), reported lower than expected first quarter earnings per share and said that it would generate more earnings in the second half of 2013 than in the first half of the year. WHAT'S NEW: First Solar reported lower than expected EPS and said it expected its earnings to be higher in the second half of the year than in the first half due to the timing of revenue recognition from a number of projects. Previously the company had expected to generate higher earnings in the first half of the year. However, First Solar reaffirmed its previous fiscal 2013 EPS guidance range of $4.00-$4.50 and disclosed that it was working on "sizable" opportunities in Africa, ANALYST REACTION: In a note to investors this morning, Deutsche Bank analyst Vishal Shah wrote that First Solar's results and guidance were weak. Shah is concerned about First Solar's reliance on a strong second half performance to meet its 2013 guidance and he maintained a Hold rating on the stock. TODAY'S PRICE ACTION: In early trading, SunPower (SPWR) fell 5.7% to $15, Trina Solar (TSL) dropped 3.8% to $4.80, Canadian Solar (CSIQ) slumped 4.2% to $5.55 and First Solar tumbled 10% to $42.90.
07:24 EDTCSIQEU to tax imported solar panel equipment form China, WSJ reports
The EU is set to place import duties on solar panel equipment made in China, with a trade battle expected to follow, reports the Wall Street Journal. Reference Link

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