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Stock Market & Financial Investment News

News Breaks
March 5, 2014
10:04 EDTCSIQCanadian Solar gaps down after results, spikes lower
The company missed consensus Q4 EPS by 2 cents when it reported earlier today, and the shares gapped down on the open. Since then the stock has declined sharply from a session high of $42.50, last at $39.55. Next support is at $38.82 and then at $37.55, the 50-day moving average. Resistance is at $41.01, the opening price.
News For CSIQ From The Last 14 Days
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September 3, 2015
05:36 EDTCSIQCanadian Solar awarded five solar power projects totaling 185MW in Brazil
Canadian Solar announced that it has won five solar photovoltaic projects totaling 185 megawatts In Pirapora, in the state in Minas Gerais, Brazil. Canadian Solar will develop and build the solar power plants which, once connected to the grid will sell the electricity generated to a Brazilian government entity, under a 20-year Power Purchase Agreement at R$298.58/MWh. The five projects are targeted to reach commercial operation in mid-2017. The company will short list potential equity partners for these projects and believes that it can make adequate developer margins should it decide to sell them.
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 EDTCSIQOn 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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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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