New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 25, 2014
07:24 EDTEIX, NRG, SPWR, AES, DUK, AEP, PCG, PNWBernstein to hold a conference
Innovative Energy Technologies Conference is being held in New York on March 25.
News For EIX;NRG;SPWR;AES;DUK;AEP;PCG;PNW From The Last 14 Days
Check below for free stories on EIX;NRG;SPWR;AES;DUK;AEP;PCG;PNW the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 31, 2014
05:34 EDTPCGPG&E affirms commitment to safety, says federal charges are 'unwarranted'
Subscribe for More Information
July 30, 2014
15:40 EDTPCGNotable companies reporting before tomorrow's open
Subscribe for More Information
05:35 EDTPCGPG&E announces new indictment regarding San Bruno, says charges not merited
The U.S. Attorney's Office altered its allegations against Pacific Gas and Electric Company, filing a new indictment that will replace an indictment filed in April. According to a news release issued by United States Attorney Melinda Haag, the superseding indictment alleges that PG&E obstructed the NTSB's investigation that began immediately after the San Bruno explosion. Additionally, the superseding indictment charges PG&E with 27 counts of knowingly and willfully violating the Pipeline Safety Act, allegedly stemming from PG&E's record keeping and pipeline integrity management practices. According to the government's news release, PG&E is charged with one count of obstruction of an agency proceeding in violation of 18 U.S.C. section 1505, and 27 separate counts of violations of the PSA. The maximum statutory penalty for each count is a $500,000 fine or a fine based on the twice the gross gain PG&E made as a result of the violations, or twice the losses suffered by the victims. The superseding indictment alleges that PG&E derived gross gains of $281M, and victims suffered losses of approximately $565M. PG&E issued this reaction: "San Bruno was a tragic accident. We've taken accountability and are deeply sorry. We have worked hard to do the right thing for victims, their families and the community, and we will continue to do so. We are absolutely committed to re-earning the trust of all of the people we are fortunate to serve every day. We have not yet seen the superseding indictment. However, based on all of the evidence we have seen to date, we do not believe that the charges are warranted and that, even where mistakes were made, employees were acting in good faith to provide customers with safe and reliable energy. We are confident the legal process will ensure all of the facts are fully reviewed. In the meantime, we want all of our customers to know that we will stay focused on transforming this 100-plus-year-old natural gas system into the safest and most reliable in the country."
05:22 EDTSPWRSunPower announces 29 MW supply agreement with Nangoku
Subscribe for More Information
July 29, 2014
07:27 EDTPCG, EIX, DUK, AEPUtilities coping with new environment as electricity sales sputter, WSJ says
Subscribe for More Information
07:14 EDTNRG, AEPMarcus Evans to hold a conference
13th Annual Outage Management for Power Plants Conference to be held in New Orleans on July 29-31.
July 28, 2014
10:02 EDTNRG, PCGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AcelRx (ACRX) downgraded to Hold from Buy at Canaccord... Anglo American (AAUKY) downgraded to Neutral from Buy at UBS... Aon plc (AON) downgraded to Hold from Buy at Sandler ONeill... Cabot Oil & Gas (COG) downgraded at Oppenheimer... Cisco (CSCO) downgraded to Sector Perform from Outperform at Pacific Crest... Coeur Mining (CDE) downgraded to Market Perform from Outperform at Raymond James... DSW (DSW) downgraded at Sterne Agee... DuPont Fabros (DFT) downgraded to Neutral from Buy at Citigroup... El Paso Electric (EE) downgraded to Hold from Buy at Jefferies... Enphase Energy (ENPH) downgraded to Hold from Buy at Deutsche Bank... GlaxoSmithKline (GSK) downgraded to Neutral from Buy at BofA/Merrill... Horizon Technology (HRZN) downgraded to Hold from Buy at Wunderlich... Lear (LEA) downgraded to Hold from Buy at Deutsche Bank... Life Time Fitness (LTM) downgraded at Wedbush... Monster Beverage (MNST) downgraded to Neutral from Buy at UBS... NRG Energy (NRG) downgraded to Buy from Conviction Buy at Goldman... PG&E (PCG) downgraded to Sell from Neutral at Goldman... Pfizer (PFE) downgraded at BMO Capital... Post Properties (PPS) downgraded to Neutral from Buy at Citigroup... Publicis (PUBGY) downgraded to Sell from Neutral at Citigroup... Selmer Scientific (SMLR) downgraded to Hold from Buy at Aegis... TransCanada (TRP) downgraded to Neutral from Outperform at Credit Suisse... Travelers (TRV) downgraded to Hold from Buy at Sandler O'Neill... Zurich Insurance (ZURVY) downgraded to Underperform from Market Perform at Bernstein.
09:07 EDTDUKDuke Energy to purchase NCEMPA generation assets for $1.2B
Subscribe for More Information
08:05 EDTSPWRHannon Armstrong to provide up to $44.5M for SunPower's solar lease program
Subscribe for More Information
06:13 EDTPCGPG&E downgraded to Sell from Neutral at Goldman
Subscribe for More Information
06:12 EDTNRGNRG Energy downgraded to Buy from Conviction Buy at Goldman
Subscribe for More Information
July 25, 2014
10:02 EDTEIXOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:23 EDTEIXEdison International upgraded to Buy from Hold at Argus
Argus upgraded Edison International to Buy based on valuation, strong cash flow, the retirement of the San Onofre nuclear plan and is positive that the loss-ridden Edison Mission Energy business is not longer part of the portfolio. Price target is $65.
06:59 EDTAEPAmerican Electric backs FY14 EPS view of $3.35-$3.55, consensus $3.48
Subscribe for More Information
06:57 EDTAEPAmerican Electric reports Q2 EPS 80c, consensus 75c
Reports Q2 revenue $4B, consensus $3.97B.
July 24, 2014
15:29 EDTAEPNotable companies reporting before tomorrow's open
Subscribe for More Information
10:56 EDTNRGStocks with call strike movement; NRG BSX
NRG Energy (NRG) January 35 call option implied volatility decreased 2% to 24, NRG Energy Boston Scientific (BSX) January 15 call option implied volatility decreased 2% to 25 according to IVolatility.
July 22, 2014
06:37 EDTNRGNRG Energy and Calpine recommended on seasonal weakness at Barclays
Subscribe for More Information
July 21, 2014
07:05 EDTNRGNRG Energy acquires Spanish Town Estate Solar project
Subscribe for More Information
July 18, 2014
12:48 EDTSPWRSolar stocks rise after successful IPO in space
Shares of solar energy companies are rising after a solar energy company's subsidiary surged on its first day of trading. WHAT'S NEW: The shares of SunEdison (SUNE) subsidiary TerraForm (TERP) are surging 36% in early afternoon trading. TerraForm Power opened at $33.26 and was trading near $34 per share at midday, after its initial public offering priced at $25 per share. TerraForm was formed to own and operate assets that generate clean power and the company plans to pay dividends. In a note to investors yesterday, Josh Baribeau, an analyst at Canaccord Genuity, wrote that TerraForm is a Yieldco. Subsidiaries of energy companies that own power plants and projects, Yieldcos typically trade on stock exchanges. Noting that TerraForm's IPO had priced at the high end of its expected range yesterday and was well oversubscribed, Baribeau wrote that this outcome reflects the strong demand for Yieldcos among investors. The Yieldcos provide investors with yield which is in high demand in today's low interest rate environment, the analyst stated. Additionally, as a result of the strong demand for Yieldcos' stocks, they provide their parent companies with "cheap and abundant capital," the analyst stated. SunEdison and TerraForm will grow their combined cash available for distributions at a faster rate than their target of 15% over the next three years, helping SunEdison's stock rise, the analyst stated. He kept a $30 price target and Buy rating on SunEdison. WHAT'S NOTABLE: A number of solar energy companies that own solar projects could form Yieldcos, research firm Trefis wrote in a Forbes column last month. Like Canaccord's Baribeau, Trefis believes that Yieldcos provide their parent companies with a cheap source of funding. Yieldcos also distribute most of their cash through dividends, Trefis stated. The firm named First Solar (FSLR) and SunPower (SPWR) as companies that could launch their own Yieldcos. PRICE ACTION: In early afternoon trading, Terraform jumped 36% to $34 and SunEdison was down 1% to $22.76. Meanwhile, First Solar rose 1.4% to $62.29, SunPower climbed 2.7% to $38.71, JinkoSolar gained 2.8% to $26.75, and Canadian Solar (CSIQ) advanced 3% to $28.71.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use