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Stock Market & Financial Investment News

News Breaks
May 28, 2014
10:48 EDTPLUG, FCEL, BLDP, FSLRFuelCell, First Solar advance after upbeat notes from analyst
Shares of FuelCell (FCEL) and First Solar (FSLR) are climbing after research firm Stifel resumed coverage of both stocks with Buy ratings in notes to investors earlier today. First Solar develops solar energy plants, while Fuel Cell develops fuel cell power systems. WHAT'S NEW: FuelCell has made progress in reducing its technology and manufacturing costs, Stifel analyst Sven Eenmaa wrote. Additionally, the company's fuel cell power plant solution is becoming increasingly attractive in several states following a decline in the cost of electricity generated by the product, the analyst believes. Following the price drop, the price of FuelCell's solution is competitive with other renewable energy sources, the analyst wrote. Although FuelCell's U.S. bookings are likely to remain uneven as Americans get used to the technology, these challenges should fade over time, he forecast. The analyst placed a $2.90 price target on the name. First Solar is still strongly positioned to exploit the growth of solar energy around the world, Eenmaa believes. The company should benefit from the proliferation of solar energy projects in the U.S. ahead of the expiration of a tax credit in 2016, the analyst added. Also likely to boost First Solar are the declining cost of financing for solar projects, reductions in the cost of First Solar's cost per watt, and capital raises by yieldcos, the analyst forecast. Yieldcos are subsidiaries of energy companies that own power plants and projects and typically trade on stock exchanges. Eenmaa set a $75 price target on First Solar. PRICE ACTION: In mid-morning trading, FuelCell climbed more than 6% to $2.37 and First Solar gained 1.3% to $62.06. Other fuel cell stocks also rose significantly, with Plug Power (PLUG) rising 4.5% to $4.18 and Ballard Power (BLDP) advancing 7.5% to $3.50.
News For FCEL;FSLR;BLDP;PLUG From The Last 14 Days
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July 1, 2015
17:34 EDTFSLRFirst Solar appoints de Jong as COO, Schumaker as CAO
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08:09 EDTBLDPBallard Power 8.125M share Spot Secondary priced at $1.60
Cowen acted as sole book running manager for the offering.
07:30 EDTFSLRDrop is Solar stocks a buying opportunity, says Deutsche Bank
Deutsche Bank analyst Vishal Shah attributes the recent weakness in the Solar space to investor concerns around increased interest rate and growth uncertainty, especially of YieldCos. Shah, however, views YieldCos as a significant growth catalyst for the solar and broader renewables sector. The analyst expects the current weakness to provide an attractive entry point for longer term investors. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
June 30, 2015
17:04 EDTBLDPBallard Power files to sell common stock, no amount given
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June 29, 2015
07:35 EDTBLDPBallard Power announces acquisition of Protonex
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June 23, 2015
05:30 EDTFSLRFirst Solar modules to power 200 MW solar PV project in Dubai
First Solar announced that it has signed an agreement to supply its high performance photovoltaic, or PV, modules to power the 200 MW AC second phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, the United Arab Emirates.
June 19, 2015
11:21 EDTFSLR8point3 Energy Partners opens at $20.75, IPO priced at $21.00
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11:10 EDTFSLR8point3 Energy Partners IPO indicated to open $20.60
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10:57 EDTFSLR8point3 Energy Partners IPO indicated to open $20.75
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10:52 EDTFSLR8point3 Energy Partners IPO indicated to open $20.50
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10:51 EDTFSLR8point3 Energy Partners IPO indicated to open $20.25
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10:46 EDTFSLR8point3 Energy Partners IPO indicated to open $20, IPO priced at $21
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