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Stock Market & Financial Investment News

News Breaks
May 23, 2014
09:03 EDTFSLR, EE, SOFirst Solar sells Macho Spring solar project
First Solar (FSLR) announced that it has sold the 50 megawatt AC Macho Springs Solar Power Plant to Southern Company (SO) subsidiary Southern Power and Turner Renewable Energy. El Paso Electric (EE) has a 20-year power purchase agreement for all energy generated by the power plant. Terms of the deal were not disclosed. This project will displace more than 40K metric tons of CO2, the equivalent of taking 7,500 cars off the road, and will displace more than 340K metric tons of water consumption annually in southern New Mexico and west Texas.
News For FSLR;EE;SO From The Last 14 Days
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July 30, 2014
14:09 EDTSOSouthern Company says making 'impressive progress' on Vogtle 3, 4
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13:02 EDTSOSouthern Company sees Q3 EPS $1.06, consensus $1.09
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07:33 EDTSOSouthern Company reports Q2 EPS ex-items 68c, consensus 66c
Reports Q2 revenue $4.47B, consensus $4.32B. Kilowatt-hour sales to retail customers in Southern Company's four-state service area increased 2.1% in Q2 compared with the second quarter of 2013. Residential energy sales increased 2.0%, commercial energy sales increased 1.3% and industrial energy sales increased 3.0%.
July 29, 2014
15:53 EDTSONotable companies reporting before tomorrow's open
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07:27 EDTSOUtilities coping with new environment as electricity sales sputter, WSJ says
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July 28, 2014
10:02 EDTEEOn 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.
09:17 EDTFSLROn The Fly: Pre-market Movers
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07:27 EDTEEEl Paso Electric downgraded to Hold from Buy at Jefferies
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05:44 EDTFSLRFirst Solar, XSOL establish supply agreement in Japan
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July 27, 2014
20:10 EDTFSLRU.S proposes penalties on certain Chinese solar-energy imports, Bloomberg says
The U.S Commerce Department proposed expanded penalties on some Chinese solar-energy imports, says Bloomberg. The agency said in a preliminary finding that Chinese manufacturers were unfairly selling goods in the U.S. at unfairly low prices, added Bloomberg. Reference Link
July 24, 2014
08:14 EDTSOMistras awarded fleet-wide contract by Southern Nuclear
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July 22, 2014
07:36 EDTFSLRFirst Solar shares dramatically undervalued, says Brean Capital
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July 18, 2014
12:48 EDTFSLRSolar 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.
July 17, 2014
16:35 EDTSOSouthern Company subsidiary reaches two testing milestones
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