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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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October 31, 2014
06:43 EDTFSLRSolarWorld to expand plant as U.S. looks to settle trade dispute, NY Times says
Solar module maker SolarWorld Americas announced yesterday that it would spend $10M to expand its plant in Oregon, as it benefits from increased domestic demand for modules, according to The New York Times. The company launched the petition against Chinese solar companies that led the U.S. to impose tariffs against the Chinese firms, the newspaper noted, adding that officials and executives have been looking to reach a settlement of the trade dispute. The settlement would have to be reached before mid-December, The Times said. 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). Reference Link
October 30, 2014
14:05 EDTSOSouthern Company downgraded to Underperform from Peer Perform at Wolfe Research
Two other firms downgraded Southern Company today.
11:36 EDTSOSouthern Company downgraded to Neutral from Buy at Hilliard Lyons (earlier)
10:02 EDTSOOn The Fly: Analyst Downgrade Summary
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07:19 EDTSOSouthern Company downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Southern Company to Underperform from Neutral. The firm downgraded shares based on valuation, continued Kemper cost issues, and risks to Vogtle nuclear construction. Price target raised to $46 from $43.
06:11 EDTSOSouthern Company downgraded to Underperform from Neutral at BofA/Merrill
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October 29, 2014
13:58 EDTSOSouthern Company says solar power investment 'ahead of schedule'
Says sees $30M in Q4 income from California solar plant. Says expects to sell $600M in equity for 2014. Says will evaluate options to issue equity in 2015/16 but no plans to do so currently. Says wind investments are "suitable," but not in Southeast region.
13:35 EDTSOSouthern Company sees FY14 year-end adjusted EPS $2.80, consensus $2.79
Based on year to date actual adjusted EPS of $2.43 and projected Q4 adjusted EPS of 37c, the company expects 2014 year-end adjusted EPS of $2.80.
13:20 EDTSOSouthern Company says economic development pipeline 'remains robust'
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13:02 EDTSOSouthern Company sees FY14 adjusted EPS $2.72-$2.80, consensus $2.79
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13:01 EDTSOSouthern Company sees Q4 adjusted EPS 37c, consensus 39c
Guidance from company's Q3 earnings conference call.
07:35 EDTSOSouthern Company reports Q3 kilowatt-hour sales to retail increased 3.6%
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07:34 EDTSOSouthern Company reports Q3 EPS excl items $1.09, consensus $1.07
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October 28, 2014
15:44 EDTSONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Southern Company (SO), consensus $1.07; Phillips 66 (PSX), consensus $1.75; Automatic Data Processing (ADP), consensus 60c; Praxair (PX), consensus $1.63; WellPoint (WLP), consensus $2.27; Exelon (EXC), consensus 73c; Eaton (ETN), consensus $1.23; Hess (HES), consensus $1.08; TE Connectivity (TEL), consensus $1.00; McGraw Hill Financial (MHFI), consensus 94c; Waste Management (WM), consensus 68c; Hershey (HSY), consensus $1.08; Ralph Lauren (RL), consensus $2.06; Wisconsin Energy (WEC), consensus 53c; Garmin (GRMN), consensus 71c; Sealed Air (SEE), consensus 46c; DENTSPLY (XRAY), consensus 60c; Goodyear Tire (GT), consensus 70c; Revlon (REV), one estimate 45c; Booz Allen (BAH), consensus 41c; Carlyle Group (CG), consensus 54c.
October 24, 2014
06:38 EDTFSLREU sets emissions, renewable energy targets, NY Times says
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October 23, 2014
11:21 EDTSOSouthern Company subsidiary acquires 150-MW Solar Gen 2 solar facility
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October 22, 2014
10:09 EDTEEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Buy from Hold at Evercore... ARM Holdings (ARMH) upgraded to Buy from Neutral at UBS... American Assets Trust (AAT) upgraded to Buy from Hold at MLV & Co.... American Midstream Partners (AMID) upgraded to Buy from Neutral at Ladenburg... BancorpSouth (BXS) upgraded to Neutral from Underweight at JPMorgan... Chesapeake (CHK) upgraded at UBS... Chuy's (CHUY) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Overweight from Equal Weight at Morgan Stanley... East West Bancorp (EWBC) upgraded at BMO Capital... El Paso Electric (EE) upgraded to Buy from Neutral at Ladenburg... Generac (GNRC) upgraded to Buy from Hold at KeyBanc... Gold Fields (GFI) upgraded to Overweight from Neutral at HSBC... Harmony Gold (HMY) upgraded to Neutral from Underweight at HSBC... Hess Corp. (HES) upgraded to Buy from Neutral at UBS... Hovnanian (HOV) upgraded to Market Perform from Underperform at JMP Securities... Intuitive Surgical (ISRG) upgraded to Buy from Neutral at BTIG... OMV AG (OMVKY) upgraded to Neutral from Underperform at Credit Suisse... Seaspan (SSW) upgraded to Neutral from Underperform at Credit Suisse... Sibanye Gold (SBGL) upgraded to Neutral from Underweight at HSBC... Smith & Nephew (SNN) upgraded to Overweight from Equal Weight at Barclays... Southwestern Energy (SWN) upgraded to Buy from Hold at Maxim... Steel Dynamics (STLD) upgraded to Outperform from Neutral at Macquarie... Steris (STE) upgraded to Strong Buy from Market Perform at Raymond James... Tesoro Logistics (TLLP) upgraded to Strong Buy from Outperform at Raymond James... Texas Instruments (TXN) upgraded to Outperform from Market Perform at Bernstein... Twitter (TWTR) upgraded to Hold from Sell at Hudson Square... Vanguard Natural (VNR) upgraded to Buy from Hold at Wunderlich... Volaris (VLRS) upgraded to Buy from Hold at Deutsche Bank... Wilshire Bancorp (WIBC) upgraded to Outperform from Neutral at Macquarie... Yahoo (YHOO) upgraded to Outperform from Market Perform at FBR Capital.
07:10 EDTEEEl Paso Electric upgraded to Buy from Neutral at Ladenburg
Ladenburg upgraded El Paso Electric to Buy citing earnings growth and valuation. The firm raised its price target for shares to $40.50 from $37.
October 20, 2014
07:19 EDTFSLRJPMorgan says recent sell-off in solar space unjustified
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