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News For SPWR;LDK From The Last 14 Days
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April 30, 2015
16:35 EDTSPWRSunPower says withholding FY15 guidance
SunPower believes that its underlying business fundamentals remain strong for 2015. However, in light of the company's announcement on February 23 of its intention to form a joint YieldCo vehicle, 8point3 Energy Partners, with First Solar, and the pending S-1 registration statement, the company will withhold fiscal year 2015 guidance until the company can finalize the estimates regarding the impact of the proposed YieldCo vehicle on the company's expected financial performance. The company will provide an update at a later date.
16:34 EDTSPWRSunPower reports Q1 adjusted EPS 13c, consensus 9c.
Reports Q1 adjusted revenue $430.6M, consensus $452.56M. Reports Q1 GAAP revenue $440.9M.
13:16 EDTSPWRChinese solars fall after analyst indicates tariff could be scrapped
The shares of Chinese solar stocks are falling after research firm Cowen indicated that China's solar feed-in-tariff program could be altered or canceled in 2016. WHAT'S NEW: After meeting with "numerous solar" companies in China, Cowen analyst Jeffrey Osborne wrote that "there have been discussions around the future of China's national (solar) feed-in tariff program." Solar companies' fourth quarter results may exceed expectations as developers rush to complete projects "if the feed-in tariff program becomes subject to a change, reduction, replacement, or cancellation for 2016 onward," according to Osborne. Moreover, the analyst reported that his conversations indicate that the pricing of solar energy products will bottom in April or May, then be flat to up at the end of Q2. Solar companies' Q1 margins will be challenging due to price drops and foreign exchange fluctuations, the analyst added. However, Q2 orders indicate that pricing has plateaued, while foreign exchange headwinds have eased, according to Osborne. Two to three gigawatts of the five gigawatts of solar energy that China reported were installed in Q1 were probably actually completed last year and then connected to the grid this year, Osborne reported. On a positive note, the analyst, confirming recent reports says that demand for solar energy in China is accelerating. He predicts that demand will spike in Q3, as new projects may not be eligible for the feed-in tariff if they are less than 50% complete by November 30. He identified his favorite names ion the solar sector as Trina Solar (TSL), SunPower (SPWR), SunEdison (SUNE), and Amtech Systems (ASYS). PRICE ACTION: In mid-afternoon trading, JinkoSolar fell 1.5% to $28.80, Trina Solar declined 3% to $12.50, Canadian Solar dropped 3% to $36, SunPower fell 2% to $32.70, JA Solar lost 2.5% to $10.30, and SunEdison dropped 1% to $25.80. .
08:42 EDTSPWRChina solar demand accelerating, likely to spike in Q3, says Cowen
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April 29, 2015
15:46 EDTSPWRCalifornia sets aggressive greenhouse gas reduction target, Clean Technica says
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April 28, 2015
12:29 EDTSPWRCanadian Solar sees panel shortage in 2H as demand grows, Bloomberg says
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April 20, 2015
05:10 EDTSPWRSunPower begins construction on 86 MWp solar project in South Africa
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